Peter Gregory Obi, a millionaire businessman and Labour Party presidential front-runner, loves to talk about how he made his money genuinely.
He has told supporters “I’m richer than US president Joe biden, can’t steal money”.
President Biden’s net worth is around $8 million as of 2021, though he might be richer now. While Peter Obi’s net worth is $10 million.
However, exactly how Peter Obi made his money and networth is unclear to many.
His assets have been examined by numerous websites, and the results have produced wildly divergent numbers.
According to Carmart, his net worth is $10 million, Idolnetworth says it is $3 billion, while Polularbio’s index says it is just $1.5 million.
Mandy News’ thorough investigation, however, reveals that Peter Obi is worth far more than $10 million. The majority of his company assets are private, which is the main cause of these drastically different numbers.
Who Is Peter Obi?
Peter Gregory Obi is a politician and businessman from Nigeria. From 2006 to 2014, he served as the governor of Anambra State three times.
Peter Obi had held senior management positions at a number of Nigerian banks before entering politics.
He received a vice presidential nomination for the 2019 presidential election. He ran alongside Atiku Abubakar, but they fell short of victory against Vice President Yemi Osinbajo and President Muhammadu Buhari, who are currently in office.
In May, Peter Obi, a 2022 People’s Democratic Party (PDP) presidential hopeful, announced his resignation from the PDP and joined the Labour Party.
He was announced as the Labour Party of Nigeria’s presidential candidate for the general election of 2023 at the end of May 2022.
You can read more about him on his Wikipedia page.
Peter Obi Early Life
Peter Gregory Obi was born in Onitsha, Anambra State, Nigeria, on July 19, 1961.
Peter Obi attended Onitsha’s Christ the King College. In 1980, after completing his secondary education, he was admitted to the University of Nigeria, Nsukka (UNN).
In 1984, he earned a bachelor’s degree (Hons) in philosophy.
With his certificate, Peter Obi might have easily obtained employment. He did enroll in a Chief Executive Program at Lagos Business School in Nigeria, though. He then took two classes at the Harvard Business School in Boston, Massachusetts, in the United States.
Peter Obi Education Profile
Over the course of his life, Peter Gregory Obi also studied at numerous schools of higher learning. The following highlights a few of them.
- London School of Economics (Financial Mgmt/Business Policy)
- Columbia Business School, New York, U.S.A. (Marketing Management)
- Institute for management development, Switzerland where he also got two certificates in Senior Executive Program and Break-Through Program for CEOs
- Kellogg Graduate School of Management, U.S.A. (Advanced Executive Program)
- Kellogg School of Management U.S.A. (Global Advanced Mgmt Program)
- Oxford University (Advanced Management & Leadership Program)
- Cambridge University: George Business School (Advanced Leadership Program)
How Peter Obi Made His Money From Business and entrepreneurship
Peter Obi did not begin by becoming wealthy through politics, despite what many people believe. Prior to running for governor of Anambra, he already had a comfortable lifestyle.
Peter Obi had a successful business career before he entered politics. He began his job as a trader after graduating from college and earned money in the process.
Peter Obi grew up learning about trade, therefore it wasn’t difficult for him to do. His family has a long history of trading.
Peter Gregory Obi was not only a successful businessman and trader, but he also held influential roles in numerous private businesses. Here are a few examples:
- Chairman: Fidelity Bank Plc (Also the youngest employee to hold the position)
- Chairman: Guardian Express Mortgage Bank, Ltd
- Chairman: Future Views Securities, Ltd
- Chairman: Paymaster Nigeria Plc
- Chairman: Next International (Nigeria) Ltd
- Director: Guardian Express Bank Plc
- Director: Chams Nigeria Plc
- Director: Emerging Capital Ltd
- Director: Card Centre Plc
In the areas of business, finance, and economics, Peter Gregory Obi is a part of numerous significant organizations.
He belongs to the Nigerian Economic Summit Group (NESG), the British Institute of Directors, and the Nigerian Chartered Institute of Bankers (IOD).
Peter Obi Political Career
Peter Gregory Obi, a member of the All Progressives Grand Alliance (APGA) political party, campaigned for governor of Anambra state in the 2003 governorship election.
Unlucky as it may have seemed, Peter Obi lost the election. The Peoples Democratic Party’s Chris Ngige was proclaimed the victor of the 2003 governorship election by INEC.
On March 15, 2006, INEC results were ruled invalid after three years of resistance and court appearances. As a result, Peter Obi was recognized as Anambra State’s legitimate governor.
Peter Gregory Obi, seven months into his tenure as governor, was impeached by the State House of Assembly on November 02, 2006.
Virginia Etiaba, his deputy, was immediately appointed governor. She became the first female governor of Nigeria as a result, and nobody has yet surpassed or surpassed her record.
Peter Obi reported the impeachment when he appeared in court. On February 9th, 2007, he was reinstated after the impeachment was ruled unconstitutional by the court of appeal in Enugu.
Since the impeachment was never accepted in the first place, Etiaba was forced to hand back all authority to Peter Obi as the rule of democracy demanded.
A fresh election was necessary in 2007, thus. This time, Andy Uba succeeded, and Peter Obi was removed from office.
Obi filed a lawsuit and asserted that the four years of his tenure which he won in 2003 only began to run from the moment he took office in March 2006.
The 2007 election was ruled unlawful by the Supreme Court of Nigeria on June 14th because Peter Gregory Obi still had three years remaining on his term.
On February 7th, 2010, Peter Gregory Obi was named the winner of the 2010 Anambra governorship election.
Obi served as the state’s governor during his second term. He turned things over to Willie Obiano on March 17, 2014.
In the 2019 presidential election, Peter Gregory Obi was nominated as the vice-presidential candidate and ran with Atiku Abubakar, the PDP’s nominee for president.
But PDP was defeated by APC. As a consequence, President Muhammadu Buhari and Vice President Yemi Osinbajo kept their positions and would do so through the year 2023.
Under the leadership of the Labour Party, Peter Gregory Obi received his nomination on May 30, 2022, to run for president in the general presidential election of 2023.
Peter OBI Achievements
In the course of his professional career in business and politics, Peter Gregory Obi has garnered numerous awards and achievements.
- 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 Achievements As A Governor
Peter obi was a successful governor who achieved many things, but one of the most notable was that he did not leave any debt behind. Instead, he made a profit before leaving the government. Peter Obi added that the state of Anambra had 75 billion on the day he left the government.
With the exception of the late former president Umaru Musa Yar’Adua, no politician has ever left such a large sum of money in a government account, proving that Peter Obi is a legendary leader.
Peter Obi Social Media Handle
The following are the authentic Peter Obi social media handles because there are so many false accounts on social media using his name, usually with the backing of supporters of the opposing party:
- Peter Obi on Facebook
- Peter Obi on Twitter
- Peter Obi on Instagram
