Atiku Abubakar Net Worth: $1.4 Billion Dollars



Atiku Abubakar net worth

Atiku Abubakar is a Nigerian politician with an estimated net worth of $1.4 billion dollars. He was the vice president of Nigeria during the tenure of Olusagun Obasanjo from May 1999 to May 2007.

Before he became a vice president of his country Nigerian he was one of the most influential personalities in the Nigeria politics. He was birthed on the 25th of November in 1946 in Adamawa State, Nigeria. His father was a Fulani man, his mother was a trader there in the Northern State, Adamawa.

Atiku Abubakar wouldn't have made it through school as his father was a Muslim against western education, but due to the severity of education then, and the value placed on it, Atiku had to study. He lost his father and mother before he reached 40 years of age.

His dad passed out when be was just 11 years of age. He lost him mother at a later date when he turned 38. Being the only child of his parents, it wasn't easy for him.

He decided to get married to a second wife after the first wife, reason being that he doesn't want his children to go through what he wen through.

He built his first house in Yola with loan and worked as a Customs officer in previous years. After the completion of the house in Yola, he decided to place the house on rent.

Wisely, he managed to purchase another land where he built his second house. He did this repeatedly gradually built a number of number of huge properties in Yola.

He acquired a 2500 hectares of land in a region close to Yola in 1981 to start farming Cotton and Maize, but it wasn't successful and he went out of business in 1986. He didn't give up on business, instead, he went on to start trading rice, sugar and flour.

From time to time, Atiku Abubakar developed a good relationship with Aliko Dangote's business group known as Dangote Group. Later on, the business relationship didn't end with the the group but ran along to owner, Aliko Dangote.

While he was quite a successful businessperson with trading rice, sugar and flour, he got a life changing encounter working at Apapa Ports as a Customs officer.

He fortunately got an invitation by an Italian business mogul, Gabrielle Volpi, in Nigeria to establish a company called Nigeria Containers Services (NICOTES). This project fetched the politician, Atiku Abubakar a lot of cash.

The project was later rebranded as INTELS as was used to accuse Atiku as one of his money laundering schemes and channel to other malicious redirection of government funds during his reign as Nigeria's vice president. He has a manufacturing plant in Yola which produces beverages in Yola.

Atiku Abubakar also has a feed factory for animals. Atiku Abubakar founded the American University of Nigeria (AUN) in 2005, Yola, Adamawa State, Nigeria.

The University has made mark as the first University in Nigeria which operates on American standards in the Sub-Saharan Africa. Atiku Abubakar is married to four wives.



Comments