|Full Name||Patrick Ifeanyi Ubah|
|Date of Birth||September 3, 1971|
|State of Origin||Anambra State|
|Net Worth||$1.5 Billion|
|Source of Wealth||Politics, Oil and Gas, Investment|
Ifeanyi Ubah’s net worth is estimated to be around $1.5 billion. He has achieved remarkable success as a Nigerian businessman and politician, particularly in the oil and gas sector, as well as in exporting motor spare parts and football player sales. His wealth and prominence have earned him a place among the richest politicians in Nigeria.
To review Ifeanyi Ubah’s net worth, we relied on reliable sources like Forbes and examined his public financial statements, holdings, and businesses. We also considered his diverse assets and investments.
His impressive financial achievements and business ventures have contributed significantly to his accumulated wealth, making him a prominent figure in the business world. In this blog post, we will look at the net worth, biography, political career, assets and activities of Ifeanyi Ubah.
Ifeanyi Ubah was born on September 3, 1971, in Otolo, Nnewi, Anambra State, Nigeria. He grew up in a family of nine, including his parents and siblings, with his father and mother working as teachers. Despite his parents’ limited financial means, education was essential to Ifeanyi. He attended Okongwu Memorial Grammar School in Nnewi.
Facing financial challenges, Ifeanyi decided to temporarily pause his education to alleviate the financial burden on his parents. Following the path of many in his community, he chose to embark on an apprenticeship to acquire practical skills.
Growing up as the first son among seven children in Otolo, Nnewi, Ifeanyi faced the constraints of his parents’ limited resources. Consequently, he left Premiere Academy in Lugbe, Abuja, and pursued a trade at a young age. Ifeanyi has actively sought opportunities to enhance his business acumen and leadership skills throughout his journey, participating in various local and international business courses and seminars.
How He Makes His Money
In the 1990s, Ifeanyi Ubah embarked on his entrepreneurial journey, starting with the sale of tires and spare parts. Over time, he gradually expanded his business, and today he stands as one of the prominent exporters of tires in Nigeria. His products reach countries such as Ghana, Congo, and more Building on his accomplishments in the tire industry, Ifeanyi ventured into the oil and gas sector. He has been involved in the oil and gas industry, contributing significantly to his wealth. Some of his business ventures are:
Capital Oil and Gas
Capital Oil and Gas is a company that operates in the oil and gas industry. It is involved in various aspects of the oil and gas value chain, including importing, distributing, and marketing petroleum products. In 2001, it was founded by Ifeanyi Ubah. The company has a significant presence in Nigeria and is known for its activities in the downstream sector of the oil industry.
It has played a role in ensuring the availability and distribution of petroleum products in the country. Ifeanyi Ubah is the company’s CEO and has played a crucial role in its success and growth. According to Forbes, the company’s estimated worth exceeds $168 million.
Chevron Oronite & Chemical Company Ltd in South Africa
Chevron Oronite & Chemical Company Ltd is a company based in South Africa. It is a subsidiary of Chevron Corporation, a multinational energy corporation. Chevron Oronite specializes in producing and distributing additives for lubricants and fuels. These additives are designed to enhance the performance and efficiency of various automotive and industrial applications.
The company supplies its products to customers in South Africa and other regions. It is involved in the research, development, and manufacturing of specialized chemicals that help improve the quality and performance of lubricants and fuels.
The Authority Newspaper is a prominent Nigerian daily newspaper. Ifeanyi Ubah, a successful entrepreneur and businessman, ventured into the media industry and launched The Authority Newspaper as a news and information dissemination platform.
The Authority Newspaper aims to provide reliable and up-to-date news coverage on various topics, including politics, business, sports, entertainment, and more. As a daily newspaper, it publishes new editions regularly, informing readers about current events and developments in Nigeria and beyond.
Ifeanyi Ubah F.C.
Ifeanyi Ubah F.C., formerly known as Gabros International Football Club, is a Nigerian professional football club based in Nnewi, Anambra State. It was founded and is owned by Ifeanyi Ubah, the Nigerian business mogul. The club competes in the Nigerian Premier Football League (NPFL), the top-tier football league in Nigeria.
Some of his other business investments are:
- American Hospital Ltd
- Capital Group Congo S.a.r.l in the DR Congo
- Commodity Giants Nigeria Ltd
- Hero Communications Ltd
- Knoll & Hachfer Engineering Company Ltd
- Oil Force Nigeria Ltd
During the 2014 Anambra gubernatorial election, Ifeanyi Ubah contested under the Labour Party but was unsuccessful. However, on February 24, 2019, Ifeanyi Ubah emerged as the winner of the Anambra South Senatorial elections, representing the Young Progressive Party (YPP).
In 2023, Ifeanyi Ubah, representing the Young Progressive Party, emerged as the victor in the senatorial election for the Anambra South District, according to the Independent National Electoral Commission (INEC).
The announcement was made by INEC Resident Returning Officer, Professor Ebele Nwokoye, in Nnewi. Ifeanyi Ubah secured a total of 73,115 votes, securing his position as the winner, while Chris Azubogu from the All Progressives Grand Alliance (APGA) followed closely behind with 45,369 votes.
Ifeanyi Ubah Family
Ifeanyi Ubah is married to Uchenna Ubah, an Executive Director at Capital Oil and Gas Industries Limited. Uchenna holds a Bachelor of Science (B.Sc) degree in business management and a Master’s in business administration (MBA) from Ahmadu Bello University. They have been blessed with five children.
Ifeanyi Ubah Foundation
For the past 25 years, Ifeanyi Ubah Foundation has been at the forefront of transforming lives across various sectors of society through its philanthropic activities. From promoting sports development and providing scholarships to delivering medical interventions and empowering women, the foundation has served as a source of support for numerous individuals.
Driven by his “think home” mentality and a passionate desire to create job opportunities, empower youth, and foster development in his home state of Anambra, Dr. Ifeanyi Ubah embarked on a monumental project. The construction of a multibillion naira games and industrial village is a testament to his dedication.
This impressive complex boasts an array of facilities, including two football stadiums with multiple training pitches, an industrial park, a hospital, a sports academy, a technology hub, a 5-star hotel, a conference center, a center for women and youth development, an indoor sports hall, shopping malls, residential estates, a corporate office complex, a linguistic school, a police post, a fire service station, and other essential amenities.
Ifeanyi Ubah Cars
As an official Senator in Nigeria, Ifeanyi Ubah is entitled to some official cars like a Toyota Prado Jeep and an escort. Although there are not many credible reports about his choices of automobiles, Ifeanyi Ubah was a constant patronizer of Innoson Motors till he had a fallout with the company in July 2020
Ifeanyi Ubah Mansion
Ifeanyi Ubah doesn’t publicize his abundance at each chance. He may appear arrogant for naming a football crew after himself; however, he isn’t known for flaunting his property. Accordingly, it took a lot of work to discover great-quality photos of his Nnewi house.
Nonetheless, the visit from the Anambra State Union brought some stunning shots of the house and its inside. According to the photographs highlighted on KingSpartan, incidentally, there are, indeed, two houses! The first house is a modest two-story building enhanced with light beige stone. The subsequent one is a much bigger three-story structure in a similar style.
Contact Information of Ifeanyi Ubah
If you wish to contact Ifeanyi Ubah, you can do so through his foundation. Here is the contact information:
Location: Nnewi, Anambra State Phone: (+234)703-00000000 Email: [email protected]
Please note that Ifeanyi Ubah leads a private life, and contacting him directly may not be possible. However, reaching out to his foundation using the provided contact details can help you get in touch with his philanthropic initiatives and receive any relevant information or assistance.
In conclusion, Ifeanyi Ubah’s net worth is a testament to his remarkable achievements and entrepreneurial prowess. From humble beginnings, he has become one of Nigeria’s most successful businessmen and a prominent figure in the country’s economic landscape.
With a net worth that continues to grow steadily, Ubah has established himself as a force to be reckoned with in various sectors, including oil and gas, transportation, and real estate. His remarkable success serves as an inspiration to aspiring entrepreneurs, demonstrating that hard work, determination, and a strategic mindset can lead to extraordinary financial accomplishments.
Frequently Asked Questions
What is the net worth of Ifeanyi?
Ifeanyi Ubah, a Nigerian businessman and politician, is well-known for his tremendous success and wealth. He is regarded as one of the richest politicians in Nigeria. Ifeanyi Ubah is a billionaire with an estimated net worth of approximately $1.5 billion.
Who is the owner of Ifeanyi Ubah F.C.?
The owner of Ifeanyi Ubah F.C. is Ifeanyi Ubah himself. Ifeanyi Ubah, the Nigerian business mogul, owns the football club.
How old is Ifeanyi Uba?
Ifeanyi Ubah was born on September 3, 1971. Based on that information, he would be around 52 years old.
Which party does Ifeanyi Ubah belong to?
Ifeanyi Ubah ran for governor in Anambra in 2014 but didn’t win with the Labour Party. However, in February 2019, he won the Anambra South Senatorial election with the Young Progressive Party (YPP).