We bring to you the richest presidents in Africa currently. The continents of Africa is a land of abundance with rich human and mineral resources that drive and contribute to the global economy. The dark continent as some refer it to be is home to 1 billion people.
1. Mohammed VI of Morocco
Networth- $ 2.5 billion
Mohammed was the second child and oldest son of Hassan II and his secondary wife, Lalla Latifa Hammou. On the day of his birth, Mohammed was appointed Heir Apparent and Crown Prince. His father was keen on giving him a religious and political education from an early age; at the age of four, he started attending the Quranic school at the Royal Palace.
Mohammed VI is Morocco’s leading businessman and banker. In 2015, he was estimated by Forbes magazine to be worth US$5.8 billion, and the Moroccan Royal Family has one of the largest fortunes in the world.
Along with his family, they hold the majority stakes in the Société Nationale d’Investissement (SNI), which was originally state-owned but was merged in 2013 with Omnium Nord Africain (ONA Group), to form a single holding company that was taken off the Casablanca Stock Exchange—resulting in the scrapping of an equivalent of 50 billion Dirhams Marketcap (~US$6 billion).
SNI has a diverse portfolio consisting of many important businesses in Morocco and operating in various sectors such as; Attijariwafa Bank (banking), Managem (mining), Onapar, SOMED (tourism/real-estate and exclusive distributor of Maserati), Wafa Assurance (insurance), Marjane (hypermarket chain), Wana-Inwi (telecommunications), SONASID (Siderurgy), Lafarge Maroc (cement manufacturer), Sopriam (exclusive distributor of Peugeot-Citroën in Morocco), Renault Maroc (exclusive distributor of Renault in Morocco) and Nareva (energy).
SNI also owns many food-processing companies and is currently in the process of disengaging from this sector. Between mid-2012 and 2013 SNI sold; Lessieur, Centrale Laitière, Bimo and Cosumar to foreign groups for a total amount of ~$1.37 billion (11.4 billion Dirhams including 9.7 billion in 2013 and 1.7 in 2012).
2. Ali Bongo Ondimba
Networth- $ 2billion
Ali Bongo is the son of Omar Bongo, who was President of Gabon from 1967 until his death in 2009. During his father’s presidency, he was Minister of Foreign Affairs from 1989 to 1991 and represented Bongoville as a Deputy in the National Assembly from 1991 to 1999; subsequently, he was Minister of Defense from 1999 to 2009. Following his father’s death after 41 years in power, he was first elected in the August 2009 presidential election. He was re-elected in August 2016, in elections marred by numerous irregularities, arrests, human rights violations, and post-election violence. Bongo is also President of the Gabonese Democratic Party.
3. Teodoro Obiang
Teodoro Obiang Nguema Mbasogo is an Equatoguinean politician who has been President of Equatorial Guinea since 1979. He ousted his uncle, Francisco Macías Nguema, in an August 1979 military coup and has overseen Equatorial Guinea’s emergence as an important oil producer, beginning in the 1990s.
4. Paul Kagame
Net Worth: $ 500million
Paul Kagame ( born 23 October 1957) is a Rwandan politician and former military leader. He is currently the President of Rwanda, having taken office in 2000 when his predecessor, Pasteur Bizimungu, resigned. Kagame previously commanded the rebel force that ended the 1994 Rwandan genocide. He was considered Rwanda’s de facto leader when he served as Vice President and Minister of Defence from 1994 to 2000. He was re-elected in August 2017 with an official result of nearly 99% in an election criticized for numerous irregularities. He has been described as the “most impressive” and “among the most repressive” African leaders.
It was reported by Daily Mail that the president spent 4129 million for a mansion in Paris.
5. Uhuru Kenyatta
Uhuru Muigai Kenyatta (born 26 October 1961) is a Kenyan politician and businessman who is the fourth and current President of the Republic of Kenya. He served as the Member of Parliament (MP) for Gatundu South from 2002 to 2013. Currently the party leader and a member of the Jubilee Party of Kenya, he was previously involved with The National Alliance and before that the Kenya African National Union.
He is the son of Jomo Kenyatta, Kenya’s first President, and his fourth wife Mama Ngina Kenyatta. Uhuru was re-elected for a second term in the August 2017 general election, winning 54% of the popular vote. The win was formally declared on national television by the Chairman of the Independent Electoral and Boundaries Commission Wafula Chebukati. However, Uhuru’s election was successfully challenged in the Supreme Court of Kenya by his main competitor, Raila Odinga. On 1 September 2017, the court declared the election invalid and ordered a new presidential election to take place within 60 days from the day of the ruling. A new presidential election was held on 26 October, which he won, with 39% participation due to voter fatigue, voter apathy and being boycotted by the opposition.
6. Paul Biya
Paul Biya (born Paul Barthélemy Biya’a bi Mvondo; 13 February 1933) is a Cameroonian politician serving as the President of Cameroon since 6 November 1982.
A native of Cameroon’s south, Biya rose rapidly as a bureaucrat under President Ahmadou Ahidjo in the 1960s, serving as Secretary-General of the Presidency from 1968 to 1975 and then as Prime Minister of Cameroon from 1975 to 1982. He succeeded Ahidjo as president upon the latter’s surprise resignation in 1982 and consolidated power in a 1983–1984 staged attempted coup in which he eliminated all his rivals.
7. Isias Afwerki
Isaias Afwerki Tigrinya:born 2 February 1946) is the first President of Eritrea, a position he has held since its independence in 1993. He led the Eritrean People’s Liberation Front (EPLF) to victory in May 1991, thus ending the 30-year-old Eritrean War of Independence. Isaias is the leader of the country’s sole legal political party, People’s Front for Democracy and Justice (PFDJ). He has been cited for human’s rights violations by the United Nations and Amnesty International. In 2015, Reporters Without Borders ranked Eritrea under the government of President Isaias Afewerki last in its press-freedom index for the eighth year running.
8. Hage Geingob
Networth- $ 110Million
Hage Gottfried Geingob (born 3 August 1941) is the third and current President of Namibia, in office since 21 March 2015. Geingob was the first Prime Minister of Namibia from 21 March 1990 to 28 August 2002, and served as Prime Minister again from 4 December 2012 to 21 March 2015. Between 2008 and 2012 Geingob served as Minister of Trade and Industry. He was Vice-President of the South West Africa People’s Organization (SWAPO) from 2007 to 2015 and became acting President in 2015 when his predecessor, Hifikepunye Pohamba, stepped down.
9. king mswati 111
Mswati III is the King of Eswatini and head of the Swazi Royal Family. He was born in Manzini, Eswatini, to King Sobhuza II and one of his younger wives, Ntfombi Tfwala. He was Tfwala’s only child. He attended primary school at Masundvwini Primary School and secondary school at Lozitha Palace School.
10. Joseph Kabila
Joseph Kabila Kabange and his twin sister Jaynet Kabila were born on 4 June 1971. According to official accounts, the twins were born at Hewabora, a small village in the Fizi territory of the South Kivu province, in eastern Congo. Rumors have abounded that Kabila was actually born in Tanzania, which would make him a citizen of that country. He is the son of a longtime rebel, former AFDL leader and president of the Congo Laurent-Désiré Kabila and Sifa Mahanya.
Kabila’s childhood coincided with the low point of his father’s political and military career. He was raised in relative remoteness, with few records of his early days. Kabila attended a primary school organized by his father’s rebel forces, before moving to Tanzania where he completed primary and secondary school. Due to his father’s status as an enemy of Zairean strongman Mobutu Sese Seko, Kabila posed as a Tanzanian in his school years to avoid detection by Zairean intelligence agents.
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