King Mohammed VI of Morocco is the richest monarch on the continent, with a personal fortune estimated at more than 2 billion dollars (1,645 billion FCFA), making him the richest king in Africa. But, according to Business Insider Africa, the Cherifian monarch is the second highest paid head of state in Africa in 2021. He is far ahead of Algerian President Abdelmadjid Tebboune.
At the head of Cameroon since November 6, 1982, Paul Biya, 88, is the oldest elected leader in the world. But the « Sphinx » is also the best paid head of state in Africa according to Business Insider Africa 2021. He reportedly earns a monthly salary of about US$620,976. In the ranking, the head of state is followed by King Mohammed VI of Morocco, who is paid more than $400,000 per month, and South African President Cyril Ramaphosa follows, with more than $220,000.
With a monthly salary of $488,604, King Mohammed VI is far ahead of Algerian President Abdelmadjid Tebboune, who is in 6th place with $168,000, behind Uhuru Kenyatta (Kenya, $192,200) and Yoweri Museveni (Uganda, $183,216). The rest of the top 15 includes Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo (7th, $152,680), Zimbabwe’s President Emmerson Mnangagwa (8th, $146,590) and Congo’s President Denis Sassou N’Guesso (9th, $108,400).
Ivorian President Alassane Ouattara, who is the 10th highest paid head of state in Africa in Business Insider Africa 2021, with a salary of $100,000, is the top West African, ahead of Liberia’s George Weah (11th, $90,000).
Rwanda’s President Paul Kagame is 12th with $85,000, ahead of Ghana’s Nana Akufo-Addo (13th, $76,000), Malawi’s Lazare Chakwera (14th, $74,300). Nigeria’s Muhammadu Buhari ($69,000) closes the top 15.
Top 15 highest paid heads of state in Africa
Paul Biya (Cameroon) USD 620,976 King Mohammed (Morocco) $488,604 Cyril Ramaphosa (South Africa) $223,500 Uhuru Kenyatta (Kenya) $192,200 Yoweri Museveni (Uganda) $183,216 Abdelmadjid Tebboune (Algeria) $168,000 Teodoro Obiang Nguema Mbasogo (Equatorial Guinea) $152,680 Emmerson Mnangagwa (Zimbabwe) $146,590 Denis Sassou (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 Lazare Chakwera (Malawi) $74,300 Muhammadu Buhari (Nigeria) $69,000