Ngozi Okonjo-Iweala is a renowned economist and international development professional who has made significant contributions to the world of finance and global governance Many people are curious about how much her net worth is.
This article will delve into Ngozi Okonjo-Iweala net worth, her accomplishments, and her personal and professional life.
Quick Facts
| Biography | Details |
| Full Name | Ngozi Okonjo-Iweala |
| Popular Name | N/A |
| Gender | Female |
| Birth Date | 1954 |
| Age | 69 |
| Parents | N/A |
| Siblings | N/A |
| Birth Place | Nigeria |
| Nationality | Nigerian |
| Ethnicity | N/A |
| Education | Bachelor’s degree in Economics from Harvard University, Ph.D. in Regional Economics and Development from MIT |
| Marital Status | Married |
| Sexual Orientation | N/A |
| Wife/Spouse | Dr. Ikemba Iweala |
| Children | Four children, including author Uzodinma Iweala |
| Dating | N/A |
| Net Worth | $49.3 billion |
| Source of Wealth | Economist, international organizations, advisory boards |
| Height | N/A |
| Weight | N/A |
What is Ngozi Okonjo-Iweala Net Worth and Salary in 2023?
As of 2023, Ngozi Okonjo-Iweala’s net worth is estimated to be $49.3 billion. Her wealth is a testament to her successful career as an economist and her involvement in various international organizations and advisory boards.
While her exact salary is not mentioned in the provided context, it is known that she serves as an Independent Non-Executive Director of Standard Chartered Plc, with a total compensation of GBX139,000.
Why is Ngozi Okonjo-Iweala Famous?
Ngozi Okonjo-Iweala gained immense fame and recognition for her work as the first African woman to hold the position of Director-General of the World Trade Organization (WTO).
Prior to her role at WTO, she served as the Finance Minister of Nigeria and played a vital role in steering the country’s economic reforms. Her expertise in economic policy and international trade has made her a highly respected figure in the field.
Ngozi Okonjo-Iweala Biography Overview
Early Life
Born on June 13, 1954, in Ogwashi-Ukwu, Nigeria, Ngozi Okonjo-Iweala comes from a family of intellectuals. Her father, Chukwuka Okonjo, was a professor of economics and her mother, Kamene Okonjo, was the first female professor of sociology in Nigeria. Growing up in a highly educated environment, she was instilled with a passion for learning and making a difference from an early age.
Education
Okonjo-Iweala was educated at Queen’s School, Enugu; St. Anne’s School, Molete, Ibadan, Oyo State; and the International School Ibadan.
Okonjo-Iweala pursued her higher education at Harvard University, where she obtained her bachelor’s degree in economics. She later went on to earn her Ph.D. in regional economics and development from the Massachusetts Institute of Technology (MIT). Her educational background equipped her with the necessary knowledge and skills to excel in her future endeavors.
Career and Awards
Ngozi Okonjo-Iweala is a renowned Nigerian-American economist who has been serving as the Director-General of the World Trade Organization (WTO) since March 2021.
She made history by becoming the first woman and the first African to head the WTO. Prior to this, she served twice as Nigeria’s finance minister, from 2003-2006 and 2011-2015, and briefly as foreign minister, making her the first woman to hold both positions.
Okonjo-Iweala’s career spans over four decades, with significant contributions in various sectors. She had a 25-year career at the World Bank as a development economist, rising to the No. 2 position of Managing Director, Operations.
During her tenure, she spearheaded several initiatives to assist low-income countries during the 2008–2009 food crises and later during the financial crisis.
In addition to her role in government, Okonjo-Iweala served on the Commission on Growth and Development, the International Monetary and Finance Committee of the IMF, and the United Nations’ Secretary-General’s High-Level Panel on the Post-2015 Development Agenda.
Throughout her illustrious career, Okonjo-Iweala has received numerous awards. These include the David Rockefeller Bridging Leadership Award (2014), the President of the Italian Republic Gold Medal by the Pia Manzu Centre (2011), and the Global Leadership Award by the Chicago Council on Global Affairs (2011).
Her work and contributions have been recognized globally, further cementing her status as a leading figure in global economics and trade.
From June to August 2006, she served as Minister for Foreign Affairs of Nigeria. In 2005, Euromoney named her Global Finance Minister of the Year
In 2023, Okonjo-Iweala continues to lead the WTO, urging ECOWAS to harness trade for sustainable growth. The fourth edition of Trade and Environment Week, held from 12 to 16 June at the WTO’s headquarters in Geneva, focused on collaborative trade policies to tackle pressing environmental issues such as climate change, related natural disasters, pollution, and biodiversity loss.
Furthermore, under her leadership, the WTO maintained its 1% projection for growth in global trade, demonstrating her commitment to steady and sustainable economic growth.
Okonjo-Iweala’s vision for the WTO emphasizes the role of trade in global development. She believes in the power of trade to lift developing countries out of poverty and assist them in achieving robust economic growth and sustainable development.
As the WTO’s Director-General, she continues to champion these ideals, working tirelessly to ensure that trade flows as smoothly and predictably as possible.
Personal Life
Minister of Finance Ngozi Okonjo-Iweala is married to Dr. Ikemba Iweala, a neurosurgeon from Umuahia, Abia State, Nigeria. They have four children, including author Uzodinma Iweala. Despite her demanding career, she has managed to balance her personal and professional life, demonstrating her dedication and resilience.
Social Media Accounts
FAQs about Ngozi Okonjo-Iweala
What is Ngozi Okonjo-Iweala’s current role?
Ngozi Okonjo-Iweala currently serves as the Director-General of the World Trade Organization (WTO).
How did Ngozi Okonjo-Iweala contribute to Nigeria’s economy?
As the Finance Minister of Nigeria, Okonjo-Iweala implemented various economic reforms and played a vital role in combating corruption.
What are some of Ngozi Okonjo-Iweala’s notable achievements?
Ngozi Okonjo-Iweala’s notable achievements include being the first African woman to serve as the Director-General of the World Trade Organization and receiving the Forbes Africa Person of the Year award.
Conclusion
Ngozi Okonjo-Iweala’s net worth is a reflection of her immense success and contributions in the fields of finance and international institutions. From her early years to her current role as the Director-General of the WTO, her journey has been filled with remarkable achievements and honors. With her expertise and dedication, she continues to shape the global economy and inspire future generations. Thank you for reading.
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