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Olusegun Obasanjo Net Worth and Biography

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What is Olusegun Obasanjo net worth and biography in 2022?

Date of birth5 March 1937
Age85 years
State of OriginOgun state
NationalityNigeria
NicknameOBJ, Baba Africa
Net worth$5 billion
Source of wealthBusiness and Politics
EthnicityYoruba
Marital statusMarried
Spouse(s)Bola Alice (wife)
Esther Oluremi (ex-wife)
Lynda Soares (ex-wife, deceased)
Stella Abebe (deceased)
Mojisola Adekunle (deceased)
ReligionChristian

Introduction

Olusegun Obasanjo Net Worth and Biography

Chief Olusegun Matthew Aremu Obasanjo, GCFR, is a Nigerian political and military leader who served as Nigeria’s head of state from 1976 to 1979 and later as its president from 1999 to 2007. Ideologically a Nigerian nationalist, he was a member of the Peoples Democratic Party (PDP) from 1999 to 2015, and from 2018 has been a member of the African Democratic Congress party.

Let us look at Aremu Olusegun Obasanjo biography before taking look at his net worth

Olusegun Obasanjo Biography

Chief Olusegun Matthew Aremu Obasanjo, GCFR, (Yoruba: Olúṣẹ́gun Ọbásanjọ́), born 5 March 1937, born in the village of Ibogun-Olaogun to a farming family of the Owu branch of the Yoruba. Chief Olusegun Obasanjo had majority of his education in Abeokuta.

Chief Olusegun Obasanjo lived a polygamous lifestyle. He married his first wife, Oluremi Akinlawon, in London in 1963 and she gave birth to his first child, Iyabo, in 1967. Iyabo had a close relationship with her father. However, Oluremi was unhappy that Obasanjo maintained relationships with other women and she alleged that he beat her. Oluremi and Obasanjo divorced in the mid-1970s.

That same decade, Obasanjo began a common-law relationship with NTA reporter Gold Oruh who bore him two children.

He married his second wife, Stella Abebe, in 1976, having met her on a visit to London. Obasanjo married Stella in 1976, and she bore him three children.

Obasanjo’s other partners include businesswoman Lynda Soares who was murdered by car thieves in 1986.

Unfortunately, on 23 October 2005, the President lost his wife, Stella Obasanjo, First Lady of Nigeria the day after she had an abdominoplasty in Spain. In 2009, the doctor, known only as ‘AM’, was sentenced to one year in jail for negligence in Spain and ordered to pay restitution to her son of about $176,000. Obasanjo was largely private about his relationships with these women. Although, some of his children were resentful that he gave them no special privileges and treated their mothers poorly.

Ethnically, Obasanjo is Yoruba, a cultural identification he reflected in his speech and choice of clothing. However, he always foregrounded his Nigerian identity above his Yoruba one, repeatedly stating that “I am a Nigerian who happens to be a Yoruba man. I am not a Yoruba man who happens to be a Nigerian.”Throughout his life he expressed a preference for rural over urban life. He has been a lifelong teetotaller. He has been characterised as having a sense of discipline and duty, and emphasised what he saw as the importance of leadership. He was meticulous at planning, and Iliffe called him an “instinctively cautious man”. Obasanjo always emphasised the importance of deferring to seniority, a value he had learned in childhood. Iliffe described Obasanjo as a man with “great physical and intellectual energy” who “exercised power with skill and ruthlessness, sometimes unscrupulously but seldom cruelly”. Erfler similarly stated that, although Obasanjo could appear “boorish and dull”, he had a “sharply perceptive mind” and the capacity to be “tough and ruthless”. He had, according to Iliffe, a “remarkable capacity for work”. He was cautious with money, living modestly and seeking financial security by investing in property. He is softly-spoken.

In his sixties, Obasanjo would regularly work 18 to 20 hour days, getting very little sleep. He would start each day with prayers. Obasanjo suffers from diabetes and high blood-pressure. He enjoyed playing squash.

Obasanjo’s writings after his imprisonment reflected his commitment to Biblical literalism. He called the Darwinian theory of evolution a “debasing, devaluing and dehumanising” idea. After his release from prison his writings placed far less emphasis on traditional culture as a guide to morality, calling on fellow Nigerians to reject much of their pre-Christian “way of life.” Iliffe noted that Obasanjo’s born-again Christianity was “strikingly orthodox” and was aligned with mainline Baptist teaching. He rejected the prosperity gospel that was taught by some Pentecostalists in Nigeria. Providentialism also became a key part of his worldview after his imprisonment.

In addition to a variety of other chieftaincy titles, Chief Obasanjo is the holder of the title of the Olori Omo Ilu of Ibogun-Olaogun. A number of other members of his family hold or have held chieftaincies as well.

Democratic Party (PDP) from 1999 to 2015, and from 2018 has been a member of the African Democratic Congress party.

Let us briefly look at Chief Olusegun Obasanjo’s career.

Olusegun Obasanjo Career

He joined the Nigerian Army, where he specialised in engineering, he spent time assigned in the Congo, Britain, and India, rising to the rank of major.

In the latter part of the 1960s, he played a senior role in combating Biafran separatists during the Nigerian Civil War, accepting their surrender in 1970.

In 1975, a military coup established a junta with Obasanjo as part of its ruling triumvirate. After the triumvirate’s leader, Murtala Muhammed, was assassinated the following year, the Supreme Military Council appointed Obasanjo as head of state. Continuing Murtala’s policies, Obasanjo oversaw budgetary cut-backs and an expansion in access to free school education. Increasingly aligning Nigeria with the United States, he also emphasised support for groups opposing white minority rule in southern Africa. Committed to restoring democracy, Obasanjo oversaw the 1979 election, after which he handed over control of Nigeria to the newly elected civilian president, Shehu Shagari. He then retired to Ota, Ogun, where he became a farmer, published four books, and took part in international initiatives to end various African conflicts.

In 1993, Sani Abacha seized power in a military coup. Openly critical of Abacha’s administration, in 1995 Obasanjo was arrested and convicted of being part of a planned coup, despite protesting his innocence. While imprisoned, he became a born again Christian, with providentialism strongly influencing his subsequent worldview. He was released following Abacha’s death in 1998. Entering electoral politics, Obasanjo became the PDP candidate for the 1999 presidential election, which he won comfortably. As president, he de-politicised the military and both expanded the police and mobilised the army to combat widespread ethnic, religious, and secessionist violence. He withdrew Nigeria’s military from Sierra Leone and privatised various public enterprises to limit his country’s spiralling debt. He was re-elected in the 2003 election. Influenced by Pan-Africanist ideas, he was a keen supporter of the formation of the African Union and served as its chair from 2004 to 2006. Obasanjo’s attempts to change the constitution to abolish presidential term limits were unsuccessful and brought criticism.

Obasanjo was appointed Special Envoy by UN Secretary-General Ban Ki-Moon to the war-torn Democratic Republic of the Congo. He held separate meetings with DRC President Joseph Kabila and rebel leader Laurent Nkunda.

During the Zimbabwean election of July 2013, Obasanjo headed a delegation of African Union election observers

In retirement, he earned a PhD in theology from the National Open University of Nigeria in December 2017.

Obasanjo has been described as one of the great figures of the second generation of post-colonial African leaders. He received praise both for overseeing Nigeria’s transition to representative democracy in the 1970s and for his Pan-African efforts to encourage cooperation across the continent. Critics maintain that he was guilty of corruption, that his administrations oversaw human rights abuses, and that as president he became too interested in consolidating and maintaining his personal power.

Olusegun Obasanjo Books

  • My Watch Volume 1: Early Life and Military
  • My Watch Volume 2: Political and Public Affairs
  • My Watch Volume 3: Now and Then
  • My Command
  • Nzeogwu
  • The Animal Called Man
  • A New Dawn
  • The Thabo Mbeki I know
  • Africa Through the Eyes of A Patriot
  • Making Africa Work: A handbook
  • Forging a Compact in U.S. African Relations: The Fifth David M. Abshire Endowed Lecture, 15 December 1987.
  • Africa in Perspective
  • Letters to Change the World: From Pankhurst to Orwell.
  • Not my Will
  • Democracy Works: Re-Wiring Politics to Africa’s Advantage
  • My Watch
  • Challenges of Leadership in Africa
  • War Wounds: Development Costs of Conflict in Southern Sudan
  • Guides to Effective Prayer
  • The Challenges of Agricultural Production and Food Security in Africa
  • Addressing Africa’s Youth Employment and food security Crisis: The Role of African Agriculture in Job Creation.
  • Dust Suspended: A memoir of Colonial, Overseas and Diplomatic Service Life 1953 to 1986
  • L’Afrique en Marche: un manuel pour la reussite économique
  • Africa’s Critical Choices: A Call for a Pan-African Roadmap

Before going into Olusegun Obasanjo net worth, let us take a look at his properties.

Olusegun Obasanjo Properties

Olusegun Obasanjo has over 30 houses scattered all over the world with about 18 in Nigeria alone. His house that most people know is the one at Ota where he currently resides. This house is sort of built on a hill and you would always see his helicopter directly at anywhere you view the house from.

He has a lot of cars and even has a car museum where you would see a couple of vintage cars for your viewing pleasure. His car collection Includes a custom-built Mercedes-Benz G-Wagon, a second-generation Mercedes S-Class, Peugeots in different forms and some aircraft.

Chief Olusegun Obasanjo is known to have one of the largest farms in Nigeria.

Olusegun Obasanjo Net Worth

Olusegun Obasanjo net worth is $5 billion making him one of the richest and successful former president of Nigeria. He has been investing his money into a lot of businesses especially Agriculture. His Ota farm alone generates Millions for him every single year.

Now that you have known about Olusegun Obasanjo net worth, if you have any inquiries or question regarding Olusegun Obasanjo net worth, please feel free to make use of the comment box below.

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