Top 10 Richest Presidents In Africa
Africa is one continent rich in several resources. The availability of minerals resources like oil, gold, platinum, tin, diamond, and other precious metals, makes her land thrive and contribute to the global economy.
Due to the several economic opportunities available on the ground, many thrive to attain leadership positions in Africa because of the financial benefits that come with it.
Politics in the majority of Africa countries are often referred to as “a means of exploiting the nation,” it’s no surprise that many referred to it as a dirty game.
Despite the abundant rich resources, some African countries are still plagued by poverty but are led by wealthy leaders who own properties worth millions of dollars.
Some African Presidents are worth more than you can imagine. So who is the wealthiest African president, you might ask?
Today, we will be looking at the Top 10 richest presidents in Africa, so read on to find out.
- President Joseph Kabila
Country: Democratic Republic of Congo
Net Worth: $100 million
President Joseph Kabila of Congo is number ten in the top richest African president in number ten.
He ascended into office in 2001, following the assassination of his late father, President Laurent-Désiré Kabila.
With a net worth of $100 million, president Joseph Kabila Kabange is believed to have made his wealth from his many investments in Congo.
- President Isaias Afwerki
Net Worth $120 million
President Isaias Afwerki has been the only president ruling Eritrea since her independence in 1993.
Currently ranked as the ninth richest African president, President Isaias Afwerki’s leadership qualities have been questioned over time due to his ruling style.
He also personally oversees the nation’s finances. His wealth is said to come from compensation as a world leader.
- President Paul Biya
Net Worth $200 million
Paul Biya has been the President of Cameron since 1982, so he has ruled for over 37 years.
Currently the richest man in Cameroon, it is reported that President Paul’s wealth is gotten from real estate, businesses, and investments in different countries around the world.
He stands as the eighth richest African president with a net worth of $200 million.
- President Matamela Cyril Ramaphosa
Country: South Africa
Net Worth: $450 million
Next to the wealthiest African president is Matamela Cyril, the current South African president.
Formerly a businessman and Deputy President, before succeeding Jacob Zuma in 2017.
President Matamela Cyril Ramaphosa is a self-made millionaire with several investments and businesses.
With a net worth of $450 million, he is the seventh richest African president.
- King Mswati III
Net Worth: $500 million
King Mswati III does have a taste for the best things of life. Currently ranked as the sixth richest African president, the Swaziland President has been in power for over 30 years.
The King is said to live quite an extravagant lifestyle; he is allegedly married to 15 wives, who live in their apartments and own 13 palaces.
However, the people of Swaziland are said to be 60% in poverty, as over 40% of its citizens are unemployed.
- President Paul Kagame
Net Worth: $500 million
The fifth richest African president is Paul Kagame, the sixth Rwanda’s presidents. Paul Kagame started as a soldier in the Armed Forces and was a leader of the Rwandan Patriotic Front that put an end to the Genocide killings by Hutus of Tutsis.
Although various global organizations have often questioned his leadership style, President Paul Kagame is currently one of the wealthiest African presidents with a net worth of $500 million.
According to Financial Times, the president and his family own most investments in the country.
- President Teodoro Obiang Nguema Mbasogo
Country: Equatorial Guinea
Net Worth: $600 million
The fourth richest president in Africa is President Teodoro of Equatorial Guinea.
After a military coup, which overthrew his uncle from office in 1979, President Teodoro ruled the country for 34 years and counting.
However, the oil-rich land suffers from abject poverty, but the president is said to have a net worth of $600 million, and his son allegedly lives in a mansion worth $35 million in Malibu, alongside three Buggati Verona in his collection.
Richest Presidents In Africa
- President Uhuru Kenyatta
Net Worth: $650 million
Uhuru Kenyatta is the fourth president of Kenya; he occupied the office of the presidency on the 9th of April 2013 and has been in that position till date.
One of the wealthiest African presidents, the Kenya President, has acquired a large chunk of his wealth in real estate, owning over 500,000 acres in the country and shares in Kenyan media companies, hotels, banks.
- President Ali Bongo Ondimba
Net Worth $2 billion
Gabon is ranked the fifth largest oil-producing country in African.
However, its citizen lives in poverty. Currently ruled by
Ali Bongo Ondimba has been the president of Gabon for the past ten years, and the country depends mainly on crude oil exportation.
The citizens live below poverty, while their president has a net worth of $2 billion.
In addition, president Ali Bongo Ondimba allegedly owns a townhouse worth $138 million in Paris.
- Mohammed VI of Morocco
Net Worth:$5 billion
Mohammed VI of Morocco is known as Morocco’s Monarch and president. Following his father’s death, King Hassan ll, Mohammed VI, has ruled for over 15 years and counting.
He is a lover of knowledge and is known to be one of the most educated presidents in Africa as he has obtained different degrees from different prestigious institutions worldwide.
Following his ascension to the throne, Mohammed VI promised Moroccans to tackle poverty, corruption, and unemployment. He is said to be keeping his promises and has earned the title “the defender of the poor.”
With a net worth of $5 billion, he currently stands as the wealthiest African president; his wealth is said to have been gotten from inheritance from his father, alongside shares in some major businesses across the world.