Peter Obi is now renowned as a politician, however what people don’t know is that he was an accomplished banker prior to his entry into politics. Peter Obi is not a performer; he doesn’t show off his wealth. But, this creates a lot of to speculate about his wealth; sources give different estimates ranging from $10 million and $50 millionThe latter is more likely.
Peter Obi is known for his generosity. Some have claimed that this’stinginess could hurt him politically, whereas others claim it’s an indicator of progress. It’s important to remember that while he’s won numerous awards for his efficiency, he was also named within the Pandora Papers which revealed he had an unknown amount of capital hidden within the US Virgin Islands.
Peter Obi Net Worth 2023, Wealth And Assets
- Name: Peter Obi
- Former Anambra State Governor
- Date Of Birth/Age: 19th July 1961 / 57 Years Old
- Estimated Net Worth/Wealth : $? Million
- State Of Origin: Anambra State
- Geopolitical Zone: South East
- Occupation: Politician, Businessman, – PDP Vice Presidential Candidate
Peter Obi Biography
Peter Obi a Nigerian businessman and politician born and raised in the historical city of Onitsha on the 19th of July 1961 to Mr. as well as Mrs. Obi. He was a student at Christ the King College, Onitsha before moving on to his final college, the University of Nigeria, Nsukka and was awarded an B.A. (Hons) in philosophy in 1984.
Following that, Peter Obi went on to study at The Lagos Business School, where Peter Obi completed the chief Executive Program and also his studies at the Harvard Business School, and the London School of Economics. He also went to the International Institute for Management Development.
Peter Obi also attended the Kellogg School of Management of Northwestern University, as well as the Said Business School of Oxford University as well as Oxford University’s Judge Business School of Cambridge University.
Peter Obi Early Career
Peter Obi was born into a family of traders; his father was the owner of a chain of supermarkets in Onitsha. This led Obi in the realm of trade to make profits, and he became proficient at marketing Fast Moving Consumer Goods.
Following his studies and training, he was equipped with the skills to transform his business into a more structured company, and what to do to get into profitable business models like financial services and stocks.
Therefore, he held leadership positions in various corporate institutions, including Next International Nigeria Ltd, Guardian Express Mortgage Bank Ltd, Guardian Express Bank Plc, Chams Nigeria Ltd, Data Corp Ltd, Future View Securities Ltd, Paymaster Nigeria Ltd as well as Card Centre Ltd. He was the Chairman of Fidelity Bank Plc before entering politics.
Apart from his ventures in the world of business, Peter Obi has stakes in various ventures that have international investors that have drawn their businesses into Nigeria.
Peter Obi Entry Into Politics
Peter Obi’s political life has not been an easy one. It has been shaken by turbulent times. The year 2003 was the time that Peter Obi ran for governor under the platform for the All Progressives Grand Alliance but it was rejected as a candidate. Obi refused to give up however, he took it to court and over the course of three legal battles Obi was declared the winner in the year 2006 and took his office in March.
Then he was impeached in November. The impeachment was rescinded in the court and he returned to office in February. Again, Peter Obi was removed from office in April of 2007 due to the timing of the general elections.
But, the courts again stayed his removal and ordered that his tenure be extended to his four-year term, as provided by the Constitution.
Peter Obi then won re-election in 2010 for the second time. His time in office was characterized by healthcare and education.
Following the success of his governorship at the end of 2014 Obi became known as an example of good governance. Obi was also seen as an image of the possibility of a bright future for Nigeria’s political system.
This kind of figure was swiftly popular across the political landscape He joined his own party, the Peoples Democratic Party in 2014 and was elected vice-presidential candidate with Atiku Abubakar. However, the two were defeated by the presidency of Muhammadu Buhari and vice president Yemi Osinbajo.
Peter Obi then decided that it was the right time for him to be a candidate for President on his own. Prior to the 2023 Election, Peter Obi announced himself as a presidential contender in 2022. He then gave interviews which he reiterated his desire to run for president.
Peter Obi then defected from the PDP to the Labour Party (LP) after it became clear that the PDP party was not willing to offer the platform for him to run in the presidential election. The incident occurred in May 2022.
Peter Obi Wealth And Asset
Peter Obi has several investments in retail business and his family is said to be the owner of the supermarket chain that operates in Lagos, Anambra, and Abuja. There is also a report that he may hold stakes in several financial institutions, such as Banks as well as Stock Broking.
Peter Obi is said to have a home in London as well as a mansion situated in Anambra State.
The Pandora Papers reveals that he has an unidentified amount of money that he has invested into the US Virgin Islands.
Peter Obi is not known for his extravagant luxury cars however, when he was Governor of Anambra State he was known to travel around in the Mercedes G Wagon.
Peter Obi Net Worth
Peter Obi’s wealth is believed to be around the range of $10 million. He was born to a trading family and following the demise of his father, the responsibility of managing the family’s businesses was handed to Obi. He went to school in Nigeria and later moved to America to further his studies. Following the completion of his education, he transformed his family’s business into an enterprise that sold retail products and began to make investments in financial services as well as other areas.
Peter Obi then went on to become a politician, enduring an uneasy term being governor in Anambra state before running for the post of Vice President and then the President of the Federal Republic of Nigeria.
He has numerous investments in Nigeria as well as abroad. He also has performed admirably as a governor by constructing roads and completing electrification of rural areas.
