It is sad that despite the presence of this abundant rich resources, Africa is still plagued by poverty as the majority of Africans are barely buoyant financially. Not just that, including lack of proper and basic amenities that would improve the living standard of the vast population. On this note, the African presidents (selected by election) or Monarchs (Kings)seems to be less concerned or move by these conditions but are busy enriching themselves, this is factual because they are known to be among the wealthiest individuals in Africa and a large chunk of African citizens believe that the office of the president is used to swell up the bank accounts of African presidents and their families. Thus, it is against this backdrop that this article will focus on the Top Ten Richest Presidents in Africa.
Find list of the richest African presidents and their financial worth below.
1. Jose Eduardo dos Santos
Net Worth: $20 Billion
Jose Eduardo dos Santos is the President of Angola. He has held on to this post since 1979. His personal estimated wealth exceed more than $20 billion, according to Cabinda Online. 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.
2. Mohammed VI of Morocco
Net Worth: $2.5 Billion
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.
3. Teodoro Obiang Nguema Mbasogo
Net Worth: $600 Million
Country: Equatorial Guinea
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. Equatorial Guinea is Africa’s second richest nation.
4. Uhuru Kenyatta
Net Worth: $500 Million
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.
5. Paul Biya
Net Worth: $200 Million
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.
6. King Mswati III
Net Worth: $100 Million
The 15th richest royal in the world, according to Forbes Magazine. Mswati III is the King of Swaziland. He is worth more than $100 million.
In the 2014 budget, parliament allocated $61 million for the King’s annual household budget. His luxury car collection include a $500,000 Daimler Chrysler’s flagship Maybach 62. And has banned the photography of his cars.
7. Goodluck Jonathan
Net Worth: $100 Million
Goodluck Jonathan is the President of Nigeria. His net worth is estimated to be around $100 million.
UPDATE: Goodluck Jonathan lost the 2015 General Election to Muhammadu Buhari
8. Idriss Deby
Net Worth $50 million.
Idriss Deby has been the President of Chad since 1990. His net worth is estimated to be $50 million.
9. Robert Mugabe
Net Worth: $10 Million
Robert Mugabe is the President of Zimbabwe. His net worth is estimated to be around $10 million. His family is very wealthy