How much is Orji Uzor Kalu Net Worth currently – Having a good record as a good business man and politician is a big achievement. Being a chairman with several branches in his company, he is known as one of the most successful businessmen in Nigeria and he has kept a good record since then. In this article we will take a look at the life Orji Uzor Kalu his estimated worth and biography, facts and details will be written about him in this article.
Orji Uzor Kalu Net Worth And Biography
- Full Name: Orji Uzor Kalu
- Date Of Birth: April 21st 1960
- Nationality: Nigeria
- State Of Origin: Abia State
- Occupation: Businessman
- Net Worth: $400,000,000
Biography and Educational Background
Born on the 21st of April 1960 to the family of Mr. Johnson Uzor Nesiegbe Kalu and Mrs. Eunice Kalu, he hails from Abia State. As a young growing child, he must pass through the stage of attending school and his parents enrolled him for his primary education at Christ the King college Aba and he furthered till his secondary education where he attended Government College Umuahia, he also studied in the Barewa college Zaria and then he enrolled in the University of Maiduguri where he studied political science. I believe this is his starting point for his political career, though he is often referred to as a businessman, due to the positive impact he has made through his business and has been able to give out jobs to the unemployed through the platform.
Orji Uzor Kalu faced many issues in the University, he participated in the Ali Must Go riots against the education minister and this led to his suspension of him and his friends while his fellow students took the school to court, at that period he decided to leave school and start up his own business. Starting up a business for youth at that age was not easy, he was only having a small amount of money which he saved up and he had to borrow from his mother to make it big. Kalu was focused and determined to make it, he started the trading of palm oil which he found during his time at the university that it was a very lucrative business because he schooled at the Northern part of Nigeria, so he got to know the business that was lucrative and what he could dive into with small funds at that time. He started out by buying palm oil from the eastern region and began trading it in the Northern region where he knows that they lacked it and it was quite expensive over there because they don’t have it in abundance. Orji Uzor Kalu worked very hard and he started earning fast in this his palm oil business, he then started out with furniture a bigger scale and this paved the way for him.
Orji Uzor Kalu’s SLOK Holding
Starting up the furniture company on a more larger scale, he would buy from the East which is Aba and then sell to the Northern region of Nigeria, this business was also lucrative like the Palm Oil business and he was able to run both earning him quite a good amount of money, since he was a school drop out, he had to make a way for himself to earn a living and such a businessman at a young age is quite fulfilling. Business became good and he made plans on launching his own furniture company which he was able to achieve in a short period of time. He was able to make a huge amount of money when he was asked to supply arms to the Nigeria military in the early 80s and this made him a huge amount of money which he was able to invest into his company.
You should know that running a company from the scratch is not easy, there are times when you will experience ups and downs and lots of people will even make things difficult, but amidst all of these you not giving up is one of the brightest thing so far, same as Orji Uzor Kalu, good things do not always come through easy, but with hard work and patience you will be able to achieve all in a short while. Establishing SLOK Holding was a huge success, this company is a conglomerate that comprises with a number of companies which includes; SLOK Nigeria Limited, SLOK United Kingdom, SLOK Vegetable Oil, Adamawa Publishers, SLOK Airlines, Sun Publishing Limited, Supreme Oil Limited, First International Bank Limited, Ojialex furniture company, SLOK paper factory Aba and a whole lot of others. All of these started bit by bit, till he was able to get them together.
Orji Uzor Kalu’s Political Career
Being successful at an early age is a thing of joy and it was a shock to many that Orji Uzor Kalu was able to amass to such wealth at such a young age. At the age of 26, he became the youngest Nigerian to receive the National Merit award from Ibrahim Babangida, he was also selected as the Nigeria chamber commerce industrialist of the year and a whole lot of other awards both from the United kingdom. You should know that Orji Uzor Kalu went back to school even while running his business again, he went to the Abia State University where he got a degree, he furthered on to the Harvard University where he got a certificate in Business Administration and an honorary doctorate from the University of Abia and Maiduguri. At the age of 33, Kalu was able to head First National Bank Limited and this was at the age of 33, he was able to work furthermore on his company which resulted in a lot of new beginning for him.
Going into politics, Kalu has always been a student activist right from his university days and he has seen himself being able to lead his people and take them out of bondage and insecurity and help kill out unemployment rate in his state. His business was able to make a way for his people, as a lot of jobs were given out there to them. In the year 2007, he was arrested by the Economic and Financial Crime Commission (EFCC) and during this period he was serving as the Governor of Abia state, he was released on bail. At that period of time, Kalu received so much attention from the media and he accused the Obasanjo government of persecuting him during and after his tenure in office. Even after this period Kalu has still been involved in politics, has he has been a very staunch supporter of Muhammadu Buhari who is the current president of Nigeria, he calls him a close friend and father and he said he deserves all the support to make Nigeria better again.
Humanitarian Movement and Net Worth
Apart from supporting the aspect of politics, you should know that Kalu has been a supporter of the Njiko Igbo movement, this is a movement to help secure the presidential seat for an Igbo Nigerian citizen since an Igbo has not ruled Nigeria and the only time this has happened was just for six months. He started out this movement and since expanded it to different parts of the world. Kalu has made several plans for Nigeria, he has been investing and making sure his business goes worldwide, at a certain period of time, he announced the plans of producing the first made Nigeria phone and this was a big step up for the Nigeria tech market, but we believe those plans are still in progress. Talking about his personal life, you should know that he is married to Mrs. Ifeoma Ada Menakaya and this was in 1989 in Abia state and they have four children. For a man like Kalu, you would want to know about his net worth, he has been able to achieve much for himself and he said to be having a net worth of about $400 million and this is a huge amount as he is among the top 10 richest men in Nigeria.
In conclusion, we have given you details about Orji Uzor Kalu net worth, his biography, company, asset details, how he started up his business, political ambitions and everything which you need to know about him. You should know that starting up a business might be quite difficult at first, but with time, you will be able to scale through.
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