9 RICHEST AFRICAN PRESIDENTS/KINGS

4) Uhuru Kenyatta (KENYA) – 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 Statesgovernment 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: $2.1 Billion

Country: Morocco, Years in Power: 15

King Mohammed VI of Morocco celebrated his 15th year on the throne in July 2014. From his father, the late King Hassan II, he inherited an estimated 40% stake in Societe Nationale d’Investissement (SNI), a large, formerly state-owned Moroccan investment company that has controlling stakes in the country’s largest bank, Attijariwafa, mining company Managem Group, sugar producer Cosumar, dairy firm Centrale Laitiere and other assets. Several of the companies are publicly traded.

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