Top 20 Richest Presidents in Africa (2023)

Who is the Richest President in Africa in 2023? — The President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, popularly known as JAGABAN, is the richest President in Africa with an estimated net worth of more than $8.4 billion.

Africa is abundantly endowed with every kind of natural resource you can think of. According to the United Nations Environment Programme, “Africa is home to some 30 percent of the world’s mineral reserves, eight percent of the world’s natural gas and 12 percent of the world’s oil reserves. The continent has 40 percent of the world’s gold and up to 90 percent of its chromium and platinum. The largest reserves of cobalt, diamonds, platinum, and uranium in the world are in Africa. It holds 65 percent of the world’s arable land and ten percent of the planet’s internal renewable freshwater source.”

In spite of all these, Burundi, Somalia, Mozambique, the Central African Republic, and Madagascar top the list of the world’s poorest countries, which are all found in Africa. But studies have revealed that the causes of poverty in Africa cannot be boiled down to issues with “corruption” and “governance,” but rather have their roots in historical exploitation within a larger capitalist system, where political and economic strategies from the West were prominent and advanced at critical moments.

This article will focus on the top 20 richest presidents in Africa. Most of the people on this list inherited their wealth from their families, who were also politicians. Others generated their wealth through multiple business ventures and investments. However, they all share politics as a common source of income.

Top 20 Richest Presidents in Africa (2023)

Rank	Richest Presidents	Net Worth	Country
1	Bola Ahmed Tinubu	$8.4 Billion	Nigeria
2	King Mohammed VI	$5.7 Billion	Morocco
3	Ibrahim Badamasi Babangida	$5 Billion	Nigeria
4	Chief Olusegun Aremu Obasanjo	$1.6 Billion	Nigeria
5	Ali Bongo Ondimba	$1 Billion	Gabon
6	Teodoro Obiang Nguema Mbasogo	$600 million	Equatorial Guinea
7	Paul Kagame	$510 Million	Rwanda
8	Uhuru Muigai Kenyatta	$500 million	Kenya
9	Cyril Ramaphosa	$450 million	South Africa
10	Patrice Talon	$400 million	Benin
11	Nana Akufo-Addo	$250 Million	Ghana
12	Paul Biya	$200 million	Cameroon
13	Abdel Fattah Khalil El-Sisi	$185 million	Egypt
14	Alassane Ouattara	$185 million	Ivory Coast
15	Muhammadu Buhari	$110 million	Nigeria
16	Dr. Goodluck Ebele Jonathan	$100 million	Nigeria
17	King Mswati III	$100 million	Eswatini
18	Isaias Afwerki	$120 million	Eritrea
19	Idriss Déby	$50 Million	Chad
20	Yoweri Museveni	$50 million	Uganda

1. Bola Ahmed Tinubu – $8.4 Billion 

Country: Nigeria

Date of Birth: 29 March 1952

Place of Birth: Lagos

Sources Of Wealth: Politics, Inheritance, Business

Political Party:  All Progressives Congress

President Bola Ahmed Tinubu, also known as Jagaban, is a Nigerian politician who has been a major force in Nigerian politics for over two decades. He is the current President of the federal republic of Nigeria and a former governor of Lagos State from 1999 to 2007. Tinubu is a controversial figure, but he is also one of the most popular and influential politicians in Nigeria.

Tinubu was born in Lagos State in 1952. He went to the University of Chicago, where he majored in accounting and graduated. Tinubu worked in the US following his graduation from Chicago State University. Then, after arriving back in Nigeria, he took a job with ExxonMobil, which enhanced his riches.

Tinubu entered politics in the early 1990s and won a seat in the Senate. Prior to being compelled to resign by the military coup that toppled the government in 1993, he spent two years serving in the Senate. Following his moves into politics and business, Tinubu’s net worth has been on the rise to the point that he is now the richest president in Africa.

Tinubu has always been a prosperous businessman in addition to his political career. The politician has connections to various multinational businesses, including those in real estate, media, oil and gas, and hospitality. He denied the rumors that he owned a long list of businesses, although he has admitted to owning a few of them.

2. King Mohammed VI – $5.7 Billion

Country: Morocco

Date of Birth: 21 August 1963

Place of Birth: Rabat, Morocco

Sources Of Wealth: Politics, Inheritance, Business

Political Party:  Authenticity and Modernity Party

The monarch of Morocco at the moment is King Mohammed VI. His net worth is $5.7 Billion. He is the second and oldest son of  King Hassan II. On the day of his birth, which is now a national holiday in Morocco, King Mohammed has proclaimed Heir Apparent and Crown Prince.

However, he did not formally take the kingdom until his father passed away on July 23, 1999. King Mohammed VI got the opportunity to attend the most elite institutions in the world because he was born into a wealthy, powerful, and royal family. The Moroccan has a large number of businesses in Morocco, across a wide range of industries. He was listed on Forbes’ Africa Billionaires list in 2015.

3. Ibrahim Badamasi Babangida – $5 billion

Country: Nigeria

Date of Birth: Born on 17th August 1941

Place of Birth: Niger, Nigeria

Sources Of Wealth: Business and Politics

Political Party: People’s Democratic Party

Between August 1985 and August 1993, Ibrahim Badamasi Babangida served as Nigeria’s former head of state. A politician and businessman who has made a fortune through his engagement in a variety of industries, particularly the oil and gas industry. Ibrahim Badamasi Babangida is a native of Niger State. Additionally, he holds a 24% stake in Globacom, Nigeria’s second-largest telecom firm, and a 65% stake in Fruitex International Limited, a London-based corporation.

For the transition to the Third Nigerian Republic, Babangida began preparations in 1989. Prior to the 1992 general elections, he authorized the formation of political parties and established the two-party system with the National Republican Convention (NRC) and Social Democratic Party (SDP). After a census was completed in November 1991, the National Electoral Commission (NEC) declared on January 24, 1992, that a presidential election, as well as bicameral national assembly elections, would take place later that year.

On 12 June 1993, the presidential election was finally held. The results though not officially declared by the National Electoral Commission. The elections were later annulled by the military head of state General Babangida, citing electoral irregularities. This led to widespread protests and political unrest in the South West. Babangida later admitted that the elections were annulled due to national security considerations, which he didn’t specify

4. Chief Olusegun Aremu Obasanjo – $1.6 billion

Country: Nigeria

Date of Birth: 5 March 1937

Place of Birth: Ogun, Nigeria

Sources Of Wealth: Business, Politics, Investment

Political Party: Peoples Democratic Party

General Olusegun Aremu Obasanjo is a  Nigerian politician and a great farmer. He was Nigeria’s former head of state from 13 February 1976 – 1 October 1979. Chief Olusegun Aremu Obasanjo, also served as Nigeria’s civilian president between 1999 and 2007 under the Peoples Democratic Party (PDP). He is a nationalist Nigerian with an ideological drive. With an estimated net worth of $1.6 billion, He is ranked Fourth among the richest presidents in Africa.

Polygamous was a way of life for Obasanjo. In 1963, he wed Oluremi Akinlawon in London, and the couple welcomed their first child, Iyabo in 1967. They separated around the middle of the 1970s. In 1976, he wed Stella Abebe, his second wife; the couple had three kids together. Stella Obasanjo, who was also the First Lady of Nigeria at the time, passed away in Spain on October 23, 2005, following a brief illness.

In March 2008, a committee of the Nigerian parliament purportedly accused Obasanjo of awarding $2.2 billion in energy contracts without following the proper procedures. This occurred over the course of his eight-year presidency. The findings of this investigation were never accepted by the full Nigerian parliament since the power probe committee’s leadership misled the entire process.

5. Ali Bongo Ondimba – $1 Billion

Country: Gabon

Date of Birth: 9 February 1959

Place of Birth: Brazzaville, Republic of the Congo

Sources Of Wealth: Politics, Inheritance, Investments

Political Party: Gabonese Democratic Party

Ali Bongo, whose estimated net worth is $1 billion, is the second-richest head of state in Africa. Since his father, Omar Bongo, passed away in October 2009, he has been the third president of Gabon. In 2016, Bongo was re-elected.

The various sources of Bongo’s riches include his father’s inheritances, political salaries, and other investments. He is the owner of a number of luxurious properties and companies both domestically and internationally. Additionally, Bongo has been charged with robbery and corruption.

Due to his wealth, Bongo is a contentious character. He has drawn criticism for living a luxurious lifestyle and for allegedly being corrupt. He is still well-liked by the Gabonese, though, who view him as a strong leader who has helped the nation’s economy.

6. Teodoro Obiang Nguema Mbasogo – $600 million

Country: Equatorial Guinea

Date of Birth: 5 June 1942

Place of Birth: Acoacán, Equatorial Guinea

Sources Of Wealth: Politics, Investments

Political Party: Democratic Party of Equatorial Guinea

The Sixth-richest head of state in Africa is Teodoro Obiang Nguema Mbasogo. Since 1979, he has served as the president of Equatorial Guinea. He is a former military officer. As a non-royal national leader, he is regarded as having served the longest in history.

In Equatorial Guinea, Obiang runs a totalitarian government. According to the constitution, his government has extensive authority, including the right to impose laws directly. As a result, it is a legal dictatorship. Additionally, Equatorial Guinea is a dominant-party state, which means that Obiang’s Democratic Party of Equatorial Guinea (PDGE) has a monopoly on the nation’s executive branch.

The Obiang government has been charged with violating human rights, particularly through torture, arbitrary detention, and extrajudicial executions. The government has additionally come under fire for being corrupt and mismanaging the nation’s oil revenues. Despite these complaints, Obiang is still in charge and doesn’t appear to be planning to step down anytime soon.

7. Paul Kagame – $510 Million

Country: Rwanda

Date of Birth: 23 October 1957

Place of Birth: Ruanda-Urundi

Sources Of Wealth: Politics, Business

Political Party: Rwandan Patriotic Front

According to Amy McKenna, Paul Kagame is the fourth and current president of Rwanda. Being one of the wealthiest presidents in Africa, he has held power since 2000. Kagame is an authoritarian leader who has drawn praise and criticism for his dictatorial reign as well as for his economic and social achievements.

Kagame was born in 1957 in Rwanda. Following the murder of his father, a senior military officer, he left the country in 1960. Kagame spent a considerable amount of time in Uganda, where he joined the rebel organization that would later become the Rwandan Patriotic Front (RPF). In 1990, the RPF invaded Rwanda, and Kagame was made the group head.

The RPF ended the Rwandan genocide in 1994. Kagame was appointed vice president and minister of defense in the new government. He became president in 2000. Under Kagame’s leadership, Rwanda has seen significant economic and social progress. However, he has also been accused of human rights abuses, including the suppression of dissent and the use of violence against political opponents.

8. Uhuru Muigai Kenyatta – $500 million

Country: Kenya

Date of Birth: 26 October 1961

Place of Birth: Nairobi, Kenya

Sources Of Wealth: Politics, Business, Inheritance

Political Party: Jubilee Party

Kenya’s president at the moment is Uhuru Muigai Kenyatta. He is the eldest child of Jomo Kenyatta, the first president of Kenya. On October 26, 1961, Kenyatta was born in Nairobi, Kenya. He studied at Amherst College in Massachusetts and St. Mary’s School in Nairobi. Kenyatta moved to Kenya and engaged in business after receiving his degree from Amherst. Additionally, he got into politics.

Kenyatta won a seat in the Kenyan legislature in 2002. He represented Gatundu South in the legislature from 2002 to 2013. Kenyatta was named the country’s deputy prime minister in 2008. This position was held by him through 2013. In 2013, Kenyatta was elected president of Kenya. He was re-elected in 2017. Kenyatta is a member of the Jubilee Party. He is a Kikuyu by ethnicity. The Kenyan President makes the list of Africa’s richest presidents with an estimated net worth of $500 million, as of 2023.

Kenyatta is a disputed individual. He has been charged with corruption and violating human rights. He is, nevertheless, also well-liked in Kenya. Many Kenyans view him as a capable leader who can advance the country’s security and economy.

9. Cyril Ramaphosa – $450 million

Country: South Africa

Date of Birth: 17 November 1952

Place of Birth: Soweto, South Africa

Sources Of Wealth: Politics, Entrepreneurship, Investments

Political Party: African National Congress

Cyril Ramaphosa is South Africa’s fifth president. He has a long and varied career, having worked as an anti-apartheid campaigner who has also held leadership positions in trade unions and businesses. In 2018, he was elected President after serving as the country’s 7th Deputy President.

Ramaphosa was born and raised in Soweto, South Africa, and he spent all of his formative years in South Africa. Before entering politics, he was a successful businessman with a sizable financial portfolio. He was the executive chairman of Shanduka Group, an organization with operations in energy, mining, finance, real estate, telecommunications, and insurance.

As President, Ramaphosa has focused on economic development and social fairness. He has also worked to improve relations between South Africa and other countries.

10. Patrice Talon – $400 million

Country: Benin

Date of Birth: 1 May 1958

Place of Birth: Benin

Sources Of Wealth: Business, Politics

Political Party: Independent

Patrice Talon is the current president of Benin. He is also a successful businessman, with an estimated net worth of $400 million. Talon is currently among the richest presidents in Africa because he managed to juggle his commercial interests with his governmental responsibilities.

Talon’s success as a businessman began in the early 1980s. He established a business that imported food items from other countries. Talon’s company grew rapidly, and he soon became one of the largest importers of agricultural products in Benin.

In the 1990s, Talon diversified his commercial holdings. He started making investments in the banking industry, hotels, and port services. Talon’s business empire continued to grow, and he soon became one of the richest men in Benin.

In 2016, Talon was elected president of Benin. He pledged to lower poverty and boost the country’s economy. Talon has made some progress on these goals, but he has also come under fire for his autocratic management style.

Talon is still well-liked by many Beniniens in spite of the criticism. His strong leadership and dedication to advancing the nation are well-regarded. Talon’s success as a businessman has given him the resources he needs to make a difference in Benin. He is an exceptional leader who can blend political shrewdness with economic expertise.

11. Nana Akufo-Addo – $250 Million

Country: Ghana

Date of Birth: 29 March 1944

Place of Birth: Accra, Ghana

Sources Of Wealth: Law, Politics, Investment

Political Party: New Patriotic Party

Nana Akufo-Addo is the current president of Ghana and one of the wealthiest presidents in Africa. He has been in office since 2017 and was re-elected in 2020. He had a successful legal career prior to becoming president. From 2001 to 2003, he led the Kufuor-led government as Attorney General. He later held the position of Minister for Foreign Affairs from 2003 to 2007.

Akufo-Addo has amassed a fortune through a number of ventures, including his law career, political activity, and lucrative business ventures. His net worth is put at $250 million.

Along with serving as the president of his country, Akufo-Addo also serves as the head of the Economic Community of West African States (ECOWAS), a regional body that encourages member governments to cooperate economically and integrate. He has shown his dedication to promoting regional cooperation and development in West Africa by serving as the ECOWAS chairman for a second term.

Here are some of Akufo-Addo’s notable achievements as president:

• He has overseen a period of economic growth in Ghana.
• He has reduced poverty and unemployment.
• He has improved access to education and healthcare.
• He has strengthened Ghana’s democracy.
• He has promoted regional cooperation in West Africa.

Akufo-Addo is a controversial figure, but there is no doubt that he is a significant leader in Africa. He has made significant contributions to Ghana’s development and has played a leading role in regional cooperation.

12. Paul Biya – $200 million

Country: Cameroon

Date of Birth: 13 February 1933

Place of Birth: Mvomeka’a, Cameroon

Sources Of Wealth: Politics, Investments

Political Party: Cameroon People’s Democratic Movement

Paul Biya has been the president of Cameroon since 1982. He is the oldest president in the world and the second-longest-serving president in Africa. Biya was born on 13 February 1933 in the southern region of Cameroon and began his career as a bureaucrat under President Ahmadou Ahidjo. He served as Secretary-General of the Presidency from 1968 to 1975 and Prime Minister of Cameroon from 1975 to 1982.

Biya is a wealthy man. His estimated fortune is approximately $200 million. He is the highest-paid president in Africa, with a monthly salary of $50,833.33. Biya owns property in the United States and Europe.

His wealth has been a source of controversy. Some people believe that he has amassed his fortune through corruption. Others believe that he has earned his wealth through legitimate means.

Regardless of the source of his wealth, Biya is a powerful figure in Cameroon. He has been in power for over 30 years and shows no signs of stepping down anytime soon.

13. Abdel Fattah Khalil El-Sisi – $185 million

Country: Egypt

Date of Birth: 19 November 1954

Place of Birth: Al-Jamāliyah

Sources Of Wealth: Military, Politics, Investments

Political Party: N/A

With a net worth of $185 million, Abdel Fattah Khalil El-Sisi makes the list of wealthiest presidents in Africa. He served as Egypt’s sixth president from 2014 till the present. He is a retired Egyptian military officer.

He served as Egypt’s deputy prime minister from 2013 to 2014, defense minister from 2012 to 2013, and head of military intelligence from 2010 to 2012. He retired from the military in 2014.

The military, politics, and investments are the main sources of his riches. He is thought to have amassed a sizeable fortune during his military career and has also made investments in a number of companies.

The magnitude of El-Sisi’s fortune has generated significant debate. While certain critics have charged him with leveraging his position for personal gain, others have justified his wealth as a reward for his accomplishment and hard work.

El-Sisi is one of the richest presidents in Africa, regardless of the source of his income. It will be intriguing to observe how he uses his fortune to impact Egypt’s future because his wealth provides him with a substantial amount of power and influence.

14. Alassane Ouattara – $185 million

Country: Ivory Coast

Date of Birth: 1 January 1942

Place of Birth: Dimbokro, Côte d’Ivoire

Sources Of Wealth: IMF, Politics, Investments

Political Party: Rally of the Republicans

Alassane Ouattara was born on January 1, 1942, in Dimbokro, Ivory Coast. In 1965, he graduated with a bachelor of science from Drexel University, and in 1972, he received his Ph.D. in economics from the University of Pennsylvania.

At the beginning of his career, Ouattara worked as an economist for the Central Bank of West African States and the International Monetary Fund (IMF). He was chosen by President Félix Houphout-Boigny to be the Ivory Coast’s prime minister in 1990. This role he held up till 1993.

In 2010, Ouattara was elected President of Ivory Coast. He is the fifth President of the country and the first from the northern region. Ouattara is a member of the Rally of the Republican political party.

As President, Ouattara has focused on economic development and reconciliation. He has also worked to improve the country’s infrastructure and education system. Ouattara is a popular figure in Ivory Coast and is seen as a unifying force.

Here are some of Ouattara’s accomplishments as President:

• He has presided over a time of economic expansion and advancement.
• He has made an effort to upgrade the nation’s infrastructure, including its hospitals, bridges, and highways.
• He has made it easier for people to get healthcare and education.
• He has made an effort to advance harmony and peace.

15. Muhammadu Buhari – $110 million

Country: Nigeria

Date of Birth: 17 December 1942

Place of Birth: Daura, Katsina

Sources Of Wealth: Politics, Business, Investment

Political Party: All Progressives Congress

General Muhammadu Buhari was the President of Nigeria from 2015 to 2023. He was born in Daura, Katsina State, Nigeria, on December 17, 1942. His father, Hardo Adamu, was a Fulani chief, and his mother, Zulaihat, was a housewife. Buhari was raised by his mother after his father died when he was four years old.

Buhari attended primary school in Daura and Maidua. In 1953, His middle school years were in Katsina. In 1961, he received his West African School Certificate while attending Katsina Provincial Secondary School (now known as Government College, Katsina).

Buhari was enlisted into the Nigerian Army in 1961. In 1963, he received his second lieutenant commission. He participated in the 1967–1970 Nigerian Civil War. He served in the military for a number of years after the war, most notably as the Third Armoured Division’s General Officer Commanding (GOC).

Buhari headed the military coup that toppled the Second Nigerian Republic in December 1983. He assumed the roles of Nigeria’s president and military chief. The austerity policies and anti-corruption campaign of Buhari’s administration were well-known. In August 1985, he was removed from office in a coup.

Buhari withdrew from the military and embraced politics after leaving office. He unsuccessfully campaigned for president in 2003, 2007, and 2011. He again ran for president in 2015 and was successful. On May 29, 2015, he was sworn into office as president.

Buhari concentrated on reducing corruption and boosting the economy throughout his time as president. He also attempted to strengthen Nigeria’s ties with its neighbors. In 2019, Buhari won re-election. He left office on May 29, 2023, after handling power to the next president, His Excellency, President Bola Ahmed Tinubu

Buhari is a controversial individual. He has received accolades for his dedication to fighting corruption, but he has also come under fire for his record on human rights. Buhari is a dynamic person who significantly impacted Nigeria.

16. Dr. Goodluck Ebele Jonathan – $100 million

Country: Nigeria

Date of Birth: 20 November 1957

Place of Birth: Otuoke, Bayelsa, Nigeria

Sources Of Wealth: Politics, Investment

Political Party: Peoples Democratic Party

Good luck Ebele Jonathan was the President of Nigeria from 2010 to 2015. He was born in Otuoke, Bayelsa State, Nigeria, on November 20, 1957. He is a member of the People’s Democratic Party (PDP).

Jonathan began his political career in 1998 when he was elected deputy governor of Bayelsa State. He was elected governor of Bayelsa State in 2003 and re-elected in 2007. In 2007, Jonathan was elected vice president of Nigeria under President Umaru Musa Yar’Adua.

Yar’Adua died in 2010 and Jonathan became acting president. He was elected president in his own right in 2011. As president, Jonathan oversaw a period of economic growth and development in Nigeria. He also worked to improve relations between Nigeria and the international community.

In 2015, Jonathan lost the presidential election to Muhammadu Buhari. He became the first incumbent president in Nigerian history to concede defeat in an election.

Since leaving office, Jonathan has remained active in politics. He is the chairman of the Goodluck Jonathan Foundation, a non-profit organization that works to promote peace, development, and good governance in Nigeria.

Jonathan is a respected figure in Nigerian politics. He is known for his intelligence, charisma, and commitment to public service. He is also a devout Christian and a strong advocate for education.

Some of Jonathan’s accomplishments during his presidency include:

• Overseeing a period of economic growth and development in Nigeria.
• Working to improve relations between Nigeria and the international community.
• Being the first incumbent president in Nigerian history to concede defeat in an election.

Some of the criticisms of Goodluck Jonathan

• Ineffective response to the Boko Haram insurgency
• Corruption
• Economic mismanagement
• Incompetence

17. King Mswati III – $100 million 

Country: Eswatini

Date of Birth: 19 April 1968

Place of Birth: Manzini, Eswatini

Sources Of Wealth: kingship

Political Party: N/A

Mswati III is both the head of the royal family of Eswatini and the king of the Swazi Royal Family. He was raised in Manzini, a Swaziland protectorate, as a child by King Sobhuza II and Ntfombi Tfwala, one of his younger wives.

He became the Ingwenyama and King of Swaziland on April 25, 1986, when he was only 18 years old, becoming the youngest sovereign ruler in history at the time. He serves alongside his mother, Ntfombi Tfwala, who is currently the Queen Mother, as the nation’s absolute ruler.

Mswati III is an affluent ruler. Being the ruler of Swaziland’s Bantu-speaking population has given him considerable wealth. celebrity net worth place his net worth at $100 million, which is a kingly sum by Swazi standards despite the fact that his actual amount is unknown.

Mswati III is well-known for practicing polygamy, although the state designates a minimum of two spouses for the king. At present, he has 15 wives, showcasing the cultural and traditional aspects of Eswatini.

18. Isaias Afwerki – $120 million

Country: Eritrea

Date of Birth: 2 February 1946

Place of Birth: Asmara, Eritrea

Sources Of Wealth: Politics

Political Party: Eritrean People’s Liberation Front

Isaias Afwerki was born on February 2, 1946, in Asmara, Eritrea. He is the first and current president of Eritrea, serving since the country’s independence in 1993. In May 1991, he led the Eritrean People’s Liberation Front (EPLF) to victory, bringing the 30-year-long independence struggle to a conclusion.

Afwerki is the chairman of the People’s Front for Democracy and Justice (PFDJ), Eritrea’s only legitimate political party. He has been accused of human rights violations by the United Nations and Amnesty International. For the seventh year in a row, Reporters Without Borders has put Eritrea, under President Isaias Afewerki’s administration, at the bottom of its press-freedom rating.  His supporters praise him for leading Eritrea to independence and for his role in the country’s development. His critics accuse him of authoritarian rule and of human rights abuses.

Arbitrary detention, torture, forced labor, censorship, and restrictions on freedom of assembly and association are some of the human rights violations that have been attributed to Afwerki. In 2015, the United Nations Commission of Inquiry on Eritrea found that there were “systemic, widespread and gross human rights violations carried out in a context of total lack of rule of law.” But the Eritrean government has denied all allegations of human rights abuses.

19. Idriss Déby – $50 Million

Country: Chad

Date of Birth: 18 June 1952

Place of Birth: Chad

Sources Of Wealth: Politics, Oil and Gas

Political Party: Patriotic Salvation Movement

Idriss Déby Itno is a Chadian politician who has served as the country’s president since 1990. He is the leader of the Patriotic Salvation Movement (MPS). Déby belongs to the Bidyat clan of the Zaghawa ethnic group. He led a coup against President Hissène Habré in December 1990 and took control of the country. Despite numerous attempts to overthrow his rule, Déby has managed to hang on to his position of authority by using a combination of military force and political scheming.

Déby was born in 1952 in Fada, Chad. He joined the Chadian army in the early 1970s and rose through the ranks. He was named chief of staff of the army in 1982. Déby played a crucial role in bringing down Habré in 1990. Since his election as president in 1996, he has been reelected every five years.

Instability and brutality have been characteristics of Déby’s rule. He has been charged with violating human rights, including the use of disproportionate force against rebels and the repression of political opponents. Déby’s close relations with France and the United States have also drawn criticism. Déby is still a significant player in Chadian politics despite his difficulties, until his sudden death in 2021, he is one of the richest presidents in Africa with an estimated net worth of $50 million.

On April 20, 2021, Chadian President Idriss Déby Itno was killed in a battle with rebels in the north of the country. Following his death, the Chadian military seized power and installed Mahamat Idriss Déby, the president’s son, as interim president. The military junta dissolved parliament suspended the constitution, and announced a 18-month transition period.

The coup has been condemned by the international community, including the African Union, the United Nations, and the United States. The African Union has suspended Chad’s membership, and the United States has imposed sanctions on the military junta.

20. Yoweri Museveni – $50 million

Country: Uganda

Date of Birth: 15 September 1944

Place of Birth: Ntungamo, Uganda

Sources Of Wealth: Agriculture, Transportation, Politics

Political Party: National Resistance Movement

Yoweri Kaguta Museveni is the current president of Uganda. He has been in power since 1986, making him the longest-serving president in the country’s history. Museveni is a divisive character, and his leadership has been distinguished by both achievements and setbacks.

Museveni was born in 1944 into a family of cattle herders. He went to school in Tanzania and Uganda before attending the University of Dar es Salaam to study political science and economics. Museveni returned to Uganda after earning his degree and became involved in politics. He was a key player in the National Resistance Movement (NRM), which waged a rebellion against Milton Obote’s administration. After the NRM successfully ousted Obote in 1986, Museveni was elected president.

As president, Museveni has overseen a period of relative peace and stability in Uganda. In addition, he has enacted a variety of economic changes that have enhanced the standard of living for many Ugandans. However, Museveni has also come under fire for his record on human rights abuses and his autocratic governing style. Museveni’s resignation has been called for more and more in recent years.

Some notable African presidents who have faced corruption allegations

1. Blaise Compaoré (Burkina Faso)
2. Denis Sassou Nguesso (Congo-Brazzaville)
3. Teodoro Obiang Nguema Mbasogo (Equatorial Guinea)
4. Omar Bongo Ondimba (Gabon)
5. Idriss Déby (Chad)
6. Joseph Kabila (Democratic Republic of the Congo)
7. Yoweri Museveni (Uganda)
8. Robert Mugabe (Zimbabwe)
9. Paul Biya (Cameroon)
10. Olusegun Obasanjo (Nigeria)

Conclusion

The top 20 richest African presidents are a different group of people from various nations and histories. They have all been highly influential in their respective countries, but they have also come under criticism for alleged bribery and corruption. These presidents’ riches prompt several issues concerning the place of money in politics and the effects of corruption on growth.

Some claim that these presidents’ wealth is evidence of their success. They emphasize how many of these presidents have invested in their countries and enhanced the quality of life for their people. While others contend that these presidents’ wealth is an indication of corruption.

They emphasize how many of these presidents gained their offices through illegitimate means and have since utilized them to enrich themselves and their families. For instance, the president of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, has been charged with stealing billions of dollars from his country’s oil resources.

List of the Richest Presidents in Africa as of 2023

1. Bola Ahmed Tinubu-$8.4 Billion
2. King Mohammed VI-$5.7 Billion
3. Ibrahim Badamasi Babangida-$5 Billion
4. Chief Olusegun Aremu Obasanjo-$1.6 Billion
5. Ali Bongo Ondimba-$1 Billion
6. Teodoro Obiang Nguema Mbasogo-$600 million
7. Paul Kagame-$510 Million
8. Uhuru Muigai Kenyatta-$500 million
9. Cyril Ramaphosa-$450 million
10. Patrice Talon-$400 million
11. Nana Akufo-Addo-$250 Million
12. Paul Biya-$200 million
13. Abdel Fattah Khalil El-Sisi-$185 million
14. Alassane Ouattara-$185 million
15. Muhammadu Buhari-$110 million
16. Dr. Goodluck Ebele Jonathan-$100 million
17. King Mswati III-$100 million
18. Isaias Afwerki-$120 million
19. Idriss Déby-$50 Million
20. Yoweri Museveni-$50 million

FAQ

Who’s the richest African President?

The President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, popularly known as JAGABAN, is the richest President in Africa with an estimated net worth of more than $8.4 billion.

Top 5 Richest Presidents in Africa

1. Bola Ahmed Tinubu-$8.4 Billion
2. King Mohammed VI-$5.7 Billion
3. Ibrahim Badamasi Babangida-$5 Billion
4. Chief Olusegun Aremu Obasanjo-$1.6 Billion
5. Ali Bongo Ondimba-$1 Billion

How did Bola Tinubu become the richest president in Africa?

Tinubu amassed a fortune Through his involvement in business and politics

How much do Nigerian Presidents get paid?

The Nigerian president is paid a salary of N3,514,705 per month. This is roughly $7,300.

How do African presidents accumulate their wealth?

African leaders accumulate wealth through corrupt practices, nepotism, cronyism, business interests, and inheritance. This wealth is often hidden in offshore accounts and other secret places. The accumulation of wealth by African leaders has a number of negative consequences, such as corruption, inequality, and instability.

How does the wealth of African presidents impact their governance?

Wealthy presidents may be more likely to use their positions for personal gain and less likely to focus on the needs of the people. It is important to strengthen the rule of law and increase transparency in government to address this problem.

Is the wealth of African presidents a reflection of the economic condition of their countries?

The wealth of African presidents do not usually correspond to the prosperity of their nations. The wealth of a president can be influenced by a variety of elements, including personal wealth, salary and benefits, corruption, and foreign help.

How does the public perceive the wealth of African presidents?

Presidents of African nations are typically seen by the people as being corrupt and excessively wealthy.
Social unrest and a loss of confidence in the administration may result from this impression.

Are there any legal or ethical concerns regarding the wealth of African presidents?

Yes, the wealth of African presidents raises legal and ethical issues. Some presidents have been charged with abusing their power by engaging in dishonest activities like embezzlement and bribery in order to profit themselves.

What role does corruption play in the accumulation of wealth by African presidents?

African presidents may take advantage of their power to benefit from corruption. African nations are susceptible to the catastrophic effects of corruption.

How do African presidents invest their wealth?

African presidents put their money to work enhancing people’s lives, enhancing themselves, or pursuing their political goals.

More Articles on RNN

• Top 10 Richest Politicians in Africa (2023)
• Top 10 Richest Politicians in Nigeria and Their Net Worth (2023)
• Top 10 Richest Presidents In The World (2023)
• Top 10 Richest Governors in Nigeria
• Richest Senators in Nigeria (Top 10)

Sources:

www.clacified.com

www.forbes.com

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