Richest African Presidents 2014

Africa is the second largest continent in the world.
It is also world’s second most populous continent
and regarded as the poorest continent. There are
47 nations in Africa, led by different leaders who
havebeen ruling for several decades. Some of
these leaders and their families are very rich and
their wealth are considered ill-gotten. They make
their wealth from natural resources of these
nations through the creation of companiesunder
the names of their families. Here is a brief
overview of the richest Presidents in Africa.
The 9 Richest African Presidents and Kings as of
2014:
9) Robert Mugabe – Net Worth: $10 Million
Country: Zimbabwe, Years in Power: 26
Robert Mugabe is the President of Mugabe. His net
worth is estimated to be around $10 million. The
dictator’s family is very wealthy. Mugabe has won
many elections, although frequently these have
been criticized by outsiders for violating various
electoral procedures.
8) Idriss Deby – Net Worth: $50 Million
Country: Chad, Years in Power: 23
Idriss Deby has been the President of Chad since
1990. His net worth is estimatedto be $50 million.
Towards the end of August 2006, he
made international newsafter calling for his nation
to have 60 percent stake in its output after
receiving crumbs from foreign companies running
the industry.
Country: Nigeria, Years in Power: 4
Goodluck Jonathan is the President of Nigeria. His
net worth is estimated to be around $100 million.
He launched a “Roadmap for Power Sector
Reform”, launched the Youth Enterprise with
Innovation in Nigeria and launched the
Transformation Agenda. He is a member of the
ruling “People Democratic Party”.
6) King Mswati III – Net Worth: $100 Million
Country: Swaziland, Years in Power: 28
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;
down $100 million of his 2012 ($200 million)
fortune. The King has often been criticized for his
lavish spending. In 2009 summer, several of his 13
wives reportedly spent over $6 million in a
shopping spree. In the 2014 budget, parliament
allocated $61 million for the King’s annual
household budget, while 63 percent of Swazis live
on less than $1.25 per day. His luxury car
collection include a $500,000 Daimler Chrysler’s
flagship Maybach 62. And has banned the
photography of his cars.
5) Paul Biya – Net Worth: $200 Million
Country: Cameroon, Years in Power: 31
Paul Biya has been the President of Cameroon
since November 6 1982. Hisestimated net worth is
around $200 million; this figure was published by
the ForeignPolicy.com. Around 48 percent of the
citizens of Cameroon live below the poverty line.
Catholic Committee against Hunger and for
Development (CCFD) and several on-and-offline
media has placed him in the list of leaders with ill-
gotten wealth. In 2009, French online newspaper,
Rue 89, reported the Cameroon President’s
vacation was the top most expensive among world
leaders. More than that of the American President.
He was criticized for spending 30,000 euros
($40,000) per day on renting a villa.
4) Uhuru Kenyatta – Net Worth: $500 Million
Country: Kenya, Years in Power: 1
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. He is regarded as
man of the people due to his sociability. During his
inaugural speech, he promised economic
transformation through Vision 2030, free maternal
care and unity among all Kenyans.
3) Teodoro Obiang Nguema Mbasogo – $600
Million
Country: Equatorial Guinea, Years in Power: 34
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. This
President and his family literally own the economy,
his personal fortune exceed $600 million,
according to Forbes Magazine. In October 2011,
the United States government seized $70 million
assets of his son, Teodoro Nguema Obiang
Mangue. Though Equatorial Guinea is Africa’s
second richest nation, majority of the population
actually live under the poverty line.
2) Mohammed VI of Morocco – Net Worth: $2.5
Billion
Country: Morocco, Years in Power: 15
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 and he immediately set
about improving upon his appalling human rights
record and alleviating poverty.
1) Jose Eduardo dos Santos – Net Worth: $20
Billion
Country: Angola, Years in Power: 34
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. Around 70
percent of Angolans live on less than two dollars a
day. 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.
- RichestLifestyle.com