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Home Biography Peter Obi Net Worth, Biography, Cars And Houses, Source of wealth

Peter Obi Net Worth, Biography, Cars And Houses, Source of wealth

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In this article we will be looking at the presidential candidate who has won the heart of many youths: Peter Obi.

Who is Peter Obi?

Peter Obi is the former governor of Anambra State. Not only is he a wealthy politician, he is also a thriving businessman.

Peter Obi Net Worth, Biography, Cars And Houses, Source of wealth
peter obi

Profile Summary

NamePeter Gregory Obi
Date of birth birth 19th July 1961
State of Anambra, Nigeria
Occupation Businessman, Politician
wifeMargaret Brownson Usen
Net Worth $10 Million

Peter Obi Biography

Peter Gregory Obi was born in Onitsha, Anambra state, on July 19, 1961. He was fondly called “Okwute” meaning rock by his loved ones. He had his secondary school education at Christ the King College, Onitsha and bagged a degree in Philosophy from the prestigious University of Nigeria, Nsukka, in 1984.

Peter Obi has an enormous interest in learning, and this has made him attend top schools.

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He is an alumnus of Harvard Business School, Boston, USA; London School of Economics where he studied Financial Management/Business Policy; Columbia Business School, New York, the USA where he studied Marketing Management; Institute for Management and Development, Switzerland where he also got two certificates in Senior Executive Program and Chief Executive Officers program; Kellogg Graduate School of Management, USA, Oxford University and Cambridge.

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Peter Obi Business Career

Peter Obi is a successful businessman. He has worked with various prestigious companies in different managerial and business roles. Some of the companies he has worked with are:
Next International Nigeria Ltd
Guardian Express Bank Plc
Corp Ltd and Card Centre Ltd
Guardian Express Mortgage Bank Ltd
Chams Nigeria Ltd
Future View Securities Ltd
Paymaster Nigeria Ltd

Peter Obi was appointed the Chairman of the Security and Exchange Commission (SEC) during the tenure of Nigeria’s former president, Goodluck Ebele Jonathan.

Peter Obi is also member of some top-rated organisations including the Nigerian Chartered Institute of Bankers, the Nigerian Economic Summit Group (NESG), and the British Institute of Directors (IOD).

Peter Obi Net Worth, Biography, Cars And Houses, Source of wealth
Peter Obi with former president Obasanjo

Peter Obi Political Career

Peter Obi first contested for the governorship seat in Anambra State in 2003 under the All Progressives Grand Alliance (APGA). However, he lost to his opponent, Chris Ngige. This didn’t sit well with Peter Obi, so he took the case to court and fought for three years until he was declared the winner and given the governorship seat on March 17, 2006.

In 2010, Peter Obi contested for a second term as Governor of Anambra state and won. After this tenure, he handed over the seat to Willie Obiano in 2014.

Peter Obi aspired to be the vice president of Nigeria during the 2019 presidential election. He contested alongside Atiku Abubakar under the People’s Democratic Party. However, they lost to Muhammadu Buhari, the current president.

Peter Obi Awards And Recognitions

Peter Obi has received many honours for outstanding ventures in the business and political sectors. Some of his awards and recognitions are;

Man of the Year, Sun Newspaper, 2007

Nigeria’s Most Trustworthy Governor, Champion Newspaper, 2009

Most Prudent Governor in Nigeria, Thisday Newspaper, 2009

Governor of the Year, West Africa ICT Development Award, 2010

Zik Leadership Prize, 2011

Leadership and Good Governance Award, Ezeife Leadership Foundation, 2012

Golden Award on Prudence, Methodist Church of Nigeria, 2012

Best Performing Governor on Immunization in South-East Nigeria, Bill & Melinda Gates Foundation, 2012

Man of the Year, Business Hallmark Newspaper, 2012

Man of the Year, Silverbird, 2013

Most Outstanding Igbo Man of the Decade, Champion Newspaper, 2014

Golden Merit Award, Nigerian Library Association, 2014

Award for Outstanding Example in Leadership and Governance, The Voice Newspaper, 2014

Golden Jubilee Award, Catholic Diocese of Onitsha, 2015

Peter Obi Net Worth, Biography, Cars And Houses, Source of wealth

Peter Obi Net Worth

The former governor of Anambra State and vice-presidential candidate of the Peoples Democratic Party in the 2019 general elections, Peter Obi was a trader and banker before he became a governor. He was also an engineer of South African Breweries. Peter Obi had an estimated net worth of $10 million before he became governor.

Peter Obi Cars

As expected, a man of such calibre can afford any type of car he wants. During his tenure as Governor, he had a convoy of exotic and luxurious cars. Some of his cars include:
Mercedes Benz AMG C63
The luxury AMG C63
Lexus LX 570

Lexus is known for manufacturing quality cars built for the best performance and comfort. With a 5.7-litre V8 that generates 403 lb-ft of torque, Lexus LX 570 is one of the toughest models of the Lexus car brand. The estimated cost of the car is N75 million.

Toyota Land Cruiser
Often referred to as the “King of all SUVs,” Toyota Land Cruiser is a car you should have in your garage. It has a powerful V8 engine that allows it to generate great horsepower and torque rated at 262 bhp at 3400 RPM and a max torque of 650 Nm at 1600 RPM respectively. This vehicle costs between N55-70 million.

Peter Obi Houses

Peter Obi owns a mansion worth N650 million in Enugu State, Nigeria, among others. He also owns a house in London.

Peter Obi’s Personal Life

Peter Obi, a devout catholic, got married to Margaret Brownson Usen in 1992 and they are blessed with two children: Gabriella Nwamaka Frances Obi and Gregory Peter Oseloka Obi.

Source of wealth

During the Pandora Paper saga, Peter Obi said; “I was the sole engineer of South African Breweries. I was also bringing in Ovaltine.

“The company I was with before I left it for my brother who took over and paid me off. That company became the Next Cash and Carry which you see in Port Harcourt and Abuja.

“I was sitting on the board of three banks and was the chairman of one before I became a governor.”

Peter Obi Net Worth, Biography, Cars And Houses, Source of wealth
Peter obi with Rivers State Governor Wike

Peter Obi Achievements

▪︎He was the first governor in Nigeria to legally challenge his wrongful impeachment and was reinstated by the Courts.
He was the first governor to serve a second term in both the new and old Anambra State.

▪︎He was the first Nigerian governor to seek the interpretation of tenures of governors when INEC allowed elections to take place in Anambra State when his tenure had not expired. He was later allowed to finish his tenure.
He was the first serving governor to be appointed a Special Adviser to the President.

▪︎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 in lieu of the usual one year.

Peter Obi’s Fundamental Achievements as Governor of Anambra State.

  1. For the first time in the history of Anambra State, Ambassadors and High Commissioners of notable countries such as the United States, Britain, Russia, the European Union, South Africa, Belgium, Israel, the Netherlands, and Canada, among others, visited the state.
  2. Anambra was the first state to commence Sub-Sovereign Wealth savings, the first of its kind in Sub-Saharan Africa. At a time many other Governors were leaving huge debts, he left the equivalent of $500 Million dollars in investment as well as local and foreign currency, including $156 million in Dollar-denominated bonds.
  3. Development partners such as UNDP, UNICEF, the World Bank, DFID, the European Union etcetera, which hitherto were not in Anambra State started working with the state. Anambra was consistently adjudged one of the best states in development partnership and commitment to reforms for good governance.
  4. The Senate of the Federal Republic of Nigeria rated Anambra State as the most financially stable state in the country.
  5. The State also entered into a strategic partnership with the Churches in the Health sector. This symbiotic relationship resulted in a tremendous boost to health care because of the services offered by health institutions owned by Voluntary Agencies, while the State restored grants to the agencies and made available to them more than 50 Million Dollars in various types of support.
  6. He was recognised as Best Governor by the Millennium Development Goals Office (OSSAP-MDGs) and the UNDP in the implementation of their programmes in Nigeria.
  7. The State’s ground-breaking return of schools to their original owners – Voluntary Agencies (Churches) on 1st January 2009, and subsequent partnership with the Agencies in Education, saw the State move from 24th position out of 36 States to Number One in National Examination Council (NECO) and West African Examination Council (WAEC) examinations for three consecutive years. This made the World Bank to commission a study, led by the renowned Prof. Paul Collier of Oxford University, on this revolutionary partnership and phenomenal achievement.
  8. The Nigerian Debt Management Office (DMO) rated Anambra as the least indebted state in Nigeria. It was recorded that despite the visible and measurable achievements in various sectors, the State under him did not borrow or raise bonds for any of the projects.

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