Atiku Abubakar Net Worth 2020, Wealth And Assets

Tag along in this interesting piece on Alhaji Atiku Abubakar Net worth 2020 (GCON), Wealth and Assets. The Waziri of Adamawa was born on the 25th of November 1946. He is a Nigerian politician, businessman and also a philanthropist, who has served as the first executive Vice-President of the country in the 4th Republic after the country returned to civilian rule in 1999. He served under President Olusegun Obasanjo as Vice-President from the year 1999 to 2007, on the Platform of the Democratic People’s Party (PDP). He is a great statesman and spent his younger years serving in the customs. He hails from Adamawa state in Northern Nigeria and he is set to challenge President Muhammadu Buhari in the general elections of next year after he emerged the Presidential candidate of the leading opposition party, PDP. 

Atiku Abubakar Net Worth 2020 Assets And Wealth

  • Name: Alhaji Atiku Abubakar GCON
  • Former Nigerian Vice President
  • Date Of Birth/Age: 25th November 1946 / 71 Years Old
  • Estimated Net Worth/Wealth {Forbes}: $1.4 Billion
  • State Of Origin: Adamawa State
  • Geopolitical Zone: Nort Central
  • Occupation: Politician, Businessman, – PDP Presidential Aspirant

News Bio


Atiku Abubakar was born on the 25th of November 1946 and hails from Adamawa state. He worked in the Nigerian Customs Service for a total of twenty years, rising to the post of Deputy Director which was the second-highest position in the service as of then. 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 of 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. 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).


Atiku Abubakar is the son of late Garba Abubakar, an itinerant trader, and farmer, and his second wife, Aisha Kande, in Jada village in the present-day Adamawa State, formerly Gongola State. Atiku Abubakar was named by his paternal grandfather, Atiku Abdulkadir. Atiku is the only son of his parents who divorced before his father drowned in the year 1957. The early years of Atiku were spent in Kojoli village, about 30 kilometers east of Jada. His mother, Aisha later remarried but she died of a heart attack in the year 1984.


Just like other men of his generation, Atiku’s father was opposed to Western education and did his best to keep Atiku out of the mainstream school system. When the government of then discovered that Atiku was not going to compulsory school, his father was jailed for a few days until Atiku’s mother, Aisha Kande paid the required fine. At age eight, 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.


While Atiku Abubakar was at Idi-Iroko, he met 19-year-old Titilayo Albert, whom he secretly married in the month of December 1971 in Lagos simply because his family had initially opposed the union. 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. Ladi 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.


His first foray into the world of politics was in the early 1980s when he worked for the governorship ambition of Alhaji Bamanga Tukur. 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 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.


The wealth of Alhaji Atiku net worth is estimated to be in the region of $1.4 billion currently.


Atiku Abubakar’s foray into the business world started in the real estate sector during his days as a customs officer. In the year 1974, he applied for and was able to obtain a loan of 31,000 Naira to build his first house in Yola, which he then rented out. 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. The business went through rough patches and eventually shut down in 1986. After this, he ventured into trade, buying and selling trucks loaded with rice, flour, and sugar. 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.


This is all about the assets, wealth, businesses, and net worth of the current PDP presidential aspirants. I’m sure you will want to know about the wealthiest politicians in Nigeria currently.