Many Africans believe that politics is a ruse to gain power and control over the people. Many people think it’s a filthy game because of this. However, We will focus on the top Richest Presidents in Africa in this article. Africa is a land of riches, with abundant human and mineral resources (oil reserves, gold, platinum, tin, diamond, and other precious metals and minerals). It is estimated that 1 billion people live on the so-called “dark continent”.
Top 10 Richest Presidents in Africa
1. Mohammed VI of Morocco
Net worth: $5 billion
We begin our list of the Richest Presidents in Africa with the Morrocan Monarch, who is also the country’s head of state. In Rabat, Morocco’s capital, he was born in August of 1963. For the past 15 years, he has been the king of Morocco, a post he assumed after the death of his father, King Hassan II.
The fact that he was raised in a well-to-do family with access to riches, influence, and aristocracy has made him Africa’s most well-educated president, with many degrees from top universities throughout the world.
2. President Ali Bongo Ondimba
Net Worth: $2 billion
Ali Bongo Ondimba has been president of Gabon since October 2009, when he took office. Because it is Africa’s fifth-largest oil producer, Gabon is heavily reliant on the export of crude oil.
A home in Paris purchased for $129 million by Gabonese President Ali Bongo has been highlighted by the Daily Mail as a source of concern for poverty in the country.
3. Uhuru Kenyatta
Net Worth: $650 million
President Uhuru Muigai Kenyatta, Kenya’s fourth president, was born on October 26, 1961, in Nairobi. He has been Kenya’s president since April 9, 2013, and he is unquestionably one of the country’s wealthiest individuals.
For two years prior to that, he was the Minister of Local Government in the government. Former Kenyan minister and president, Uhuru Kenyatta, amassed much of his fortune through real estate, owning over 500,000 acres of land in the country. Additionally, President Uhuru owns stock in several other Kenyan businesses, including a hotel and a bank.
4. Teodoro Obiang Nguema Mbasogo
Net Worth: $600 million
It’s widely assumed that a substantial portion of his wealth came from stealing and pillaging the oil-rich country. More than half of the country’s population is living below the poverty line (living on less than $1 per day) because the president does not share any of the country’s wealth.
Reportedly, he and his son have built a $35 million Malibu mansion and have three BuggatiVeronas for $1.7 million each. Not so surprising, Teodoro Obiang Nguema Mbasogo is listed amongst the Top 10 Dictators In Africa.
5. Paul Kagame
Net Worth: $500 million
One of the most well-known African leaders is Paul Kagame. In the year 2000, he became Rwanda’s sixth president. On October 23, 1957, in Ruanda-Urundi, President Kagame was born. Prior to entering politics, he served in the military and is best known for his role in putting a stop to the 1994 Rwandan genocide.
Because he was the leader of the Rwandan Patriotic Front, which invaded Rwanda to put an end to Hutu atrocities against Tutsis, he was able to attain this fit.
It has been claimed by Amnesty International that the administration and President Kagame’s leadership do not allow citizens to freely express their disagreement with his role and to form political parties as a result.
6. King Mswati III
Net Worth: $500 million
He has been in power for more than three decades and is Africa’s eighth-richest president. Swaziland, a landlocked country in southern Africa, is home to the country’s king.
Critics have slammed King Mswati’s lavish spending and extravagant lifestyle despite the fact that more than 60 percent of her people live below the poverty line.
7. Matamela Cyril Ramaphosa
Net Worth: $450 million
The seventh name on this list is Matamela Cyril. As president of South Africa, he serves as the country’s head of state. Before becoming South Africa’s next president, Cyril was a businessman, deputy president, and activist.
President of the African National Congress (ANC) and former Chairman of the National Planning Commission, Cyril was in charge of the country in 2017. On May 22, the National Assembly elected him President.
8. Paul Biya
Net Worth: $200 million
Paul Biya, one of Africa’s wealthiest leaders, has been in charge of Cameron since 1982. (37 years of running in office). Mvomeka’a was the place of President Biya’s birth on February 13, 1933, and he has been married twice.
His first wife, Jeanne-IrèneBiya, passed away on July 29th, 1992, and he married Chantal Biya on April 23, 1994. Cameroon’s richest man, President Biya, is rumored to live a lavish and extravagant lifestyle, spending an estimated $40, 000 on vacation lodging alone.
9. President Isaias Afwerki
Net Worth: $120 million
The president of Eritrea is Africa’s ninth-richest head of state. The fact that President Afwerki is Eritrea’s sole leader is remarkable, given that the country earned independence from Britain in 1993. His ability to lead has been called into question because of the harsh nature of the rules that govern the country.
The United Nations and Amnesty International have both issued accusations of human rights abuses in this report. Although his country is in disrepair, he appears on this list because he manages the country’s finances.
10. President Joseph Kabila
Net Worth: $100 million
DR Congo’s President Joseph Kabila Kabange is our final interviewee as we come to a close. His father President Laurent-Désiré Kabila, who was slain in 2001, was succeeded by him in office.
He is rumored to have a large number of Congo-related investments. Joseph Kabila’s government has been weakened by the ongoing conflict in eastern Congo, which has not yet been resolved.
The following is the list of the Richest Presidents in Africa. One would be surprised to learn that half of the presidents listed among the top ten wealthiest in the world have economies that are not performing up to expectations, particularly in terms of the general well-being of the population.
It’s little wonder that the vast majority of Africans view their leaders as self-serving tyrants who care more about themselves than their people.