Peter Obi Net Worth and Biography

Peter Obi Net Worth And Biography

Amongst other Nigerian politicians, Peter Obi Net Worth and Biography is one of the most outstanding. The series of awards in his biography and his transparent money history is one of the intriguing things about Peter Obi’s profile. This article contains well-detailed information about the biography and net worth of Peter Obi.

Remarkable Features of Peter Obi Net Worth and Biography

He goes by the full name Peter Gregory Obi. On 19th July 1961, he was given birth in the popular city of Onitsha, Anambra state. His family members fondly called him “OKWUTE” an Igbo word that means “ROCK”.

Peter Obi had his Secondary School education at Christ the King College, Onitsha. His higher education studies were at the esteemed University of Nigeria, Nsukka where he bagged a degree in Philosophy in 1984. The biography and net worth of Peter Obi comprise information about his family, business, and political career.

Peter Obi
Peter Obi Net Worth and Biography

Education

One of the remarkable features in the biography and net worth of Peter Obi is his outstanding educational career. He is a man who values education. His passion for academics and knowledge pushed him to further his studies at top international schools outside Nigeria.

He attended top schools like Harvard Business School, Boston, and London School of Economics, where he completed the Financial Management/Business Policy course; Columbia Business School, New York, where he studied Marketing Management; International Institute for Management and development, Switzerland where he also received 2 certificates in Senior Executive Program and Chief Executive Officers program;

Other schools he attended were Kellogg Graduate School of Management, USA, Oxford University, and Cambridge.

Politics

Peter Obi’s political career faced a lot of criticisms, but being determined and bold, he was able to surmount them all. In the early 2000s, Obi left the position of the chairman of Fidelity bank Nigeria to enter politics.

His first political contest was for the governorship position in Anambra in 2003 under the All Progressive Grand Alliance (APGA). Eventually, Chris Ngige, his opponent was declared the winner by INEC. Peter Obi could not accept this verdict believing it to be unlawful and he fought the case in court for three years until they declared him the winner and he assumed the governorship position on 17th March 2006.

Barely after seven months in office, he got impeached by the state house of assembly and was replaced the next day by Virginia Etiaba, his deputy. Obi successfully responded to the course of his impeachment and was handed back power as the governor on 9 February 2007 by the Court of Appeal sitting in Enugu.

On 7 February 2010, Peter Obi contested for a second term as Governor of Anambra state, having the former CBN governor, Professor Charles Soludo as his opponent. INEC (Independent National Electoral Commission) declared Peter Obi the winner and he served as the governor of Anambra for another four years before he handed over to Willie Obiano in 2014. 

In 2019, Peter Obi was chosen as the vice-presidential nominee during Nigeria’s presidential election. He was running mate to Atiku Abubakar under the People’s Democratic Party (PDP). They, unfortunately, lost to the current president, Muhammadu Buhari, and vice president Yemi Osinbajo.

Former President Goodluck Ebele Jonathan appointed Peter Obi as the Chairman of the Security and Executive Commission (SEC) during his tenure. Currently, Peter Obi is one of the Presidential aspirants of 2023 under the Labour Party.

We can conclude that Peter Obi’s “not giving up” spirit really makes way for him through politics.

Net Worth

Peter Obi’s net worth is roughly estimated to be $10 million, which converts to four billion one hundred fifty-two million naira. He is one of the most popular and supported politicians in Nigeria.

Possible models of cars owned by Peter Obi:
  • Mercedes Benz AMG C63; worth about 4.3- 5.2 million NGN
  • Lexus LX 570; 48-90 million NGN
  • Toyota Land Cruiser; this vehicle costs between 55-70 million NGN.

Peter Obi also lives in a luxurious house of his own worth millions of naira. The particular salary he earned as a governor is not revealed, but according to law, a state governor’s average annual salary is N11, 540, 896; the annual leave allowance is N222, 370.50. Then N6,671,115 as gratuity.

Peter Obi spoke out in one of his interviews at Arise TV, that part of his wealth came from some of the companies he owns and controls like Ovaltine, International Breweries, etc, and his major shares in three commercial banks, such as Fidelity Bank of Nigeria, among others.

He also owns the biggest mall in Abuja by name, Next Shopping Center.

Peter Obi Net Worth And Biography
Biography and net worth of Peter Obi; net worth

Business

The biography and net worth of Peter Obi will not be complete if his business prowess is not mentioned. Peter Obi has a high esteemed corporate career with his strong business acumen. He had worked in several high-profile companies like:

1. Next International Nigeria Ltd

2. Guardian Express Mortgage Bank Ltd

3. Guardian Express Bank Plc

4. Future View Securities Ltd

5. Paymaster Nigeria Ltd

6. Chams Nigeria Ltd

7. Corp Ltd and Card Centre Ltd

He lived as a well-established businessman before venturing into politics. Nigerian Economic Summit Group (NESG), the Nigerian Chartered Institute of Bankers, and the British Institute of Directors, among other prestigious organizations (IOD), recognize Peter Obi as one of their official members.

Marriage and Family

In 1992, Peter Obi tied the knots with Margaret Brownson Usen and they are blessed with two children; a boy and a girl, by name Gregory Peter Oseloka Obi and Gabriella Nwamaka Frances Obi respectively. He is also well known and devoted Catholic

Peter Obi Net Worth And Biography
Biography and net worth of Peter Obi; marriage and family

Wikipedia has it that; Peter Obi has received various accolades for outstanding ventures in the business and political sectors. Some of the remarkable awards of Peter Obi:

Sun Newspaper’s Man of the Year (2007)

This Day Newspaper’s Most Prudent Governor in Nigeria (2009)

This Day’s Governor of the Decade (2020)

Champion Newspaper’s Nigeria’s Most Trustworthy Governor (2009)

West Africa ICT Development Award for Governor of the Year (2010)

Zik Leadership Prize (2011)

Bill & Melinda Gates Foundation’s Best Performing Governor on Immunization in South-East Nigeria (2012)

Ezeife Leadership Foundation’s Leadership and Good Governance Award (2012)

Methodist Church of Nigeria’s Golden Award on Prudence (2012); Business Hallmark Newspaper’s Man of the Year (2012)

Silverbird’s Man of the Year (2013)

The Voice Newspaper’s Award for Outstanding Example in Leadership and Governance (2014)

Champion Newspaper’s Most Outstanding Igbo Man of the Decade (2014)

Nigerian Library Association’s Golden Merit Award (2014)

Pontifical Equestrian Order of Saint Sylvester Pope and Martyr (2014)

Catholic Diocese of Onitsha’s Golden Jubilee Award (2015)

Peter Obi Net Worth and Biography also feature the Impact he made on Nigerian Politics during his various political terms, such as:
  • He was the first gubernatorial candidate in Nigeria to legally challenge to its logical conclusion, his governorship electoral victory that was denied him. He won in the Courts and reclaimed his mandate.
  • He was the first Governor in Nigeria to legally challenge his wrongful impeachment and was reinstated by the Courts.
  • He was the first Governor in Nigeria to seek the interpretation of tenures of Governors when INEC allowed elections to take place in Anambra State when his tenure had not expired; the election already concluded was canceled and he was allowed to complete his tenure.
  • He was the first Governor to serve a 2nd term in both the new and old Anambra State, that is, almost 40 years after the creation of the State.
  • He was the first Governor, whilst still in Office, to be appointed a Special Adviser to the President.
  • He was the first serving Governor to be appointed to the Presidential Economic Management Team.
  • He was among the first Governors to be honored with a National Award in 2011, while still in office.
  • Though the only Governor whose political party was in government in only one State, he was elected Vice-Chairman of the Nigeria Governors’ Forum twice.
  • Though the only non-PDP Governor in the South-East (made up of 5 States), he was elected by the other 4 PDP Governors as their Chairman for 8 years rather than the usual one year.
Biography And Net Worth Of Peter Obi
Biography and net worth of Peter Obi; Presidential aspirant 2023

Although Peter Obi seems to have a clean record and has attracted no dent on his name, there once was the subject of several corruption claims that pleaded his response according to the Pandora Papers investigation. It was recorded that Peter Obi violated several Nigerian laws due to his business dealings.

First was that Peter Obi stayed as director of Next International (UK) Limited while still serving as Governor of Anambra State. Another accusing leak had it that Peter Obi kept foreign accounts also while as Governor. Both the Constitution and the Code of Conduct Bureau and Tribunal Act prohibit a public officer from keeping a bank account outside Nigeria.

However, Peter Obi cleared the uproar by responding and affirming that he did not default any laws. He claimed that the foreign account’s money was ensued from when he was a businessman. In spite of all these, no other criminal charges had been brought against Obi as of June 2022.

These, discussed above, are the most intriguing things in the biography and net worth of Peter Obi.

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