Atiku Abubakar Net Worth 2022, Wealth And Assets

Alhaji Abubakar is a long-time public servant, businessman, and politician. Atiku Abubakar’s Net worth and assets are all publicly known; as a public servant, his biography has been publicly reviewed by researchers and ordinary members of the public. He is immensely rich, and his wealth spans several sectors of the Nigerian economy.

Aside from this immense wealth, he is one of the most influential personalities in Nigeria; with a sphere of influence that cuts across all tribes and geopolitical zones. Atiku Abubakar has contested for the office of the President of the Federal Republic of Nigeria several times.

He was the vice president of Nigeria for 8 years; during the presidency of former President Olusegun Obasanjo. Atiku Abubakar has gained a reputation as one of the most liberal politicians from the north; he is quite outspoken about core issues affecting the nation.

Atiku Abubakar Net Worth 2022 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

 

  • BIOGRAPHY

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 at 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).

  • EARLY LIFE

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.

  • EDUCATION

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.

ATIKU ABUBAKAR WIFES AND FAMILY

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, and Aliyu who were named after her late father, Asmau, Mustafa, Laila, and Abdulsalam. He married his fourth wife, Fatima Shettima in the year 1986. Fatima gave birth to 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 name to Jamila Atiku Abubakar. Jennifer gave him children named, Abdulmalik, Zara, and their youngest son, Faisal.

  • POLITICS

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.

Atiku Abubakar Net Worth And Assets

Atiku Abubakar is estimated to be worth around $1.8 Billion. His sources of wealth are diverse investments spread through real estate, industry, and other investments.

Real Estate:

When Atiku Abubakar was a young officer in the Nigeria Customs Service; he took out a bank loan in 1976 for the sum of 31,000 with which he built a house in Yola. He then put the house up for rent, and with the proceeds of the rent, he bought another plot of land. With that process, Alhaji Atiku Abubakar built up significant real estate holdings in Yola, Lagos, Abuja, and the United States.

Logistics:

While still a Customs Officer serving at the Apapa Port in Lagos, Alhaji Atiku Abubakar was invited by an Italian investor named Gabrielle Volpi to set up a logistics business to transport containers from the port to various locations around the country. The company was called Nigeria Container Services (NICOTES), and is now called Intels Nigeria Limited.

This Logistics company is now one of the biggest sources of wealth for Alhaji Atiku Abubakar; it is a multibillion naira company with thousands of workers. The company also leases out heavy machinery such as cranes, forklifts, pipe handlers, generators, trucks, trailers, and other specialized services, port facilities, and even personnel.

Adama Beverages Limited

ADAMA Beverages Limited produces and distributes liquid products such as sachet water pouches, table water, 20ltrs dispenser jar bottles, and other premium products such as fruit juices, and other beverages. The company is wholly owned by a private consortium.

American University of Nigeria (AUN)

American University of Nigeria (AUN) is a private university in Yola, Adamawa State, Nigeria. The university was established in 2004, by the former Vice President of Nigeria; Alhaji Atiku Abubakar.

The University is in a rural setting and is very well run. This university is fully accredited by all relevant government agencies in the country and is reputed to offer high-quality education.

The staff strength and student body is not known, but the scale and structure of the university depict an ambitious project; one that is large, and that is very relevant.

Mikano Generators      

Mikano is a brand that is known in Nigeria to produce and distribute high capacity diesel generators, used in medium to large-scale enterprises, as well as in private estates and other such places in need of power. Mikano is the most popular power brand in Nigeria; the company is the highest-selling high-capacity power generator producer in Nigeria.

Mikano also serves as an official distributor for Hyundai Engineering & Construction. The company distributes Equipment and Forklifts;  Hydraulic Excavators, Wheel Loaders, Skid Steer Loaders, Backhoe Loaders, and other such products.

Agriculture

Atiku Abubakar is a farmer; it is unclear exactly how much of Atiku Abubakar’s Net Worth is tied to farming, but records show that he has extensive investments in agriculture. However, Alhaji Atiku Abubakar stated that his first attempt at farming ended in failure; In 1981, he acquired 2,500 hectares of land near Yola to start a maize and cotton farm, but it soon closed.

He has since restarted the farm; Atiku’s farm produces maize, tubers, and cotton.

Atiku Abukar Assets And Possessions

Alhaji Atiku Abubakar has houses all over the country, and he also has a magnificent mansion in the U.S state of Maryland. This Mansion is fit for royalty; it is a 7-bedroom building, located on a fenced and gated property.

Alhaji Atiku’s fleet includes more than 10 Land Cruiser Prado SUVs, (he goes around in a convoy) as well as Range Rover SUVs, and the occasional Mercedes-Benz S-Class with which he makes social appearances. He also owns a Mercedes-Benz G-Wagon and Lexus LX 570 SUV.

Atiku also has Maserati Ghibli; which is an expensive vehicle that costs about $74,740 (₦31,044,753.80).

Atiku Abubakar also has a private jet; it is an Embraer Phenom 100 which is estimated to be worth $6 million.

Atiku Abubakar’s Profile

Atiku Abubakar was born on 25th November 1946 in Jada, a village that was then under the administration of the British Cameroons, but which later became part of Nigeria in 1961. He attended the Jada Primary School, Adamawa, and Adamawa Provincial Secondary School.

For a short time after that, he attended the Nigeria Police College in Kaduna, but he was forced to leave because he was unable to present an O-Level Mathematics result. He then worked briefly as a Tax Officer in the Regional Ministry of Finance, and from there he went on to study at the School of Hygiene in Kano.

He obtained a diploma, and then went on to obtain a Law Diploma at the Ahmadu Bello University Institute of Administration. His studies were sponsored by the regional government.

After graduation, he was employed by the Nigeria Customs Service. He worked with the Customs Service for about 20 years, rising to the position of Deputy Director; the second-highest position at the time.

It was during his career with the Nigeria Customs Service that he made connections that would see him become one of the biggest investors and businessmen in Nigeria with interests in agriculture, property development, logistics, equipment, and education.

Atiku Abubakar’s Political Career

Alhaji Atiku Abubakar has had a long and eventful career as a politician. As far back as 1993, he contested for the Presidential Primaries of the Social Democratic Party SDP, but lost to the eventual winner of the election; Moshood Abiola, and his running mate Baba Gana Kingibe.

He contested the Presidential Election as the candidate of the Action Congress in 2007, coming in third to Umaru Yar’Adua of the PDP and Muhammadu Buhari of the ANPP.

Atiku Abubakar also contested the presidential primaries of the People’s Democratic Party in 2011, but once again he lost, this time to incumbent President Goodluck Jonathan.

He left for the All Progressives Congress (APC), and he contested the primaries but lost to Muhammadu Buhari.

He went back to the PDP and ran for president during the 2019 presidential election. He lost to the incumbent President Muhammadu Buhari.

In May 2022, he emerged as the presidential candidate of the Peoples Democratic Party for the 2023 Nigerian presidential elections.

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Finally

Alhaji Atiku Abubakar is a wealthy public servant, farmer, businessman, politician and statesman. He is one of the few Nigerians rich enough to own a private jet, and he has several luxury vehicles. His business interests include agriculture, education, transportation, real estate, and so on.

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.