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Tony Elumelu, Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation, recently stirred discussion by stating that his wealth was gained “by luck.”
In a recent interview with YouTuber Korty EO, Elumelu explained that wealth can sometimes stem from luck rather than solely from hard work, intelligence, or physical fitness.
The prominent banker and economist acknowledged that his fortune was due to luck, even though he has worked relentlessly across multiple corporate roles over the years.
He also emphasized that success is accompanied by challenges, encouraging aspiring entrepreneurs to stay determined in the face of obstacles.
Elumelu highlighted that sustained focus and a strong work ethic were instrumental in his achievements.
He said, “I am here because of luck. At times, success does not come from being the best in class or the fittest or most energetic. Sometimes, you need luck, and I am a product of luck.”
The statement has sparked reactions, with many questioning why a banker who has tirelessly climbed the corporate ladder would attribute his success to luck.

3 hours ago
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