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Richest Presidents in Africa 2021

richest presidents in Africa 2020

Glusea.com brings to the richest presidents in Africa 2021 .

Africa is often perceived as the poorest continent in the world. A lot of the world leaders attribute this to poor governance, political instability. It is often said that most of the leaders in Africa take up leadership positions for their own gain. How true is this?

We have put together the top 10 richest presidents in Africa 2021. This list was compiled from Fatumasvoice and African Hype. Before you read through can you guess which president will be in the list?

Read Richest Man in Ghana 2020

Top Ten Presidents in Africa 2020

  1. King Mohammed VI ($5.8 billion) – Morocco
Mohammed standing behind a lectern

Mohammed VI (born 21 August 1963)  is the King of Morocco. He is a member of the Alaouite dynasty and ascended to the throne on 23 July 1999 upon the death of his father, King Hassan II.

Mohammed is Morocco’s leading businessman and banker. In 2015, he was estimated by Forbes magazine to be worth US$2.5 billion, and the Moroccan Royal Family has one of the largest fortunes in the world.  Along with his family, they hold the majority stakes in the Société Nationale d’Investissement (SNI),   SNI has a diverse portfolio consisting of many important businesses in Morocco and operating in various sectors such as; Attijariwafa Bank (banking), Managem (mining), Onapar, SOMED (tourism/real-estate and exclusive distributor of Maserati), Wafa Assurance (insurance), Marjane (hypermarket chain), Wana-Inwi (telecommunications), SONASID (Siderurgy), Lafarge Maroc (cement manufacturer), Sopriam (exclusive distributor of Peugeot-Citroën in Morocco), Renault Maroc (exclusive distributor of Renault in Morocco) and Nareva (energy).

Read Richest Men in Africa Forbes 

2. Ali Bongo Ondimba ($1 billion) – Gabon

Ali Bongo Ondimba, 2012.jpg

Ali Bongo Ondimba (born Alain Bernard Bongo; 9 February 1959), sometimes known as Ali Bongo, is a Gabonese politician who has been President of Gabon since October 2009.

Ali Bongo is the son of Omar Bongo, who was President of Gabon from 1967 until his death in 2009. During his father’s presidency, he was Minister of Foreign Affairs from 1989 to 1991 and represented Bongoville as a Deputy in the National Assembly from 1991 to 1999; subsequently he was Minister of Defense from 1999 to 2009. Following his father’s death after 41 years in power, he was first elected in the August 2009 presidential election. He was re-elected in August 2016, in elections marred by numerous irregularities, arrests, human rights violations and post-election violence. Bongo is also President of the Gabonese Democratic Party.

Richest presidents in Africa 2021

3. Teodoro Obiang Nguema Mbasogo ($600 million) – Equatorial Guinea

Teodoro Obiang Nguema Mbasogo at the White House in 2014.jpg

Teodoro Obiang Nguema Mbasogo  is an Equatoguinean politician who has been President of Equatorial Guinea since 1979. He ousted his uncle, Francisco Macías Nguema, in an August 1979 military coup and has overseen Equatorial Guinea’s emergence as an important oil producer, beginning in the 1990s. Obiang was Chairperson of the African Union from 31 January 2011 to 29 January 2012. He is the second longest consecutively serving current non-royal national leader in the world.

Obiang has been widely accused of corruption and abuse of power. In marked contrast to the trend toward democracy in most of Africa, Equatorial Guinea is currently a dominant-party state, in which Obiang’s Democratic Party of Equatorial Guinea (PDGE) holds virtually all governing power in the nation. The constitution provides Obiang sweeping powers, including the right to rule by decree, effectively making his government a legal dictatorship.

Richest presidents in Africa 2021

4. Uhuru Kenyatta ($500 million) – Kenya

Uhuru Kenyatta.jpg

Uhuru Muigai Kenyatta  is a Kenyan politician, businessman, and the fourth and current President of the Republic of Kenya He served as the Member of Parliament (MP) for Gatundu South from 2002 to 2013. Currently, he is a member and the party leader of the Jubilee Party of Kenya. Uhuru was previously associated with the Kenya Africa National Union before joining The National Alliance, one of the allied parties that campaigned for his reelection during the 2017 general elections.

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He is the son of Jomo Kenyatta, Kenya’s first President, and his fourth wife Mama Ngina Kenyatta.  Uhuru was re-elected for a second term in the August 2017 general election, winning 54% of the popular vote. The win was formally declared on national television by the Chairman of the Independent Electoral and Boundaries Commission Wafula Chebukati. However, Uhuru’s election was successfully challenged in the Supreme Court of Kenya by his main competitor, Raila Odinga. On 1 September 2017, the court declared the election invalid and ordered a new presidential election to take place within 60 days from the day of the ruling. A new presidential election was held on 26 October, which he won, with 39% participation due to voter fatigue, voter apathy, and being boycotted by the opposition.

Read Number 5 of Top ten Richest Presidents in Africa 2021

5. Paul Kagame ($500 million) – Rwanda

Paul Kagame 2016-10-14.jpg

Paul Kagame  is a Rwandan politician and former military leader. He is the 4th and current President of Rwanda, having taken office in 2000 when his predecessor, Pasteur Bizimungu, resigned. Kagame previously commanded the Rwandan Patriotic Front, the Uganda-based rebel force that invaded Rwanda and was one of the parties of the conflict during the Rwandan genocide. He was considered Rwanda’s de facto leader when he served as Vice President and Minister of Defence from 1994 to 2000. He was re-elected in August 2017 with an official result of nearly 99% in an election criticized for numerous irregularities. He has been described as the “most impressive” and “among the most repressive” African leaders.

richest presidents in Africa 2021 Number 6

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

richest presidents in Africa 2020

Matamela Cyril Ramaphosa  is a South African politician and the fifth and current President of South Africa. He succeeded Jacob Zuma. Previously an anti-apartheid activist, trade union leader and businessman, Ramaphosa served as the Deputy President of South Africa from 2014 to 2018. He was elected President of the African National Congress (ANC) at the ANC National Conference in December 2017. He is also the former Chairman of the National Planning Commission, which is responsible for strategic planning for the future of the country, with the goal of rallying South Africa “around a common set of objectives and priorities to drive development over the longer term”. Ramaphosa was elected president by the National Assembly to his first full term on May 22 following the ANC’s victory in the 2019 South African general election. In 2020, Ramaphosa began serving as Chairperson of the African Union.

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He has been called a skillful negotiator and strategist  who acted as the ANC’s Chief Negotiator during South Africa’s transition to democracy. Ramaphosa built up the biggest and most powerful trade union in the country – the National Union of Mineworkers (NUM). He played a crucial role, with Roelf Meyer of the National Party, during the negotiations to bring about a peaceful end to apartheid and steer the country towards its first fully democratic elections in April 1994

richest presidents in Africa 2021 Number 7

7. King Mswati III ($200 million) – Swaziland

King Mswati III  richest presidents in Africa 2020

Mswati III is the king of Eswatini and head of the Swazi Royal Family. He was born in Manzini in the Protectorate of Swaziland to King Sobhuza II and one of his younger wives, Ntfombi Tfwala. He was crowned as Mswati III, Ingwenyama and King of Swaziland, on 25 April 1986 at the age of 18, thus becoming the youngest ruling monarch in the world at that time. Together with his mother, Ntfombi Tfwala, now Queen Mother , he rules the country as an absolute monarch. Mswati III is known for his practice of polygamy (although at least two wives are appointed by the state) and currently has 15 wives. His policies and lavish lifestyle have led to local protests and international criticism.

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

AFSisi.jpg

Abdel Fattah Saeed Hussein Khalil el-Sisi  is an Egyptian politician who is the sixth and current President of Egypt, former Director of Military Intelligence, former Minister of Defence, and former General. Starting 10 February 2019, Sisi also began serving a one-year term as Chairperson of the African Union, which concluded in 2020.

Sisi was born in Cairo and after joining the military, held a post in Saudi Arabia before enrolling in the Egyptian Army’s Command and Staff College. In 1992, Sisi trained at the Joint Services Command and Staff College at Watchfield, Oxfordshire, in the United Kingdom, and then in 2006 trained at the United States Army War College in Carlisle, Pennsylvania. Sisi served as a mechanized infantry commander and then as director of military intelligence. After the Egyptian revolution of 2011 and the election of Mohamed Morsi to the Egyptian presidency, Sisi was appointed Minister of Defence by Morsi on 12 August 2012, replacing the Mubarak-era Hussein Tantawi.

richest presidents in Africa 2021 Number 9

9. Isaias Afwerki ($100 million) – Eritrea

Isaias Afwerki the richest presidents in Africa 2020

Isaias Afwerki (born 2 February 1946, is the first and current president of Eritrea, a position he has held since after the Eritrean War of Independence in 1993. He led the Eritrean People’s Liberation Front (EPLF) to victory in May 1991, ending the 30-year-old war for independence.

Isaias is the leader of Eritrea’s sole legal political party, the People’s Front for Democracy and Justice (PFDJ). He has been cited for human rights violations by the United Nations and Amnesty International. In 2015, Reporters Without Borders ranked Eritrea under the government of President Isaias Afewerki last in its press-freedom index for the eighth year running.

Read Number 10  Richest Presidents in Africa 2021

10. Idriss Déby ($50 million) – Chad

the richest presidents in Africa 2020 Idriss Déby at the White House in 2014.jpg

General Idriss Déby Itno is a Chadian politician who has been the President of Chad since 1990. He is also head of the Patriotic Salvation Movement. Déby is of the Bidyat clan of the Zaghawa ethnic group. He took power at the head of a rebellion against President Hissène Habré in December 1990 and has since survived various rebellions against his own rule. He won elections in 1996 and 2001, and after term limits were eliminated he won again in 2006, 2011, and 2016. He added “Itno” to his surname in January 2006. He is a graduate of Muammar Gaddafi’s World Revolutionary Center.

In conclusion, the source of wealth for most of the richest presidents in Africa 2021 is as a result of their long term in office.

 

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Safra Catz Net Worth

Safra Catz

What is Safra Catz net worth?

Net worth$1.8 billion
NameSafra A. Catz
Born December 1, 1961
NationalityIsraeli-American

Safra Catz net worth 2021: Safra A. Catz is an Israeli-American billionaire banker and technology executive. She is the CEO of Oracle Corporation. She currently has anet worth of $1.8 billion.

Early life

Catz was born in Holon, Israel, to Jewish parents. Her father was an immigrant from Romania. She moved from Israel to Brookline, Massachusetts at the age of six.

Catz graduated from Brookline High School. She earned a bachelor’s degree from the Wharton School of the University of Pennsylvania in 1983 and a J.D. from the University of Pennsylvania Law School in 1986.

Career

Catz was a banker at Donaldson, Lufkin & Jenrette, serving as a managing director from February 1997 to March 1999 and a senior vice president from January 1994 to February 1997 and previously held various investment banking positions since 1986.

In 1999, Catz joined Oracle as senior vice president. She has been a non-executive director of Oracle subsidiary Hyperion Solutions since April 2007. She has been a member of the executive council of TechNet since March 2013. She was a director of PeopleSoft Inc since December 2004 and Stellent Inc. since December 2006.

Catz joined Oracle Corporation in April 1999. Catz became a member of the company’s board of directors in October 2001 and president in early 2004. She is credited for having driven Oracle’s 2005 efforts to acquire software rival PeopleSoft in a $10.3 billion takeover. Catz is also the company’s CFO, serving temporarily in that role from November 2005 to September 2008, and from April 2011 to the present. Mark Hurd joined her as co-president in 2010. In December 2019, Oracle stated that Catz would be the sole CEO after Hurd’s death.

In 2009 she was ranked by Fortune as the 12th most powerful woman in business. In 2009 she was ranked by Forbes as the 16th most powerful businesswoman.

 In 2014, she was ranked 24th. According to an Equilar analysis published by Fortune, she was in 2011 the highest-paid woman among Fortune 1000 companies, receiving an estimated US$51,695,742 in total remuneration.

Catz is a lecturer in accounting at the Stanford Graduate School of Business Catz was a director of HSBC Group from 2008 to 2015.

After the election of Donald Trump, Catz was one of several high-profile CEOs, including Tim Cook, Sheryl Sandberg and Jeff Bezos, invited to talk with the then president-elect about potentially taking up a position in the incoming administration.

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 According to Bloomberg, she was considered for the post of U.S. Trade Representative or Director of National Intelligence.

Catz is the highest paid female CEO of any U.S. company as of April 2017, earning $40.9 million after a 23% drop in her total compensation relative to 2016.

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She was elected to the board of directors of The Walt Disney Company in December 2017, effective February 2018.

Safra Catz Net Worth

Safra Catz net worth is $1.8 billion. She has been an executive at Oracle since April 1999, and a board member since 2001. In April 2011, she was named co-president and chief financial officer (CFO), reporting to founder Larry Ellison.

 In September 2014, Oracle announced that Ellison would step down as CEO and that Mark Hurd and Catz had been named as joint CEOs. In December 2019, Oracle stated that Catz would be the sole CEO after Hurd’s death.

Read Tim Cook net worth

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Bob Dudley Net Worth

Bob Dudley Net Worth

Bob Dudley net worth: Robert Warren Dudley is an American-born businessman who is a former group chief executive of BP.

He had served as president and chief executive of TNK-BP and on June 18, 2010, was assigned to be BP executive in charge of the Gulf Coast Restoration Organization responding to the Deepwater Horizon oil spill. He is the chair of the international industry-led Oil and Gas Climate Initiative (OGCI).

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Early life

Dudley was born in Queens, New York, grew up in Hattiesburg, Mississippi, and graduated from Hinsdale Central High School in suburban Chicago in 1973. He received a bachelor’s degree in chemical engineering from the University of Illinois, where he joined the fraternity Phi Kappa Psi and served as District 3 Archon.

He then obtained a master of international management (MIM) degree from the Thunderbird School of Global Management (now part of Arizona State University) and an MBA from Southern Methodist University.

Career

Dudley joined Amoco in 1979. He worked in a variety of positions including negotiating deals in the South China Sea. He worked in the oil industry for a long time including Amoco in Moscow from 1994 to 1997. He became a general manager for strategy. After BP acquired Amoco he assumed a similar position at BP.

From 2003-2008 he was president and chief executive of TNK-BP. He was appointed when BP went into partnership with a group of Russian billionaires known as AAR.

The deal was worth $6bn (£3.6bn at the time). Under Dudley, the joint venture increased oil output by a third to 1.6 million barrels per day. However, he fell out with AAR, who accused him of favouring BP. Disputes escalated and reached a point where BP’s technical staff were barred from working in Russia. In June 2008, Bob Dudley left Russia in haste when his visa was not renewed.

 At the time, he said he had faced “sustained harassment” from the Russian authorities. For five months, he attempted to run TNK-BP from an undisclosed secret location outside Russia but resigned in December 2008.

Wikileaks revealed that Bob Dudley strongly suspected Igor Sechin, Russia’s deputy prime minister and chairman of the state-owned energy company, Rosneft, for organizing a boardroom coup that led him to feel life-threatened.

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On April 6, 2009 he became a managing director of BP, and was given oversight of the company’s activities in the Americas and Asia

On June 23, 2010, he was appointed president and chief executive officer of BP’s Gulf Coast Restoration Organization working with the oil leakage in the Gulf of Mexico, which affected five US states. As head of the organization, he was responsible for the cleaning work in the Gulf, the cooperation with authorities, informing the public about BP’s activities surrounding the disaster and analyzing the damage caused by the disaster.

Read Hubert Joly net worth

Dudley succeeded Tony Hayward as their group chief executive on October 1, 2010. He worked as Group CEO until 2020 when he was succeeded by Bernard Looney.

Bob Dudley Net Worth

Bob Dudley took an annual salary of $15.1 million which was later cut to $14.1 million as chief Executive officer of the group.

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Rich Lesser Net Worth

Rich Lesser net worth

What is Rich Lesser net worth ?

Rich Lesser net worth: Richard “Rich” Lesser is an American businessman who has served as the CEO of American global management consultancy the Boston Consulting Group (BCG).

Early life and education

Lesser grew up in Pittsburgh, Pennsylvania during the 1970s, a time of economic hardship for the city due to the implosion of the steel industry at the time.

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He holds an MBA from Harvard Business School, where he was a Baker Scholar, and a bachelor’s degree in Chemical Engineering, summa com Laude, from the University of Michigan.

Career

Lesser started his career as a process development engineer and group leader at Procter & Gamble. In 1988, Lesser joined BCG as a consultant. He served as the head of the New York Metro office system from 2000 to 2009, and as BCG’s Chairman for North and South America from 2009 to 2012.

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 He was elected to the firm’s Executive Committee in 2006. Since joining BCG in 1988, Lesser’s client work has focused on strategy, operations, leadership, and large-scale transformation. It is claimed he played a pivotal role in helping BCG become the only global management consulting firm to grow strongly through the 2008 recession.

In May 2012, he was named the successor of Hans-Paul Bürkner as the Global Chief Executive Officer of Boston Consulting Group.

Under his leadership, BCG has continued its strong global growth across all regions an practices, fueled by investments in new offices, digital and analytics, and capabilities to drive innovation and transformation.

 Lesser oversaw the launch of BCG Digital Ventures, a builder and accelerator of digital businesses; BCG Gamma, an analytics and machine-learning team; and BCG TURN, a turnaround, restructuring, and transformation unit and more recently, the Center for Climate Action.

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In October 2018, Lesser began a third three-year term as CEO of Boston Consulting Group

Lesser also serves as chief advisor to the World Economic Forums’s (WEF) Alliance of CEO Climate Leaders, is on the Board of Directors of the Business Roundtable, and is a member of the WEF’s International Business Council.

 He has accelerated BCG’s strong investments in social impact through its many partnerships, including the World Food Programme, Save the Children, and the World Wildlife Fund.

In December 2016, Lesser joined a business forum assembled by then-president-elect Donald Trump to provide strategic and policy advice on economic issues.

Rich Lesser Net Worth

According to Forbes, BCG is worth $8.5 billion. Founded in 1963, BCG (Boston Consulting Group) is a global management-consulting firm. BCG helps corporations and other organizations innovate and achieve sustainable competitive advantage.

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