Tony Elumelu is a billionaire Nigerian businessman with over $1 billion in net worth. He is the chairman of Heirs Holdings Limited, which is a conglomerate that owns stakes in many different Nigerian businesses. His conglomerate is also the parent company of United Bank for Africa (UBA), which is the largest bank in Nigeria.
Tony Elumelu was born in the Nigerian city of Enugu in January 1955. His parents were both Igbo Nigerian farmers who grew cocoa and coffee, and he was the fifth of fourteen children. Because Nigeria was under the colonial rule of the British at the time, he was raised in a Christian household and attended the Anglican Church of Nigeria. He attended the Federal Government College and was an excellent student. He then attended and graduated from the University of Nigeria in 1976 with a degree in business administration.
After graduating from the University of Nigeria, Tony Elumelu found a job as a management trainee at United African Company. After two years at the company he was promoted to the position of a sales representative. He had started his own company, Transafrica, in 1984. This company was based in the United States and sold second-hand computers. He also started a company called Transnational Industrial and Commerce Limited (TICL) in 1986. This company was based in Nigeria and dealt with shipping and import/export. In 1989, he started another company called Transcorp. This company was based in Nigeria and dealt with manufacturing and real estate.
In the 1990s, Tony Elumelu started several more businesses. He started the West African Cold Storage Company in 1990. This company deals with the transportation of food. He also started Transafrica International Bank in 1991. This company deals with the buying and selling of foreign currencies. He also started the Nigerian Industrial Development Bank in 1992. This company deals with the buying and selling of foreign currencies. He also started the Nigerian Stock Exchange in 1992. This company deals with the buying and selling of foreign currencies. He also started the Nigerian Stock Exchange in 1992.
In 1993, Tony Elumelu started the United Bank for Africa (UBA) with a total capital of $10 million. The bank was the first and largest bank in Nigeria. In 1996, Elumelu started the Transnational Corporation of Nigeria PLC (Transcorp). This company is a conglomerate that owns many different businesses in Nigeria. In 1997, he started the Transnational Energy Corporation of Nigeria PLC (TECNO). This company deals with the buying and selling of electricity. In 1999, he started the Transnational Ferro Alloys Company of Nigeria PLC (TFCN). This company deals with the buying and selling of steel. In 2000, he started the Transafrica Renewable Energy PLC (TRENER). This company deals with the buying and selling of solar power. In 2001, he started the Transnational Oil and Gas PLC (TOGP). This company deals with the buying and selling of petroleum. In 2001, he started the Transnational Mining Corporation of Nigeria PLC (TMCN). This company deals with the buying and selling of minerals. In 2002, he started the Transafrica Real Estate Development and Investment Company (TRADI). This company deals with the buying and selling of real estate. In 2002, he started the Transnational Petroleum Resources Corporation of Nigeria PLC (TNRPC). This company deals with the buying and selling of petroleum. In 2003, he started the Transnational Food Corporation of Nigeria PLC (TFCC). This company deals with the buying and selling of food. In 2003, he started the Transnational Technology and Development Corporation of Nigeria PLC (TNDC). This company deals with the buying and selling of technology. In 2003, he started the Transnational Power Distribution Corporation of Nigeria PLC (TPD). This company deals with the buying and selling of electricity. In 2004, he started the Transnational Energy Development Company of Nigeria PLC (TEDCO). This company deals with the buying and selling of electricity.
In 2006, he started the Transnational Printing and Communications Corporation of Nigeria PLC (TPCN). This company deals with the printing and distribution of newspapers. In 2006, he started the Transnational Investment and Finance Corporation of Nigeria PLC (TIFIC). This company deals with the buying and selling of investments. In 2006, he started the Transnational Hospital Corporation of Nigeria PLC (THC). This company deals with the buying and selling of hospitals. In 2006, he started the Transnational School of Management & Technology of Nigeria PLC (TSMT). This company deals with the buying and selling of education. In 2006, he started the Transnational Construction Corporation of Nigeria PLC (TCCN). This company deals with the buying and selling of construction. In 2006, he started the Transnational Business Institute of Nigeria PLC (TBIN). This company deals with the buying and selling of education. In 2007, he started the Transnational Information Technology Corporation of Nigeria PLC (TNTI). This company deals with the buying and selling of technology. In 2008, he started the Transnational Manufacturing Corporation of Nigeria PLC (TMCN). This company deals with the buying and selling of manufacturing. In 2009, he started the Transnational Petroleum Resources Development Corporation (TRDC). This company deals with the buying and selling of petroleum. In 2010, he started the Transnational Power Distribution Corporation of Nigeria PLC (TPDC). This company deals with the buying and selling of electricity. In 2011, he started the Transnational Petroleum Resources Corporation of Nigeria PLC (TRPC). This company deals with the buying and selling of petroleum. In 2012, he started the Transnational School of Management & Technology of Nigeria PLC (TSMT). This company deals with the buying and selling of education. In 2013, he started the Transnational Construction Corporation of Nigeria PLC (TCCN). This company deals with the buying and selling of construction. In 2014, he started the Transnational School of Management & Technology of Nigeria PLC (TSMT). This company deals with the buying and selling of education.
In January 2015, Tony Elumelu was named the chairman of the board for the Heirs Holdings Limited. He was also made the chairman of the board for United Bank for Africa. He is a director at the Transnational Corporation of Nigeria PLC (TRANSCORP), Transafrica International Bank, Transafrica Renewable Energy PLC (TRENER), Transnational School of Management & Technology of Nigeria PLC (TSMT), Transnational Business Institute of Nigeria PLC (TBIN), Transnational Information Technology Corporation of Nigeria PLC (TNTI), Transnational Petroleum Resources Development Corporation (TRDC), Transnational Hospital Corporation of Nigeria PLC (THC), Transnational Power Distribution Corporation of Nigeria PLC (TPDC), Transnational Real Estate Development and Investment Company (TRADI), Transnational Printing and Communications Corporation of Nigeria PLC (TPCN), Transnational Petroleum Resources Corporation of Nigeria PLC (TRPC), Transnational Power Distribution Corporation of Nigeria PLC (TPDC), Transnational School of Management & Technology of Nigeria PLC (TSMT), Transnational Construction Corporation of Nigeria PLC (TCCN), Transnational School of Management & Technology of Nigeria PLC (TSMT), Transnational Manufacturing Corporation of Nigeria PLC (TMCN), Transnational School of Management & Technology of Nigeria PLC (TSMT), Transnational Business Institute of Nigeria PLC (TBIN), Transnational Printing and Communications Corporation of Nigeria PLC (TPCN), Transnational Real Estate Development and Investment Company
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