Richest Presidents in Africa

Richest Presidents in Africa

Africa is considered to be the second largest continent in the world and it is also regarded as the poorest continent. There are 47 African nations led by leaders who have been ruling for over a decade. These leaders and their families are considered very wealthy and make their wealth from natural resources of these nations.

According to Africa rankings as of 2014 some of the richest president sand kings are;

8. Robert Mugabe

Robert Mugabe is currently the President of Zimbabwe and his estimated net worth is arRobert Gabriel Mugabe, president of the Republic of Zimbabwe, sits in the Plenary Hall of the United Nations (UN) building in Addis Ababa, Ethiopia, during the 12th African Union (AU) Summit.ound
$10 million according to Celebrity Net Worth and the family is considered to be very wealthy. Mugabe has won many elections, though frequently this has been criticized by outsiders.

7. Idriss Deby

Idriss Deby has been the President of Chad since 1990. His net worth is estimated to be $50 millIdriss_Debyion according toCelebrity Net Worth. Towards the end of August 2006, he made international news when he called for his nation to have 60 percent stake in its output after receiving crumbs from foreign companies running the industry.

 

 

6. King Mswati III

Mswati III is the King of Swaziland with 28 years in power. He was the 15th richest royal in the world, according to Forbes Magazine. He is worth an estimated $100 million and often the King has been criticized for his laKing-Mswati-III-Net-Worthvish 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.

 

5. Paul Biya

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 sePaul-Biya
veral 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 Kenyatta

Uhuru Muigai Kenyatta is the President of Kenya and the son of Kenya’s first President, JomoUhuru Kenyatta 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

Teodoro Obiang Nguema Mbasogo is the President of Equatorial Guinea and he came to power in August 1979 by ousting his uncle Francisco Macias Nguema in a military coup. Under his rule Equatorial GuineaTeodoro-Obiang-Nguema-Mbasogo has grown as an important oil producer. This President and his family literally own the economy, his personal fortune is estimated at $600 million, according to Forbes Magazine (back in 2006). 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

Mohammed VI is the current King of Morocco and also the country’s leading businessman. He is wMohammed_VI_King_of_Morocco_Net_Worthorth 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

Jose Eduardo dos Santos is the President of Angola. He has held on to this post since 1979. His Jose_Eduardo_dos_Santospersonal estimated wealth exceed $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 billionaires with a net worth of $3.8 billion. She’s currently Africa’s richest woman and also the world’s richest black woman.

 

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