Top 8 Richest African Presidents Nigeria

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Africa is endowed with an abundance of human and mineral
resources. There are about one billion people inhabiting the
continent and still abundance of oil reserves, gold, platinum, tin,
diamond and other precious metals and minerals that drive the
global economy.

While the majority of Africans are barely getting by
financially, African presidents are known to be among the
wealthiest individuals in Africa and there is a general
understanding that it is the office that swells up the bank
accounts of African presidents and their families.

In this article, we explore the richest African presidents and
how much they are worth as originally published by Richestlifestyle
based on information from Forbes.com, ForeignPolicy.com,
CelebrityNetworth.com and Cabinda.net.

Below is the List of Richest African Presidents and
Monarchs

7) President Jacob Zuma – $20
million

Jacob Zuma

Born on April 12, 1942, in Nkandla, Jacob Gedleyihlekisa Zuma
has been the president of South Africa since May 6, 2009. Upon the
completion of his first five-year term in 2014, he was re-elected
in the 2014 general election.

Msholozi, as he’s fondly called in his clan, takes home almost
an R3 million annually. Reports have it that between February 2014
and February 2015, Zuma pulled in a whopping $75 million, making
his way to the top of the list of highest paid politicians.

According to multiple sources online, the embattled president’s
impressive net worth is linked to his chains of businesses. Zuma
reportedly owns several restaurants in Pretoria, smart stock
investments, and substantial property holdings. He also owns a
brand of Vodka, a football team called the ‘Nkandla Angels’, and a
fashion line called ‘Jacob Zuma Seduction’.

He got married to five wives and has twenty children and many
grandchildren.

6) General Idriss Deby Itno – $50
million

General
Idriss Deby Itno

General Idriss Déby Itno is a politician from Chad who has been
the President of Chad since 1990.

In October 2006, Forbes magazine ranked Chad top on the list of
most corrupt countries in the world for what may be regarded as
“the single most piggish use of philanthropic funds” after the
revenues from Chad–Cameroon Petroleum Development and Pipeline
Project that was intended for combating famine and foster
development were used to acquire arms to keep Idriss Déby’s regime
in power. He is estimated to have a net worth of $50 million.

5) King Mswati III – $100
million

king
Mswati III

King Mswati III is the king of Swaziland, a landlocked kingdom
in Southern Africa. He is the 15th richest among the world’s
royals. According to Forbes, his net worth dropped from $200
million in 2012 to $100 million in 2014.

For a country that has over 60% of her population living below
$1.25 a day, King Mswati does not make any excuses for his spending
for which he has often been negatively criticized.

He is currently married to 15 wives each of whom lives in her
own expensive apartment. His wives alone spent over $6 million in
2013 and the recent 2014 budget has had his household allocated $61
million.

He has 13 palaces, fleets of top-of-the-range Mercedes and BMW
cars including at least one Rolls Royce and a $500,000 Maybach 62.
In 2012 he acquired a private jet which was estimated to cost $17
million and was speculated to have been paid with public funds. He
has been in power for over 28 years.

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4) Paul Biya – $200
million

Richest
African Presidents

Paul Biya is a Cameroonian politician who has been ruling the
country since 6 November 1982, making him one of the
longest-serving presidents in the world with over 35 years of
running the office.

His $200 million net worth has had him up on the list of leaders
with ill-gotten wealth which he lavishly spends. Paul Biya is the
said to be the richest man in Cameroon and it was reported that his
vacation was one of the most expensive in comparison to other world
leaders and even the president of the United States as he spent up
to $40,000 per day just on accommodation.

Biya was born 13 February 1933 in Mvomeka’a. He married twice.
His first marriage was to Jeanne-Irène Biya, who died on 29 July
1992. He subsequently tied the knot with Chantal Biya on 23 April
1994. Biya and Chantal, who’s 38 years younger than himself, share
two children together.

3) Uhuru Kenyatta – $500
million

Richest
African Presidents

Uhuru Muigai Kenyatta (born October 26, 1961) is the fourth and
the current President of Kenya. He has been in office since 9 April
2013 and is one of the richest men in Kenya.

He has previously served in the Government as the Minister for
Local Government between 2001 and 2002. He has an estimated net
worth of $500 million. He made most of his money in the real estate
industry with ownership to over 500,000 acres of land in Kenya.
Uhuru also has stakes in Kenyan media companies, hotels, banks just
to name a few.

2) Teodoro Obiang Nguema Mbasogo –
$600 million

Richest
African Presidents

Teodoro Obiang Nguema Mbasogo has been the President of
Equatorial Guinea for over 34 years after ousting his uncle from
office in 1979 in a military coup.

He has looted and plundered his oil-rich country while sharing
none of the country’s wealth with the citizens while the citizens
of his country live on less than $1 per day. His son has followed
in his footsteps; living lavishly in a $35-million estate in Malibu
and three $1.7-million Bugatti Veyrons.

Teodoro was born to Santiago Nguema Eneme (father) and María
Mbasogo Ngui (mother) in Acoacán, Guinea on June 5, 1942.

1) Mohammed VI of Morocco – $2
billion

Richest
African Presidents

Born on August 1963 in Rabat, Morocco, Mohammed VI has been the
King of Morocco for the past 15 years. Raised in wealth, power and
royalty, he had the opportunity to be educated at the most
prestigious schools worldwide. After he ascended to office in July
1999 following the death of his father, King Hassan II.

During his ascension to the throne, Mohammed VI made a public
promise in which he stated that he would tackle poverty and
corruption in Morocco, reduce unemployment and improve human rights
status in the country. He has been keeping most of these promises
which have earned him the recognition as the defender of the
poor.

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His net worth is said to be $2 billion. According to reports,
Mohammed VI’s fortune largely stems from a Moroccan company called
(SNI) Societe Nationale Investissement, where he has large assets
worth over $10 billion and also from gigantic companies such as
Marjane Holding and SNI’s 48% shareholding in Attijariwafa –
Morocco’s largest bank.

Richest Ex-Presidents

1) Jose Eduardo dos Santos – $20
billion

Jose
Eduardo dos Santos

Jose Eduardo dos Santos was the second president of Angolan. He
was in power from September 10, 1979, to September 26, 2017,
bringing to an end his over 34 years in power as the President of
Angola.

Former president Eduardo dos Santos was known to only have one
suit and two white shirts between 1963 and 1970 when he was still
living in Brazzaville.

While in power, he amassed over $20 billion as personal wealth.
This was not in addition to his daughter Isabel dos Santos’
outrageous net worth which earned her the richest woman in Africa
and the world’s richest black woman with over $3.4 billion of
personal wealth.

While the Dos Santo family’s eye-popping net worth kept growing
under Eduardo’s watch, close to 70% of Angolan citizens were
reported to have lived below $2 dollars a day.

Although Jose’s extensive leadership has finally come to end,
it’s believed that his net worth still stands at $20 billion as
there’s no current information about his personal wealth.

Goodluck Jonathan – $105 million

Goodluck
Jonathan

In 2017, Nigeria’s former president Goodluck Ebele Jonathan had
an estimated net worth of $105 million, as contained in Forbes
Africa’s Rich List. He served as Nigeria’s president from May 6,
2010, to May 29, 2015.

Jonathan’s fortune stemmed – to a very large extent – from the
prestigious positions he was appointed to in the Nigerian
government and other endeavours, his monthly salaries, allowances,
investments and pensions.

Robert Mugabe – $10 million

Robert Mugabe was the president of Zimbabwe from 31 December
1987 to 21 November 2017 when he resigned after his party expelled
him, bringing his 37 years power grip to an end abruptly.

One of the most popular presidents in Africa, Mugabe was one of
the longest-serving African presidents not because there have not
been elections in these years but because he uses his incumbency to
re-elect himself and declare himself winner even after
elections.

Mugabe, whose net worth stands at $10 Million amassed his
fortune while in power. His assets include a Hong Kong mansion, an
R138-million Zimbabwe mansion, an R660-million England palace, Farm
empire, an R16-million Mercedes Benz S600L, Rolls-Royce Phantom,
Zimbabwe Consolidated Diamond Co., and many others.

While some sources reported that his net worth is around $100
million, others are of the opinion that he’s worth around $1
billion.

Former president Robert Mugabe’s wife Grace and sons are known
for leading flamboyant lifestyles and for getting on the wrong side
of the law both within and outside the shores of Zimbabwe.

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