Richest African Presidents and Monarchs. Africa is endowed with abundance of human and mineral resources. There are about 1 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 based on information from Forbes.com.
Richest African Presidents and Monarchs
8) Robert Mugabe – Net Worth: $10 Million – Zimbabwe
Robert Mugabe is the president of Zimbabwe and is one of the most popular presidents in Africa. He is also one of the longest-serving African presidents and has been in power as the leader of Zimbabwe for over 34 years. Not because there has not been elections in these years but because he uses his incumbency to re-elect himself and declare himself winner even after elections. He has a net worth of $10 Million.
7) General Idriss Deby Itno – Net Worth: $50 Million – Chad
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. Richest African Presidents and Monarchs
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6) King Mswati III – Net Worth: $100 Million – Swaziland
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 drop from $200 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 28 years. Richest African Presidents and Monarchs
5) Paul Biya – Net Worth: $200 Million – Cameroon
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 31 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 Bilya 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.
4) Uhuru Kenyatta – Net Worth: $500 Million – Kenya
Uhuru Muigai Kenyatta (born 26 October 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. He also has stakes in Kenyan media companies, hotels, Banks just to name a few. Richest African Presidents and Monarchs
3) Teodoro Obiang Nguema Mbasogo – Net Worth: $600 Million – Equatorial Guinea
Teodoro Obiang Nguema Mbasogo has been the President of Equatorial Guinea for 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. Nguema has never won an election with less than 90 percent of the vote
2) Mohammed VI of Morocco – Net Worth: $2.1 Billion
Mohammed VI has been the King of Morocco for the past 15 years. He is currently worth over $2.5 billion. He was born and raised in wealth, power and royalty and had the opportunity to be educated at the most prestigious schools worldwide. After he ascended to office, he 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 has earned him the recognition as the defender of the poor. Richest African Presidents and Monarchs
1) Jose Eduardo dos Santos – Net Worth: $20 Billion
Jose Eduardo dos Santos has been in power for 34 years as the President of Angola and has amassed over $20 billion as his personal wealth. José 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. Currently, close to 70% of citizens live below $2 dollars a day while his daughter Isabel dos Santos has been named the richest woman in Africa and the world’s richest black woman with over $3.4 billion of personal wealth.