Ifeanyi Ubah is a business tycoon of Nigeria. He is the CEO of a company Capital Oil He founded that company in 2001. He is a business man, entrepreneur and politician. His net worth is estimated at $1.7 Billion.
Early Life and Bio
Ifeanyi Ubah was born on September 3, 1971 in the area Otolo, which is a small town in Nnewi, Anambra State, Nigeria. He was born as a first child of his parents who later had 6 other children.
Since he was a part of large family, his parents were not able to pay for his educational expenses, so he dropped out of Okongwu Memorial Grammar School, in Nnewi, Anambra State at quite a young age.
He was to learn trade and so he started spending his time with trade. However, due to his passion to learn and be educated, he attended several seminars in leadership and business administration and business management. He has even attended various international business courses.
When his early apprenticeship was completed, Ifeanyi had become an expert in the dealing of spare parts and motor tires. He had become an international exporter of these items and had been working in areas like Ghana, DR Congo, Liberia and Sierra Leone.
Later he had gone enough confidence and exposure, that he was able to expand his work to countries in Europe like Belgium and United Kingdom. He had developed enough vision to figure out where to invest money.
Later, he founded the oil and petroleum company that goes by the name Capital Oil and Gas Limited as he saw it to be a promising area of development in later years.
The business kept on growing and his effort were bearing fruit with every passing year to the extent that now it has a capacity to produce and berth 3-6 vessels simultaneously along with 32 loading arms. He became one of the largest distributors of oil related products in the whole of Nigeria.
He started a newspaper with the name: The Authority, in Nigeria. He has also owned a football club with the name Ifeanyi Ubah F.C. in the national league: Nigeria Premier League.
In 2014, he tried his luck in politics but was unsuccessful at the at the 2014 Anambra gubernatorial elections. He contested under the platform of the Labor Party. He runs a foundation with the name Ifeanyi Ubah Foundation, in which they grant scholarships to deserving students.
He is married to a graduate in business administration, Uchenna Ubah. She got her degree from Ahmadu Bello University. Together, they have been blessed with 5 children. His website is: ifeanyiubahgovernor.com
Net Worth of Ifeanyi Ubah
He has a net worth of 1.7 Billion US Dollars. Being a billionaire, he is also the chairman of a few more companies other than his founded Capital Oil Ltd.
Some of the companies are: Chevron Oronite & Chemical Company Ltd in South Africa, Hero Communications Ltd, Oil force Nigeria Ltd, Commodity Giants Nigeria Ltd, American Hospital Ltd, Oil force Nigeria Ltd and Capital Group Congo S.a.r.l in the DR Congo.