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5 most paid African leaders earn over US$1.7m annually, Paul Biya leads with US$620K - Report

Paul Biya Paul Biya of Cameroon

Tue, 9 Aug 2022 Source: www.ghanaweb.com

The top five highest-paid presidents in Africa earn a combined amount of over US$1.7 million annually.

This is according to a Business Insider report that identified Paul Biya of Cameroon as the top earner with over US$620,000 yearly.

King Morocco of Morocco, Cyril Ramaphosa of South Africa, Uhuru Kenyatta of Kenya and Yoweri Museveni of Uganda, completed the top five.

Here are the top five highest-paid African leaders

a. Paul Biya of Cameroon – US$620,976

b. King Mohammed IV of Morocco - US$488,604

c. Cyril Ramaphosa of South Africa - US$223,500

d. Uhuru Kenyatta of Kenya - US$192,200

e. 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.

About the report:

“One thing of concern is that the annual salaries of most leaders are well above the country’s GDP per capita or average wages. This is why many young citizens are curious to discover how much African leaders earn so that they can compare their pay packets with the average salaries and GDPs of other respective countries,” the report read in part.

Data used to determine the salaries were “scoured from country websites and data from organisations such as the International Monetary Fund and the CIA World Factbook,” the report added.

Source: www.ghanaweb.com
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