Atiku Abubakar is a Nigerian politician, a former vice president, and also a businessman, he is among the famous politicians in Nigerian. He ruled the city of Adamawa state twice before he becomes the vice president of Nigeria.
There is no doubt that Atiku Abubakar has a great reputation in Nigeria, his name is known in every home in corner of the nation. Atiku Abubakar has made several attempts in becoming the president of Nigerian but he didn’t succeed, he has been contesting for the presidency from 1993 to 2015 but he never worn.
A lot of people are curious about Atiku Abubakar's net worth, we all want to know how much exactly does he has. Well, when it comes to net worth Atiku Abubakar is super-rich he is even counted among the top 10 richest politicians in Nigeria.
In this post we are going to evaluate all of Atiku Abubakar's earnings and we are going to declare his net worth, also bear in mind that this net worth is more of a prediction, we only evaluate what the public knows and we declare his net worth.
This might not be his actual net worth but it will be close to his real net worth.
Let’s dive in
Atiku Abubakar Biography and political career
Atiku Abubakar was born and raised in the city of Jada, Adamawa state in the northern part of the country, he was born on the 25 of November 1946 right now he is over 74 years old.
Atiku Abubakar comes from a low-living family his father Garba Abubakar is a farmer while his mother Aisha Kande is just a housewife.
Atiku Abubakar has a good educational background and he has suffered very hard while studying, at the age of eight Atiku Abubakar joined Jada primary school in Adamawa state, after his primary school he was admitted into a secondary school.
Atiku Abubakar didn’t spend a single penny while schooling, he was on a scholarship throughout his school life. After he is done with his studies he got the opportunity to join the Nigerian custom and that’s when he started his political career.
We have made several kinds of research in finding Atiku Abubakar's net worth; we made evaluations starting from the money he earns from politics to the business he makes.
Let’s dive in Atiku Abubakar net worth
Atiku Abubakar political earnings
We have made several kinds of research on Atiku Abubakar political earnings we have to write down all of the earnings he made from the offices he works in, starting from Nigerian custom to vice president of Nigeria, so let’s check how much did Atiku Abubakar make in his political years.
According to his profile on Wikipedia he has worked with the Nigerian custom for good twenty years, so let’s analyze how much does he make from these 20 years with Nigerian custom, he retired as a deputy director of Nigerian custom which is the second-highest position in the service.
So let’s check how much does deputy director of Nigerian custom makes a month. According to an online source, a deputy controller general earn N2.5 million a month so let’s make a rough estimate of how much Atiku Abubakar made from the 20 years of his service
20 years is equivalent to 240 months, if each month he has a salary of N2.5 million it will be an estimated revenue of $1.5 million (N600 million).
Despite been a Nigerian custom he was also the vice president of the federal republic of Nigerian, so let’s check how much does he makes as a vice president. Atiku Abubakar was the vice president of Nigerian for 8years. From 1999 to 2007.
According to a source on the internet, it was said that vice presidents of Nigerian make only N26 million a year. So 8 years will be an estimated income of $500,000 (N208 million).
The above-mentioned offices are the only places that Atiku Abubakar worked in the years of his career. In total, he makes $2.2 million N808 million from these offices as his income.
Does this mean that N808 million is Atiku Abubakar's net worth?? Nope apart from the politics he also runs a business that generates him a lot of income in which you cannot imagine.
Atiku Abubakar Assets and Business
Like said earlier Atiku Abubakar is a businessman and almost 90% of his earnings comes from the business he does. His business contributes a lot to his net worth, so let’s check Atiku Abubakar businesses.
Atiku Abubakar started his business career in real estate in 1974. He applied for a loan of N31, 000 from the government after he retired from Nigerian custom; he used that N31, 000 to start a real estate business. He builds his first home in the city of Adamawa state.
After succeeding in the real estate business, he jumps into agriculture, he acquired more than 2,000 hectares of land in the city of Adamawa and start farming. Atiku Abubakar didn’t get so successful in the agricultural business.
The two businesses mentioned above are the first business that Atiku Abubakar started in the years of his career. After he succeeded in these businesses he started investing in oil companies and foreign companies which makes him billions of naira.
According to a source on the internet below is the list of properties that were co-founded by Atiku Abubakar
1. Intels Nigerian limited (Oil servicing company from Nigeria to foreign companies)
2. Adama beverage limited
3. American university of Nigerian
4. Faro company
The 4 companies mentioned above are founded by Atiku Abubakar and each of these properties is a multi-billionaire Asset, especially the oil servicing company. So let’s check how much does each of these companies worth.
Intel limited is a company that deals with oil and according to the sources on the internet oil company worth anywhere from $700 million to $1 billion. This asset alone can sustain another country in Africa.
The American University of Nigerian is the first American-style university in the entire of West Africa and it’s also among the most expensive schools in Nigerian. The tuition fee of a student in the university can cost you anywhere from N900, 000 to N1.5 million. The school generates more than N2 billion a year.
Lastly, the faro company, ’s a company that produces spring water it is well known all over the country and it’s considered the best water company in Nigerian. The company worth more than $10 million
Atiku Abubakar Net Worth
Based on all the writings made Atiku Abubakar's net worth is estimated at around $753 million (that’s N3 trillion) which makes him among the richest politicians in the country, Also he is the co-founder of the oil servicing company (Intel Nigerian limited).