Top 17 richest presidents in Africa 2024 and their net worth

Top 17 richest presidents in Africa 2024 and their net worth

It is indisputable that Africa has many untapped resources. Most of the nations in the continent are categorised as third-world or developing. Despite this, each has affluent people, some of whom are at the helm of leadership. The richest presidents in Africa are wealthy because their salaries are high, they have multiple investments, and some come from affluent backgrounds.

Richest presidents in Africa
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TABLE OF CONTENTS

Many people daydream about life as affluent and powerful people. For the richest presidents in Africa, this is a reality. They have political power and resources that can sustain generations for years. How did they become rich, and how much are they worth?

Richest presidents in Africa: top 17 list

Most African political leaders are wealthy. Some are significantly richer than others. Check out the list of the wealthiest presidents below to discover who they are and their sources of wealth.

17. Mahamat Déby (Chad) - $50 million

  • Full name: Mahamat Idriss Déby Itno
  • Date of birth: 1st January 1984
  • Age: 39 years (as of 2023)
  • Place of birth: Chad
  • Sources of wealth: Military career and inheritance

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Mahamat Déby is the transitional president of Chad and the Chadian army general. He took over the country's leadership on 20th April 2021 after his father's demise. He has an estimated net worth of $50 million.

16. Yoweri Museveni (Uganda) - $50 million

richest presidents in Africa
Yoweri Museveni of Uganda during the London Conference on Somalia at Lancaster House in London, England. Photo: Hannah McKay - WPA Pool
Source: Getty Images
  • Full name: Yoweri Kaguta Museveni Tibuhaburwa
  • Date of birth: 15th September 1944
  • Age: 78 years (as of 2023)
  • Place of birth: Ntungamo, Uganda
  • Sources of wealth: Presidential salary, farming, and other business investments

Yoweri Kaguta Tibuhaburwa Museveni has been Uganda's head of state since 1986. Over the years, he has accumulated a lot of wealth from his salary and other ventures. His net worth is about $50 million.

Museveni has invested in various sectors. He is an avid farmer and has mainly invested in livestock farming. He also has businesses in the energy, food processing, and construction industries.

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15. Muhammadu Buhari (Nigeria) - $80 million

richest presidents in Africa
Muhammadu Buhari delivers remarks to journalists at the end of his meeting with Portuguese President Marcelo Rebelo de Sousa in Belem Presidential Palace. Photo: Horacio Villalobos/ Corbis
Source: Getty Images
  • Full name: Muhammadu Buhari
  • Date of birth: 17th December 1942
  • Age: 80 years (as of 2023)
  • Place of birth: Daura, Nigeria
  • Sources of wealth: Military career, political career, and business investments

Muhammadu Buhari is the sitting and soon-to-exit president of Nigeria. His net worth is about $80 million.

He has had a long-running career in the Nigerian military. He climbed the ladder and was the military head of state from 1983 to 1985, earning him a lot of money. He also owns multiple businesses in Nigeria and overseas, including in the oil sector.

14. King Mswati III (Swaziland) - $100 million

Who is the richest president in the whole world?
King Mswati of Swaziland listens during the Bloomberg Global Business Forum in New York, U.S.A. Photo: Bess Adler/Bloomberg
Source: Getty Images
  • Full name: Mswati III
  • Date of birth: 19th April 1968
  • Age: 54 years (as of 2023)
  • Place of birth: Raleigh Fitkin Memorial Hospital, Manzini, Eswatini
  • Sources of wealth: Inheritance and business investments

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Mswati III is the reigning King of Swaziland and the head of the Swazi royal family. He has an estimated net worth of $100 million dollars. He became the youngest ruling monarch after being crowned the king at 18.

A significant portion of his wealth is inherited from his family. He also has a stake in various businesses, which rake in a significant amount of money each year.

13. Isaias Afwerki (Eritrea) - $180 million

Who is the richest president in the whole world?
Isaias Afwerki, leader of Eritrea, speaks during the United Nations General Assembly at the UN headquarters in New York. Photo: Stan Honda/AFP
Source: Getty Images
  • Full name: Isaias Afwerki
  • Date of birth: 2nd February 1946
  • Age: 77 years (as of 2023)
  • Place of birth: Asmara, Eritrea
  • Sources of wealth: Political career and business investments

Isaias Afwerki has been Eritrea's head of state since the country gained independence in 1993. He has been on the political scene for decades and was part of his country's freedom fighters.

Besides making money from his work as president, he also earns from several business investments. He has a net worth of $180 million.

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12. Alassane Ouattara (Ivory Coast) - $185 million

richest presidents in Africa
Alassane Ouattara, Ivory Coast's president, at the European Union-Africa Union Summit at the EU Council headquarters in Brussels, Belgium. Photo: Valeria Mongelli/Bloomberg
Source: Getty Images
  • Full name: Alassane Dramane Ouattara
  • Date of birth: 1st January 1942
  • Age: 81 years (as of 2023)
  • Place of birth: Dimbokro, Côte d’Ivoire
  • Sources of wealth: Business investments, employment, and political career

Alassane Ouattara became the fifth president of Ivory Coast in 2010. Before then, he served as the country's prime minister. In the late 1960s and early 1970s, he was employed by the International Monetary Fund in Washington DC. He has a net worth of $185 million.

11. Abdel Fattah el-Sisi (Egypt) - $185 million

Who is the richest president in the whole world?
Egyptian President Abdel Fattah El-Sisi participates in the Leaders Session – Partnering on Agenda 2063 at the US - Africa Leaders Summit in Washington, DC. Photo: Kevin Dietsch/Getty Images
Source: Getty Images
  • Full name: Abdel Fattah Saeed Hussein Khalil el-Sisi
  • Date of birth: 19th November 1954
  • Age: 68 years (as of 2023)
  • Place of birth: Al-Jamāliyah
  • Sources: Military career, presidential salary, and business investments

Abdel Fattah Saeed Hussein Khalil el-Sisi became Egypt's head of state in 2014 and has an estimated net worth of $185 million. Before becoming the president, he served in the army for many years.

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Besides earning from the military and his current position, he owns several investment firms operating in North Africa and overseas.

10. Paul Biya (Cameroon) - $200 million

richest presidents in Africa
President of Cameroon Paul Biya attends a signing ceremony at The Great Hall Of The People in Beijing, China. Photo: Lintao Zhang
Source: Getty Images
  • Full name: Paul Biya
  • Date of birth: 13th February 1933
  • Age: 90 years (as of 2023)
  • Place of birth: Mvomeka'a, Cameroon
  • Sources: Political career and business investments

Paul Barthélemy Biya'a bi Mvondo has headed Cameroon since 6th November 1982 and has a net worth of $200 million. During his almost 40-year-old tenure, he has accumulated plenty of wealth.

Cameroon's head of state and his family own multiple businesses. They have companies in the timber, oil, banking, transport, and construction sectors.

9. Nana Akufo-Addo (Ghana) - $250 million

Who is the richest president in Africa?
Nana Akufo-Addo delivers the Keynote Address for the 10th Annual Africa Development Conference at Harvard University in Cambridge. Photo: Paul Marotta
Source: Getty Images
  • Full name: Nana Addo Dankwa Akufo-Addo
  • Date of birth: 29th March 1944
  • Age: 79 years (as of 2023)
  • Place of birth: Accra, Ghana
  • Sources of wealth: Law career, political career, and business investments

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Nana Akufo-Addo, the fifth President of Ghana, has an estimated net worth of $250 million. He became the country's head in early January 2017 and was re-elected for his second term in 2020. He practiced law before becoming a politician and has invested in multiple businesses.

8. William Ruto (Kenya) - $305 million

richest presidents in Africa
Kenyan President William Ruto speaks at the 77th session of the United Nations General Assembly (UNGA) at the UN headquarters in New York City. Photo: Spencer Platt/Getty Images
Source: Getty Images
  • Full name: William Kipchirchir Samoei Arap Ruto
  • Date of birth: 21st December 1966
  • Age: 56 years (as of 2023)
  • Place of birth: Kamagut, Kenya
  • Sources of wealth: Political career, agriculture, and business investments

William Ruto's net worth in 2023 is about KES 40 billion or $305 million. He is the fifth and current president of Kenya since 13th September 2022. Before becoming president, he served as Kenya's deputy president from 2013 to 2022

7. Patrice Talon (Benin) - $400 million

Who is the richest president in the whole world?
Benin's President Patrice Talon at the Elysee Palace in Paris, France. Photo: Antoine Gyori/Corbis
Source: Getty Images
  • Full name: Patrice Guillaume Athanase Talon
  • Date of birth: 1st May 1958
  • Age: 64 years (as of 2023)
  • Place of birth: Benin
  • Sources of wealth: Businesses in the key cotton sector and running Cotonou's port

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Patrice Talon assumed his current position as the President of Benin on 6th April 2016. He is worth about $400 million as of 2023.

He made his wealth from running multiple businesses, especially in the cotton sector. He also raked a significant amount of money from running Cotonou's port.

6. Cyril Ramaphosa (South Africa) - $450 million

richest presidents in Africa
South African President Cyril Ramaphosa attends a press conference after the G20 Compact with Africa conference at the Chancellery in Berlin, Germany. Photo: Filip Singer - Pool
Source: Getty Images
  • Full name: Matamela Cyril Ramaphosa
  • Date of birth: 17th November 1952
  • Age: 70 years (as of 2023)
  • Place of birth: Soweto, South Africa
  • Earnings: $198,742 (R2.99 million) monthly salary
  • Sources: Political career, entrepreneurship, and investments

South Africa's sitting president, Cyril Ramaphosa, has a net worth of $450 million. He is a former anti-apartheid activist, trade union leader, and entrepreneur.

He stepped back from his business pursuits to focus on his political career. Even so, he still makes a significant amount of money every year from his business investments.

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5. Paul Kagame (Rwanda) - $500 million

Who is the richest president in Africa?
Paul Kagame, Rwanda's president, at the European Union-Africa Union Summit in Brussels, Belgium. Photo: Valeria Mongelli/Bloomberg
Source: Instagram
  • Full name: Paul Kagame
  • Date of birth: 23rd October 1957
  • Age: 65 years (as of 2023)
  • Place of birth: Ruanda-Urundi
  • Sources of wealth: Businesses and political career

Paul Kagame, the president of Rwanda, has an estimated net worth of $500 million. He assumed his current political position in March 2000 and is the nation's fourth president.

Besides earning an impressive monthly salary, Kagame has made investments in almost all sectors of his country's economy. His family owns and runs Crystal Ventures, a company with assets worth over $500 million.

4. Teodoro Obiang Nguema Mbasogo (Equatorial Guinea) - $600 million

Who is the richest president in the whole world?
Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea, delivers a speech during the first Gateway To Africa conference held in Geneva, Switzerland. Photo: Harold Cunningham
Source: Getty Images
  • Full name: Teodoro Obiang Nguema Mbasogo
  • Date of birth: 5th June 1942
  • Age: 80 years (as of 2023)
  • Place of birth: Acoacán, Equatorial Guinea
  • Sources: Presidential salary, business investments, and alleged government looting

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Teodoro Obiang Nguema Mbasogo is one of the wealthiest political leaders in Africa. He has an estimated net worth of $600 million. He became Equatorial Guinea's head of state in 1979 and is one of the longest-serving African presidents.

3. Ali Bongo Ondimba (Gabon) - $1 billion

Who is the richest president in Africa?
Gabon President Ali Bongo Ondimba speaks during an Action on Forests and Land Use event on day three of COP26 at SECC on 2nd November 2021 in Glasgow, United Kingdom. Photo: Paul Ellis - Pool
Source: Getty Images
  • Full name: Ali Bongo Ondimba
  • Date of birth: 9th February 1959
  • Age: 64 years (as of 2023)
  • Place of birth: Brazzaville, Republic of the Congo
  • Sources of wealth: Inheritance, presidential salary, and business investments

Ali Bongo Ondimba became the president of Gabon in 2009 and has an estimated net worth of $1 billion. He assumed the presidential position following the demise of his father.

During his father's tenure, he held senior government positions, which earned him a lot of money. Besides, he was born into a wealthy family.

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2. Bola Ahmed Tinubu (Nigeria) - $4 billion

  • Full name: Chief Bola Ahmed Adekunle Tinubu
  • Date of birth: 29th March 1952
  • Age: 71 years (as of 2023)
  • Place of birth: Lagos, Nigeria
  • Sources of wealth: Political career and business investments

Bola Ahmed Tinubu is the president-elect of the Republic of Nigeria. He is recognised among the wealthiest politicians in Nigeria, with an estimated net worth of $4 billion. He will officially succeed Muhammadu Buhari in late May 2023.

1. King Mohammed VI (Morocco) - $5.7 billion

Who is the richest president in Africa?
King Mohammed VI of Morocco attends the signing of bilateral agreements at the Agdal Royal Palace in Rabat, Morocco. Photo: Carlos R. Alvarez/WireImage
Source: Getty Images
  • Full name: King Mohammed VI
  • Date of birth: 21st August 1963
  • Age: 59 years (as of 2023)
  • Place of birth: Rabat, Morocco
  • Sources of wealth: Inheritance, presidential salary, and businesses

King Mohammed VI of Morocco is the richest president in Africa in 2023, with an estimated net worth of$5.7 billion. He took over the position after the passing of his father in 1999.

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Mohammed VI is a member of the Alaouite dynasty, the present Moroccan royal family. He makes his wealth from his presidential salary and vast businesses. He also inherited plenty of wealth from his family.

Who is the richest leader in Africa?

King Mohammed VI of Morocco is the richest president on the continent. His net worth is $5.7 billion.

Who is the richest president in the whole world?

Vladimir Putin is believed to be the wealthiest president in the world. He has an estimated net worth of $200 billion.

Who is the richest president in Africa?

The richest president in Africa is King Mohammed VI of Morocco, with an estimated net worth of $5.7 billion.

Most African heads of state are wealthy. The above list of the richest presidents in Africa shows that many of them have gained their wealth from their illustrious careers, business investments, and inheritance.

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DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

READ ALSO: Top online shops in Ghana 2023: popular online shopping sites

Yen.com.gh recently published a list of the top online shops in Ghana in 2023. Online shopping has a great impact on Ghana's economy. More people now buy goods and services via the internet.

You should not endure long queues at your local supermarkets or shopping malls when you can shop online. You can also request the seller to deliver your items to your doorstep.

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Source: YEN.com.gh

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Venic Mwendwa Venic Nyanchama is a copywriter with more than two years of working experience in the journalism world. She has an educational background in Journalism and Media Studies from the University of Nairobi having graduated in 2014. Venic works on topics in Facts and Life Hacks since 2018. Email address: venicmwendwa@gmail.com

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Cyprine Apindi (Lifestyle writer) Cyprine Apindi is a content creator and educator with over six years of experience. She holds a Diploma in Mass Communication and a Bachelor’s degree in Nutrition and Dietetics from Kenyatta University. Cyprine joined Briefly.co.za in mid-2021, covering multiple topics, including finance, entertainment, sports, and lifestyle. In 2023, she finished the AFP course on Digital Investigation Techniques. She received the 2023 Writer of the Year Award. In 2024, she completed the Google News Initiative course. Email: cyprineapindi@gmail.com

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