Africa is the second largest continent in the world. It is also world’s second most populous continent. There are 47 African nations led by leaders who have been ruling for over a decade. Some of these leaders and their families are very rich and their wealth are considered ill-gotten. They make their wealth from natural resources of these nations. ese nations. The 7 Richest African Presidents and Kings as of 2014: 7) 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 according to Celebrity Net Worth. Towards the end of August 2006, he made international news after calling for his nation to have 60 percent stake in its oil output after receiving crumbs from foreign companies running the industry. 6) King Mswati III – Net Worth: $100 Million Country : Swaziland, Years in Power: 28 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. 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 $200 million; this figure was published by the ForeignPolicy . Around 48 percent of the citizens of Cameroon live below the poverty line. Catholic Committee against Hunger and for Development (CCFD) and several on-and-offline media has placed him in the list of leaders with ill- gotten wealth. In 2009, French online newspaper, Rue 89, reported the Cameroon President’s vacation was the top most expensive among world leaders. More than that of the American President. He was criticized for spending 30,000 euros ($ 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 is estimated at $600 million, according to Forbes Magazine (back in 2006). 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 PSantos is the President oft
Posted on: Mon, 13 Oct 2014 20:52:03 +0000
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