Glusea brings to you Ngozi Okonjo-Iweala net worth 2023
Ngozi Okonjo-Iweala is a Nigerian-American economist and international development expert. She currently works as the Director General at the world Trade Organization.
Keep reading as we bring to you Dr. Ngozi Okojo-Iweala net worth and biography
Ngozi Okonjo-Iweala Biography
Okonjo-Iweala was born in Ogwashi-Ukwu, Delta State, Nigeria, where her father Professor Chukwuka Okonjo was the Obi (King) from the Obahai Royal Family of Ogwashi-Ukwu.
Okonjo-Iweala was educated at Queen’s School, Enugu, St. Anne’s School, Molete, Ibadan, and the International School Ibadan. She arrived in the US in 1973 as a teenager to study at Harvard University, graduating magna cum laude with an AB in Economics in 1976.
In 1981, she earned her PhD in regional economics and development from the Massachusetts Institute of Technology with a thesis titled Credit policy, rural financial markets, and Nigeria’s agricultural development.
She received an international fellowship from the American Association of University Women (AAUW), that supported her doctoral studies.
Okonjo-Iweala had a 25-year career at the World Bank in Washington DC as a development economist, rising to the No. 2 position of Managing Director.
As Managing Director, she had oversight responsibility for the World Bank’s $81 billion operational portfolio in Africa, South Asia, Europe and Central Asia. Okonjo-Iweala spearheaded several World Bank initiatives to assist low-income countries during the 2008–2009 food crises, and later during the financial crisis.
In 2010, she was Chair of the IDA replenishment, the World Bank’s successful drive to raise $49.3 billion in grants and low interest credit for the poorest countries in the world.
During her time at the World Bank, she was also a member of the Commission on Effective Development Cooperation with Africa, which was set up by the Prime Minister Anders Fogh Rasmussen of Denmark, and held meetings between April and October 2008.
Career in government
Okonjo-Iweala served twice as Nigeria’s Finance Minister and also as Minister of Foreign Affairs. She was the first female to hold both positions. During her first term as Minister of Finance under President Olusegun Obasanjo’s administration, she spearheaded negotiations with the Paris Club that led to the wiping out of US$30 billion of Nigeria’s debt, including the outright cancellation of US$18 billion.
In 2003, she led efforts to improve Nigeria’s macroeconomic management including the implementation of an oil-price based fiscal rule. Revenues accruing above a reference benchmark oil price were saved in a special account called “The Excess Crude Account,” which helped to reduce macroeconomic volatility.
She also introduced the practice of publishing each state’s monthly financial allocation from the Federal Government of Nigeria in the newspapers.
Ngozi Okonjo-Iweala Net Worth 2023
Though Dr. Ngozi Okonjo-Iweala is a million, not much is known about the exact net worth of the Nigerian star. Okonjo-Iweala is the first woman to be the finance minister and the foreign minister of the West African country with a GDP of $502 billion.
She is the founder of Nigeria’s first indigenous opinion-research organization, NOI-Polls. She also founded the Centre for the Study of the Economies of Africa (C-SEA), a development research think tank based in Abuja, and is a Distinguished Visiting Fellow at the Center for Global Development and the Brookings Institution.
Ngozi Okonjo-Iweala Net Worth
After leaving government, Okonjo-Iweala was also a member of the International Commission on Financing Global Education Opportunity (2015–2016), chaired by Gordon Brown, and the Eminent Persons Group on Global Financial Governance, which was established by the G20 Finance Ministers and Central Bank Governors (2017–2018).
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Since 2014, she has been co-chairing the Global Commission for the Economy and Climate, with Nicholas Stern and Paul Polman. In January 2016, she was appointed the Chair-elect of the Board of Gavi.
She is married to Ikemba Iweala, a neurosurgeon from Umuahia, Abia State, Nigeria. They have four children, including author Uzodinma Iweala.
During her campaign to become the next Director-General of the WTO, it was revealed that Okonjo-Iweala became a US citizen in 2019 after spending several decades working and studying there. Given the ongoing trade tensions between China and the US, analysts commented that the disclosure would be a contributing factor in shaping China’s attitude towards her.
Okonjo-Iweala has received numerous recognition and awards. She has been listed as one of the 50 Greatest World Leaders (Fortune, 2015), the Top 100 Most Influential People in the World (TIME, 2014), the Top 100 Global Thinkers (Foreign Policy, 2011 and 2012), the Top 100 Most Powerful Women in the World (Forbes, 2011, 2012, 2013 and 2014), the Top 3 Most Powerful Women in Africa (Forbes, 2012), the Top 10 Most Influential Women in Africa (Forbes, 2011), the Top 100 Women in the World (The Guardian, 2011), the Top 150 Women in the World (Newsweek, 2011), the Top 100 most inspiring people in the World Delivering for Girls and Women (Women Deliver, 2011). She was listed among 73 “brilliant” business influencers in the world by Condé Nast International.
Okonjo-Iweala has received honorary degrees from 14 universities worldwide, including some from the most prestigious colleges:
- University of Pennsylvania (2013)
- Yale University (2015)
- Amherst College (2009)
- Trinity College, Dublin (2007)
- Brown University (2006),
- Colby College (2007) and
- Northern Caribbean University, Jamaica