Net Worth

What is Atiku Abubakar net worth in 2022

You landed on this page because you want to know what Atiku Abubakar net worth is. Don’t worry in this article you will find out the net worth of Atiku Abubakar.

Before we delved into Atiku Abubakar net worth, you need to know who Atiku Abubakar is as well as his educational background, his political career and how he makes his money.

Let’s get started…

Who is Atiku Abubakar?

Atiku Abubakar is a Nigerian politician and businessman who served as the Vice President of the Federal Republic of Nigeria from 1999 to 2007 when Olusegun Obasanjo was the President. He ran as Governor of Adamawa State in 1990, 1997 and later, in 1998, being elected before becoming Olusegun Obasanjo’s running mate during the 1999 presidential election, he was re-elected in 2003.

Since Atiku Abubakar entry into politics in 1993, Atiku Abubakar has contested six times for the Office of President of Nigeria in 1993, 2007, 2011, 2015, 2019 and 2023.

How old is Atiku Abubakar?

Atiku Abubakar is 75 years old. He was born on the 25th of November 1946 in Jada, Adamawa state, Nigeria.

Jada is a village which was then under the administration of the British Cameroons, however, the territory later joined with the Federation of Nigeria in the 1961 British Cameroons referendum.

Atiku Abubakar Parents

The father of Atiku Abubakar is Garba Abubakar (an Hausa trader and farmer) and his mother was Aisha Kande.

Atiku Abubakar was named after his paternal grandfather Atiku Abdulqadir who hails from Wurno, Sokoto State and migrated to Kojoli village at Jada, Adamawa State, his maternal grandfather called Inuwa Dutse migrated to Jada, Adamawa State from Dutse, Jigawa State he became the only child of his parents when his only sister died at infancy. In 1957, his father died by drowning while crossing a river to Toungo, a neighbouring village to Jada.

Atiku Abubakar Education

Atiku Abubakar’s father was opposed to the idea of Western education, he tried to keep Atiku Abubakar out of the traditional schooling system.

When the government discovered that Abubakar was not attending mandatory schooling, his father spent a few days in jail until Aisha Kande’s mother paid the fine.

At the age of eight, Abubakar enrolled in the Jada Primary School, Adamawa. After completing his primary school education in 1960, he was admitted into Adamawa Provincial Secondary School in the same year, alongside 59 other students. He graduated from secondary school in 1965 after he made grade three in the West African Senior School Certificate Examination (W.A.S.S.C.E).

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After his secondary school education, Atiku Abubakar studied a short while at the Nigeria Police College in Kaduna. He left the College when he was unable to present an O-Level Mathematics result, and worked briefly as a Tax Officer in the Regional Ministry of Finance, from where he gained admission to the School of Hygiene in Kano in 1966. He graduated with a Diploma in 1967, having served as Interim Student Union President at the school.

In 1967 he enrolled for a Law Diploma at the Ahmadu Bello University Institute of Administration, on a scholarship from the regional government. After graduation in 1969, during the Nigerian Civil War, he was employed by the Nigeria Customs Service.

In 2021, Abubakar successfully completed and passed his Master’s degree in International Relations at Anglia Ruskin University, Cambridge, United Kingdom.

Atiku Abubakar Marriages and Children

Abubakar has four wives and twenty eight children. In 1971, he secretly married Titilayo Albert, in Lagos, because her family was initially opposed to the union. His children from her include:

  • Fatima
  • Adamu
  • Halima and
  • Aminu.

In 1979, he married Ladi Yakubu as his second wife. He has six children with Ladi which are:

  • Abba
  • Atiku
  • Zainab
  • Ummi-Hauwa
  • Maryam and
  • Rukaiyatu.

Atiku Abubakar later divorced Ladi, allowing him to marry, as his fourth wife (the maximum permitted him as a Muslim), Jennifer Iwenjiora Douglas.

In 1983, he married his third wife, Princess Rukaiyatu, daughter of the Lamido of Adamawa, Aliyu Mustafa. The children from her 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 and
  • The twins Ahmed and Shehu
  • The twins Zainab and Aisha
  • Hafsat.

Before we go into Atiku Abubakar net worth, it will be proper for you to know his businesses, because he also makes his money from business and politics.

Atiku Abubakar Businesses

Atiku Abubakar has been involved in a lot of businesses, below are the businesses he has been involved in:

  • Customs: Abubakar worked in the Nigeria Customs Service for twenty years, rising to become the Deputy Director, as the second highest position in the Service was then known; he retired in April 1989 and took up full-time business and politics. He started out in the real estate business during his early days as a Customs Officer. In 1974, he applied for and received a 31,000 naira loan to build his first house in Yola, which he put up for rent.
  • Real estate: In 1974, he applied for and received a 31,000 naira loan to build his first house in Yola, which he put up for rent. From proceeds of the rent, he purchased another plot and built a second house. He continued this way, building a sizeable portfolio of property in Yola, Nigeria. In 1981, he moved into agriculture, acquiring 2,500 hectares of land near Yola to start a maize and cotton farm. The business fell on hard times and closed in 1986. “My first foray into agriculture, in the 1980s, ended in failure,” he wrote in an April 2014 blog. He then ventured into trading, buying and selling truckloads of rice, flour and sugar.
  • Transportation: Atiku Abubakar’s most important business move came while he was a Customs Officer at the Apapa Ports. Gabrielle Volpi, an Italian businessman in Nigeria, invited him to set up Nigeria Container Services (NICOTES), a logistics company operating within the Ports. NICOTES would later go on to become Intels Nigeria Limited and provide immense wealth to Abubakar. Abubakar is a co-founder of Intels Nigeria Limited, an oil servicing business with extensive operations in Nigeria and abroad. Atiku’s other business interests are centred within 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), the first American-style private university to be established in Sub-Saharan Africa. He retired in April 1989 and took up full-time business and politics.
  • Involvement in business: Conflict of interest accusations has since trailed him on account of his involvement in business while a civil servant, who exercised supervisory authority. On his part, Abubakar has defended the decision, saying his involvement was limited to the ownership of shares (which government rules permitted), and that he was not involved in the day-to-day running of the business. His company NICOTES would later be rebranded into INTELS and would later go on to feature prominently in accusations of money laundering levelled against Abubakar by the U.S. government during his vice presidency.
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Now that we have known about his businesses, it is right for you to know Atiku Abubakar net worth.

What is Atiku Abubakar net worth?

The net worth of Atiku Abubakar is estimated to $2 billion. Atiku is one of the richest politicians in Nigeria. Although, he makes his money from politics and businesses.

If you want to be extremely rich in Nigeria, be involve in politics.

Well you may also check the net worth of Asiwaju Bola Tinubu if you want to know who is richer between both of them.

Now that you have known Atiku net worth, let us look at Atiku titles and honours.

Atiku titles and honours

  • Atiku traditional titles

In 1982, Abubakar was given the chieftaincy title of the Turaki of Adamawa by his future father-in-law, Adamawa’s traditional ruler Alhaji Aliyu Mustafa. The title had previously been reserved for the monarch’s favourite prince in the palace, as the holder is in charge of the monarch’s domestic affairs. In June 2017, Abubakar was giving the chieftaincy title of the Waziri of Adamawa, and his previous title of Turaki was transferred to his son Aliyu.

  • Atiku International honours

In 2011, while celebrating the 50th anniversary of the US Peace Corps in 2011, the National Peace Corps Association (NPCA) – an independent 501 (c) (3) nonprofit organisation, separate from the Peace Corps, that serves as an alumni association for Returned Peace Corps Volunteers – honoured Abubakar with the Harris Wofford Global Citizen Award. At the presentation of the award, the National Peace Corps Association described Abubakar as one individual who contributed to the development of higher education on the continent of Africa. “No private businessman in Africa has worked harder for democracy or contributed more to the progress of higher education than Atiku Abubakar,” the NPCA said. This was after, in 2012, when 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 Peace Corps’s impact.” It was the largest ever individual donation in the Association’s history.

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Atiku Abubakar Political Parties

Atiku has joined several political parties in order to fulfil his political ambition. Below are the list of the political parties he has joined over the years:

  • Peoples Front of Nigeria
  • (1989)
  • Social Democratic Party
  • (1989–1993)
  • United Nigeria Congress Party
  • (1997–1998)
  • Action Congress
  • (2006–2007)
  • All Progressives Congress
  • (2014–2017)
  • People’s Democratic Party (1998–2006; 2007–2014; 2017–present).

Some of Atiku Abubakar pictures are:

Conclusion on Atiku net worth

Below is the summary of the net worth of Atiku Abubakar;

Date of birth November 25, 1946
Age 75 years
State of Origin Jada, Adamawa state
Nationality Nigeria
Nickname Nil
Net worth $2 billion
Source of wealth Business and Politics
Ethnicity Hausa
Marital status Married
Spouse(s) Titilayo Albert,
Ladi Yakubu (divorced),
Jennifer Iwenjiora Douglas,
Princess Rukaiyatu, daughter of the Lamido and
Fatima Shettima
Religion Muslim

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