Africa is the second largest continent in the world. It is also world’s second most populous continent and one of the richest – In terms of resources – continent in the world, yet the region also has the highest number of people living in extreme poverty – the irony… Within these poverty, the continent leaders swim in money.
Here is the ranking of the 10 Richest Presidents in Africa and their networth as of 2018:
1. Mohammed VI – Estimated Networth: $5.7 billion
Mohammed VI is the King of Morocco, and he has been in power since 23 July 1999..
Mohamed VI is not only a head of state, he is also a businessman. He and his family are majority shareholders in the National Investment Company, a holding company, which invests in several areas of activity.
Currently he is the richest president in Africa, His fortune is estimated at 5.7 billion US dollars.
2. Teodoro Obiang Nguema – Estimated Networth: $650 million
President Teodoro Obiang Nguema Mbasogo is the second Head of State of the Republic of Equatorial Guinea. He has been in office since October 12, 1982. According to the Forbes newspaper, he is one of the richest presidents in Africa and on the planet. his wealth is estimated at a whopping 650 million US dollars.
3. Uhuru Kenyatta – Estimated Networth: $510 million
Uhuru Kenyatta is the 3rd President of the Republic of Kenya. He has been in office since 9 April 2013. He is the 3rd richest president in Africa. His fortune is estimated at 510 million US dollars. It is in real estate that Uhuru Kenyatta has won the majority of his fortune.
4. Cyril Ramaphosa – Estimated Networth: $450 million
Ramaphosa is not just the president of south Africa, he is also known to be one of the richest people in South Africa, with an estimated net worth of more than $450,000,000, he has appeared in financial magazines such as Forbes Africa and Bloomberg.
Ramaphosa is also the founder of the Cyril Ramaphosa Foundation.
5. Patrice Talon – Estimated Networth: $410 million
Patrice Talon has been the President of the Republic of Benin since April 6, 2016, With a personal fortune estimated at $ 410 million. he is the fourth richest head of state in Africa.
6. Ali Bongo – Estimated Networth: $280 million
The Gabonese president is the 6th richest president in the African continent. His fortune is estimated at $ 280 million .
8. Joseph Kabila – Estimated Networth: $254 million
Joseph Kabila is the President of the Democratic Republic of Congo. He has been in office since January 17, 2001 after the assassination of his father Laurent-Désiré Kabila. His fortune is estimated at 254 million dollars.
9. Paul Biya – Estimated Networth: $203 million
Cameroonian President Paul Biya is the 9th most wealthy head of state in Africa and aldo one of the oldest presidents in Africa. His fortune is estimated at 203 million US dollars.
10. Mswati III – Estimated Networth: $102 million
Mswati III is the King of Swaziland. He was the 15th richest royal in the world, according to Forbes Magazine. He is worth an estimated $100 million; down $100 million of his 2012 ($200 million) fortune. Swaziland is one of the smallest countries in Africa .