Top 10 Highest Paid President In Africa 2023

Because being president is a very important job, it should naturally come with a salary that is in line with its importance. As a result, the highest-paid presidents in Africa receive very high salaries; so that they can concentrate on the task of nation building that they are tasked with.

Strangely, many Africans want to know how much money their presidents make. This is because these figures have been kept secret for a long time; safeguarded as state secrets

However, because accountability is necessary for progress; It is imperative that these figures be made available in order to lessen the likelihood of corruption and the tensions that can arise when a leader is believed to have criminally enriched himself.

Who are the most generously compensated presidents in Africa? All over the world, politics is a very profitable business, but perhaps nowhere else is this more apparent than in Africa. Africa's political elites are among the world's highest-paid public servants. There are some African states that spend so much money maintaining the extravagant lifestyles of their highest-ranking officials that the people there have very little left over to live on.

Details It is a well-known fact that Africa is home to notable personalities and figures, and that the continent's leaders do not fall behind. There are a lot of presidents who make a lot of money and get a lot of money every year. Keep in mind that the top ten highest-paid African presidents and their respective annual incomes are all included on this list, which does not show how wealthy the presidents of Africa are.

Top 10 Highest Paid Presidents in Africa

• Paul Biya
• King Mohammed VI
• Cyril Ramaphosa
• Uhuru Kenyatta
• Yoweri Museveni
• Abdelmadjid Tebboune
• Teodoro Nguema Mbasogo
• Emmerson Mnangagwa
• Azali Assoumani
• Hage Geingob

1. Paul Biya

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Paul Biya, president of Cameron, is the first African president on our list with a salary of approximately $610,000 per year.

Since 1982, Paul Biya has led Cameroon as its president. He is perhaps of the most influential man in Africa; Moreover, he is the continent's oldest head of state at 88. Each year, Paul Biya receives $620,976 in salary. That is significantly more than what Vice President Joe Biden earns annually, making it the highest salary of any African leader.

One of the longest-serving non-royal heads of state on the continent and in the world is President Paul Biya, who has led Cameroon since November 6, 1982. Paul Biya is estimated to earn $620,976 per year, which does not include the weekly notes, fees of sovereignty, or fixed premiums. He rose to the top of the list as a result of this.

2. King Mohammed VI

King Mohammed VI of Morocco earns approximately $480,000 annually, making him the second-highest-earning leader in Africa and without a doubt one of the most powerful.

He succeeded his father, King Hassan II, to the throne on July 23, 1999. Because Morocco is a monarchy by blood, he succeeded to the throne after his father passed away. He is additionally going to sit on that privileged position til' the very end, which will make him the longest-serving pioneer in Africa.

The palace of King Mohammed VI has an operating budget of $960,000 per day. Consistently the state pays 2.576 billion Dirhams to the castle; this covers staff pay rates, garments, vehicles, as well as support of hardware.

3. Cyril Ramaphosa

Cyril Ramaphosa is the Leader of South Africa. He is likewise a money manager and for a period he was a work chief. Cyril Ramaphosa's wealth, which is estimated to be $500 million, is not tied to his position as president. He is one of the most powerful people on the continent and one of the wealthiest people in South Africa.

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He is an insightful lawmaker and money manager; Cyril Ramaphosa is good at making money.

4. President Uhuru Kenyatta

Kenya's President Uhuru Kenyatta receives approximately $192,000 annually. It is interesting to note that his father, Jomo Kenyatta, was the nation's first president. Uhuru Kenyatta is one of Africa's highest-paid presidents, making $192,200 per year. His family is the richest in the nation, with an estimated net worth of $2.5 billion.

Uhuru Kenyatta has about $500 million in personal wealth; making him one of the country's wealthiest individuals. Uhuru Kenyatta has already proven himself to be an intelligent investor and businessman, and there is still time for him to demonstrate his political prowess by implementing some reforms that will last for a long time.

5. Yoweri Museveni

The Ugandan president is Gen. Yoweri Kaguta Museveni; which he has held ever since 1986. He ranks among the highest-earning presidents in Africa with a salary of $183,216 per year. He has amassed a fortune estimated at approximately $13 billion, making him one of the continent's wealthiest individuals, in addition to the additional payments due to him as Uganda's leader for approximately 35 years.

Yoweri Museveni was a military officer who rose up against Obote and Idi Amin and was in charge of them. He contributed to the country's return to normalcy after Idi Amin nearly destroyed it. Yoweri Museveni has been successful in stabilizing the nation and reestablishing the economy despite the fact that Western powers no longer court him.

He has made Uganda accessible to investors worldwide and opened it up to business. Yoweri Museveni's tenure as president is one of the longest of any non-royal leader.

6. Abdelmadjid Tebboune

Abdelmadjid Tebboune has been the president of Algeria since 2019. He currently receives $168,000 annually as the nation's president; and has also served in sensitive government positions like Prime Minister, Minister of Housing, and Minister of Defense. Abdelmadjid Tebboune is Algeria's most powerful man and one of the continent's most powerful people.

He has implemented extensive reforms throughout the country with the intention of making Algeria one of the world's largest economies. Abdelmadjid Tebboune has brought together the nation and set it up on the correct way.

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His annual salary of $168,000 is quite low for Algeria, which by African standards is considered to be quite wealthy.

7. Teodoro Obiang Nguema Mbasogo

Since August 1979, President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea receives approximately $152,680 annually. He acquires $152,680 each year as leader of the country; making him perhaps of the most generously compensated president in Africa. The economy of Equatorial Guinea is strong; Petroleum is the country's main export, but it also exports a lot of other things in varying amounts.

The country has a GDP of $7,143 per person; which is quite high for an African president, and other presidents earn significantly more than Teodoro Obiang Nguema Mbasogo does. Furthermore, he had the option of increasing his compensation after more than 30 years in office.

The quality of life in Equatorial Guinea is quite high; This is thought to be one of the wealthiest countries in Africa. You can also read on most corrupt politician in the world

8. Emmerson Mnangagwa

Since November 24, 2017, Emmerson Mnangagwa has been president of Zimbabwe. As president, he takes home $146,590 per year; making him one of the top-procuring African pioneers. He oversees a small nation with a GDP per capita of $1,128 and a population of approximately 14 million. The economy of the nation is diverse and has a lot of room for expansion.

9. President Azali Assoumani

Since 2016, Azali Assoumani, 59, has been president of Comoros, one of Africa's poorest and least popular nations, earning approximately $115,000 per year. Preceding then, at that point, he has served the country from 1999 to 2006. Despite the difficulties faced by the nation's citizens, the president was able to make the list. Azali Assoumani occupies the eighth spot on the list with an annual salary of approximately $115,000 dollars.

10. Hage Geingob

Since 1997, Denis Sassou has been president of Congo. As president he procures $108,400 every year, making him a major worker, all things considered. He was a military leader in the country's army prior to becoming president. He was likewise president from 1979 to 1992. Despite the lack of a precise estimate of his net worth, it is believed that he is one of the wealthiest African leaders.

Despite having a GDP per capita of $1,972, the Republic of Congo has a lot of room for expansion.

Conclusion

The richest African nations are not always governed by the highest-paid presidents. However, given the continent's notable economic expansion, it may be argued that leaders' high salaries have enabled them to concentrate on building their countries rather than being distracted by corrupt influences.

Despite their annual salaries, none of these presidents rank among the wealthiest on the continent.