The very rich and populous
continent of Africa is the second
largest continent in the world. It is
also world’s second most populous
continent and regarded as the
poorest continent.
There are 47 nations in Africa, led
by different leaders who have been
ruling for several decades. Some of
these leaders and their families are
very rich and their wealth are
considered ill-gotten.
They make their wealth from
natural resources of these nations
through the creation of companies
under the names of their families.
Here is a brief overview of the
richest Presidents in Africa.
The 9 Richest African Presidents and
Kings as of 2014: -
9) Robert Mugabe
– Net Worth: $10
Million
Country : Zimbabwe, Years in
Power : 26
Robert Mugabe is the President of
Zimbabwe. His net worth is
estimated to be around $10 million.
The dictator’s family is very
wealthy. Mugabe has won many
elections, although frequently these
have been criticized by outsiders for
violating various electoral
procedures.
Idriss Deby –
Net Worth: $50
Million
Country : Chad, Years in Power : 23
Idriss Deby has been the President
of Chad since 1990. His net worth is
estimated to be $50 million.
Towards the end of August 2006, he
made international news after
calling for his nation to have 60
percent stake in its output after
receiving crumbs from foreign
companies running the industry.
=6) Goodluck
Jonathan – Net
Worth: $100
Million
Country : Nigeria, Years in Power :
4
Goodluck Jonathan is the President
of Nigeria. His net worth is
estimated to be around $100
million. He launched a “Roadmap
for Power Sector Reform”, launched
the Youth Enterprise with
Innovation in Nigeria and launched
the Transformation Agenda. He is a
member of the ruling “People
Democratic Party”.
=6) King Mswati
III – Net Worth:
$100 Million
Country : Swaziland, Years in
Power : 28
The 15th richest royal in the world,
according to Forbes Magazine.
Mswati III is the King of Swaziland.
He is worth more than $100
million; down $100 million of his
2012 ($200 million) fortune. The
King has often been criticized for his
lavish spending. In 2009 summer,
several of his 13 wives reportedly
spent over $6 million in a shopping
spree. In the 2014 budget,
parliament allocated $61 million for
the King’s annual household budget,
while 63 percent of Swazis live on
less than $1.25 per day. His luxury
car collection include a $500,000
Daimler Chrysler’s flagship Maybach
62. And has banned the
photography of his cars.
5) Paul Biya – Net
Worth: $200
Million
Country : Cameroon, Years in
Power : 31
Paul Biya has been the President of
Cameroon since November 6 1982.
His estimated net worth is around
$200 million; this figure was
published by the
ForeignPolicy.com. Around 48
percent of the citizens of Cameroon
live below the poverty line. Catholic
Committee against Hunger and for
Development (CCFD) and several
on-and-offline media has placed
him in the list of leaders with ill-
gotten wealth. In 2009, French
online newspaper, Rue 89, reported
the Cameroon President’s vacation
was the top most expensive among
world leaders. More than that of
the American President. He was
criticized for spending 30,000 euros
($40,000) per day on renting a villa.
4) Uhuru Kenyatta
– Net Worth: $500
Million
Country : Kenya, Years in Power : 1
Uhuru Muigai Kenyatta is the
President of Kenya and the son of
Kenya’s first President, Jomo
Kenyatta. In 2011, Forbes
estimated his net worth at $500
million. Most of his wealth comes
from property. With his family, the
President owns stakes in Kenya’s
largest dairy company Brookside
Dairies, media company Mediamax,
Heritage Hotels, Commercial Bank
of Africa and hundreds of thousands
of prime Kenyan land. He is
regarded as man of the people due
to his sociability. During his
inaugural speech, he promised
economic transformation through
Vision 2030, free maternal care and
unity among all Kenyans.
3) Teodoro Obiang
Nguema Mbasogo
– $600 Million
Country : Equatorial Guinea, Years
in Power: 34
Teodoro Obiang Nguema Mbasogo
is the President of Equatorial
Guinea. He came to power in
August 1979 by ousting his uncle
Francisco Macias Nguema in a
military coup. He has overseen the
emergence of the nation as an
important oil producer, beginning in
1990s. This President and his family
literally own the economy, his
personal fortune exceed $600
million, according to Forbes
Magazine. In October 2011, the
United States government seized
$70 million assets of his son,
Teodoro Nguema Obiang Mangue.
Though Equatorial Guinea is Africa’s
second richest nation, majority of
the population actually live under
the poverty line.
2) Mohammed VI
of Morocco – Net
Worth: $2.5 Billion
Country : Morocco, Years in Power:
15
Mohammed VI is the current King of
Morocco. He is also the country’s
leading businessman. He is worth
more than $2.5 billion, according to
Forbes. The King ascended to the
throne following his father’s death
in 1999 and he immediately set
about improving upon his appalling
human rights record and alleviating
poverty.
1) Jose Eduardo
dos Santos – Net
Worth: $20 Billion
Country : Angola, Years in Power :
34
Jose Eduardo dos Santos is the
President of Angola. He has held on
to this post since 1979. His personal
estimated wealth exceed more than
$20 billion, according to Cabinda
Online. While around 70 percent of
Angolans live on less than two
dollars a day. His daughter, Isabel
dos Santos is among the Forbes
Africa’s billionaires with a net worth
of $3.8 billion. She’s currently
Africa’s richest woman and also the
world’s richest black woman.
Some of the above-mentioned
Presidents’ exact wealth and source
of wealth are unknown that’s why
they cannot be included in the
Forbes Africa’s Rich List. They steal
from their own people.

source: www.informationng.com/2014/10/meet-the-richest-african-presidents-2014.html

And yet africa is still d poorest continent

Africa is realy great with rich presidents and with rich pastors but most of the people could not have 3 means a day.

hybridtm:
And yet africa is still d poorest continent

dat shows d rate of corruption in d continent

Mugabe valued 10million?Don't believe it.

Pls is Africa continent cursed?