Thursday, November 20, 2014
KALU,ELUMELU NOW AMONG AFRICA 50 RICHEST PEOPLE
Forbes magazine has reported that Mr Tony Elumelu and Orji Uzor kalu are now among the top richest persons in the continent of Africa.
Elumelu, with a net worth of 1 billion dollars, is the founder of Heir holdings,and owns a controlling stakes in Trans corp, a Nigerian conglomerate with diverse interest in power production, insurance healthcare, Hotels, energy and Agricultural production.
“Elumelu made his fortune when he bought into a struggling Nigerian commercial bank and transformed it into the United Bank for Africa, a leading commercial bank with a presence in 19 African countries,” Forbes said.
On Kalu, He is known as a politician, former Governor of Abia state, who made his first 1 million at the age of 20 through trading Agricultural product and later romance his way into the military circle who awarded him defense contracts
He owns more than 90% of Slok Group a west African conglomerate with interest in banking, shipping, Aviation. Steel and manufacturing, He owns a 400 bedroom mansion in Abia state
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