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 54 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.
Below are The 10 Richest African Presidents and Kings as of 2014, according to Richestlifestyle:
10: JACOB ZUMA
Jacob Zuma tops annual list of highest-paid politicians
In 2012 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (February 18) that Zuma is the highest-paid politician in the world, pulling in an astonishing $75 million between January 2014 and January 2015, a nearly $40 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The South African politician has an estimated net worth of $215 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Zuma Burger” chain) in Pretoria, a Football Team (the “Nkandla Angels”), has launched his own brand of Vodka (Pure Wonderzuma – South Africa), and is tackling the juniors market with a top-selling perfume (With Love from Jacob) and a fashion line called “Jacob Zuma Seduction”.
The ranking is significant for many Jacob fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.