Heads of state are elected to lead and serve their country. Apart from leading their nations, some of them have ventured into other businesses that fetch them a lot of wealth. This list reveals the details of the richest president in Africa. It also points out how some have acquired their riches.
Africa is perceived to be an impoverished continent. However, it is interesting how some of the heads of states have a hefty net worth. Who is the richest president in Africa? This list shades more light on the heads of state and how much they are worth.
Who are the top richest presidents in Africa?
How do heads of state make their wealth apart from the salaries that they earn? These details of the top 10 richest presidents in Africa decipher how some of them have topped the list.
1. King Mohammed VI - $2.1 billion
King Mohammed VI is the current King of Morocco. He got into power in 1999 after his father King Hassan II died. He was appointed as the prince and his father's apparent heir on 21st August 1963.
King Mohammed VI net worth is estimated to be $2.1 billion. He is considered to be one of the leading agricultural producers and landowners in his country.
2. Ali Bongo Ondimba - $1 billion
Ali Bongo Ondimba is the president of Gabon. He also holds the second position as the richest president in Africa 2020. He took over the status of the president in 2009 after the death of his father, Omar Bongo, who had ruled the country since 1967. Before he became the head of state, he had served several positions in his father's government, among them, minister of foreign affairs and deputy in the national assembly.
Ali Bongo net worth is estimated to be $1 billion. However, there are controversies about the source of his wealth and corruption. In 2017, he made headlines when he was spotted driving with Lionel Messi in a flashy car in the country's capital.
3. Teodoro Obiang Nguema Mbasogo - $600 million
Teodoro Obiang Nguema Mbasogo is the current president of Equatorial Guinea. He became the president of Equatorial Guinea in 1979 when he ousted his uncle in a military coup.
Teodoro Obiang Nguema Mbasogo net worth is estimated to be $600 million although the source of his wealth is controversial. There are claims that he has looted the oil-rich country to amass the wealth.
4. Uhuru Kenyatta - $500 million
Uhuru Kenyatta is the fourth president of the Republic of Kenya. He is the son of the first president of Kenya and was elected into power during the 2013 elections. Before he became the president, he had been a politician whose transcendence to the higher ranks was admirable.
Despite his flourishing political career, he was charged at the International Criminal Court for crimes against humanity after the country's elections in 2007. Uhuru Kenyatta net worth is estimated to be $500 million.
5. Paul Kagame - $500 million
Paul Kagame is the forth and current president of Rwanda. He got into power in 2000 after the resignation of Pasteur Bizimungu. He has been recognised among the most repressive and most impressive leaders.
Paul Kagame net worth is estimated to be $500 million. In 2012, through a report that was released by the Financial Times, it was revealed that Kagame and his family have a massive influence in the country's economy through a company called Crystal Ventures.
6. Cyril Ramaphosa - $500 million
Matamela Cyril Ramaphosa is the president of the Republic of South Africa. He took over office after Jacob Zuma in 2018. Before then, he had served as the country's vice president between 2014 and 2018.
Cyril Ramaphosa net worth is estimated to be $500 million. Before he got into power, he was a renown businessman who owned several mining companies. He is also the chairperson of Shanduka Group.
7. Abdel Fattah el-Sisi - $185 million
Abdel Fattah Saeed Hussein Khalil el-Sisi is the sixth and the current president of Egypt. He got into office in June 2014, after serving several top military positions. Abdel Fattah Saeed Hussein Khalil el-Sisi net worth is estimated to be $185 million.
8. King Mswati III - $100 million
King Mswati III is the head of the Swazi Royal family and the king of Eswatini. He was crowned as king at the age of 18; hence, he was recognised as the youngest ruling monarch then.
King Mswati net worth stands at $100 million. He has faced international criticism because of his lavish lifestyle.
9. Isaias Afwerki - $100 million
Isaias Afwerki is the current president of Eritrea. He took over the office in 1993 after the country attained independence. Isaias has been faced with criticism regarding leading a totalitarian government. Amnesty International has also made claims of Isaias' government has imprisoned 10,000 political prisoners. Isaias Afwerki net worth currently stands at $100 million.
10. Idriss Déby - $50 million
Idriss Déby is the sixth president of Chad. He has been in power since 1990. He got into power as president during the coup and has then won the five presidential elections that the country has held. He was in the limelight internationally when he claimed that Petronas and Chevron had not paid taxes worth $500 million. Idriss Déby net worth is estimated to be $50 million.
What are your thoughts about the list of the richest president in Africa? Do you think heads of states should be that rich?