The African continent is the second largest in the world. It is also world’s second most populous continent endowed with natural resources yet widely regarded as the poorest continent. There are 56 nations in Africa, led by different leaders who have been ruling for several decades. Some of these leaders and their families are very rich and their wealth are considered ill-gotten. They make their wealth from natural resources of these nations through the creation of companies under the names of their families. Here is a brief overview of the richest Presidents in Africa.
The Richest/Wealthiest African Presidents and Kings (2015)
9: JACOB ZUMA (SOUTH AFRICA) $10MILLION
It’s been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 72-year-old Jacob Zuma has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2015 with an estimated $75 million in combined earnings.
Jacob Zuma tops annual list of highest-paid politicians
8) Robert Mugabe (ZIMBABWE) – Net Worth: $10 Million
Robert Mugabe is the President of Zimbabwe. His net worth is estimated to be around $100 million. The dictator’s family is very wealthy. Mugabe has won many elections, although frequently these have been criticized by outsiders for violating various electoral procedures.
7) Idriss Deby(CHAD) – Net Worth: $50 Million
Idriss Deby has been the President of Chad since 1990. His net worth is estimated to be $50 million. Towards the end of August 2006, he made international news after calling for his nation to have 60 percent stake in its output after receiving crumbs from foreign companies running the industry.
6)King Mswati III (SWAZILAND) – Net Worth: $100 Million
Mswati III is the King of Swaziland. He is worth more than $100 million; down $100 million of his 2012 ($200 million) fortune. The King has often been criticized for his lavish spending. In 2009 summer, several of his 13 wives reportedly spent over $6 million in a shopping spree. In the 2014 budget, parliament allocated $61 million for the King’s annual household budget, while 63 percent of Swazis live on less than $1.25 per day. His luxury car collection include a $500,000 Daimler Chrysler’s flagship Maybach 62. And has banned the photography of his cars.
5)Paul Biya (CAMEROUN) – Net Worth: $200 Million
Country: Cameroon, Years in Power: over 3 decades
Paul Biya has been the President of Cameroon since November 6 1982. His estimated net worth is around $200 million; this figure was published bythe ForeignPolicy.com. Around 48 percent of the citizens of Cameroon live below the poverty line. Catholic Committee against Hunger and for Development (CCFD) and several on-and-offline media has placed him in the list of leaders with ill-gotten wealth. In 2009, French online newspaper, Rue 89, reported the Cameroon President’s vacation was the top most expensive among world leaders. More than that of the American President. He was criticized for spending 30,000 euros ($40,000) per day on renting a villa.
4) Uhuru Kenyatta (KENYA) – Net Worth: $500 Million
Country: Kenya, Years in Power: 1
Uhuru Muigai Kenyatta is the President of Kenya and the son of Kenya’s first President, Jomo Kenyatta. In 2011, Forbes estimated his net worth at $500 million. Most of his wealth comes from property. With his family, the President owns stakes in Kenya’s largest dairy company Brookside Dairies, media company Mediamax, Heritage Hotels, Commercial Bank of Africa and hundreds of thousands of prime Kenyan land. He is regarded as man of the people due to his sociability. During his inaugural speech, he promised economic transformation through Vision 2030, free maternal care and unity among all Kenyans.
3)Teodoro Obiang Nguema Mbasogo – $600 Million
Country: Equatorial Guinea, Years in Power: 34
Teodoro Obiang Nguema Mbasogo is the President of Equatorial Guinea. He came to power in August 1979 by ousting his uncle Francisco Macias Nguema in a military coup. He has overseen the emergence of the nation as an important oil producer, beginning in 1990s. This President and his family literally own the economy, his personal fortune exceed $600 million, according toForbes Magazine. In October 2011, the United Statesgovernment seized $70 million assets of his son, Teodoro Nguema Obiang Mangue. Though Equatorial Guinea is Africa’s second richest nation, majority of the population actually live under the poverty line.
2) Mohammed VI of Morocco – Net Worth: $2.1 Billion
Country: Morocco, Years in Power: 15
King Mohammed VI of Morocco celebrated his 15th year on the throne in July 2014. From his father, the late King Hassan II, he inherited an estimated 40% stake in Societe Nationale d’Investissement (SNI), a large, formerly state-owned Moroccan investment company that has controlling stakes in the country’s largest bank, Attijariwafa, mining company Managem Group, sugar producer Cosumar, dairy firm Centrale Laitiere and other assets. Several of the companies are publicly traded.
1) Jose Eduardo dos Santos – Net Worth: $20 Billion
Country: Angola, Years in Power: 34
Jose Eduardo dos Santos is the President of Angola. He has held on to this post since 1979. His personal estimated wealth exceeds more than $20 billion, according to Cabinda Online even though an estimated 70% of Angolans live on less than two dollars a day. His daughter, Isabel dos Santos is among the Forbes Africa’s billionaires with a net worth of $3.8 billion. She’s currently in the list of Africa’s richest women.
He is currently rated the richest ruler in Africa.
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