We present you the richest presidents in Africa as of 2018. African presidents for many years have been known for being selfish and corrupt, when you talk global leaders wealth quotient many people think Africa, and we can see many of you our readers want to know which president is the richest in Africa as of 2018, so we have collected data and details on which presidents are the richest in Africa mostly by their salaries and allowances.
The Richest Presidents In Africa 2018
The below is a list of the top 10 richest African presidents as of 2018:
1. King Mohammed VI – Morocco
King Mohammed VI is the president of Morocco who took over the mantle of leadership on July 23, 1999, following the death of his father, King Hassan II. He receives $480,000 per annum. With a net worth of $5.8 billion he is not just among the top ten richest presidents in Africa , but the no.1 richest president in Africa, and probably the richest African president of all time.
2. Cyril Ramaphosa – South Africa
Matamela Cyril Ramaphosa is the fifth President of South Africa. He became President following the resignation of Jacob Zuma. Previously an anti-apartheid activist, trade union leader, and businessman, Ramaphosa served as the Deputy President of South Africa from 2014 to 2018.
Ramaphosa is well known as a businessman, and his estimated net worth is over R6.4 billion ($550 million) as of 2018, with 31 properties and previously-held notable ownership in companies such as McDonald’s South Africa, chair of the board for MTN and member of the board for Lonmin.
He is among the top 10 highest paid leaders in the world with a whopping annual salary of R2.9million ($ 200,411) per year. Cyril Ramaphosa is definitely one of the richest African presidents to ever serve.
3. Paul Biya – Cameroon
Paul Biya is a Cameroonian politician who has been the President of Cameroon since 6 November 1982. He is currently one of the longest ruling Non-Royal head of state in the world. Though his basic salary seems low, his monthly pay package is somewhat over the board.
He earns a basic salary of (200 euros) or 131, 000 CFA francs or $2,590 annually but does not include fixed premiums, and fees of sovereignty”, the weekly notes. Thus, “in addition to allowances of over 790,000 CFA francs (1,200 euros or $1295) per month which translates into $15,541 annually for housing and transportation, it is alleged that Paul Biya’s monthly allowances for sovereignty gets up to 30 million CFA francs (45,700 euros or $49,322.64) or $591,871.68 annually.
Biya is the highest paid president in Africa right now.
4. Abdelaziz Bouteflika – Algeria
Abdelaziz is an Algerian politician who has been the fifth President of Algeria since 1999. Before he became president of Algeria, he was Minister of Foreign Affairs from 1963 to 1976. He takes home an annual salary of around $168,000. He is no.4 on the list of the richest presidents in Africa
5. Teodoro Obiang – Equatorial Guinea
Teodoro Obiang Nguema Mbasogo has been serving as the President of Equatorial Guinea since 1979. He earns about $150,000 yearly. He is also currently one of the richest African presidents
6. Uhuru Kenyatta – Kenya
Uhuru Kenyatta is the current president of Kenya as of 2018 and the fourth President of Kenya and has been in office since on April 9, 2013. Kenyatta’s pockets $132,000 every year. He led by example in 2014 by taking a pay cut. His basic salary of $14,000 per month was slashed to around $11,000. Note that this does not include his numerous variable and fixed perks which are called allowances.
7. Mohamed Abdullahi Mohamed – Somalia
Mohamed Abdullahi Mohamed is a politician who became the 9th and current President of Somalia. He earns $12000 per month in basic salary and $144,000 annually.
Mohamed assumed office as the president in 2017 after winning big in the Somali presidential election.
8. Azali Assoumani, Comoros
Azali Assoumani is the President of Comoros who has been serving since 2016. He earns a pay package of $115,000 per annum. He previously served as the president of the country from 1999 to 2002 and again from 2002 to 2006.
9. Joseph Kabila – DR Congo
Joseph Kabila Kabange has been President of the Democratic Republic of the Congo since January 2001 following the death of his father, President Laurent-Désiré Kabila. He was elected as President in 2006 and was re-elected for a second term in 2011. He earns $110,000 annually.
10. Hage Geingob – Namibia
Hage Geingob is the third and the current President of Namibia, in office since 21 March 2015. He took over office from Hifikepunye Pohamba who was due to step down in 2015 because the Presidency in Namibia is restricted to two terms.
Hage Geingob receives N$1.7 million per year since Hifikepunye Pohamba received the same amount after he and all other political tax bearers got a 6% salary hike in 2017.