Did you know that African leaders are among the wealthiest and highest salary earners in the world?
Fair enough, as long as the "books balance," there is nothing wrong with neither becoming the richest nor earning the most money. That is to say, the person owns a successful, long-running firm that provides money for their wealth.
With millions of people living well below the poverty line, the continent as a whole is widely regarded as the least developed. African leaders have a lot to fix if they want to collect large salaries, from bad health to illiteracy and starvation.
Unfortunately, the majority of the leaders are more concerned in accumulating fortune by unethical means, which has led to them justifying collecting great salary for services they frequently fail to provide or even have no idea how to.
But it is a tale for another day; for the time being, let's take a look at the salaries and personal fortunes of African presidents.
The figures here just reflect their basic pay; they do not account for other shocking sums they secretly receive as allowance.
10. Alassane Ouattara (Ivory Coast) – $100,000.
Net worth: $10 million (R150 million)
Salary: R1.5 million
President Ouattara, who has led the Ivory Coast since 2010, is first on the list. He is the president on this list with the lowest income.
There are conflicting estimates of his net worth, but the majority of sources put it at around $10 million.
9. Denis Sassou (Republic of Congo) – $108,400
Net worth: Unkown
Salary: R1.62 million
Since 1997, the former military commander has presided over the Republic of the Congo. Although he is paid a respectable salary of R1.62 million per year, there has been a great deal of scandal and corruption charges around his family.
According to a Global Witness report from 2019, his son allegedly embezzled more than $50 million from the state to pay for his opulent lifestyle.
8. Emmerson Mnangagwa (Zimbabwe) – $146,590
Net worth: R150 million
Salary: R2.2 million
The eighth-highest paid president on the continent is President Mnangagwa. His projected $10 million net worth.
7. Teodoro Nguema Mbasogo (Equatorial Guinea) – $152,680
Net worth: R9 billion
Salary: R2.3 million
President Mbasogo is the longest-serving head of state in Africa, having been in office since his uncle was overthrown on August 3, 1979, in Equatorial Guinea.
He is among the richest politicians on the continent with a net worth of $600 million (R9 billion).
6. Abdelmadjid Tebboune (Algeria) – $168,000
Net worth: $1-5 million
Salary: R2.5 million.
The 74-year-estimated old's net worth, which ranges between $1 and $5 million, has not been independently verified. He currently makes R2.5 million a year in compensation, or R208 K each month.
5. Yoweri Museveni (Uganda) – $183,216
Net worth: R15 million – R195 billion
Salary: R2.8 million
For almost 34 years, Yoweri Museveni has served as president of Uganda. His estimated net worth has been reported to range from $1 million to $13 billion.
Museveni is not in poverty, that much is clear after more than three decades in office.
4. Uhuru Kenyatta (Kenya) – $192,200
Net worth: R9.8 billion
Salary: R2.9 million
President Kenyatta is one of the wealthiest leaders in Africa with a net worth of more than $650 million. His father, who served as president of Kenya, left him the family business empire, which accounts for a large portion of his wealth.
3. Cyril Ramaphosa (South Africa) – $223,500
Net worth:R7.4 billion
Salary: R3.1 million
Everyone in South Africa will be familiar with Cyril Ramaphosa's name and appearance. Ramaphosa, though, made a name for himself as a prosperous businessman long before he was elected president, amassing a fortune of over R7 billion in the process.
2. King Mohammed VI (Morocco) – $488,604
Net worth: $2-5 billion
Salary: R7.3 million
Monarch Mohammed VI is the richest king in Africa and the fifth-richest king in the world, with an estimated wealth of between US$2.1 billion and over US$5 billion, according to Forbes.
1. Paul Biya (Cameroon) – $620,976
Net worth:R3 billion
Salary: R9.3 million
President Biya is the highest paid president on the continent with an annual salary of R9.3 million (or R780 K).
The 88-year-old, who has held office for 38 years, has a $200 million net worth.
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