The richest people in Africa could easily be former and current presidents and rulers of African countries. But don’t expect to find them on prestigious publications like FORBES rich list.
7. Sani Abacha
Hypothetically, Sani Abacha, Nigeria’s previous military ruler, was a very rich person – and not in naira, but rather in dollars.
At the time he kicked the bucket in 1998, the Nigerian government revealed over $3 billion connected to the cruel dictator held in individual and intermediary financial balances in duty asylums as differing as Switzerland, Luxembourg, Jersey and Liechtenstein.
Taking after a progression of arrangements between the Nigerian government and the Abacha family, Abacha’s first child, Mohammed in the long run returned $1.2 billion to the Nigerian government in 2002.
6. Mobutu Sese Seko
Another hypothetical very rich person was Mobutu Sese Seko, the previous president of the Democratic Republic of Congo. Over his 30-year rule as leader of the asset rich Central African nation, Sese Seko amassed an individual fortune evaluated by different sources (counting Transparency International) at some place between $1 billion and $5 billion. Specialists accept for all intents and purposes every last bit of it was illegally procured from the country’s coffers and buried in Swiss banks.
While his rule kept going, Sese Seko earned a global reputation as a notice kid for the overabundances of run of the mill African autocrats. He possessed a string of extraordinary Mercedes autos and partitioned his time between extravagant palatial living arrangements in Paris and Lausanne, Switzerland. He likewise added to a unique taste for pink Champagne and flew in new cakes from Paris for his utilization.
5. Ibrahim Babangida
However, one of the wealthiest, yet lesser-discussed African pioneers to rise up out of Africa is Nigeria’s previous military president, Ibrahim Babangida. The hole toothed military general and self-acclaimed “Shrewdness virtuoso” is informally one of the wealthiest men in Nigeria and in Africa.
The 70 year-old previous military ruler administered Nigeria from 1985 to 1993 and is generally accepted to have washed some $12 billion earned from an oil benefit amid the 1992 Gulf War. To date, Babangida has not gave any sensible record to the cash –all of which vanished bafflingly. Since unimaginably well off and powerful Nigerians are commonly exempt from the rules that everyone else follows, Babangida strolls around as a liberated person today. Right now, Babangida’s riches is put through a few intermediaries in a series of organizations possessed or oversaw by well off Nigerian representatives. One of the more mainstream Nigerians who has reliably been fingered as a front man for Babangida’s monetary hobbies is tycoon Mike Adenuga who appeared on the FORBES World’s Billionaires rundown in March.
4. Daniel Arap Moi
In Kenya, there is previous president Daniel Arap Moi, who is informally one of the wealthiest men in the nation. Amid his 28-year principle, which kept going from 1978 to 2002, Moi broadly directed about a billion dollars from his nation’s coffers to family-claimed financial balances and private bequests over the world utilizing a web of shell organizations, mystery trusts and front men, as per Kroll Associates, a corporate examination and danger consultancy organization.
Kroll delivered a definite report of Moi’s unlawfully obtained fortune, which is accessible here. As per the report, Moi’s advantages, some of which are held in his youngsters’ name, incorporate significant money stores to the tune of countless dollars, a 10,000-hectare ranch in Australia and controlling stakes in oil organizations, banks and transporting organizations, among different concerns. Be that as it may, don’t expect the matured previous president to be indicted at any point in the near future; he has following sunk into retirement and has now taken upon the fairly in vogue part of senior statesman. He much of the time exhorts the Kenyan President Mwai Kibaki on matters of state.
3. Hosni Mubarak
All the more as of late, when Egypt’s previous President Hosni Mubaraksurrendered taking after the 2011 Egyptian upset, different news sources pried into the fortune of the man who governed the nation for a long time. A couple of news sources absurdly pegged Mubarak’s fortune at $70 billion, an assume that Forbes editors accept was to a great degree misrepresented and generally dubious.
Solid figures are still really rare, yet being extremely acquainted with the voracious inclinations of most by far of African despots so to speak, it is verging on sure that Mubarak occupied a huge measure of his nation’s assets into his own piggy bank. What’s more, don’t be astounded on the off chance that it’s the area of 9 to 10 figures.
2. Teodorin Obiang
At this point you’re most likely acquainted with Equatorial Guinea’s President,Teodorin Obiang, who has ruled the destitution stricken, yet oil-rich nation for a long time. Obiang is the main African despot whose riches has been evaluated by FORBES. In any case, Obiang is marvelously well off by any benchmarks.
In 2006, FORBES assessed his fortune at $600 million, and despite the fact that his administration disapproved of the rundown and rushed to blame FORBES for considering state property his own benefits, it has been entrenched that Obiang has a virtual hold on the nation’s financial balances and regards it as his own piggy bank. Obiang’s eldest child has picked up a universal ignominy for his shocking way of life and costly toys, which incorporate a $10 million auto accumulation, a $30 million Malibu manor, a $38.5 million Gulfstream plane and $2 million of Michael Jackson memorabilia.
1. Muammar Gadhafi
Libyan tyrant Muammar Gadhafi had “furtively salted away more than $200 billion in ledgers, land and corporate ventures far and wide before he was executed.”