It is well-known that Africa is a continent with a high potential and extremely rich natural resources. Can you imagine how rich African countries’ leaders are?
The Africa Review notes that only a few countries make public what they pay their leaders and in many African countries, the first thing leaders do when they come into power is to increase their pay.
“In Egypt, for instance, the president’s pay shot up from a paltry $280 per month, put in place by the austere Mohammed Morsy administration, to $5,900 per month just before General Abdel Fattah al-Sisi predictably won an election,” it states.
The source says that some leaders take a disproportionate share of the national income for their personal use.
“In Morocco, the Treasury spends, by one account, $1 million a day for King Mohammed VI’s 12 royal palaces and 30 private residences. That is on top of $7.7 million spent on an entourage of royal automobiles, and a monthly salary of $40,000 paid to the monarch,” the estimates show.
According to the analysis some presidents have deceptively small salaries but have, personally or through family members, massive control over their countries’ resources.
The source says: “For example, President Eduardo dos Santos has a modest monthly salary of $5,000 but is widely believed to control a lot of the wealth produced from Angola’s oil-industry, and his family members own some of the biggest enterprises in the country.”
Here are the 10 Highest Paid African Presidents according to Africa Review:
However, it should be noted that salaries do not tell the whole story and some of the presidents believed to have the highest personal wealth, do not even feature in the top 10.
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