10 Richest Presidents in Africa Most African leaders see leadership as an
opportunity to enrich themselves with the mandate to serve their people.
Countries leading to the corruption menace are mostly African countries, and, in most
cases, are under the web of their presidents and people close to them.
Some are genuine business people, but the seat of the presidency and its influence come
with loopholes to grow their vast businesses.
They also have a ranking in terms of wealth.
However, Africa is often perceived as the poorest continent in the world.
A lot of world leaders attribute this to poor governance and political instability.
It is often said that most African leaders take up leadership positions for their own
gain.
How true is that?
Join Africa reloaded today on a swift adventure and take a look at the 10 richest presidents
in Africa.
If you are new welcome, make sure to like, share, subscribe and also turn on your notifications
for incoming videos.
10 Isaias Afwerki, Eritrea, a net worth of $100 million
He was born on the 2nd of February 1946, and was the first and current president of Eritrea,
a position he has held since after the Eritrean war of independence in 1993.
He led the Eritrean people’s liberation front to victory in May 1991, ending the 30
year old war for independence.
He is the leader of Eritrea’s sole legal political party, the people's front for democracy
and justice.
He has been cited for human rights violations by the United Nations and Amnesty International.
In 2015, reporters without borders ranked this country under the government of President
Isaias last in its press-freedom index for the eight year running.
9 Abdel Fattah El-Sisi, Egypt, 185 million dollars in net worth
He is an Egyptian politician who is the sixth and current President of Egypt, a former director
of military intelligence, a minister of defense, and a former general.
Starting on 10 February 2019, Sisi also began serving a one-year term as chairperson of
the African Union, which will be concluded in 2020.
More importantly, he was born in Cairo and, after joining the military, he held a post
in Saudi Arabia before enrolling in the Egyptian army’s command and staff college.
Sisi received training for the joint services command and staff in the United Kingdom in
1992.He attended the United States Army War College in Carlisle, Pennsylvania, in 2006.Sisi
served as a mechanized infantry commander and then as the director of military intelligence.
Following the Egyptian revolution of 2011 and the election of Mohamed Morsi to the Egyptian
presidency, Morsi appointed Sisi as Minister of Defense on August 12, 2012, replacing Mubarak-era
Hussein Tantwi.
8 Paul Biya, Cameroon, 200 million dollar net worth
He is a Cameroonian politician who has been ruling the country as its second president
since 6 November 1982, making him one of the longest-serving presidents in the world.
He is also the oldest person in Africa, at 87 years of age.
Biya's net worth of $200 million has kept him on the list of the richest African presidents
for a long time.
The Cameroonian spends his wealth lavishly as he is known to take frequent vacations,
some lasting up to 3 months at the time, from his country to Switzerland and France.
7 Swaziland's King Mswati III has a net worth of $200 million.
Mswati III is the king of Eswatini and the head of the Swazi Royal family.
He was born in Manzini in the protectorate of Swaziland to King Sobhuza II and one of
his younger wives, Ntfombi Tfwala.
He was crowned as Mswati III, king of Swaziland, on 25 April 1986 at the age of 18, thus becoming
the youngest ruling monarch in the world at that time.
Together with his mother, the queen, who is an absolute monarch, he rules the country.
More so, he is known for his practice of polygamy, although at least two wives are appointed
by the state and he currently has 15 wives.
His policies and lavish lifestyle have led to local protests and international criticism.
6 Cyril Ramaphosa, South Africa, 450 million dollars in net worth
He is a South African politician and the fifth and current president of South Africa.
He succeeded Jacob Zuma, previously an anti-apartheid activist, trade union leader and businessman.
Ramaphosa served as the deputy president of South Africa from 2014 to 2018.
He was elected president of the African National Congress at the ANC national conference in
December 2017.
He is also the former chairman of the national planning commission, which is responsible
for strategic planning for the country, with the goal of rallying South Africa around a
common set of objectives and priorities to drive development over the longer term.
Following the ANC's victory in South Africa's general election in 2019, he was elected president
by the national assembly for his first full term on May 22.In 2020, he began serving as
the chairperson of the African Union.
5 Paul Kagame, Rwanda, 500 million dollars in net worth
He is a politician, the fourth and current president of Rwanda since 2000.
Before entering the government, he was a warrior in the armed forces, and thus one of his crucial
demonstrations was his inclusion to help put an end to the Rwanda genocide in 1994.However,
he had the option to accomplish this, since he was the pioneer of the Rwanda patriotic
front that attacked his country to end the killings by Hutus of Tutsis.
Meanwhile, African leaders are regarded as some of the wealthiest presidents, with significant
net wealth.
Furthermore, as a politician, he was the former vice president and had occupied various political
positions before he became the head of the state.
This country has greatly improved since he came to power.
He was also one of the few presidents who owned a private jet.
However, he controls most of the country's economy.
4 Uhuru Kenyatta, Kenya 500 million dollars in net worth
He is a Kenyan politician and the current president of Kenya.
He served as the Member of Parliament for Gatunda south from 2002 to 2013.
Currently, he is a member and the party leader of the Jubilee party of Kenya.
Despite claims that he was one of the ministers with no scandals to their names, he faced
a controversial scare after presenting a supplement budget that was inadvertently approved by
the parliament.
The budget was designed to close the budgetary gap created by slow economic growth.
However, prior to him becoming president, he was named as a suspect of crimes against
humanity by the national criminal court, but was later found and found not guilty.
His swearing ceremony was held on 9 April 2013.
3 Teodoro Obiang Nuema, Equatorial Guinea 600 million dollars in net worth
He is the president of Equatorial Guinea and was born in 1954.
An enormous piece of his wealth is accepted to have been produced through plundering and
pillaging the oil-rich country.
Despite everything, a nation suffers such wretched destitution for the majority of its
residents, leaving them below the neediness line of the ground, that the president does
not distribute any of the nation's riches to the residents.
However, he has three Bugatti Verona costing 1.7million This has been an issue for him,
but that aside, he is one of the richest presidents in Africa.
2 PRESIDENT ALI BONGO, GABON.
1 BILLION DOLLARS IN NET WORTH He is the current president of Gabon, where
he assumed office in 2009.
This country has been ranked as the fifth oil producer in Africa and so the country
largely depends on oil.
While the people of Gabon continue to suffer from poverty, the president spent 129 million
dollars on a mansion in Paris.
It is unsurprising that his net worth is $2 billion, making him one of Africa's wealthiest
presidents.
In this way, the nation relies generally upon unrefined petroleum exportation.
However, destitution is still a matter of worry in the nation for the individuals of
Gabon.
1.
KING MOHAMMED VI, MORROCO.
5.8 BILLION IN NET WORTH He was born in Rabat, Morocco's capital, in
November 1963, and he is Africa's richest president, succeeding to his father's throne
as king.
He has ruled the North African country for a very long time, having risen to the position
following the death of his father.
However, he is one of the most highly educated presidents, acquiring various degrees from
various institutions worldwide.
This was due to his upbringing in a well-to-do, wealthy family, which was combined with force
and eminence.
In addition, he initially enacted reforms to give women more power.
According to leaked diplomatic cables, there is widespread corruption in the court, involving
both the king and his advisors.
With a glance at the list, it is appalling that the majority of the heads of state here
rule in countries experiencing economic downturns, with government assistance and individual
prosperity falling short of expectations, leaving Africa as the poorest continent.
Thank you for watching, and please stay tuned for more enchanting videos.