The rulers of the world are endowed with power and richest, but wich ones of them are the richest in Africa? Get the list of ten names of the wealthiest presidents and monarchs.
Africa is deemed to be the second most populated continent. Yet, its inhabitants are listed among the lushest and the poorest people of our modern world. Our top 10 richest African presidents and monarchs’ list presents you with the ranking of these rulers by their level of wealth. Plus, you can find a collection of fun facts on Africa and its governors.
Several interesting facts on top African richest presidents and rulers:
- Longest ruling leaders in the world are all set in Africa
- The oldest African president rules in Zimbabwe
- 47 states in Africa are ruled by persons, who have been in authority for two or more decades
- The oldest African president is also the most educated one. He has gotten 7 degrees during his lengthy life
- Zimbabwe (Robert Mugabe) is the second most educated country in Africa
- Nigeria is celebrated for having the largest number of monarchs on the globe
- The last absolute monarchy in the world is found in Swaziland
- The longest ruling term among still living presidents and dictators has Teodoro Obiang Nguema Mbasogo from Equatorial Guinea (over 35 years)
1. Jose Eduardo dos Santos
Net worth: 20 billion dollars
There is a good question to ask: is Jose Edurdo dos Santos a president or a dictator? He is one of those guys, who gets hold of power and never lets it go. He has been elected for the first time in 1979 and he still clings to it. He also has some good reasons to do so. The yearly budget for the president and his expenses comes up almost to $2 billion.
At the same time the healthcare budget for the same year (2013) comes up only to little over $1.5 billion for the entire country. The president has been at the helm for 35 years.
It is said that for the first few years of his ruling he had just two suits and few shirts. He has fixed the situation very successfully. His daughter has become the richest lady in Africa and the wealthiest black woman in the world.
2. Mohammed VI of Morocco
Net worth: 2.1 billion dollars
Here is another persistent and lasting ruler on our list of the top 10 richest African presidents and monarchs. He has been on that throne for over 15 years. The sources of his riches are many. For instance, he invests in food production, such as sugar and milk. Plus, he has gotten a heritage – 40 percent of the stake in largest bank of his state.
The good thing is this person has made some great promises to his citizens and kept them. Economics has improved during his rule. He has been heavily investing in healthcare, education and employment development. Plus, he has been able to diminish the level of corruption in the state organs.
3. Teodoro Obiang Nguema Mbasogo
Country: Equatorial Guinea
Net worth: 600 million dollars
This guy is our champion among the longest ruling dictators of Africa and on our globe. He has been there for over 35 years. Despite the fact that Equatorial Guinea has one of the utmost GDP per capita, lots of people there live on just 1 dollar a day.
Daily this country sells huge amounts of oil. In fact, its GDP is higher than that of South Korea or Italy. No wonder the longest ruling president was able to accumulate so much money. Few years ago he has lost part of it (70 million dollars); the money got arrested and confiscated from his son’s bank accounts in USA.
4. Uhuru Kenyatta
Net worth: 500 million dollars
Forbes has counted his fortune to be over half a billion dollars. The main source of his wealth derives from the acreage possession. His father (the first Kenyan president) has bought huge lots of land from the British at the very affordable price.
Plus, Kenyatta owns the largest diary company in the country along with some stake in banks and TV stations. His mother is listed among the top 3 richest ladies in Africa. This “golden boy” has got it all to start and end well. However, he has started small. While getting his education in US, he worked in Burger King.
5. Oba Obateru Akinrutan
Country: Ugbo Land, Nigeria
Net worth: 300 million dollars
His riches come from oil as he owns Obat Oil Company. he possesses many gas stations around Nigeria and the largest deposits used for oil storage. Plus he owns a great deal of land and properties in Abuja and in other locations.
6. Jacob Zuma
Country: South Africa
Net worth: 215 million dollars
Zuma beats Paul Biya in the contest of the presidents, who make the most money for their services. Zuma is reported to get over 75 million dollars annually for being the president of South Africa.
The major sources of his wealth are investments, real estate, brands, catering and even a football team. His first presidential term was served in 2007. Several times throughout his career Zuma was charged with criminal accusations in corruption and even rape. However, none of them were proven in the court.
7. Paul Biya
Net worth: 200 million dollars
Here is an interesting about Biya, who is on our list of richest African presidents. Presently he is one ofthe most highly paid official in the whole world. Annually he makes over 57 million dollars. He has been occupying his position for over thirty years.
He has turned 82, which makes him the second oldest president in Africa. In this list of the best paid presidents he wins the competition by 30 million dollars compared to the guy taking the second place.
8. King Mswati III
Net worth: 100 million dollars
For a definite span of time he remained the youngest king in the world (being enthroned at the age of 18). Presently he is the only one of them endowed with the absolute power in the state.
He may not be as rich as other people on our list, but he comes from a country with more than half of population surviving for just few dollars a day and over 20 percent of it suffers from HIV or AIDs.
9. Idriss Deby
Net worth: 50 million dollars
He has been at the helm since 1990. Idriss promised to reform the country and install democracy and justice. Instead he has been presiding the nation since the term of his first election. He got reelected 4 more times and finally canceled the limitation for the number of elections one can undergo.
The level of corruption and poverty has immensely increased in Chad, which did not stop the president from becoming one of the African richest and accumulating his fortune. It is said he has acquired a large slice of the aid money sent to his state.
Net worth: 10 million dollars
Here is our oldest African president. He is 91 years old. First he came to power in the 80ss of the last century. It seems like there is a large gap between our number 9 and 10. However the family of Mugabe is very wealthy and 10 million is just what he has to his own name.
READ ALSO: Top ten richest men in Africa.
His rule brought a considerable dump to the economy of Zimbabwe. Still, he keeps on ruling the country regardless of his ripe old age.
As you see, the poverty of the nations does not hinder these rulers from being on the top 10 richest African presidents and monarchs list. Some of them have done lots of good for their countries, while others cared only about their personal wellbeing.