It is no more hidden that African presidents are ranked the highest-earning despite the countries they preside over is underdeveloped with inflated wage bills. The earnings of a head of states can be compared by viewing them in the perspective or context of a country’s GDP and minimum wage paid to its workers. By doing so, it would probably help to evaluate and regulate the salaries if the country’s economic performance was to be considered vis-a-vis with the president performance to avoid been paid the exorbitant salaries pocketed despite poor performance.
Politics is a very lucrative career where leadership skill is demanded greatly. Some political leaders are powerful only, but also wealthy. African political leaders in this present era make a lot of money most often more than they need in a continent where the majority of her residents live below $2 per day.
Top 10 Highest Paid Presidents in Africa 2019
|Name||Country||Income Per Year|
|1. Paul Biya||Cameroon||$610,000|
|2. King Mohammed VI.||Morocco||$480,000|
|3. Cyril Ramaphosa||South Africa||$305,000|
|4. Abdul Aziz Bouteflika||Algeria||$168,000|
|5. Teodoro Nguema Mbasogo||Equatorial Guinea||$150,000|
|6. Uhuru Kenyatta||Kenya||$132,000|
|7. Hassan Sheikh Mohamoud||Somalia||$120,00|
|8. Azali Assoumani||Comoros||$115,000|
|9. Denis Sassou Nguesso||DR Congo||$110,000|
|10. Hage Geingob||Namibia||$110,000|
It is a known fact that there are rich personalities and figures here in Africa and which the leaders of the different countries on the continent are not left behind. There are quite a good number of presidents earning and receiving a huge amount of money every year. That’s why in this article, we have come up with a list of the top 10 highest paid president in Africa. Note that this list doesn’t portray how rich the African presidents are, rather, it only contains the top ten highest paid President in Africa and their respective yearly income.
Top 10 Highest Paid Presidents in Africa 2019
1. Paul Biya – About $610,000 per year
The president of Cameron Paul Biya is the first on our list of Top ten highest paid presidents in Africa and also one of Africa most respected president. President Paul Biya has been ruling Cameroon since 6th November 1982, making him one of the current long-serving Non-royal head of state in the continent and the world at large. Paul Biya earns an estimate of $610 000 in a year, this does not include fixed premiums, and fees of sovereignty”, and the weekly notes. This put him in the first spot on the list.
2. King Mohammed VI – About $480,000 per year
King Mohammed VI is the second highest paid president in Africa. King Mohammed VI is the president of Morocco, one of Africa’s richest presidents and a businessman is paid about $480,000 yearly.
The Moroccan King Mohammed VI, he took over the position of leadership on the 23rd of July 1999, following the death of his father, King Hassan II. He is the second highest paid president in Africa and also one of the richest presidents in Africa. The King is the Moroccan president meaning he also oversees the governmental affairs of the country.
- 3. Cyril Ramaphosa (About $305,000 yearly)
Third on the list is the President of South Africa MatamelaCyril Ramaphosa, he is the fifth president of South Africa after he took over from the former president Jacob Zuma who was accused of corruption severally. Ramaphosa served as the Vice President of South Africa from 2014 to 2018. He is paid $305 000 from $206,600 after an increase in salary in early 2018 despite his country’s bloated wage bill putting him on the third place in the list of top ten highest paid presidents in Africa.
- 4. Abdul Aziz Bouteflika (President of Algeria)
- Income per Year: About $168,000 yearly
The Algerian President, Abdul Aziz Bouteflika is the fifth highest paid president in Africa on the list. He is the fifth President of Algeria since 1999. He was once the Minister of Foreign Affairs from 1963 to 1976 before he became president. Abdul Aziz Bouteflika has been in power for a long time and he gets paid about $168,000 yearly by the Algerian government putting him in this spot on the list.
- 5. Teodoro Obiang Nguema Mbasogo (President of Equatorial Guinea)
- Income Per Year: About $150,000 yearly
Next, we move to Equatorial Guinea, an average African country whose president is the fifth highest paid in Africa. President Teodoro Nguema is the present president of Equatorial Guinea since 1979. He has been heavily accused of corruption in the media. He is one of the richest presidents in the continent. Teodoro Nguema is paid about $150,000 per year by the Equatorial Guinea government putting in the number fifth spot on the list of top ten highest paid president in Africa.
- 6. Uhuru Kenyatta (President of Kenya)
- Income Per Year: About $132,000 yearly
President Uhuru Kenyatta is one of the popular presidents in the continent and he is the present president of Kenya. He is the fourth Kenyan president and has been in power for some time. From 2002 to 2013, He served as the Member of Parliament for Gatundu South. In 2014 he took a pay cut, an act many say as leadership by example. President Uhuru Kenyatta is the son of one of Kenya’s great president. Earning about $132,000 yearly paid by the Kenyan government, Uhuru Kenyatta is one of top 10 highest paid president in Africa sitting oat the sixth spot on the list. his numerous variable and fixed perks which are called allowances are not included in his salary.
- 7. Hassan Sheikh Mohamoud (Somalia President)
- Income Per Year: About $120,000 yearly
Number seventh on the list is President Hassan Sheikh Mohamoud, the president of Somalia. He is the 9th president of Somalia. The country has been plagued by war and famine. He served previously as the president of Somalia from 1999 to 2002 and again from 2002 to 2006. The president of Somalia earns about $120,000 on a yearly basis putting him in this spot on the list.
- 8. Azali Assoumani (President of Comoros)
- Income Per Year: About $115,000 yearly
Azali Assoumani, 59 years old is the president of one of Africa’s poorest and unpopular countries, Comoros since 2016. Prior to then, he has served the country from 1999 to 2006. The president made it to the list despite the fact that people of the country are not finding it so easy. Azali Assoumani earns about $115,000 every year putting him on the eight spots on the list.
- 9. Denis Sassou Nguesso (President of DR Congo)
- Income Per Year: About $110,000 yearly
Second to the last on the list is President Denis Sassou Nguesso, the president of the Democratic Republic of Congo. He has been president since 2001 after the death of his father, President Laurent-Désiré Kabila. He was elected as President in 2006 and re-elected in 2011 for a second term. Though number tenth on the list, He is one of our top richest presidents in African. Denis Sassou Nguesso is known to earn about $110 000 on a yearly basis putting him on the ninth spot on the list of top ten highest paid president in Africa.
- 10. Hage Geingob, (President of Namibia)
- Income Per Year: $110,000
Last on the list is president Hage Geingob, He is the current president of Namibia who assumed power since 21st March 2015 after Hifikepunye Pohamba who was descended from power in 2015 because Namibia presidency is restricted to only just two terms. He is the third president of Namibia. President Hage earns $110,000 every year after he and other incumbent politicians in the country took a six percent salary increase in 2017 putting on the tenth spot in the list.
Looking at the list above you will wonder why these leaders are paid these much yet little or no result or seemingly results. Well, you have seen the list of the Top Ten Highest Paid Presidents in Africa so you can decide whether these head of states deserve the millions they pocket depending on their country’s economy.
Conclusion On The Top Ten Highest Paid Presidents In Africa
Looking at the list above, you would expect that the leaders should be receiving less than what is seen in this article but seems like the reverse is the case because when the success of some these counties on the list measures to their annual take home… it is no way worth it. There you have the list consisting of the top ten highest paid presidents in Africa. The yearly salary of each of presidents doesn’t make them one of the richest presidents in Africa. The list shows that despite the state of most African countries, the leaders are not ready to deprive themselves of any benefit they can lay hold of. No wonder it is believed that a large chunk of the highest paid presidents in the world is on the continent of Africa.
Those are the top 10 highest paid presidents in Africa, that occupy the list. The yearly salary of each of those presidents doesn’t make them one of the richest presidents on the Continent. Share your thoughts and suggestions with us through the comment box and like us on facebook @ facebook.com/9jaquest
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