[Updated] Peter Obi Net Worth

In this article, we would be taking you through the net worth of Peter Obi and how he is being able to combine politics and business as he intends to become the next President of the Republic of Nigeria.

Peter Obi Biography

Peter Obi is a Nigerian politician and businessman who served as governor of Anambra from March to November 2006, February to May 2007, and June 2007 to March 2014. In May 2022, he was elected as the Labour Party’s candidate for President of Nigeria in the 2023 presidential election.

Peter Obi’s Net Worth

Peter Obi’s net worth is estimated at $10 million and he is currently rated among the richest politicians in Nigeria.

Political Career

Obi’s presidential campaign after defecting from the PDP has been described as populist, with widespread support among young Nigerians.

Peter Obi ran for governor in 2003 as a member of the All Progressives Grand Alliance, but his main opponent was proclaimed the winner illegally. 
Obi was declared the winner in 2006 after three years of legal battles and took office in March 2006.

He was removed from office in November of the same year, but his impeachment was overturned, and he was re-elected in February of the following year, 2007. Obi was removed once more when the 2007 Anambra State gubernatorial election was held. 
The election was held in accordance with the normal Nigerian electoral calendar of a four-year election interval, which in this case dated back to his first, previously annulled election.

Obi was removed once more when the 2007 Anambra State gubernatorial election was held. However, the judiciary intervened once more and ruled that he should be allowed to complete a full sentence.

Peter Obi was a businessman before entering politics. He began his life as a trader, as he was born into an able-to-trade family before entering the corporate world. He held positions of authority in a few private businesses.

Next International Nigeria Ltd, Guardian Express Mortgage Bank Ltd, Guardian Express Bank Plc, Future View Securities Ltd, Paymaster Nigeria Ltd, Chams Nigeria Ltd, Data Corp Ltd, and Card Centre Ltd are among the companies he has worked for. He was Fidelity Bank Plc’s youngest chairman.

In 2003, Peter Obi ran for governor of Anambra State as a candidate for the All Progressives Grand Alliance (APGA), but his opponent, Chris Ngige of the People’s Democratic Party, was declared the winner by the Independent National Electoral Commission (INEC).

Summary

Peter Obi’s net worth keeps increasing due to the side business he runs aside from being a politician. His total net worth is $10 million.