Mugabe ranked 9th richest African leader

via Mugabe ranked 9th richest African leader – Nehanda Radio | Nehanda Radio 8 October 2014

Forbes has published its 2014 Africa Rich list which ranks President Robert Mugabe of Zimbabwe as the 9th richest African leader.

Below is the full report:

Africa is the second largest continent in the world. It is also world’s second most populous continent and regarded as the poorest continent. There are 47 nations in Africa, led by different leaders who have been ruling for several decades.

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 through the creation of companies under the names of their families. Here is a brief overview of the richest Presidents in Africa.

The 9 Richest African Presidents and Kings as of 2014:

9) Robert Mugabe – Net Worth: $10 Million

Country: Zimbabwe, Years in Power: 34

Robert Mugabe is the President of Zimbabwe. His net worth is estimated to be around $10 million. The dictator’s family is very wealthy. Mugabe has won many elections, although frequently these have been criticized by outsiders for violating various electoral procedures.

8) 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. Towards the end of August 2006, he made international news after calling for his nation to have 60 percent stake in its output after receiving crumbs from foreign companies running the industry.

=6) Goodluck Jonathan – Net Worth: $100 Million

Country: Nigeria, Years in Power: 4

Goodluck Jonathan is the President of Nigeria. His net worth is estimated to be around $100 million. He launched a “Roadmap for Power Sector Reform”, launched the Youth Enterprise with Innovation in Nigeria and launched the Transformation Agenda. He is a member of the ruling “People Democratic Party”.

=6) King Mswati III – Net Worth: $100 Million

Country: Swaziland, Years in Power: 28

The 15th richest royal in the world, according to Forbes Magazine. Mswati III is the King of Swaziland. He is worth more than $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 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 exceed $600 million, according toForbes Magazine. 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 Power: 34

Jose Eduardo dos Santos is the President of Angola. He has held on to this post since 1979. His personal estimated wealth exceed more than $20 billion, according to Cabinda Online. While around 70 percent of Angolans live on less than two dollars a day. His daughter, Isabel dos Santos is among the Forbes Africa’s billionaires with a net worth of $3.8 billion. She’s currently Africa’s richest woman and also the world’s richest black woman.


  • comment-avatar
    Tozvirevakupiko 8 years ago

    Uhmmm – Africa woye! Cry Africa!!!

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    shumba liverpool 8 years ago

    Come on Forbes.Only10 million in 3 decades not bad..I kinda doubt some of these amounts though.

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    Reverend 8 years ago

    I honestly believe that $10,000,000 is Mugabe’s pocket change, and that he has A LOT MORE THAN THAT. It would not surprise me if he ran into billions.

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    MANDELA jnr 8 years ago

    isu tichifa nenzara……

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    harmony 8 years ago

    Zvimbwasungatana munongoramba muchinamata vanhu vaneta nemari imi muchishaiwa neyemunyu unowawa chaiwo,ndashaiwa zita rakanaka rekukupai.

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    Swagman 8 years ago

    They are not counting the billions
    he stole from hid buddy Qaddafi!

    Nor the diamonds in Singa-poor!

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    revenger avenger 8 years ago

    Printing error baby. Its billions-not millions !!!!!!!!!!

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    Doris 8 years ago

    And the outside world still pumps aid into these countries! Shame, think of the poor starving people in those countries!

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    tapiwa 8 years ago

    If Mugabe is worth USD10 million then he is not rich but unfortunately whoever wrote this does not understand how rich Mugabe is. His house only is worth close to if not more than USD10 million (in Zimbabwe) if it was say in UK would be worth anything upwards of 30 million pounds. The rest of the money well its not for public consumption. USD10 billion would be more like it remember his daughter’s wedding and other expenses.

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    Mlimo 8 years ago

    He has a stone that pumps forth US dollars at his request another marvel of zimbabwe

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    Inside sources from a relative on the inside says that Mugabe is worth $3 billion dollars and all of it is in Malaysia…

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    truth 8 years ago

    They got this list backwards. Mugabe is number 2

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    wasu wemanyika 8 years ago

    Mugabes 10 MILLION IS NOT MUCH GUYS .LETS BE REALISTIC HERE .Look at this idiot UHURU KENYATTA 500 MILLION IN ONE YEAR.THATS REDICULOUS . If he rules for 30 years how much will he be worth? 500 million *30 years = 1.5 trillion .lol

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      Chematama 8 years ago

      lol it was never said Kenyata amassed all the wealth during his presidency ,remember his Father Jomo was also a President

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    10 Million only. thats a lie. Mpofu asks that for a bribe and you say our leader is worth that change. revise your drawing board

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    Panda moyo 8 years ago

    Have got to salute the old man for managing to hide his loot from the “haters”.they think he only has 10m.well done gono,you hid the millions well.can see that 7cmmercial farms and several manion in and outside the contry are worth very little

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    Mugabe is poor then! !! He’s worth more than dos Santos

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    Wherever one goes, a Zimbo will not be outdone.
    He has to be seen to have the best car, woman, suit,,,, blah blah blah.
    Our “presi”, surely has to be the richest looter on the Continent.
    He is just being an ordinary Zimbo!!!

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    Netsai 8 years ago

    these tyrants make me wont to leave oz, go kumusha and protect my family and sanity. What chance do we have to surive? Let, demand, insist we rise up. No more sitting down, talking and complaning over skuds. Please the time must come. Chokwadi!

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    PETER 4 years ago