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It pays to be President: The TEN highest paid presidents in Africa & their net worth.

Did you know that African leaders are among the wealthiest and highest salary earners in the world?

Well, in fairness nothing is wrong with neither being the wealthiest nor the highest earner as long as the ‘books balance’. By that I mean, one has a good long standing business generating income for said wealth.

The continent as a whole is vastly regarded as the least-developed, with millions living well below the poverty line. From poor health to illiteracy and malnutrition, African leaders have a lot of things to fix if they must pocket massive salaries.

Sadly, most of the leaders are seemingly more interested in becoming wealthy through dubious means and this has seen them legitimatize earning enormous pay for services they mostly don’t render or don’t even know how to.

But, that is a story for another day, for now let’s look at how much African presidents earn, as well as their personal net worth.

The figures below represent only their basic salary and do not include other startling amounts they pocket in the name of allowance.

10. Alassane Ouattara (Ivory Coast) – $100,000

Net worth: $10 million (R150 million)

Salary: R1.5 million

First on the list is president Ouattara who has been present of Ivory Coast since 2010. He is the least earning president on this list.

There are varying quotes on his net worth but most sources place him at the $10 million mark.

9. Denis Sassou (Republic of Congo) – $108,400

Net worth: Unkown

Salary: R1.62 million

The former military leader has been president of the Republic of the Congo since 1997. Officially he earns a reasonable salary of R1.62 million a year, but there has been a lot of controversy and allegations of corruption around his family.

A Global Witness report in 2019 revealed that his son had apparently embezzled over $50 million of state funds to fund his lavish lifestyle.

8. Emmerson Mnangagwa (Zimbabwe) – $146,590

Net worth: R150 million

Salary: R2.2 million

President Mnangagwa is the 8th highest paid president in the continent. His net worth is estimated at $10 million.

7. Teodoro Nguema Mbasogo (Equatorial Guinea) – $152,680

Net worth: R9 billion

Salary: R2.3 million

Having been at the helm of leadership in Equatorial Guinea since August 3, 1979, following the ousting of his uncle, president Mbasogo is the longest-serving president in Africa.

With a net worth of $600 million (R9 billion), he is also among the wealthiest politician in the continent.

6. Abdelmadjid Tebboune (Algeria) – $168,000

Net worth: $1-5 million

Salary: R2.5 million

The 74 year old’s net worth has not been verified but is estimated anywhere between $1 and $5 million. He currently earns a salary of R2.5 million a year, which translates to R208 K a month.

5. Yoweri Museveni (Uganda) – $183,216

Net worth: R15 million – R195 billion

Salary: R2.8 million

Yoweri Museveni has been the president of Uganda for about 34 years. There are varying reports on his net worth ranging from a low as $1 million to as high as $13 billion.

One thing is for sure, having served for over three decades, Museveni is not poor.

4. Uhuru Kenyatta (Kenya) – $192,200

Net worth: R9.8 billion

Salary: R2.9 million

With a net worth of over $650 million, President Kenyatta is among the richest presidents in Africa. Much of his wealth comes from his family business empire he inherited from his father who was also president of Kenya.

3. Cyril Ramaphosa (South Africa) – $223,500

Net worth:R7.4 billion

Salary: R3.1 million

Every South African will recognize the name and face of Cyril Ramaphosa. However, long before he became president, Ramaphosa established himself as a successful businessman, building 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

King Mohammed VI has been estimated at between US$2.1 billion and over US$5 billion, and, according Forbes, he is the richest king in Africa and the fifth-richest king in the world.

1. Paul Biya (Cameroon) – $620,976

Net worth:R3 billion

Salary: R9.3 million

With an annual salary of R9.3 million (R780 K a month), President Biya is officially the highest earning president in the continent.

The 88 year old who has been on power for 38 years has a net worth of $200 million.

Sources:

https://africa.businessinsider.com/local/leaders/here-are-15-of-the-highest-paid-african-leaders-in-2021/g9jlr7k

https://www.infomademen.com/highest-paid-presidents-in-africa-2021-top-15/

https://www.celebrityhow.com/networth/AlassaneDramaneOuattara-57413

https://www.globalwitness.org/en/press-releases/luxury-loving-congo-presidents-son-received-over-50-million-from-public-treasury/

https://www.glusea.com/emmerson-mnangagwa-net-worth/

https://popularbio.com/abdelmadjid-tebboune/

https://www.glusea.com/uhuru-kenyatta-net-worth/

https://getlion.co.za/cyril-ramaphosa-net-worth

https://theconversation.com/cameroons-biya-is-africas-oldest-president-assessing-his-38-years-in-power-156221

Content created and supplied by: MotZA (via Opera News )

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