List of 10 richest presidents in the world- and yes, Ramaphosa is on it

List of 10 richest presidents in the world- and yes, Ramaphosa is on it

Running an entire country must be hard work, so it is no surprise that presidents receive a hefty paycheck.

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South Africa is one country that is not shy to generously compensate the head of state. While Jacob Zuma ruled, he was the highest paid president on the African continent.

And, his successor, Cyril Ramaphosa, is receiving a substantial amount more than he had received during his time as president.

As Briefly.co.za reported previously, former finance minister Malusi Gigaba announced earlier this year the presidential salary would hike with 25%.

This means Ramaphosa's salary is R3.6 million annually, exceeding his predecessor's pay with R700 000.

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So, we know Ramaphosa is getting out a lot more than Zuma did, but how does his salary rank against the other world leaders?

Briefly.co.za gathered a list of the 10 richest presidents of the world:

1. Lee Hsien Loong

The 66-year-old Singaporean president takes the lead in the list of the world's richest leaders, earning a whopping R26 million a year.

2. Carrie Lam

The female Chief Executive of Hong Kong comes in second, earning R7.6 million a year, that's R18.4 million less than Loong.

3. Alain Berset

Berset was elected as the president of the Swiss Confederacy in December 2011. Since then, he receives an annual salary of R5.7 million.

4. Malcolm Turnbull

The Australian head of state comes in at number four on our list of richest presidents, earning R4.9 million a year.

5. Donald Trump

The controversial American president earns R4.7 million annually. However, since he became rich before his election as the head of state, Trump said he would donate his salary to the transportation department.

But, according to the US constitution, a president must receive a salary. So, Trump amended his statement and said he would take $1 each month, which would add up to $12 or R144 a year, and donate the rest to rebuild the country's "crumbling infrastructure".

6. Cyril Ramaphosa

Ramaphosa's R3.6 million salary earns him the sixth spot on the list of richest presidents in the world.

Both Ramaphosa and his predecessor's salaries had reached widespread criticism from citizens, who felt it was unnecessary for the presidents to receive such a high salary, especially taking into consideration the economic situation of the county.

After Ramaphosa's salary was announced, many speculated whether the South African billionaire would also forfeit his paycheck. But, thus far it seems the head of state would be cashing out each month.

7. Angela Merkel

Following the South African president on the list is Germany's female prime minister Angela Merkel with an annual salary of R3.2 million.

8. Justin Trudeau

Canada's prime minister Justin Trudeau takes the eight place on the list, earning R3.1 million a year.

9. Leo Varadkar

Ireland's Leo Varadkar earns R2.8 million a year, earning him the ninth place on the list of wealthiest world leaders.

10. Emmanuel Macron

The 40-year-old French president, Emmanuel Macron, comes in last on the list, with an annual salary of R2.6 million.

What are your thoughts on the world leaders' salaries? Leave us a comment on our Facebook page or inbox us your story and we could feature it.

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Source: Briefly.co.za

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