Atiku Abubakar’s net worth is closely related to his power; huge. Let us show you how much the Nigerian politician is worth. The popular political talisman and business mogul is one of Nigerian prominent political icon and a business guru. He is also a philanthropist who has once in the history of Nigeria serve as the vice president of the Federal Republic of Nigeria which makes him have the honor of the Grand Commander of the order of Nigeria.
- BIRTH NAME: Atiku Abubakar
- STYLE RATING: 4.0%
- CAREER: Politician
- BIRTH DATE: 25th November 1946
- ATIKU ABUBAKAR NETWORTH: 1.4 Billion Dollars
- ENDORSEMENT DEALS: None for now
Atiku Abubakar Net Worth 2020
Currently, this man is estimated to worth more than $1.4 Billion included fixed assets and other assets both landed and liquidity.
Atiku Abubakar Asset
His most important commercial move was made when he was still a customs officer working in Apapa ports. Gabrielle Volpi, an Italian businessman in Nigeria, asked him to establish Nigeria Container Services (NICOTES), a logistics company that operated in the ports.
NICOTES would continue to generate immense wealth for Atiku. NICOTES was later renamed to INTELS and it was at the forefront of the money laundering allegations leveled against Atiku by the US government during his vice-presidency days.
He also founded Adama Beverages Limited and the American University of Nigeria (AUN), both based in Yola. In addition, he also owns an animal feed factory. Atiku is the largest private employer of labor in the country. He has over 50,000 people working for him.
Businesses, Assets And Wealth
This political figure started is real estate business after writing for the loan of about 31,000 nairas to start his first house in the capital of his state which is Yola. This was while he was still an officer in the Nigerian customs service. From the proceeds of the annuity to this house, he bought another parcel and built a second house.
He then continued to build a substantial portfolio of properties in Yola. He also has properties in other parts of the country. In 1981, he diversified to agriculture, acquiring 2,500 hectares of farmland near Yola, capital of Adamawa state to create a corn and cotton farm.
Even though business he started underwent different rough time and touch of challenges which even shut down in the year 1966. After this, he picked himself up and went into another trade which is the buying and selling of rice loaded in trucks, flours, and sugar.
He is the Waziri of Adamawa and was given birth to in the year 1946 in November 25th. He served than under the leadership of General Olusegun Obasanjo which make him the first executive vice president under the civilian rule in the 4th republic under the platform of People’s Democratic Party (PDP) from the year 1999 to 2007.
In his youthful age, he served as an officer in the Nigerian customs service and currently nursing and promoting his ambition to become Nigeria president after he has successfully won the just concluded primary election of the People’s Democratic Party that was keenly contested by whale and fishes of different stature.
This elder statesman and county figure were born in the year 1946 and have his origination from the northern part of the country Adamawa state precisely. He spent 20 of his youthful year serving the Nigerian customs service and he rose to the second-highest position of then in Nigerian customs service which is the deputy director of the service.
He retired from service in the month of April 1989 and committed himself to business and politics on a full-time basis. He then ran for the office of governor in the then Gongola state which comprises present-day Adamawa and Taraba states in the year 1991. In 1993, Alhaji Atiku Abubakar then ran for the presidency and came third in the primary election of the Social Democratic Party (SDP) behind Chief MKO Abiola and Babagana Kingibe.
In 1998, he was successfully elected governor of Adamawa State and while still waiting to be sworn in, he was selected as the running mate of Olusegun Obasanjo on the platform of the PDP for the second-highest office in the land. In the month of February 1999 when presidential elections held, the duo of Obasanjo and Atiku emerged winners and were later sworn in as President and Vice-president respectively in the month of May, the same year precisely on the 29th of May, 1999.
They again ran for the second term in office in 2003 and won but this was the beginning of Atiku Abubakar’s troubles with his boss. Their second term in office was marked by a heated relationship. His attempt to succeed President Obasanjo was not supported by the latter because Obasanjo felt Atiku betrayed his third term bid, and a trial at the Supreme Court was needed to allow Abubakar run for the presidency as he was initially disqualified by the Independent National Electoral Commission on the grounds that he had been charged with financial misconduct by an investigative panel created at Obasanjo’s request.
All of this makes up Atiku Abubakar Net Worth
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The Supreme Court gave judgment in his favor and ordered the electoral commission to reinstate the name of Abubakar on the presidential list. He then ran on the Platform of Action Congress, having resigned from the PDP due to his problems with President Obasanjo. Atiku lost the election and could only earn a third-place finish behind Umaru Yar’Adua of the PDP and Muhammadu Buhari of the All Nigeria Peoples Party (ANPP).
At the end of reading Atiku Abubakar net worth, you will have gotten a deeper insight into the life of the politician.
This young man’s education was first by his parents not allowed to study as a result of persecutions faced by western education in the northern region of this country. But as God will have His way, the government in power then noticed he was not enrolled in any formal educational system this landed his father some days in jail not until a fee was paid by his mother.
At age 8, Atiku Abubakar enrolled at Jada Elementary School, where he performed very well. In the year 1960, he got admitted to the prestigious Adamawa Provincial High School in Yola, where he got a good education in English language and literature but had a difficult time with physics, chemistry, and mathematics. He gained a third-year WASC / GCE certificate in the year 1965.
After leaving high school, Atiku Abubakar studied for a short time at the Nigerian Police College located in Kaduna. He left the school when he could not present an O-Level mathematics result. He then worked briefly as a tax official at the Regional Ministry of Finance from where he gained admission to the school of hygiene located in Kano in the year 1966.
Atiku Abubakar graduated in the year 1967 after serving as interim president of the Union of Students in School. Later in 1967, he enrolled for a law degree at the Institute of Administration of Ahmadu Bello University with a grant from the regional government. After graduating in 1969 which was during the Nigerian Civil War, he was employed by the Nigerian Customs Service.
Marriages And Family
While Abubakar was serving as the Nigerian custom officer, he met his wife who is about 19 years old then by name Titilayo Albert and he did a secret wedding with her in December 1971 in Lagos because of the opposition offered to the two comings together at the first stage.
On the 26th of October 1972, Titilayo gave birth to their first child, a daughter whom they named Fatima. She later gave birth to other children named Adamu, Halima, and Aminu. In the month of January 1979, he married Ladi Yakubu as his second wife. Laid gave birth to six children for him, namely: Abba, Atiku, Zainab, Ummi-Hauwa, Maryam, and Rukayatu.
Atiku again got married in the year 1983. He married his third wife, Princess Rukaiyatu who is the daughter of the late Lamido of Adamawa. She gave him children named, Aisha, Hadiza, Aliyu who was named after her late father, Asmau, Mustafa, Laila, and Abdulsalam.
He married his fourth wife, Fatima Shettima in the year 1986. Fatima gave birth children named Amina (Meena), Mohammed and two sets of twins Ahmed and Shehu, Zainab and Aisha and then a daughter named Hafsat. Atiku Abubakar later divorced Ladi Abubakar and this allowed him to marry Jennifer Iwenjora, who later changed her named Jamila Atiku Abubakar. Jennifer gave him children named, Abdulmalik, Zara, and their youngest son, Faisal.
He first surfaces in the political era in the year 1980s which he started by working to support the governorship ambition of the then aspirants Alhaji Bamanga Turkur. He solicited for votes on behalf of Tukur and also donated generously to the campaign.
Towards the end of his customs career, he met with the late Shehu Musa Yar’Adua, who was second in command of the military government that ruled Nigeria between 1976 and 1979. Atiku was drawn by Yar’Adua to political meetings held regularly at Yar’Adua’s house in Lagos. In the year 1989, Atiku was elected as national vice president of the Peoples Front of Nigeria, the political association that was led by Yar’Adua, to participate in the transition program initiated by the then head of state, Alhaji Ibrahim Babangida.
Atiku Abubakar Net Worth, Assets & Wealth gets more interesting…
Atiku Abubakar won a seat to represent his people at the 1989 Constituent Assembly, created to decide on a new constitution for Nigeria. However, the government of the day refused to register the Popular Front as none of the groups that applied was registered and he found a place in the Social Democratic Party, one of the two parties that were decreed by the regime.
He became Vice-president of the country in 1999 and served until 2007. He has since set his eyes on occupying the number 1 seat in the land and is set to challenge again, this time on the platform of his old party, the PDP.
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