Top 10 Richest Presidents In Africa 2022 and their net worth
Politics in Africa is perceived by many to be an act by politicians to exploit or make wealth. This motive has caused a multitude to believe it’s an unclean game.
Despite the abundance of Africa-rich humans (a large portion of her population are youthful) and natural minerals (oil reserves, gold, platinum, tin, diamond, and other precious metals and a few mentioned) the continent continues to thrive in poverty. Africa’s population is believed to be 1.216 billion people as ta (2016).
The majority of African believe that the office of the president is used to dupe the poor citizenry and bulk up the bank accounts of African leaders and their families.
This article focuses on the Top Ten Richest Presidents in Africa.
Mohammed VI, Morocco
The very first on our list is the Morrocan Sovereign ruler who is also the president. Born in August 1963 in the capital of Morocco, Rabat. He has been ruling the country for 15 years and counting, after the demise of his father, King Hassan II. He is reported to be the most educated president on the African Continent. Has up to 15 different degrees from different prestigious institutions worldwide.
President Ali Bongo Ondimba, Gabon
President Ali Bongo Ondimba has been ruling the people of Gabon for 10 years and counting since assuming the highest office in October 2009 till date. Gabon’s economy is largely dependent on oil as they have been ranked the fifth-largest oil producer in Africa.
Unfortunately, the majority of Gabonese still live in extreme poverty and do not have access to basic amenities. President Ali Bongo spent $129 million for a mansion in Paris (Daily Mail that the president spent)
Uhuru Kenyatta, Kenya
Being fourth president of the people of Kenya, President Uhuru Muigai Kenyatta was born on October 26, 1961. On the 9th of April 2013, he occupies the seat of the Presidency and he is unquestionably one of the richest men in the county of Kenya.
He earlier served in the Government as Minister for Local Government from 2001 to 2002 before becoming a president.
The former Local Government Minister turned president accumulates a large lump of his affluence in the real estate industry owning land of over 500,000 acres in Kenya.
Additionally, Uhuru also has stakes (shares) in Kenyan media companies, hotels, and banks among others; which amount to his sources of wealth.
Teodoro Obiang Nguema Mbasogo, Equatorial Guinea
The fourth leader on our list is President Teodoro of Equatorial Guinea. He was born on 5th June 1954 in Acoacán, Guinea. He has been ruling for 34 years and counting. President Teodoro occupies the office after a military coup overthrew his uncle from office in the year 1979 in a military coup.
A large chunk of his wealth is believed to have been acquired through looting and plundering the oil-rich nation. It has been reported that the people of Equatorial Guinea are (living below $1 per day) because the president does not share any of the country’s wealth with the citizens.
He has been living lavishly in a $35-million estate built in Malibu and having three Buggati Verona costs $1.7-million.
Paul Kagame, Rwanda
Fifth on our list is President Paul Kagame and he is one of the well-known African presidents due to his interventions to make Kigali the cleanest city in Africa. He is the Sixth President of Rwanda. He occupied the office in the year 2000. President Kagame was born on the 23rd of October 1957 in Ruanda-Urundi.
He was a soldier in the Armed Forces before entering active politics, and as such one of his notable and memorable acts was his contribution to help put a stop to the Rwandan Genocides in the year 1994.
His style of leadership has been questioned heavily and criticized by citizens and Amnesty International.
King Mswati III, Swaziland
Being the king of the famous landlocked kingdom and rich in culture Southern African Nation,(Swaziland), he is on our list as the eighth Richest President in Africa. He has been in office for more than 30 years.
Despite the fact that a whopping majority of over 60% of the population living below the poverty line($1.25) per day, King Mswati still lives lavishly and expensively amidst criticism. He is currently married to 15 wives with each living in her own expensive apartment. King Mswati has about 13 different palaces, a number of Mercedes and BMW cars including at least one Rolls Royce, and a $500,000 Maybach 62. He also has a private jet that is estimated to cost $17 million and was reported to have been purchased with public funds.
Matamela Cyril Ramaphosa, South Africa
President Matamela Cyril Ramaphosa is the seventh on our richest Presidents list. He is currently the sitting President of South Africa.
Cyril was formerly a known businessman, Vice President, and activist before he succeeded Jacob Zuma in 2017. He was elected President on May 22 by the National assembly (Election).
Paul Biya, Cameron
Among the various richest presidents in Africa, Paul Biya has been the President of Cameron for 37 years of running in the office. He assumed the office in 1982.
Born on 13th February 1933 in Mvomeka’a and has been married twice. After the death of His first wife Jeanne-Irène Biya on 29 July 1992, he again got married on 23rd April 1994 to Chantal Biya.
President Biya is the richest man in Cameroon. It was reported that Biya lives an expensive and lavish lifestyle and he spends approximately $40, 000 on accommodation alone during holidays.
He also he has houses, investments, and businesses in other countries. He is said to be autocratic rather than democratic in his leadership style and the citizens’ displeasure with his style.
President Isaias Afwerki, Eritrea
The Eritrean president is the ninth richest president on the continent. It is surprising that President Afwerki is the only president of Eritrea. He has been presiding over the country since they gained independence in the year1993.
His leadership quality has been questioned because of how his rules use a strict style of governance.
President Joseph Kabila,D.R Congo
The very last on our list as we bring the curtains down is president Joseph Kabila Kabange of the Democratic Republic of Congo. He took over from his late father President ) in 2001 (Laurent-Désiré Kabila who was assassinated). He is believed to have many investments in Congo.