For many years, the African continent has been riddled with leadership issues such as mismanagement of resources, corruption, and an ugly difference in incomes acquired by the leaders and the common citizens. Yet, despite this, we see a growing and blooming species of leaders that are ready and striving to change history.
Leaders who like to follow the likes of Nelson Mandela’s steps. Many African leaders gather their wealth through abuse of power and office, yet we still see a few hardworking people who accumulate their wealth honestly and all accredited to their endeavor and effort. In this article, we will be examining the wealthiest presidents in Africa.
1. Mohammed VI
Mohammed tops the list of our wealthiest presidents in Africa in 2020. The Moroccan chief of state ranks first, topping the list with an estimated value of $2.5billion. The highly enlightened leader with a doctorate is a conventional businessman, banker, and investor in real estate, agriculture, the oil business, & the top dist2of Heineken in Africa. His presidential salary and his other income sources are at $480,000 per year.
2. Ali Bongo Ondimba
The Gabon head is state pursues with an estimated worth of more than$1 billion. This is accredited to his continous involvement in the nation’s exportation of unrefined oil products. The company, in addition to a salary of $65,000 annually, contributes to his fortune. Moreover, even though most of Gabon’s residents live below the poverty line, their boss affords a mansion worth hundreds of million dollars in France.
3. Teodoro Obiang Nguema Mbasogo
The president of Equatorial Guinea rates next with an estimated worth of $600 million. His Ascend to such wealth has been told by many to be due to looting the oil-rich country. This is very disheartening as millions of individuals remain hungry & in lack. Despite this, the president is the third richest president on the mainland.
4. Uhuru Muigai Kenyatta
The fourth president of Kenya rates next, being worth $500 million dollars and is rated by Forbes as one the top 40 wealthiest people in the continent. Uhuru Kenyatta attributes his fortune to holding shares in a Kenyan Media Company, K24, the largest dairy company in the co8, Brookside Dairies & not to mention huge tracts of land, not less than 30,000 acres of productive land.
5. Paul Kagame
The Rwandan president closely has a net worth estimated at $500 million. In addition, the accomplished martial man earns an annual presidential salary of $85,000 in the acquisition of numerous allowances.
His fortune and ownership of pricey assets such as his Bombardier Global Express private jet worth about $50 million are attributed to his huge control of the economy via the Crystal Ventures firm in his management and ownership.
6. Cyril Ramaphosa
The South African president is calculated to be worth $450 million as of 2018. The statesman owes his fortune to ownership of multiple properties across the country, McDonald’s in South Africa, the committee chair at MTN, and a committee member at Lonmin. Cyril Ramaphosa is also a writer, having authored ‘Cattle of the Ages: Ankole Cattle in South Africa.’
7. Isaias Afwerki
The president of Eritrea, since the nation gained independence in 1993, is calculated to be worth $210 million. His authority in the country has been imbued by the heavy breaking of human rights & democracy is a concept the people & citizens of Eritrea look forward to.
8. Paul Biya
The president of Cameroon is calculated to be worth $200 million. He owns multiple houses assets and runs businesses that add to his wealth. The president acquires a presidential salary of $2590 each month in addition to allowances and expenses of sovereignty. The Cameroonians live in a non-democratic power.
9 Abdel Fattah el-Sisi
The Egyptian president is calculated to be worth $185 million. He earns a yearly salary of $70,400 in addition to housing & transportation allowances. President Abdel operated in the military & as Brigadier General. The president is an entrepreneur &author of the book ‘Democracy in the Middle East.
10. Mswati III
The Swaziland head of state is calculated to be worth $100 million and completes this top 10 list of richest presidents in Africa. He has multiple investments and runs the Tibiyo Taka Ngwane acquisition holding company that holds stakes in multiple companies like the Royal Swaziland Sugar Corporation, Ubombo Sugar & Swazi Spa Holdings, to mention a few.