20 Richest African Presidents and Monarchs with Their Net Worth in 2020
Africa Is a Continent Endowed with an Abundance of Human Capital and Resources Like Crude Oil, Gold, Platinum, Tin, Diamond, and Other Precious Metals and Minerals That Drive the Global Economy. but Despite This Huge Wealth, a Majority of the Inhabitants of the Continent Are Suffering or Barely Getting by Financially. It Is, However, a Whole Different Story for Political and Ceremonial Leaders on the Continent as African Presidents Are Known to Be the Richest Individuals on the Continent. There Is a General Understanding That It Is the Office They Hold That Swell up Their Bank Accounts and Those of Their Family Members. but Regardless of How Their Wealth Came About, Here Is a Breakdown of the Richest Presidents and Monarchs in Africa.
Frequently Asked Questions
20 Richest African Presidents and Monarchs
Mohammed Vi Has Been the King of Morocco Since His Father, King Hassan Ii, Passed Away in 1991. Raised in Wealth, the Monarch Had the Opportunity to Be Educated at Some of the Most Prestigious Schools Worldwide. After Ascending to the Throne, He Made a Public Promise to Tackle Poverty and Corruption in the Country, Reduce Unemployment, and Improve the Human Rights Status of the Country.
1. King Mohammed Vi (Morocco) – $5.8 Billion
Mohammed Vi Has Been the King of Morocco Since His Father, King Hassan Ii, Passed Away in 1991. Raised in Wealth, the Monarch Had the Opportunity to Be Educated at Some of the Most Prestigious Schools Worldwide. After Ascending to the Throne, He Made a Public Promise to Tackle Poverty and Corruption in the Country, Reduce Unemployment, and Improve the Human Rights Status of the Country.
2. Ali Bongo Ondimba (Gabon) – $1 Billion
Ali Bongo Ondimba Has Been the President of Gabon Since October 2009 When His Father, Omar Bongo, Who Was President of the Country for 41 Year's from 1967 to 2009, Died. Before Assuming the Highest Office in the Land, He Served the Country in Different Capacities, Including Minister of Foreign Affairs and Cooperation.
3. Teodoro Mbasogo (Equatorial Guinea) – $700 Million
Teodoro Obiang Nguema Mbasogo Has Been the President of Equatorial Guinea Since 1979. He Assumed Power After Ousting His Uncle from Office in a Military Coup. He Has Since Become the Second-Longest Consecutively Serving Current Non-Royal National Leader in the World and One of the Wealthiest Heads of State.
4. Uhuru Kenyatta (Kenya) – $500 Million
Uhuru Muigai Kenyatta Is the Fourth President of Kenya. Prior to Becoming President, He Served in the Government as Deputy Prime Minister of Kenya, Minister of Finance, and Member of Parliament for Gatundu South.
5. Paul Kagame (Rwanda) – $500 Million
Paul Kagame Is the Fourth President of Rwanda. He Took over the Office in 2000 After His Predecessor, Pasteur Bizimungu, Resigned. Kagame’s Reign Has Not Been Without Controversy as He Has Been Accused of Corruption, Intimidation, Political Repression, Ruling with Force, and Assassination. but Despite All of This, He Receives Genuine Support from His People Who Credit Him for Ensuring Continued Peace, Stability, and Economic Growth in the Country That Was Marred by Ethnic Violence.
6. Cyril Ramaphosa (South Africa) – $450 Million
Cyril Ramaphosa Is the Fifth President of South Africa. He Was Previously an Anti-Apartheid Activist, Trade Union Leader, and Businessman. He Assumed Office in 2018 After Having Served as the 7Th Deputy President of the Country.
7. Oba Obateru Akinruntan (Nigeria) – $300 Million
Fredrick Obateru Akinruntan Is the Traditional Ruler of Ugbo Kingdom in Ilaje, Ondo State, Nigeria. He Is an Oil Magnate and Founder of Obat Oil Which Is One of Nigeria’s Largest and Leading Privately-Owned Oil Companies. He Established the Company in 1981 and Today the Company Has More Than 50 Gas Stations Across the Country as Well as One of the Largest Tank Farms in Africa.
8. King Mswati Iii (Swaziland) – $200 Million
King Mswati Iii Is the King of Swaziland, a Landlocked Kingdom in Southern Africa. He Has Been in Power Since the 25Th of April 1986 When He Was Just 18 Year's of Age. According to Forbes, His Net Worth Is About $200 Million, Making Him the 15Th Richest Among the World’s Royals.
9. Paul Biya (Cameroon) – $200 Million
Paul Biya Is a Cameroonian Politician Who Has Been Ruling the Country as Its Second President Since 6 November 1982, Making Him One of the Longest-Serving Presidents in the World. He Is Also the Oldest Head-of-State in Africa at 87 Year's of Age.
10. Abdel Fattah Khalil El-Sisi (Egypt) – $185 Million
Abdel Fattah Is the Sixth President of Egypt. Before Assuming the Role, He Served as a Mechanized Infantry Commander and Then as Director of Military Intelligence. He Also Served as the Minister of Defence Under the Morsi Government After the 2011 Egyptian Revolution and Was Subsequently Involved in the Military Coup That Removed Morsi from Office in 2013 After Protests.
11. Isaias Afwerki (Eritrea) – $100 Million
Isaias Afwerki Is the First President of Eritrea, a Position He Assumed After He Led the Eritrean War of Independence in 1993. Since Then, Isaias Has Ruled the Country with an Iron Fist Which Has Led to Various Criticisms of Abuse of Power and Human Rights Violations. He Has in the Meantime Been Able to Own Several Swiss Bank Accounts and Properties and Investments in Both Eritrea and Other Countries.
12. Sa’adu Abubakar (Nigeria) – $100 Million
Muhammadu Sa’ad Abubakar Iv Is the 20Th Sultan of Sokoto. He Is the Youngest Son of the 17Th Sultan, Siddiq Abubakar Iii, Who Was the Longest-Reigning Sultan of the Sokoto Caliphate for over Fifty Year's. His Reign Began in November 2006 After the Death of His Brother, Muhammadu Maccido.
13. Muhammadu Buhari (Nigeria) – $80 Million
Muhammadu Buhari Is a Retired Military General Who Serves as the Fifteenth President of Nigeria. He Previously Served as Military Head of State from 1983 to 1985.
14. Oba Adeyeye Ogunwusi Enitan (Nigeria) – $70 Million
Oba Adeyeye Enitan Ogunwusi Is the Traditional Ruler of the Yoruba Kingdom of Ile-Ife in Nigeria. the Monarch Is One of the Most Respected Rulers in the Country as He Is the Spiritual Leader of the Yoruba People Who Has the Responsibility of Making Supplications to God on Behalf of His Tribe and the World at Large During Annual Festivals.
15. Peter Mutharika (Malawi) – $55 Million
Arthur Peter Mutharika Is a Malawian Lawyer and Politician Who Was President of Malawi from May 2014 to June 2020. Before Becoming President, He Held Different Positions in Government Such as Minister of Justice, Minister for Education, Science and Technology, and Minister of Foreign Affairs. He Had Also Worked Globally in the Field of International Justice as He Is an Expert in International Law, Economic Law, and Comparative Constitutional Law. the Primary Source of His Wealth Is from Investments, Farming, His Law Career, and Inheritance.
16. Idriss Deby Itno (Chad) – $50 Million
General Idriss Déby Itno Is a Politician from Chad Who Has Been the President of the Country Since 1990. He Is Estimated to Have a Net Worth of $50 Million, a Fortune He Made Through Investments in Oil and Other Business.
17. Yoweri Museveni (Uganda) – $50 Million
Yoweri Kaguta Museveni Is the Ninth President of Uganda Who Has Been in Office Since 1986. He Was Part of the Rebellion That Toppled the Reign of Idi Amin and Milton Obote and Was Celebrated by the West as Part of a New Generation of African Leaders That Would Bring Much-Needed Changes Across the Country. Things Have, However, Since Changed as Museveni Has Held onto Power Ever Since and Has Suppressed Political Opposition and Amended the Constitution to Enable Him to Remain in Office.
18. Pierre Nkurunzinza (Burundi) – $45 Million
Pierre Nkurunziza Was the Ninth President of Burundi. He Became President in August 2005 and Was the Longest-Serving President of Burundi After He Controversially Held the Position for Three Terms. He Died Unexpectedly on 8 June 2020 Shortly Before the Official End of His Term from What Is Suspected to Be Covid 19. Nkurunziza Had, However, Already Announced His Intention Not to Stand for Re-Election in 2020 as He Ceded Power to Evariste Ndayishimiye.
19. King Goodwill Zwelithini Kabhekuzulu (South Africa) – $19 Million
King Goodwill Is the King of the Zulu Nation in South Africa. He Ascended to the Throne on the 17Th of September, 1968 After His Father, King Cyprian Bhekuzulu kaSolomon, Passed Away.
20. Otumfuo Osei Tutu Ii (Ghana) – $14 Million
Otumfuo Nana Osei Tutu Ii Is the 16Th Asantehene, the Absolute Monarch of the Kingdom of Asante. He Is Highly Revered in the Asante Territories (Ashanti Region of Ghana and Other Parts) and Is Often Regarded as the First Among Equals of Traditional Rulers in Ghana. His Reign Began in April 1999.
Former African Presidents That Could Have Made the List
Jose Eduardo Dos Santos Was the Second President of Angola. He Was in Power for 38 Year's from September 10, 1979, to September 26, 2017. Surpassed Only by President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea Who Took Power About Two Months Before Him, Dos Santos Was the Second-Longest-Serving President in Africa.
1. Jose Eduardo Dos Santos (Angola) – $20 Billion
Jose Eduardo Dos Santos Was the Second President of Angola. He Was in Power for 38 Year's from September 10, 1979, to September 26, 2017. Surpassed Only by President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea Who Took Power About Two Months Before Him, Dos Santos Was the Second-Longest-Serving President in Africa.
2. Jacob Zuma (South Africa) – $20 Million
Jacob Zuma Was the 4Th President of South Africa. He Held the Office from 9 May 2009 to 14 February 2018 When He Was Forced to Resign as He Was Facing a Motion of No Confidence in Parliament.
3. Robert Mugabe (Zimbabwe) – $10 Million
Robert Mugabe Was the 2Nd President of Zimbabwe. the Now-Late Leader Held the Office from 31 December 1987 to 21 November 2017 When He Resigned After His Party Had Expelled Him.
Recap of the 20 Richest African Presidents and Monarchs in 2020
1. King Mohammed Vi (Morocco) – $5.8 Billion
