Tony Elumelu Net Worth: $1.1 Billion Dollars

Tony Elumelu net worth

Tony Elumelu is a Nigerian investor and entrepreneur with an estimated net worth of $1.1 billion dollars. He has a huge interest in trade conglomerate with focus and operations in various lines including agriculture and oil production.

Tony Elumelu became popular in 1997 after he and a number of investors took over a small commercial bank in Lagos State, Nigeria. The bank grew tremendously and was merged in 2005 with the United Bank for Africa (UBA).

The most interesting part is; he led the team of investors to transform, by hardwork, an unstable and unprofitable commercial bank in a city to something reasonably profitable within 8 years.

The banking group in actively running with subsidiaries in about 20 African countries, the United Kingdom and the United States. Tony has topnotch real estates in several Nigerian States, with a stake in MTN Nigeria.


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