Eddie Obeid's Family, Net Worth 2021 And Jail Sentence: Mine Controversy.
Eddie Obeid is an Australian former politician and convicted criminal.
He is mostly recognised for being a member of the New South Wales Legislative Council from 1991 to 2011. He represented the Labor Party.
Obeid also served as the Minister for Fisheries and the Minister for Mineral Resources from 1999 to 2003.
Aside from his impressive work background in politics, he also gained infamy for corruption and misusing funds for personal reasons.
Meet Eddie Obeid Family
Eddie Obeid was born to a Lebanese family and had relocated to Australia when he was only six years old. He is said to possess dual citizenship in both Lebanon and Australia.
With his trials in life, he was successful to earn such a prestigious role in Australian politics until his corruption incident.
Meanwhile, Obeid also established a family of his own in 1965 with his wife, Judith.
He is a father of nine children; Moses, Edwina, Gemma, Paul, Gerard, Damian, Rebecca, Fiona, and Eddie Jr.
From his nine children, Eddie Sr. became a grandpa to total 31 grandkids. Thus, the Obeid family has evolved to be one of the biggest and well-known families in Australia.
Similarly, when he resigned from his position as a member of the Legislative Council on May 10, 2011, Obeid claimed family obligations as the reason for his departure. His tenure in the office was set to expire in March 2015.
Eddie Obeid's Net Worth for the Year 2021 is Unveiled
Eddie Obeid, without a doubt, has a net worth in the millions of dollars, albeit he hasn't revealed how much he has yet.
As a result of his conviction for exploiting his political position for his personal financial gain, prosecutors have said that Obeid is worth far more than he seems to be.
Furthermore, the Obeid family's magnificent $3.65 million farmhouse in Hay Street, Port Macquarie, as well as a $1.12 million vacation property in the same street, have received much media notice.
We will update this section as soon as we get any information on his net worth from sources close to him.
Eddie Obeid's Jail Sentence: The Mine Controversy Has Been Investigated.
Eddie Obeid has been sentenced to a staggering seven years in prison for his involvement in a mining and coal issue.
During the course of the trial, Eddie, his son Moses, and Ian Macdonald were interrogated about a coal exploration licence that had been given over the Obeid family property in the Bylong Valley. From 2007 until 2009, Ian Macdonald served as Minister of Natural Resources.
They were all put on trial in front of Justice Elizabeth Fullerton in early 2020, with the proceedings wrapping up in February 2021.
Eddie has been given bail as of today despite the fact that they have all been found guilty of the mining allegations.
Eddie's bail was granted, and the decision has garnered widespread media attention, prompting criticism of both the court and Eddie.