In this article, we would look at the worth of these Presidents and evaluate which one is the richest. In no particular order, here are the top 5 richest African presidents, their salaries and their estimated net worth according to Forbes.
1. King Mohammed VI (Morocco) -$5.8 billion
King Mohammed VI was born on 21 August 1963 in Rabat, Morocco. He is the current leader of Morocco, a position he took after the passing of his father in 1999. Mohammed VI is a member of the Alaouite dynasty, the present Moroccan royal family. This Africa’s richest monarch is an established businessman and banker. His investments range from banking, mining, tourism, real estate, telecommunications, and cement manufacturing. King Mohammed VI and his family hold the majority stakes in the Société Nationale d’Investissement (SNI). The SNI is a large food conglomerate company with many important businesses in the North African country.
2. Ali Bongo Ondimba (Gabon)- $1 billion
Ali Bongo was elected as the president of Gabon upon his father’s death in 2009. His father Omar Bongo had been president for 41 years. Ali was a minister in his father’s government and held other senior positions in-state entities. He grew in wealth thanks to the properties his father accumulated while in power. His family is accused of looting the oil-rich central African country. Bongo’s family have assets all over Gabon and Europe. Their oil wealth and private property make Ali one of the richest African president in Gabon.
3. Teodoro Obiang Nguema Mbasogo (Equatorial Guinea)- $600 million
Teodoro Obiang Nguema Mbasogo has been the president of Equatorial Guinea since 1979. The 77-year-old longtime politician ascended to the top seat by ousting his uncle in a 1979 military coup. Teodoro Obiang is the second-longest consecutively serving leader who holds a non-monarchial post. The Equatorial Guinea president’s source of wealth has been linked to massive corruption and abuse of power by him and his family members. The 77-year-old president owns properties and supercars in his home country and France and runs several businesses in different countries. The Obiang family has secret offshore accounts, luxury goods stacked in mansions in America and Europe, and local investments.
4. Uhuru Kenyatta (Kenya)- $500 million
Teodoro Obiang Nguema Mbasogo has been the president of Equatorial Guinea since 1979. The 77-year-old longtime politician ascended to the top seat by ousting his uncle in a 1979 military coup. Teodoro Obiang is the second-longest consecutively serving leader who holds a non-monarchial post. The Equatorial Guinea president’s source of wealth has been linked to massive corruption and abuse of power by him and his family members. The 77-year-old president owns properties and supercars in his home country and France and runs several businesses in different countries. The Obiang family has secret offshore accounts, luxury goods stacked in mansions in America and Europe, and local investments.
5. Paul Kagame (Rwanda)- $500 million
Paul Kagame has been the president of Rwanda since 2000. The fourth president of Rwanda is a former military leader having fought in Yoweri Museveni’s rebel army in the 1980s and being a commander in the Rwandan Patriotic Front, Kagame was vice president and Minister of Defense before becoming the president. He won in the 2007 election with 99% of the votes cast. Paul Kagame has investments in almost all major sectors in his country. The Kagame family controls a huge portion of the Rwandan economy through a holding company called Crystal Ventures. The company owns assets that have a book value of more than $500 million. This includes a $50 million Bombardier Global Express private jet.
