The sports category has moved to a new website.
ADVERTISEMENT

How Arsenal star, Alex Iwobi, makes and spends his millions

The 22-year-old professional player recently extended his contract with the English side till 2022.

Super Eagles midfielder and Arsenal star, Alex Iwobi currently plays as a forward for Premier League club, Arsenal, and he is estimated to be worth over $5 million.

Iwobi is one of Nigeria's richest footballers and the Sun UK newspaper reported that his new five-year contract with Arsenal is worth around £70,000-a-week.

Business Insider Sub-Saharan Africa (SSA) presents to you in this piece the personal finance and spending lifestyle of Nigeria’s soccer star:

ADVERTISEMENT

His weekly wages

Alex Iwobi previous wage was put at £30,000 before the new signing deal. The Sun reported that the new 4-year contract worth £70,000-a-week (about $90,000), amounting to $4.6 million per annum.

Endorsement deals

ADVERTISEMENT

His endorsement deals Nike, LG electronics, Multichoice among others are projected to worth multiple dollars.

Here are some of the way he spends his billion dollars

Lifestyle

Although he is not a show off, but Lifestyle says he has properties in Lagos and fleet of sports and luxury cars.

Support friends and family

ADVERTISEMENT

Iwobi is always with his family despite busy schedules.

Philanthropy

Drops few pounds at Sunny Cutz on a chilling day

On a chilling day, he spends some cash at Sunny Cutz in South Ockendon, England to make his hair.

Also from Business Insider Sub-Sahara Africa:

ADVERTISEMENT

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

7 reasons women don't get wet even when aroused

7 reasons women don't get wet even when aroused

9 wardrobe essentials for Nigerian women

9 wardrobe essentials for Nigerian women

Family rejects coffin from son-in-law for his mother-in-law’s burial, says it’s not beautiful

Family rejects coffin from son-in-law for his mother-in-law’s burial, says it’s not beautiful

Assurance secured, Davido confirms marriage to Chioma

Assurance secured, Davido confirms marriage to Chioma

DSS confirms plot to install interim government to stop Tinubu

DSS confirms plot to install interim government to stop Tinubu

Yul Edochie loses first son with May, Kambili

Yul Edochie loses first son with May, Kambili

Train crash: Bus driver begs for forgiveness after psychiatric, drug tests

Train crash: Bus driver begs for forgiveness after psychiatric, drug tests

Mercy Chinwo threatens Obidiz with ₦2 billion lawsuit for using her name in a song

Mercy Chinwo threatens Obidiz with ₦2 billion lawsuit for using her name in a song

4 African countries are responsible for 70% of the chocolate in the world

4 African countries are responsible for 70% of the chocolate in the world

ADVERTISEMENT
ADVERTISEMENT