Africa is the second
largest continent in the world. It is also world’s second most populous
continent and regarded as the poorest continent. There are 47 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 9 Richest African Presidents and Kings as of 2014:
Robert Mugabe – Net Worth: $10 Million
Country: Zimbabwe, Years in Power: 26
Robert Mugabe is the
President of Zimbabwe. His net worth is estimated to be around $10
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.
via wikipedia
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Idriss Deby – Net Worth: $50 Million
Country: Chad, Years in Power: 23
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.
via wikipedia
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Goodluck Jonathan – Net Worth: $100 Million
Country: Nigeria, Years in Power: 4
Goodluck Jonathan is the
President of Nigeria. His net worth is estimated to be around $100
million. He launched a “Roadmap for Power Sector Reform”, launched the
Youth Enterprise with Innovation in Nigeria and launched the
Transformation Agenda. He is a member of the ruling “People Democratic
Party”.
via wikimedia common
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King Mswati III – Net Worth: $100 Million
Country: Swaziland, Years in Power: 28
The 15th richest royal
in the world, according to Forbes Magazine. 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.
via wikipedia
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Paul Biya – Net Worth: $200 Million
Country: Cameroon, Years in Power: 31
Paul Biya has been the
President of Cameroon since November 6 1982. His estimated net worth is
around $200 million; this figure was published by the 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.
via wikimedia common
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Uhuru Kenyatta – 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.
via wikipedia
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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 States government 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.
via wikipedia
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Mohammed VI of Morocco – Net Worth: $2.5 Billion
Country: Morocco, Years in Power: 15
Mohammed VI is the
current King of Morocco. He is also the country’s leading businessman.
He is worth more than $2.5 billion, according to Forbes. The King
ascended to the throne following his father’s death in 1999 and he
immediately set about improving upon his appalling human rights record
and alleviating poverty.
Photo Credit: Map.ma
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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 exceed more than $20 billion, according to
Cabinda Online. While around 70 percent 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
Africa’s richest woman and also the world’s richest black woman.
via wikimedia common
Some of the
above-mentioned Presidents’ exact wealth and source of wealth are
unknown that’s why they cannot be included in the Forbes Africa’s Rich
List. They steal from their own people...culled
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