Peter Obi & Bola Tinubu: Who is Richer?

Last updated on January 12th, 2024 at 12:26 am

Two of the most powerful politicians in Nigeria, Bola Ahmed Tinubu and Peter Obi were the front-runners in the quest to become Nigeria’s number one citizen. Tinubu, a former governor of Lagos State, had emerged winner and was the APC’s presidential contender for 2023. Peter Obi was chosen to represent the Labor Party in the upcoming presidential election after Tinubu’s emergence to spotlight. Given that they both competed for the country‘s top job, it might be argued that the two are wealthy.


Who is richer? Peter Obi or Tinubu

However, given that Obi and Tinubu were the two leading contenders in the past election, many have started to speculate about who is wealthier. How do we respond to the persistent question of who is richer between Peter Obi and Tinubu? We will do this by looking at each person’s biographical information, financial standing, and political influence.


As the race for the presidency in 2024 has ended, a common query among Nigerians is “How much money does Peter Obi have?” Some people go so far as to inquire about how much money he has to endure huge spenders like Bola Tinubu. To respond to these often asked questions, let’s examine Peter Obi’s life story and financial situation.

Peter Obi is a politician and businessman from Nigeria. He ran as the People’s Democratic Party’s vice presidential candidate in the 2019 general elections in Nigeria (PDP). He has previously held the position of executive governor of Anambra State from 2006 until 2014.


  • Full Name: Peter Gregory Obi
  • Date of Birth: 19 March 1961
  • Gender: Male
  • Marital Status: Married
  • Career: Politician
  • Net worth: $10 Million
  • Country of origin: Nigeria

In 2003, Peter Obi entered politics by running against Chris Ngige of the People’s Democratic Party in the race for governor of Anambra. The Independent National Electoral Commission proclaimed the latter the eventual winner (INEC). Ngige’s triumph was overruled by the Court of Appeal on March 15, 2006, following nearly three years of litigation. Obi was inaugurated on March 17, 2006.

Peter Obi experienced various setbacks during his tenure as governor of Anambra State. He was able to achieve some significant milestones during his term, nevertheless. The Millennium Development Goals Office (OSSAP-MDGs) and the UNDP recognized him as the best governor for carrying out their programs in Nigeria.


According to Forbes and Business Insider, Peter Obi’s net worth is believed to be $10 million. Peter Obi was a powerhouse in business before making his political debut. He had prominent positions in a number of private businesses there. He served as chairman of the Securities and Exchange Commission, 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 Card Centre Ltd, and Fidelity Bank Plc, among other organizations.

He belonged to numerous professional organizations, including the British Institute of Directors, the Nigerian Economic Summit Group, and the Nigerian Chartered Institute of Bankers.


In the other way round, let’s take a look at the profile story of President Bola Ahmed Tinubu. This will enable us to understand how Peter Obi’s fortune differs from his own.

President Tinubu is a leading voice of the All Progressives Congress. Between 1999 through 2007, he served as the governor of Lagos State. He is also referred to as the Lion of Bourdilion and the Jagaban of Lagos. Due to his involvement in President Buhari’s election in 2015, Tinubu is frequently referred to as the party’s “kingmaker.”

Bio Data

  • Full Name: Bola Ahmed Tinubu
  • Known As: Jagaban of Lagos
  • Birthdate: March 29, 1952 (disputed)
  • State of Origin: Lagos State
  • Nationality: Nigerian
  • Education: Chicago State University
  • Marital Status: Married
  • Occupation: Politician, Lawyer, Accountant
  • Net Worth: US$8.4billion

Tinubu was born in Osun State on March 29, 1952. He attended Children’s Home School in Ibadan and St. John’s Primary School in Lagos. He subsequently traveled to the United States in 1975, where he attended Chicago, Illinois’ Richard J. Daley College before transferring to Chicago State University. He earned a Bachelor of Science in Accounting from the university in 1979.

The All Progressive Congress counts Tinubu as one of its founders. He played a part in ending the 16-year control of the People’s Democratic Party. He is frequently viewed as the party’s powerbroker, as was already mentioned. He obtained this title as a result of his contribution to President Buhari’s election in 2015. In addition, he helped Buhari defeat Atiku Abubakar of the PDP to win reelection in 2019.


The estimated net worth of Ashiwaju Bola Ahmed Tinubu is $8.4 billion. In addition to his political career, Bola Tinubu is a successful businessman who owns numerous companies across the nation. The Lagos Oriental Hotel, TVC Television and Radio, Radio Continental, Ikeja Shopping Mall, Oando PLC, and numerous other companies are among those he is said to have owned.

The erstwhile governor of Lagos State owns property all throughout the country. His Bourdillon mansion in Ikoyi, which is worth an estimated N1.5 billion, is among the most costly homes in the country. In addition, Tinubu is the owner of a $60 million Bombardier Global Express XRS private plane and a collection of pricey vehicles, including a Range Rover, a G wagon, and a Mercedes.


The facts strongly suggests that Tinubu is wealthier than Peter Obi. Obi is thought to be worth $10 million, whilst Tinubu is thought to be around $8.4 billion. Additionally, Tinubu has had a distinguished political career, ranking among the best in the nation’s annals.

In addition to his career in politics, Bola Tinubu is a successful businessman who owns numerous companies across the nation. The Lagos Oriental Hotel, TVC Television and Radio, Radio Continental, Ikeja Shopping Mall, Oando PLC, and numerous other companies are among those he is said to have owned.

Peter Obi has a number of retail properties, and reports claim that his family runs a chain of stores in Lagos, Anambra, and Abuja. He may also have stock in a variety of financial services firms, including banks and stock brokerages. Peter Obi reportedly owns a house in London and a mansion in the Anambra state. Peter Obi is one of the richest businessmen from Anambra state with investments in the country, which makes him similar to Tinubu in this regard.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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