What is Herbert Wigwe’s Net Worth? – Herbert Wigwe was a prominent Nigerian banker and entrepreneur, best known for his role as the CEO of Access Holdings Plc, formerly traded as Access Corporation, until his untimely passing.
Born on August 15, 1966, and known for a distinguished career spanning decades, Wigwe held pivotal positions within Nigeria’s banking sector, notably as the Group Managing Director and CEO of Access Bank plc, a leading institution in the country. He assumed this position in January 2014, succeeding his esteemed business partner, Aigboje Aig-Imoukhuede, and continued in this role until April 2022.
Education played a significant role in shaping Wigwe’s career trajectory. He earned a degree in accountancy from the University of Nigeria and furthered his studies with an MA in Banking and Finance from the University College of North Wales (now Bangor), as well as an MSc in Financial Economics from the University of London. Additionally, Wigwe enriched his knowledge through participation in the Harvard Business School Executive Management Program.
What is Herbert Wigwe’s Net Worth?
At the time of his untimely passing, Herbert Wigwe was widely recognized as one of Nigeria’s most affluent individuals, a testament to his remarkable success in the realms of finance and entrepreneurship. With an estimated net worth soaring around $680 million, Wigwe’s financial prowess positioned him among the elite echelons of Nigeria’s wealthiest individuals.
Wigwe’s substantial net worth was a reflection of his astute business acumen and strategic investments across various sectors.
Herbert Wigwe’s professional journey commenced at Coopers & Lybrand in Lagos, where he began as a management consultant before qualifying as a chartered accountant. Subsequently, he ventured into the banking sector, initially joining Capital Bank before making a significant impact at GTBank, where he rose to the position of executive director in charge of institutional banking.
In 2002, Herbert Wigwe and Aig-Imoukhuede embarked on a transformative endeavor by acquiring a stake in Access Bank, then a modest commercial bank ranked 65th among Nigeria’s financial institutions. Their strategic vision and leadership propelled Access Bank to become one of the top five banks in Nigeria and earned global recognition, with The Banker magazine listing it among the top 500 global banks. Today, Access Bank serves millions of customers across Nigeria, Sub-Saharan Africa, and the UK, boasting an extensive network of branches and ATMs.
Beyond his role at Access Bank, Herbert Wigwe held numerous leadership positions and served on the boards of several organizations, including Access Bank Ghana Limited and Access Investment & Securities Limited. He also chaired Central Securities and Clearing System (CSCS) and Access Bank (UK) Limited, demonstrating his commitment to advancing the banking industry both domestically and internationally.
Wigwe’s contributions extended beyond the corporate realm, as evidenced by his philanthropic initiatives and advocacy efforts. In 2016, he founded The HOW Foundation, a non-profit organization dedicated to social impact projects. His commitment to youth development and community engagement earned him recognition, including being named Banker of The Year by prominent Nigerian newspapers.
Furthermore, Wigwe’s dedication to philanthropy manifested in partnerships with organizations like UNICEF, with whom Access Bank collaborated to support vulnerable children and communities in northern Nigeria. He also co-chaired the Nigerian Business Coalition against AIDS (NiBUCCA), demonstrating his commitment to addressing societal challenges.
Moreover, Wigwe’s legacy includes his involvement in creating The Access Conference, a thought leadership series aimed at addressing global challenges and fostering innovation. Through this platform, he engaged with world leaders and experts to provoke meaningful discussions on critical issues affecting humanity.
In recognition of his outstanding contributions to society, Wigwe was honored with the Nigerian national award of Commander of the Order of the Niger (CON) in October 2022 by President Muhammadu Buhari, further cementing his legacy as a visionary leader and philanthropist.
Source: www.ghgossip.com
