in , ,

The Ten Richest African Presidents; 2018 Ranking

Here is the ranking of the richest heads of state in Africa

1. MOHAMMED VI:  The King of Morocco, in power since 23 July 1999, is Africa’s richest head of state. His fortune is estimated at 6 billion US dollars. Mohamed VI is not only a head of state, he is also a powerful businessman. He and his family are majority shareholders in the National Investment Company, a holding company, which invests in several areas of activity (mining, food processing, retail and financial services …)

2. TEODORO OBIANG NGUEMA MBASOGO
President Teodoro Obiang Nguema Mbasogo is the second Head of State of the Republic of Equatorial Guinea. He has been in office since October 12, 1982. According to the Forbes newspaper, he is one of the richest presidents on the planet. Its wealth is estimated at 650 million US dollars. And it seems that his fortune comes from a large part of the international drug traffic.

3. UHURU KENYATTA  Uhuru Kenyatta is the 3rd President of the Republic of Kenya. He has been in office since 9 April 2013. He is the fourth most wealthy head of state in Africa. His fortune is estimated at 510 million US dollars. It is in real estate that Uhuru Kenyatta has won the majority of his fortune.

4. Patrice Talon  President of the Republic of Benin since April 6, 2016, Patrice Guillaume Athanase Talon is the fourth richest head of state in Africa. He made his fortune in the field of agricultural inputs in the 1980s, then the ginning of cotton in Benin during the 1990s and 2000s. His personal fortune is estimated at $ 410 million.

5. Ali Bongo
Son to Papa, one of the great actors of Françafrique, the Gabonese president is the fifth richest president of the African continent. His fortune is estimated at $ 280 million /

6. Joseph Kabila –  Joseph Kabila is the President of the Democratic Republic of Congo. He has been in office since January 17, 2001 after the assassination of his father Laurent-Désiré Kabila. His fortune is estimated at 254 million dollars.

Loading...

7. PAUL BIYA –  In Yaounde, Paul Biya is said to be the least paid president in Africa. Yes, it’s probably true. But it’s after having amassed a good fortune. Cameroonian President Paul Biya is the seventh most wealthy head of state in Africa. His fortune is estimated at 203 million US dollars

8. MSWATI III –  Mswati III (born Prince Makhosetive Dlamini on April 19, 1968) is the current king of Swaziland. He is the 67th son of King Sobhuza II and the only child of his mother, Ntombi Tfwala. He succeeded his father in 1986 after a regency of four years.

Currently, he is the last absolute monarch of Africa: he governs by decree and opposes the establishment of democracy in his country. He nevertheless restored the parliament that his father had dissolved. In 2004, the Senate passed a constitution reinforcing its hold on Swaziland’s governance. It then reinforces its power by defending authoritarian interpretations of this constitution, for example by prohibiting any court of law the pursuit of the king or his advisers.

While Swaziland is mainly rural and is one of the poorest countries in the world, and its population is suffering from AIDS (25.9% infected) and drought, King Mswati III is renowned for its passion for luxury cars: in 2004 and 2005, he bought for himself and his women twenty BMW 5 and 7 series cars, as well as a 500,000 USD Daimler-Chrysler Maybach. His fortune is estimated at 102 million US dollars

9. IDRISS DEBY ITNO –  Africa has the opportunity to hit its own currency. And if it is the financial means that are missing, we must ask a little money to Idriss Déby Itno. Ah yes ! In office since 28 February 1991, the Chadian president is one of the richest heads of state on the black continent. His fortune is estimated at 56 million US dollars

10. Alassane Dramane Ouattara –  In office since 6 May 2011, the Ivorian President is one of the richest heads of state on the African continent. Having not declared his fortune, it is difficult to know how much the current Ivorian president holds. However, we know that in 2016, Alassane Dramane Ouattara held 43.6 million US dollars hidden in 5 bank accounts abroad

 

Loading...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

In Honour of Nelson Mandela, South African Firm Develops Virtual Reality Experience

Angola’s Ex-president dos Santos Steps Down as Ruling Party Leader After 4 Decades