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Mugabe ranked 9th richest African leader

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

Fancy the Presidency love?: Mugabe and wife Grace
Fancy the Presidency love?: Mugabe and wife Grace

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 ForeignPolicy.com. 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.

  • mdara

    $10mill chete??? do these people seriously know gushugo tht money is change kwaari

    • Dog Star

      Sounds little but this country is small and mining and manufacturing is dying. If you look at the rich guys with dollars, it is mostly oil resources that push their wealth. Zim had diamonds but makarwe munched everything with every Jack and Jill grabbing as much as possible. Small pie for greedy Zanoids. Zim is not producing. Bob will never be a billionaire. Even Chiyangwa akatadza

    • the bigger boss

      It meant billion N0T million.

    • G Dawg

      His house cost over 5 million pounds to build way back. He has multiple farms, his nephews are worth more than $10 million each, which he gave them and owns Gushungo holdings. Now do the maths. He is definitely worth $10 billion + and that’s being conservative. Ask Gono

      • Hungwe

        Yes! And Gono himself is self confessed billionaire. This report is [email protected]#$%^&*().

    • Hungwe

      They’re stupid!. How can a man who throws a $5m wedding for his daughter, in addition to multimillion dollar birthday bashes be considered to be worth only $10m. Even his rural home alone is worth much more than this.

  • Cde Svose

    CONGRADS GUSHUNGO WE BEEN RANKED LOW IN EVERYTHING BUT LITERACY, THIS IS WELCOME RELIEF!!! ZIMBABWE NEED SOMETHING TO SMILE ABOUT

    • mashmallow

      Hw much did he spend on bona s wedding alone?an amount which was just a fraction of his wealth

  • diblo dibala

    Zimbabwe needs that fortune back.Your demise will kickstart the begining of a new era.Be warned!

  • Musimwa81

    By the way, how many countries are in Africa?

    • The Watcher

      I thought Africa has 56 countries

      • Musimwa81

        Actually the answer is not as straight forward as one might think, but common sense would tell me, (As a newspaper publisher) to 1st & foremost go with what the AU has. AU has 54 members. Morocco is not a member, l believe …….so it is not included……. I personally would settle for the number 55.

        If you want to further complicate it, you would say 56, including Somali-land….. but l am not gonna go there.

      • Hungwe

        52

  • Musimwa81

    These are never accurate…….

  • Please Chatunda Mugabe’s pocket money alone exceeds 10 million!

  • Pidigori

    Make your calculations correctly….Thats money in his son’s bank account

  • The Archbishop

    Ridiculous. Forbes did not do due diligence. Mugabe’s mansion in Borrowdale alone has an estimated value of more than $10 million. Not to mention Mugabe’s Gushungo Dairy Plant, a subsidiary of Gushungo Holdings, which has state of the art equipment that was bought from South Africa at an estimated cost of about $15 million. Alpha and Omega dairy products from Mugabe’s company are exported for millions of dollars and local supermarkets are mandated to stock Alpha Omega Dairy products from Mugabe’s Company. He has secret offshore accounts, mainly in Asia, stashed jewellery, gold and diamonds hidden in vaults. Wiki Leaks may be more accurate in estimateing his net worth to have been over $1 Billion in 2001. Forbes, please give us just a modicum of seriousness..

  • Chimbwido Warvet

    A load of crap here. Only idiots can accept this nonsense. Why leaders on the African continent only are in the spotlight? As usual, the African continent is portrayed as the poorest continent on mother earth when the opposite is true. It would have been more accurate if Forbes had portrayed the continent as the most ravaged by American and European powers, abused, exploited and yet still remains the richest continent in terms of its abundant natural resources and human capital which are the envy of Wall Street and the so-called multinational corporations.

  • Nhema Dzoga Dzoga

    If it’s not true that there are 47 countries in Africa, then it may as well be untrue that Mugabe is worth a paltry 410 million. Before South Sudan, Africa had 53 countries. Ko, dzimwe dzakazoenda kupi????

  • Nhema Dzoga Dzoga

    That was meant to be a $ not 4

  • Azania Missing in Action

    Where is South African President? Surely, these researchers, even though they think Africa has 47 countries, should have remembered one called South Africa.

  • Amon Khorommbi

    Yaa Forbes aaina zwaino ziva yhis is FALSE

    • Hungwe

      Now I also believe that.

  • ABCD
  • Hungwe

    Are the saying Bob is poorer than Chiyangwa, Mpofu, Chiwenga, Sibanda etc?

  • DiplomaT

    Conflict diamonds of DRC……remember that?….the $10mil figure automatically shoots up a hundred fold!

  • Zororo

    Kikikikiki funny indeed, Even Julius Malema is worth more than $10 million.

  • Dzapiringana Chimhini Haipo

    Let us give credit where it is due….Mugabe might have his faults but amassing wealth is not one…

  • John Symons

    It’s all aid money