I didn’t become UBA, Transcorp chairman because of wealthy parents – Elumelu

Tony Elumelu

Businessman Tony Elumelu has said he did not become chairman of Transcorp and UBA because of wealthy parents.

In a Facebook post on Sunday, Mr Elumelu said his journey towards becoming one of the country’s foremost entrepreneurs was driven by discipline, hard work, and sacrifices, rather than an affluent background.

Sharing his life experiences, the chairman of Heirs Holdings wrote, “I didn’t become the Chairman of UBA Group and Transcorp Group because I had wealthy parents or attended the best schools, or because I was the most intelligent in my state or country. Your circumstances today must not define your future.”

He further expounded on the pivotal role of hard work, discipline, and sacrifice in achieving success.

Elumelu stressed, “Embrace hard work, discipline, and sacrifice: I realized growing up that the way to get to the top is to go the extra mile. Have the discipline to say no to things that don’t serve you, and sacrifice now for future rewards. If you work hard and are disciplined, you will get what you desire in life.”


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The billionaire offered advice on maintaining one’s authenticity in the face of external influences.

“Be yourself – There are so many distractions and influences in the world we live in. Over time, people start to doubt their identity and act in a manner that is alien to them. Don’t go against your values because you want to be perceived as ‘sociable’. Anyone who doesn’t accept you the way you are should leave,” he said.

Elumelu also turned his attention to the challenges posed by social media, cautioning young individuals against being swayed by the often deceptive images presented online.

“Be careful about social media –It not everything you see on social media that is real. Do not be drawn in by its influence – it can be misleading at times. That is why discipline is extremely important in your life journey,” he said.