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 African nations led by leaders who have been ruling for over a decade. 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.
In compiling this yearly list, i have considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The 10 Richest Presidents and Kings in Africa as of 2017:
10. ROBERT MUGABE: (ZIMBABWEAN PRESIDENT)
Estimated worth: $30Million
Mugabe’s massive property, which made a large contoversy among zimbabweans, reportedly worth more than $10 million was, according to presidential spokesperson George Charamba, built through donations from Zanu PF and unknown well-wishers.
Mugabe spend $5 million on the wedding of his daughter Bona Mugabe, who married Simba Chikore in 2014. His net worth could however in the billions since the discovery of diamonds in Zimbabwe. Mugabe recently announced that $15 billion in diamond revenue was missing. How could such an amount just go missing without his knowledge?
09. GENERAL IDRISS DEBY ITNO (PRESIDENT OF CHAD)
Estimated worth: $50 Million
President of Chad since 1990, General Idriss Deby net worth is estimated to be $50 million. 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 “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.
Towards the end of August 2006, Idriss 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.
08. KING MSWATI III (KING OF SWAZILAND)
Estimated worth: $100million
According to Forbes, King Mswati III net worth drop from $200 in 2012 to $100 million in 2014. The King who has been in power for over 28 years 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. In 2012 he acquired a private jet which was estimated to cost $17 million and was speculated to have been paid with public funds.
07. PAUL BIYA (PRESIDENT OF CAMEROON)
Estimated worth: $200 Million
Paul Biya who has been the President of Cameroon since November 6 1982 is estimated to be worth around $200 million according to ForeignPolicy.com. In a country where 48 percent of the citizens live below the poverty line, Paul Biya has often been criticised by several online and print media who has placed him in the list of leaders with ill-gotten wealth.
It was reported that president Biya’s 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.
06. JACOB ZUMA (PRESIDENT OF SOUTH AFRICA)
Estimated worth: $215 Million
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 (the “Fat Zuma Burger” chain) in Pretoria, a Football Team (the “Nkandla Angels”), has launched his own brand of Vodka (Pure Wonderzuma – South Africa), and is tackling the juniors market with a top-selling perfume (With Love from Jacob) and a fashion line called “Jacob Zuma Seduction".
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.
Jacob Zuma tops annual list of highest-paid politicians
In 2012 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (February 18) that Zuma is the highest-paid politician in the world, pulling in an astonishing $75 million between January 2014 and January 2015, a nearly $40 million lead over his closest competition.
05. PAUL KAGAME (PRESIDENT OF RWANDA)
Estimated worth: $500 Million
Rwandan politician and current president of Rwanda, Paul Kagame and his family have an estimated net worth of $500 million, according to CelebrityNetWorth.com. Born in October 1957 in Tambwe, Ruanda-Urundi.
Paul Kagame became a member of the Rwandan Patriotic Front and took control following the deceased of leader Fred Rwigyema. Kagame’s military triumph helped end genocide taking place in Rwanda. From 1994 to 2000, he worked as Vice President and Minister of Defence and Rwanda’s de facto leader.
During that 6-year period, he gave backing for two controversial wars in Zaire. Kagame was elected in 2003 and a new constitution was adopted. He once again won the election for his second term back in 2010. Two years later, the FinancialTimes (FT.com) asserted that Paul Kagame and his family members allegedly control the majority of the Rwandan economy through a holding company called Crystal Ventures including a $50 million Bombardier private jet. He is married to Jeannette Nyiramongi and has four children.
04. UHURU KENYATTA (PRESIDENT OF KENYA)
Estimated worth: $550 Million
Uhuru Muigai Kenyatta is the current 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.
As President, Uhuru’s basic salary is now $11,000 a month, after accepting a 20% salary reduction from $14,000. He is married to Margaret Gakuo Kenyatta. The couple have three children, Jomo, Jaba and Ngina.
03. TEODORO OBIANG NGUEMA MBASONGO (PRESIDENT OF EQUATORIAL GUINEA)
Estimated worth: $600 Million
President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea came into power in August 1979 by ousting his uncle Francisco Macias Nguema in a military coup. The President and his family literally owns the country’s economy. He is a dictator. (Ofcourse..) his personal fortune exceed $600 million, according to Forbes Magazine.Equatoguinean President Teodoro Obiang Nguema Mbasogo has looted and plundered his oil-rich country, sharing none of the country's wealth with the citizens who many of, live on less than $1 per day. Meanwhile, his son continues his legacy of a lavish lifestyle which includes a $35-million estate in Malibu and two $1.7-million Bugatti Veyrons.
02. KING MOHAMMED IV (PRESIDENT OF MOROCCO)
Estimated Worth: $2.3 Billion
King Mohammed VI of Morocco is the second child and oldest son of King Hassan II of Morocco. King Mohammed was named Heir Apparent and Crown Prince on the day of his birth, which is now a public holiday. But it wasn't until July 23 1999, upon his father's death, that he officially ascended the throne. Born and raised in wealth, power and royalty, he had the chance to be educated at the most prestigious schools worldwide. King Mohammed VI earned a Bachelor's degree in law from the Mohammed V University at Agdal. He then received a CES in political sciences and a DEA in public law. His crowning achievement in education is the PhD in law with distinction from the French University of Nice, Sophia Antipolis. He also also received an honorary degree from George Washington University in recognition of his promotion of democracy in Morocco. Not long after he came to the throne, Mohammed VI decided to address his nation via television making a public promise that he would take on poverty and corruption, as well as create new jobs and improve Morocco's human rights record. Keeping the most of his promise, King Mohammed VI soon earned the title "defender of the poor". Furthermore, he is one of the few Royals in the world to have added to his wealth in 2009 when his net worth was estimated at $2.5 billion. Allegedly, King Mohammed VI spends $1 million a day to operate each of his personal palaces that are 12 in total.
01. JOSE EDUARDO DOS SANTOS (PRESIDENT OF ANGOLA)
Estimated worth: $20 Billion
President Jose Eduardo dos Santos of Angola who has been in power for over 34 years is the richest African president. While about 70 percent of Angolans live on less than two dollars a day, Eduardo dos Santos estimated wealth exceed $20 billion. 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.
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