Atiku Abubakar: facts and net worth of the presidential hopeful



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Atiku Abubakar: facts and net worth of the presidential hopeful
Posted on: January 01, 2018, 11:25:54 AM

Atiku Abubakar is known as a popular Nigerian businessman and politician and much more because of his immense wealth.

How much is Atiku Abubakar's net worth, how does he manage to acquire that much money and what does he choose to do with it.

Atiku Abubakar is worth $1.6 billion according to statistics online.

How did he get this rich?

During Atiku's days at the Nigeria Customs Service (in 1974), he received a loan to build a house in Yola, which he then rented out. After repaying the loan and accumulating enough profit from the rent, he built another house.

He continued building until he had quite a few houses in Yola that brought him stream of revenue flow. Atiku then tried agriculture.

In 1981, he tried to start a cotton and maize farm, but was most a times unsuccessful, and he had to close it down in 1986.

Next with an Italian businessman ,Gabrielle Volpi, he created NICOTES - Nigeria Container Services. The company is now known as Intels, and it is an oil servicing business that has extensive operations inside and outside of Nigeria. This is probably  why he is so rich.

Atiku Abubakar is actually not like many other businessmen and politicians. He does not like to flash his undoubtedly expensive houses/cars/jets, even though he has opportunities to do so.

What does he chooses to do with his wealth?

Atiku Abubakar is said to be a philanthropist and much of his wealth goes to charity. He frequently donates large sums to various charities, organisations and causes. One of his most generous donations was to the National Peace Corps Association, United States. He donated $750,000 to the Association, which, unsurprisingly, was the biggest donation from one individual in its history.

Being so much in love with education, in 2013, Atiku was the sponsor of an essay contest for students, the goal of which was to gain a new perspective on resolving the challenges of Nigerian education.

In 2005, he established the American University of Nigeria in the capital of Adamawa State, Yola. The university uses American style to teach, has small classes and places emphasis on critical thinking and student participation and had even received recognition from Google.

He also issued scholarships to 15 victims of the Chibok kidnapping to help them receive the education they deserve.

Facts and profile of the philantropist

Atiku Abubakar was born on November 25, 1946, in Jada now a part of Adamawa state. He is named after his grandfather on his father’s side, Atiku Abdulkadir - This was customary among Fulani people which Atiku belong to name their first sons after paternal grandfathers.

Being an only child in his family,Atiku’s father did not want his son to be ‘corrupted’ by Western education, so he did not let him go to school for a while.

When grown up, maybe because of his lonely childhood, he opted for four wives. (He married five times, but he divorced one of his wives, Ladi). He has 26 children from all five women.

Before going into politics and business, Abubakar worked for the Nigeria Customs Service. He spent 20 years on the job and achieved the second highest rank in the Service’s.

Despite his age, Atiku seems to be very conversant on the Internet. He has his own website with a blog (, as well as accounts on Facebook ( and Twitter (@atiku) and had one time even tried Instagram, but the account is now abandoned.

Atiku Abubakar was the vice president of Nigeria in 1999-2007, during the tenure of Olusegun Obasanjo and currently, the man has expressed his desire to become the President of Nigeria! He ran for presidency in 1992, 2006-2007, and 2011, and he also planned to run in 2015 and as if he couldn't stop, Abubakar is planning to run in 2019.

Atiku Abubakar has jumped a lot between different political parties. He was a member of the PDP, the ACN and the APC, and has now returned to the PDP. 

He has definitely achieved a lot in his service to Nigeria and he is not planning to pause for a second.

Learn More! President Buhari: How much does he earns?

« Last Edit: September 21, 2018, 08:09:48 AM by Everest »

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