Atiku Abubakar Net Worth
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Who is Atiku Abubakar, and what is he famous for?
Atiku Abubakar is a famous Nigerian politician and businessman who served as Olusegun Obasanjo’s vice president from 1999 to 2007
He ran for governor of Adamawa State three times before becoming Olusegun Obasanjo’s running mate in the 1999 presidential election and winning re-election in 2003. In each of those elections, he was elected.
Atiku Abubakar ran for president of Nigeria five times, in 1993, 2007, 2011, 2015, and 2019. He ran for president of the Social Democratic Party in 1993 but lost to Baba Gana Kingibe and Moshood Abiola.
In 2007, he finished third in the Action Congress presidential primary, trailing Umaru Yar’Adua of the PDP and Muhammadu Buhari of the ANPP.
He ran in the People’s Democratic Party’s presidential primaries 2011 but lost to incumbent President Goodluck Jonathan.
He joined the All Progressives Congress in 2014, before the 2015 presidential election. He ran in the presidential primary but was defeated by Muhammadu Buhari.
In 2017, he rejoined the Peoples Democratic Party and ran as its presidential candidate in the 2019 election, losing yet again to incumbent President Muhammadu Buhari.
In May 2022, he was chosen as the Peoples Democratic Party’s presidential nominee for the general election of 2023, defeating Nyesom Wike, the incumbent governor of Rivers State.
One of the most successful Nigerian Businessmen, Atiku Abubakar Net Worth today is estimated to be $2 Billion, equivalent to 1.5 Trillion Naira in Nigeria Currency according to 2024 Update.
Atiku Abubakar’s Net Worth & Political Career
In the early 1980s, Abubakar made his political debut by campaigning for governor alongside Bamanga Tukur, then-head of the Nigeria Ports Authority. In addition to donating money to the Tukur campaign, he canvassed for Tukur votes.
Later in his career with Customs, he met General Shehu Musa Yar’Adua, the Supreme Headquarters’ Deputy Chief of Staff from 1976 to 1979.
Yar’Adua invited Abubakar to regular political gatherings in his Lagos home, which gave rise to the People’s Front of Nigeria.
The People’s Front included Umaru Musa Yar’Adua, Baba Gana Kingibe, Bola Tinubu, Sabo Bakin Zuwo, Rabiu Kwankwaso, Abdullahi Aliyu Sumaila, and Abubakar Koko.
On the eve of establishing the Third Nigerian Republic in 1999, Abubakar was elected the Peoples Front of Nigeria’s National Vice-Chairman.
Abubakar was elected to represent his district at the Constituent Assembly, convened in 1989 to draft a new constitution for Nigeria.
The People’s Front merged with the newly formed Social Democratic Party after the military government refused to register it (none of the applied groups were reported).
On September 1, 1990, Atiku Abubakar launched his campaign for governor of Gongola State. A year later, the Federal Government divided Gongola State into Adamawa and Taraba States, making elections impossible.
Abubakar arrived in Adamawa, a brand-new state. As a result, he won the SDP primaries in November 1991, but he was quickly barred from running in subsequent elections by the government.
In 1993, Abubakar ran for president in the SDP primaries. After the first round of voting in the Jos primaries, Moshood Abiola received 3,617 votes, Baba Gana Kingibe received 3,255 votes, and Abubakar received 2,066 votes.
They considered pooling their 5,231 votes to challenge Abiola but ultimately declined. Nonetheless, after Shehu Yar’Adua asked him to withdraw from the campaign, Abiola promised to make Atiku Abubakar his running mate. Later, SDP governors pressured Abiola to select Kinigbe as his running mate in the upcoming presidential election on June 12.
After the death of General Sani Abacha on June 12, Abubakar expressed interest in running for governor of Adamawa State as a member of the United Nigeria Congress Party.
Before being sworn in as governor, Abubakar accepted a position as the PDP presidential candidate, former military head of state General Olusegun Obasanjo, who went on to win the 1999 presidential election and usher in the Fourth Nigerian Republic.
Abubakar joined the Peoples Democratic Party (PDP) in 1998 and won the governorship elections in Adamawa State in December 1998.
The Famous Nigeria Politician Atiku Abubakar Net Worth today is estimated to be $2 Billion, equivalent to 1.5 Trillion Naira in Nigeria Currency as of the 2024 Update.
Atiku Abubakar Biography, Family & Education
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Atiku Abubakar was born on November 25, 1946, in the village of Jada, which was then governed by the British Cameroons. After a referendum in 1961, the territory joined the Federation of Nigeria. His mother was Aisha Kande, and his father, Garba Abubakar, was a Fulani trader and farmer.
He was given the name Atiku Abdulqadir in honor of his paternal grandfather, who is from Wurno, Sokoto State, and moved to the village of Kojoli in Jada, Adamawa State.
Inuwa Dutse, his maternal grandfather, moved to Jada, Adamawa State from Dutse, Jigawa State. He became the only child of his parents when his only sister passed away in infancy.
His father drowned in 1957 while traveling from Jada’s neighboring village of Toungo across a river.
Atiku Abubakar’s father opposed the idea of Western education and worked to keep him out of the conventional educational system.
Abubakar’s father was detained for a few days by the government while waiting for Aisha Kande’s mother to pay the fine after discovering that he was skipping out on required schooling. Abubakar began attending the Jada Primary School in Adamawa when he was eight.
He entered Adamawa Provincial Secondary School in 1960, the same year he finished primary school, along with 59 other students.
After earning a grade three on the West African Senior School Certificate Examination, he completed secondary school in 1965.
Abubakar spent a brief period studying at the Nigeria Police College in Kaduna after finishing secondary school. When he could not provide an O-Level Mathematics result, he had to leave the college.
He briefly worked as a tax officer in the regional finance ministry before being admitted in 1966 to the School of Hygiene in Kano.
After serving as the school’s interim student union president, he received a diploma in 1967.
On a scholarship provided by the local government, he enrolled in the Ahmadu Bello University Institute of Administration in 1967 to pursue a Law Diploma.
He worked for the Nigeria Customs Service following graduation in 1969, which coincided with the Nigerian Civil War.
Abubakar completed his Master’s in International Relations at Anglia Ruskin University in Cambridge, United Kingdom, in 2021 and passed the program with honors.
Atiku Abubakar Net Worth today is estimated to be $2 Billion, which is equivalent to 1 Trillion Naira according to the 2024 Update
How much is Atiku Abubakar Net Worth in 2024 by Forbes?
Atiku Abubakar Net Worth today is estimated to be $2 Billion, equivalent to 1 Trillion Naira in Nigeria Currency, according to our research at Networth202.com. We found out that the famous Nigerian Politician has made it big through his Various Businesses and Political Ventures
Atiku Abubakar Business Career & Companies
Abubakar worked for the Nigeria Customs Service for twenty years, eventually rising to Deputy Director (the second highest position then) before retiring in April 1989 to devote full time to business and politics. He was a real estate agent before becoming a Customs Officer.
In 1974, he obtained his first rental house in Yola after applying for and receiving a loan of 31,000 naira. He used the rental income to buy another lot and build another house.
He persisted, eventually amassing a substantial estate portfolio in Yola, Nigeria. His first venture into agriculture was establishing a maize and cotton farm on 2,500 hectares of land he purchased in the Yola area in 1981.
In 1986, the company declared bankruptcy and closed its doors for good. “In the 1980s, my first foray into agriculture failed,” he wrote in an April 2014 blog. He then began trading, purchasing, and selling truckloads of rice, flour, and sugar.
Abubakar struck his most profitable business deal as a Customs Officer at Apapa Ports. Gabrielle Volpi, an Italian businessman in Nigeria, invited him to establish Nigeria Container Services (NICOTES), a logistics company based in the ports. As a result of the transformation of NICOTES into Intels Nigeria Limited, Abubakar would become extremely wealthy.
Abubakar helped establish Intels Nigeria Limited, a global oil services company.
Atiku’s other business interests are centered in Yola, Adamawa, and include the Adama Beverages Limited, a beverage manufacturing plant in Yola, an animal feed factory, and the American University of Nigeria (AUN), Sub-Saharan Africa’s first American-style private university. He retired from teaching in April 1989 to devote his full time to business and politics.
Since then, he has faced allegations of conflict of interest due to his business activities while holding a position of supervisory authority in the public sector.
Abubakar has defended the decision, claiming that despite owning shares in the company, he was not involved in its day-to-day operations (which was permitted by government regulations).
During his tenure as vice president, the US government accused Abubakar, then known by his company name NICOTES, of massive money laundering.
Atiku Abubakar Net Worth, Wives & Children
Abubakar has 28 children from his four wives. Atiku elaborates: “I wanted to expand the Abubakar family. I suffered from severe loneliness as a child. I didn’t have a sister or a brother.
He continued, I didn’t want my children to feel lonely like I did. This is why I married multiple wives. My wives are the ideal blend of my sisters, friends, and advisors.”
He secretly married Titilayo Albert in Lagos in 1971 because her family initially opposed the union. He and she had four children: Fatima, Adamu, Halima, and Aminu. In 1979, he married his second wife, Ladi Yakubu.
His six children with Ladi are Abba, Atiku, Zainab, Ummi-Hauwa, Maryam, and Rukaiyatu. Abubakar later divorced Ladi, allowing him to marry Jennifer Iwenjiora Douglas as his fourth wife, the maximum permitted by Islam.
Princess Rukaiyatu, daughter of Adamawa’s Lamido, Aliyu Mustafa, was his third wife, whom he married in 1983. Her children are Aisha, Hadiza, Aliyu (named after her late father), Asmau, Mustafa, Laila, and Abdulsalam.
In 1986, he married his fourth wife, Fatima Shettima. Her children include Amina (Meena), Mohammed, the twins Zainab / Aisha, Ahmed / Shehu, and Hafsat.
On Tuesday, February 1, 2022, Jennifer Douglas gave Abubakar written confirmation of her divorce. She claimed that their relationship ended due to disagreements over her continued residence in the United Kingdom, among other long-standing issues.
Atiku Abubakar Net Worth today is estimated to be $2 Billion, which is equivalent to 1.5 Trillion Naira in Nigeria Currency, according to a Forbes update
Atiku Abubakar Vice President Tenure & Controversy With Obasanjo
Abubakar was sworn in as Vice President of Nigeria on May 29, 1999. While serving as Chairman of the National Economic Council and head of the National Council on Privatization during his first term, he and Nasir El Rufai oversaw the sale of hundreds of poorly managed and loss-making public enterprises.
During Abubakar’s second term as vice president, he and President Obasanjo had a contentious relationship.
In 2006, Abubakar had a public feud with his superior, President Olusegun Obasanjo, ostensibly over Obasanjo’s attempt to change the constitution so that he could run for reelection (Third Term Agenda).
Conflict flared up briefly within the People’s Democratic Party due to the controversy surrounding the failed constitutional amendment. Ultimately, the National Assembly rejected the changes that would have allowed Obasanjo to seek reelection.
Before the 2007 elections, Abubakar switched from the People’s Democratic Party (PDP) to the Action Congress of Nigeria (ACN) after he and his boss, Olusegun Obasanjo, had a falling out in 2006.
Atiku Abubakar Presidential Runs So far in his Career
After losing the 2007 elections, Abubakar rejoined the People’s Democratic Party. In October of 2010, he declared his candidacy for President.
On November 22, he was selected as the Northern Consensus Candidate by a Committee of Northern Elders, who chose him over former Military President Ibrahim Babangida, former National Security Adviser Aliyu Gusau, and Kwara State Governor Bukola Saraki.
In January 2011, Abubakar ran for his party’s presidential nomination alongside President Jonathan and Sarah Jubril, but he finished third with 805 votes to Jonathan’s 2,736, losing the primary.
In August 2013, the Independent National Electoral Commission (INEC) officially recognized two new political parties. One of them was the Peoples Democratic Movement.
According to local media, Abubakar founded the party as a backup plan in case he could not run for president on the PDP ticket.
Although his “political associates” founded the PDM, Abubakar said in a statement that he was still a member of the PDP.
Abubakar formally switched political parties on February 2, 2014, leaving the Peoples Democratic Party and becoming a founding member of the All Progressives Congress to pursue his goal of running for president in the 2015 election.
The APC presidential primaries were held in Lagos, with the following results: Muhammadu Buhari received 3,430 votes; Rabiu Kwankwaso received 974 votes; Atiku Abubakar received 954 votes; Rochas Okorocha received 400 votes; and Sam Nda-Isiah received 10 votes.
On Friday, November 24, 2017, Abubakar announced his resignation from the All Progressives Congress (APC), and on Monday, December 4, 2017, he rejoined the Peoples Democratic Party (PDP).
He stated that now that the issues that had caused him to leave the PDP had been resolved, he felt he could “return home” to the party.
Abubakar launched his presidential campaign in 2018 and won the People’s Democratic Party (PDP) presidential nomination on October 7, 2018, in Port Harcourt.
He won the election with 1,532 votes, 839 more than the runner-up, Sokoto State Governor Aminu Tambuwal. Atiku Abubakar continued his campaign rally in Kogi State, where he previously promised to complete unfinished construction projects.
On February 27, Atiku lost the 2019 presidential election to Muhammadu Buhari by more than 3 million votes. As the “worst in Nigeria’s democratic history,” they petitioned the Supreme Court.
Atiku Abubakar 2023 Presidential Run & Controversies
On May 28, 2022, Atiku Abubakar won the Peoples Democratic Party’s presidential primary election at Abuja’s Moshood Abiola Stadium, narrowly defeating 12 other candidates.
He received 371 votes out of a possible 767, with Rivers State Governor Nyesom Wike coming in second with 237 votes. Former Nigerian Senate President Bukola Saraki received 70 votes, placing him in third place, and Akwa Ibom Governor Udom Emmanuel received 38 votes, putting him in fourth place.
Atiku Abubakar Corruption Controversy & Scandal
Jennifer Atiku Abubakar, Atiku’s wife, and William Jefferson were all implicated in a global bribery scandal. Commentators speculated that Atiku would miss his planned trip to the United States.
In a statement released in January 2017, the US government stated that it would need the politician’s permission before disclosing the actual status of his immigration to the US. The real reason, according to Abubakar, is that his visa is still being processed.
However, on January 17, 2019, Atiku and Bukola Saraki traveled to the United States with Brian Ballard.
Atiku Abubakar Traditional & International Titles, Honours
In 1982, Abubakar was bestowed the title of Turaki of Adamawa by his future father-in-law, Alhaji Aliyu Mustafa, the traditional head of Adamawa.
Previously, the position, which oversees the monarch’s domestic affairs, was reserved for the monarch’s favorite prince in the palace. In June 2017, Abubakar’s son Aliyu received the chieftaincy title of Waziri of Adamawa, replacing his Turaki title.
When the award was presented, Abubakar was named one of those who helped advance higher education on the African continent by the National Peace Corps Association.
According to the NPCA, Atiku Abubakar “has worked harder for democracy or contributed more to the advancement of higher education than any other private businessman in Africa.”
In 2012, Abubakar donated $750,000 to the National Peace Corps Association in the United States “to fund a new initiative featuring global leaders who will discuss the impact of Peace Corps.” It was the Association’s most significant single gift ever received.
How old is Atiku Abubakar? Height and Weight
The popular Nigerian politician known globally as Atiku Abubakar is reportedly in his 70s. He stands pretty tall. After we studied his height, we found out he stands at 6 feet 2 inches. Similarly, our report also shows his weight is around 79Kg
Is he alive or dead?
According to our research Networth202.com, he is still alive as of the 2024 update.
Watch Atiku Abubakar Recent YouTube Interview
Summary
- He was born on 25 November 1946 in Adamawa State, Nigeria
- His full name is “Atiku Abubakar”
- He served as Olusegun Obasanjo’s vice president from 1999 to 2007
- He ran for president of Nigeria five times, in 1993, 2007, 2011, 2015, and 2019.
- His net worth today is estimated to be $2 Billion, equivalent to about 1.5 Trillion Naira in Nigeria Currency as of the 2024 update.
- In May 2022, he was chosen as the Peoples Democratic Party’s presidential nominee for the general election of 2023
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