Africa is world’s second-largest and second-most populous continent with large quantity of natural resources in the world. Despite the presence of these abundant rich resources, Africa is still plagued by poverty.
Majority of Africans are barely financially, including lack of proper and basic amenities that would improve the living standard of the vast population. African presidents elected or Monarchs (Kings) seem to be less concerned or moved by these conditions but are busy enriching themselves.
King Mohammed VI
King Mohammed VI of Morocco is the richest president in Africa. Mohammed is the head of the state of Morocco and has been ruling since the death of his father in 1999.
The Moroccan has a large number of businesses in Morocco, across a wide range of industries.
He has an estimated net worth is $5.7 Billion.
Ali Bongo
Ali Bongo Ondimba is the second richest president in Africa. He is Gabon’s third president and started ruling the country in October 2009 following the death of his father, Omar Bongo. Ali was later re-elected in 2016.
He inherited his father, his political salaries, and other investments, which result in an estimated net worth of $1 Billion.
Teodoro Obiang Nguema Mbasogo
Teodoro Obiang is the third richest president in Africa of Equatorial Guinea. Teodoro is a former military officer and is the second president of Equatorial Guinea since August 1979 therefore the world’s longest-serving non-royal national leader.
In Equatorial Guinea, Teodoro Obiang leads an authoritarian regime. His government has broad powers under the constitution, including the ability to rule by decree, thereby making it a legal dictatorship. Equatorial Guinea is a dominant-party state headed by the president’s party. This party is in control of nearly all governing power in the country.
Teodoro Obiang has an estimated net worth of $600 million,
Uhuru Muigai Kenyatta
Uhuru Muigai Kenyatta is the son of the first Kenyan president, Jomo Kenyatta. He is the former president of Kenya from 2013 to 2021
In 2017, he was re-elected after being dragged to court by his opponent that the first election that favoured him. He later won the re-conducted election ordered by the supreme court.
President makes the list of Africa’s richest presidents with an estimated net worth of $500 million.
Paul Kagame
Paul Kagame is the president of Rwanda in Africa. Kagame is the fourth and current president of Rwanda since 2000 till date.
Kagame led the Rwandan Patriotic Front (RPF) that invaded Rwanda in 1990 and was a party to the Rwandan Civil War and the armed force that stopped the genocide.
He was widely regarded as Rwanda’s de facto leader. When he was Vice President and Minister of Defense during President Pasteur Bizimungu’s regime from 1994 to 2000.
Paul Kagame is a businessman and his net worth is $500 million.
Cyril Ramophosa
Cyril Ramophosa is the fifth and current democratic president of South Africa since 2018 till date.
Ramophosa has been the president of the African National Congress (ANC) since 2017 to date.
He served as secretary-general to ANC president, Nelson Mandela. And vice president to President Jacob Zuma, also, chairman of the National Planning Commission from 2014 to 2018,
Ramophosa was also a former anti-apartheid activist, trade union leader, and businessman.
Ramophosa’s current sources of income are politics, entrepreneurship, and investments which all result in an estimated net worth of $450 Million.
Patrice Talon
Patrice Talon is the seventh richest president in Africa. He is a businessman and became the president of Benin in April 2016 till date. Despite his political position, Patrice Talon has never left his source of income before assuming office instead, he embraced the two occupations and has successfully accumulated enough wealth.
His sources of wealth are business and politics. Patrice has an estimated net worth f $400 million.
Nana Akufo-Addo
Nana Akufo-Addo is the eighth richest president in Africa.
He became the president of Ghana from 2017 to date after being re-elected in 2020.
Akufo-Addo served as the Attorney General under the Kufuor-led administration from 2001 to 2003.
From 2003 to 2007 as the Minister for Foreign Affairs
Akufo-Addo is currently the chairman of the Economic Community of West African States (ECOWAS), serving his second term.
His sources of wealth include Law, Politics, and Investments. Therefore, his net worth is $250 million.
Paul Biya
Paul Biya is the ninth richest president in Africa. He became the president of Cameroon in November 1982.
He is considered as; Africa’s second-longest-serving president, the continent’s oldest head of state, and the world’s second longest-serving non-royal leader.
His sources of wealth are politics and investments and his net worth is estimated to be $200 million.
Abdel Fattah Khalil El-Sisi
Abdel Fattah Khalil El-Sisi is the tenth richest president in Africa.
Abdel Fattah is a retired Egyptian military officer and the sixth president of Egypt from 2014 to date. Abdel became chief of military intelligence from 2010 to 2012 and a minister of defense from 2012 to 2013,
Later, he served as a deputy prime minister from 2013 to 2014 before his retirement as a general 2014.
Abdel Fattah’s sources of wealth are from the military, politics, and investments resulting in an estimated net worth of $185 million
