A list of the highest earning presidents in Africa has been released
EKO HOT BLOG reports that the top five highest-paid presidents in Africa earn a combined amount of over US$1.7 million annually.
Paul Biya of Cameroon remains the highest paid president in the continent with over US$620,000 yearly (according to legit.ng).
Buhari is missing from the top five which is dominated by leaders from Morocco, South Africa, kenya and Uganda
African leaders are paid handsomely even though the continent is still developing.
There affluent lifestyles, huge allowances and medical cover also comes with pay package with numerous allowances.
This is why politicians do all they can to occupy the exalted offices in the countries.
Business Insider in a report identified Paul Biya of Cameroon as the best paid.
The report used data from various African countries websites and data from organisations such as the International Monetary Fund and the CIA World Factbook.
Here are the top five highest-paid (monthly) African leaders
Paul Biya of Cameroon – US$620,976
King Mohammed IV of Morocco – US$488,604
Cyril Ramaphosa of South Africa – US$223,500
Uhuru Kenyatta of Kenya – US$192,200
Yoweri Kaguta Museveni of Uganda – US$183,216
What the report said about the Top 3 earners
Paul Biya is a Cameroonian politician serving as the president of Cameroon since 6 November 1982. He is the second-longest-ruling president in Africa, the longest-ruling non-royal leader in the world, and the oldest head of state in Africa.
His Majesty King Mohammed VI is the current king of Morocco. He ascended to the throne on 23 July 1999 upon the death of his father, King Hassan II.
His palace’s daily operating budget is reported by Forbes to be $960,000—which is paid by the Moroccan state as part of a 2.576 billion Dirhams/year budget as of 2014—owing much of it to the expense of personnel, clothes, and car repairs.
Matamela Cyril Ramaphosa is a South African businessman and politician who serves as the fifth president of South Africa since 2018 and president of the African National Congress since 2017.
He is known to be one of the richest people in South Africa, with an estimated net worth of more than $450 million and has appeared in financial magazines such as Forbes Africa and Bloomberg.
Other president in the top 15
- Abdelmadjid Tebboune, Algeria – $168,000
Teodoro Obiang Nguema Mbasogo, Equatorial Guinea -$152,680
Emmerson Mnangagwa, Zimbabwe – $146,590
Denis Sassou, Republic of Congo – $108,400
Alassane Ouattara, Ivory Coast – $100,000
George Weah, Liberia- $90,000
Paul Kagame, Rwanda -$85,000
Nana Akufo-Addo, Ghana – $76,000
Lazarus Chakwera, Malawi – $74,300
Muhammadu Buhari, Nigeria – $69,000
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