Founder of the Tony Elumelu Foundation, Chairman of Heirs Holdings, United Bank for Africa (UBA), and Transcorp
Career Highlight
Banking & Business:
Rose to prominence after leading the turnaround of Standard Trust Bank, which later merged with United Bank for Africa (UBA).
Under his leadership, UBA grew into a pan-African bank with operations in over 20 African countries, as well as the U.S., U.K., and France.
Founded Heirs Holdings, a family-owned investment company with interests in energy, financial services, hospitality, and healthcare.
Chairman of Transcorp, a diversified conglomerate with assets in power, hospitality, and oil & gas.
Philanthropy:
In 2010, founded the Tony Elumelu Foundation (TEF) to promote entrepreneurship across Africa.
The TEF Entrepreneurship Programme has committed $100 million to empower 10,000 African entrepreneurs over 10 years.
Known for advocating “Africapitalism” — the belief that the private sector, especially entrepreneurs, must play a key role in Africa’s development.
Awards & Recognition:
Named in TIME 100 Most Influential People list.
Recipient of the Commander of the Order of the Niger (CON) in Nigeria.
Recognized globally for his contributions to entrepreneurship, development, and economic empowerment in Africa.
Personal Life:
Tony Elumelu is married with children.
Holds a degree in Economics from Ambrose Alli University, and an MSc from the University of Lagos.
Alumnus of Harvard Business School’s Advanced Management Program.
