TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world.
The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr. Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
Oters on te list include the President of the United States, Donald Trump, Joe Biden, and Kamal Harris US Democratice candidates for 2020 election, Anthony Fauci, US infectious disease czar , Angela Merkel of Germany and Michael Jordan.
Tony Elumelu is the Founder and Chairman of Heirs Holdings, his family-owned investment company, committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy, including financial services, hospitality, power, energy, and healthcare.
He is also the Chairman of the pan-African financial services group, the United Bank for Africa (UBA), which operates in 20 countries in Africa, the United Kingdom, France, and is the only African bank with a commercial deposit taking licence in the United States. He also chairs Nigeria’s largest quoted conglomerate, Transcorp, whose subsidiaries include Transcorp Power
