Africa is the second largest
continent in the world. It is also world’s second most populous continent but
is sadly regarded as the poorest continent. Africa is a continent endowed with
mineral and human resources aplenty. While most of their nationals are
struggling to earn a living, most African presidents are regarded as the
richest people in Africa. Over 47 presidents in Africa have been ruling their
respective countries for over 10 years yet aspire to continue. Most of these
leaders have amassed a lot of wealth which is considered ill-gotten. They
derive joy in milking the resources of their countries. In this article, we
would explore the top 10 richest Rulers in Africa.
In this article, we would
explore the top 10 richest Rulers in Africa.
10.JACOB ZUMA-‘SOUTH AFRICAN
PRESIDENT’
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. The South African politician has an estimated net worth
of $215 million. He owes his fortune to smart stock investments, substantial
property holdings, lucrative endorsement deals with CoverGirl cosmetics. He
also owns several restaurants in Pretoria, a Football Team, has launched his
own brand of Vodka, and is tackling the juniors market with a top-selling
perfume (With Love from Jacob) and a fashion line called”JACOB ZUMA”
9.ALI BONGO ONDIMBA-‘GABON
PRESIDENT’
Ali Bongo Ondimba has been the President of Gabon since October 2009. His annual income is $65,000.
It was reported that he spent a whopping sum of $129 million on a lavish
townhouse in Paris. Gabon happens to be the 5th largest producer of oil in
Sub-Saharan Africa and is also known as the 6th most developed country in
Africa
8.ROBERT MUGABE-‘ZIMBABWE
PRESIDENT’
Robert Mugabe is the President of Zimbabwe. President Robert Mugabe is the oldest
president in Africa, chairman of the African Union and one of the
longest-serving leaders in the region. 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 PRESIDENT’
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-‘KING OF
SWAZILAND’
King Mswati III is the King of Swaziland. According to Forbes, he is the 15th richest
royal in the world. 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
5.PAUL BIYA-‘CAMEROON PRESIDENT’
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.
4.UHURU MUIGAI KENYATTA-‘KENYA
PRESIDENT’
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-‘EQUATORIAL
GUINEA PRESIDENT’
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 to Forbes 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.
2.MOHAMMED VI-‘KING OF MOROCCO’
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.
1.JOSE EDUARDO DOS SANTOS-‘ANGOLA
PRESIDENT’
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