FORBES TOP 20 RICHEST PEOPLE IN NIGERIA & HOW MUCH THEY ARE WORTH

7. TONY ELUMELU

With an estimated worth of $1.4 billion, Tony Elumelu is one of the richest men in Nigeria. He is an economist, entrepreneur and philanthropist.

His investments include Heir Holdings, the United Bank for Africa and the Transcorp. He is also the founder of the Tony Elumelu Foundation which has empowered thousands of entrepreneurs across Africa.

Tony Elumelu is an alumnus of the Harvard Business School. In the banking industry, he was known for his role in the acquisition of Standard Trust Bank and catapulting them to become one of the top banks in the country.

In 2005, he was also involved in the acquisition of the United Bank for Africa. He transformed the bank from a Nigerian bank to a pan-African institution with presence in 19 African countries.

Tony Elumelu has investments in financial services, energy, real estate, hospitality, agribusiness and the healthcare sectors through his investment company, Heir Holdings.

Tony Elumelu serves as an advisor to the USAID’S Private Capital Group for Africa (PCGA) Partners Forum. He also serves a Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. Additionally, he is the chairman of the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria. He also serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL)

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