Peter Obi is known today as a politician, but what most people do not realize is that he was first a successful banker before venturing into politics. Peter Obi is not a showman; he does not flaunt his wealth. However, that leaves too much room for speculation about his net worth; sources quote different figures between $10 Million and $50 Million- the latter being the less likely.

Peter Obi is known for his frugality; some have said this ‘stinginess’ will cost him politically, while others insist that it is a mark of change. It must be noted that while he has won several awards for diligence, he was mentioned in the Pandora Papers which revealed he had an unspecified amount of capital stowed away in the US Virgin Islands.

Peter Obi Net Worth 2023, Asset And Wealth

  • Name: Peter Obi
  • Former Anambra State Governor
  • Date Of Birth/Age: 19th July 1961 / 57 Years Old
  • Estimated Net Worth/Wealth {Forbes}: $? Million
  • State Of Origin: Anambra State
  • Geopolitical Zone: South East
  • Occupation: Politician, Businessman, – PDP Vice Presidential Candidate


Peter Obi’s Brief Biography

Peter Obi a Nigerian businessman come, politician, was born in the ancient city commercial center of Onitsha on July 19, 1961, to Mr. and Mrs. Obi. He attended Christ the King College, Onitsha, and then the University of Nigeria, Nsukka, from where he graduated with a B.A. (Hons) in philosophy in 1984.

After that, Peter Obi went on to attend the Lagos Business School, where he completed the Chief Executive Program, as well as the Harvard Business School, and the London School of Economics. He also attended the International Institute for Management Development.

Peter Obi also attended the Kellogg School of Management of Northwestern University, as well as the Saïd Business School of Oxford University, and also the Judge Business School of Cambridge University.

Peter Obi’s Early Career

Peter Obi was born into a trading family; his father owned a supermarket chain in Onitsha. This brought Obi into the world of trading for profit, and he became adept at the marketing of Fast Moving Consumer Goods.

After his education, he became equipped with the knowledge of how to turn his trading venture into a more organized corporate establishment, and how to invest in other profitable businesses such as financial services, and stock holdings.

He therefore held leadership positions in corporate establishments such as 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, and Card Centre Ltd. He held the position of Chairman at Fidelity Bank Plc, before jumping into politics.

Aside from his ventures in the corporate world, Peter Obi has stakes in several ventures which involve foreign investors who have brought their industries into the country.

Peter Obi’s Entry Into Politics

Peter Obi’s political career has not been a rosy one; it has been rocked by turbulence. In 2003, Peter Obi ran for governor on the platform of the All Progressives Grand Alliance but he was denied his victory. He did not relent, however; he went to court, and after three years of legal battles, he was declared the winner in 2006 and assumed office in March 2006.

He was then impeached that November, and then the impeachment was overturned in court, and he returned to office in February 2007. Once again, Peter Obi was removed from office in April 2007 because that was the time of the general election.

However, the courts once again stopped his removal and mandated that he be allowed to finish his four-year tenure as stipulated in the constitution.

Peter Obi then won re-election in 2010, for a second term. His tenure was marked by education and healthcare.

After the successful completion of his governorship tenure in 2014, Obi was seen as a national figure in good governance. He was also seen as a symbol of hope for Nigeria’s political processes.

Such a figure was quickly accepted across the political space; he moved to the Peoples Democratic Party in 2014, and became the vice presidential nominee; running alongside Atiku Abubakar, but the pair lost to President Muhammadu Buhari and vice president Yemi Osinbajo.

Peter Obi then decided that the time was right for him to run for President by himself. Ahead of the 2023 election, Peter Obi announced himself as a presidential candidate in 2022, and he granted a series of interviews in which he affirmed his ambition to run for President.

Peter Obi then defected from the PDP to the Labour Party (LP) after it became evident that the former was not going to give him the platform to contest the election. That happened in May 2022.

Peter Obi Wealth And Assets

Peter Obi has several investments in retail commerce; his family is reported to own the supermarket chain in Lagos, Anambra, and Abuja. He is also reported to have stakes in various financial services institutions including Banks, and Stock Broking.

Peter Obi is said to have a house in London, and a Mansion in Anambra State.

The Pandora Papers reveals that he has an undisclosed amount of money invested in the US Virgin Islands.

Peter Obi is not known to fancy luxury vehicles, but when he was governor of Anambra State he was known to be driven around in a Mercedes G Wagon.



Peter Obi’s net worth is estimated to be in the region of $10 Million. He was born into a trading family, and after the death of his father the responsibility of running the family businesses fell on him. He studied in Nigeria, and then went to America for further studies. After his studies, he branded his family business into a retail company, and then went on to make several investments in financial services, and other areas.

Peter Obi then went on to join politics; enduring a turbulent tenure as governor of Anambra state, before vying for the higher offices of Vice President, and now President of the Federal Republic of Nigeria.

He has several investments in Nigeria and abroad, and performed commendably well as a governor; constructing roads, and completing rural electrification projects.