Friday 29 July 2016

List of Africa’s RichestPresidents… Uhuru at No. 4

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.
8) 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.

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