Ifeanyi Ubah Net Worth 2020 and Biography. In the Nigerian business world, the name Ifeanyi Ubah is a well-known one as he doubles as both a business mogul and an entrepreneur. Ifeanyi was born in Nnwewi and he is currently one of the top Nigerian billionaires. He is the Managing director of Capital Oil & Gas, he is also the sole owner of Ifeanyi Ubah football club.
Ifeanyi Ubah Net Worth 2020 and Biography
- Full Name: Ifeanyi Patrick Ubah
- Date Of Birth: September 1971
- Ifeanyi Ubah Net Worth in Dollars: $1.7 Billion
- Profession: Business Man
- Marital Status: Married
- State Of Origin: Anambra State
- Country Of Origin: Nigeria
EARLY LIFE AND BACKGROUND
Ifeanyi Patrick Ubah was born on the third day in the month of September, in the year 1971. He was born to the family of Mr. Alphonsus Ubah who was a teacher with petty salary. Being under the care of a teacher round the clock made Ifeanyi a better person as lots of good moral virtues were imbibed in him. In a bid to give Ifeanyi and his siblings good and proper education, his parents set apart a huge percentage of their income that’s to go into their tuition, Ifeanyi ended up attending the prestigious Okongwu Memorial Grammar School, through the struggles, to make ends meet, Ifeanyi’s parents
ensured he developed an independent mind, one that isn’t restricted to the box drawn by societal norms, values, and culture. This special upbringing made Ifeanyi take it upon himself to help out with his siblings tuition no matter how little, this eased the load on his
parents a bit.
Ifeanyi’s firm resolve to participate directly in meeting the diverse needs of the family was not entirely a happy experience for his parents. Although it was an encouraging and welcome development and a relief for his father, the head of the family specifically expressed his grave concern at the terrifying and threatening risk of an uncertain future for the family. However, Ifeanyi quietly and optimistically assured his father that he would make him proud in the long run; that he would assume the responsibility of looking after the well-being of the whole family and that he would equip himself and
In fulfilling its visionary agreements for teenagers and their parents’ guarantees, as well as a focused determination reflecting the boundless and tireless energy dedicated to the pursuit of the extraordinary and extraordinary achievements, Ifeanyi has remained
tireless in his pursuit of the acquisition of knowledge and self-development; As a result, he attended several high-level local and international courses and seminars on leadership and business administration. Driven by zeal to improve, equip and strengthen himself to overcome the obstacles of the 21st century, Ifeanyi Ubah enrolled in the renowned management program and prestigious owners / the presidents management programme at Harvard University, Massachusetts, The United States – An Ivy League institution, and he came out in flying colors.
Surprisingly, given the resolute determination of Patrick Ifeanyi Ubah and the quick resolution to directly face the challenges of life as well as his passion to achieve significant success in his field of human activity, Patrick Ifeanyi Ubah succeeded despite all odds. Due to his results-oriented achievements and Nigerian-economy-focused
contributions, he was conferred with a well deserved honorary doctorate of Management Technology (DMT) by the Federal University of Technology, Owerri (FUTO), State of Imo.
Undoubtedly, the intimidating success profile of Ubah was not achieved by chance or by any act of accident, but is the result of a goal-oriented, rooted in the determination of life, perseverance and strong exemplary commitment to prevailing, Coping with daunting circumstances and challenges of course, his great success story has
its roots at the age of 18. He has patiently begun to climb the ladder of entrepreneurial and entrepreneurial success; first as an apprentice, and then continued to build a network of successful regional business ventures. His early commercial engagements brought him to neighboring West African countries, which included Ghana
significantly. Following his remarkable initial success, his earnings were estimated to be around a million Naira at the very young age of 19.
CAREER AND LIFE
Ubah became a household name within a short period of time as an important figure in the booming tyres of Nigeria’s export trade to Ghana and player of notable merchant products supplied to Ghana, which included Kingsman Enterprises. The profits of this lucrative enterprise were ingeniously reinvested, among other things, in the
purchase of their first home in Ghana. The following commercial destinations were Liberia and Sierra Leone. However, the civil unrest in Liberia had a negative impact on Ubah’s trade interests in West Africa and served as the first test for Ubah in the fluid and
unpredictable business environment. The civil war in Liberia finally forced Ifeanyi Ubah to move to Lagos, Nigeria, and restructure their strategies.
Ubah specifically carved a niche for himself within a short period of time as a major player in the booming tyre export trade from Nigeria to Ghana and supplied the products to notable traders in Ghana which included Kingsman Enterprises. The proceeds of this lucrative venture were ingeniously reinvested in, amongst other things, the purchase of his first house in Ghana. The next business destinations were Liberia and Sierra Leone. The civil war in Liberia, however, had an adverse effect on Ubah’s trans-West African business interest and served as the first test-case for Ubah in the unpredictable and fluid business environment. The civil unrest in Liberia eventually forced Ifeanyi
Ubah to relocate to Lagos, Nigeria, and to re-strategize.
For the most part, the strategic response Ifeanyi Ubah applied was the lateral and vertical expansion of his business interests to include automobile parts supplies in the Democratic Republic of Congo (DRC), which later served as the host country and the main base of commercial activities on the African continent for a reasonable period. In
addition to reviving his activities and opening up new trade routes, the gifts and talents of Ubah were also expressed in the leadership qualities exhibited in the Democratic Republic of the Congo, which put him in the spotlight and ultimately catapulted him to the position of “President of the Nigerian Community”, at a relatively young age. As
president of the Nigerian community in the Democratic Republic of Congo, Ubah’s new duties and responsibilities made it difficult to make provision of food and shelter to hundreds of Nigerian refugees who had fled the neighboring Congo Brazzaville because of political crises and the instability that has swept the nation.
In the Democratic Republic of Congo, Ifeanyi’s commercial commitments had flourished and prospered enormously. His foray into supplying auto parts have been rewarding. The effort elevated him to the status of a major importer of auto parts, new opportunities had been created and Ifeanyi cleverly and creatively exploited them by participating in
various fairs and exhibitions mounted by automakers and distributors in places like the Automotive Industry Week in Las Vegas, USA and Automechanika, in Frankfurt, Germany. From the Democratic Republic of Congo, Ubah had also established a strong presence in the United Kingdom, Belgium, South Africa, Dubai, the United Arab Emirates and a number of other potential and lucrative locations. The following
companies and major organizations engaged and, as a result, were home to important mutually beneficial business deals with Ifeanyi Ubah: AE, Payen, Kolben Co. and Anglo American Industrial Cooperation in South Africa. In Europe, Belgolaise (Brussels), Belgium, and AE Automotive (Leeds) in the UK, were other notable partners of Ubah’s fast-growing companies.
Mainly, the definitive emergence of Ifeanyi Ubah as a businessman and the magnet of oil and gas as well as an entrepreneur with an internationally recognized power grasp, dates back to his far-sighted, strategic and visionary to accept decisive challenges and risks, but also the potential opportunities he had exploited in the oil and gas
With the creation of Capital Oil SPRL in the Democratic Republic of Congo, Ubah effectively used this to facilitate their relations and activities in the oil and gas sector, Ubah laid the foundation, in retrospect of his future business empire (unquestionably the backbone of Ubah mega million Naira business). His business relationship and
dealings with Ibeto Petrochemical Nigeria Limited in the oil and gas sectorhas been very important and especially proved very rewarding, providing the Ubah platform to acquire products to provide SPRL Capital Oil customers in the DRC, which includes government agencies.
Following the situations that surrounded his relocation to Lagos, Nigeria, Ifeanyi typically fled to Nigeria due to the political instability and armed conflict in the Democratic republic of Congo, on setting foot on the Nigerian soil, he established a new base to
continue his business operations. Despite the sudden change experienced in relocating to a new and more complex business environment and lawn in Nigeria, Ifeanyi recovered and quickly adapted to the requirements of the volatile oil and gas company in Nigeria, courtesy of his mentor Cletus Ibeto, who provided logistical support to Ubah companies and also guided Ifeanyi on the complexities of the oil and gas climate in
Ifeanyi Ubah Net Worth In Dollars
For interested readers, wondering how much is Ifeanyi Ubah worth, he currently has an estimated net worth of $1.7 Billion.
In 2003 and 2004, through strategic, analytical, visionary and extraordinary skills, Capital Oil ventured into the haulage, transportation and retailing of petroleum products. In 2006, Capital Oil built its first strategic depot and commissioned the facility in
March 2007. The second deposit was successfully completed a year later in 2008, and in 2010, the third depot was added. In 2011, the number of Capital Oil strategic deposits increased to four.
He is the founder of The Authority Newspaper, a Nigerian newspaper and also the owner of Ifeanyi Ubah F.C., a football club of the Nigerian Premier League after it’s purchase as Gabros International Football Club.
In 2014, Ifeanyi Ubah unsuccessfully contested for the governorship seat in Anambra 2014 states under the canopy of Labor Party.
Ifeanyi Ubah is married to Uchenna Ubah, a business administration graduate from Ahmadu Bello University, with whom he had five children. He also runs a foundation called Ifeanyi Ubah Foundation.
That’s all about Ifeanyi Ubah Net Worth and Biography
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