Thursday, October 9, 2014

Nigeria, 6th Africa's richest presidents

Nigeria, 6th Africa's richest presidents

The post by richestlifestyle has stirred some debate and controversies within Africa. The recent publication named the top 8 richest African presidents and kings as of 2014.

According to richestlifestyle '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 47 African nations led by leaders who have been ruling for over a decade. 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.'

1) Jose Eduardo dos Santos – Net Worth: $20 Billion
Country: Angola, Years in Power: 34

2) Mohammed VI of Morocco – Net Worth: $2.5 Billion
Country: Morocco, Years in Power: 15

3) Teodoro Obiang Nguema Mbasogo – $600 Million
Country: Equatorial Guinea, Years in Power: 34

4) Uhuru Kenyatta – Net Worth: $500 Million
Country: Kenya, Years in Power: 1

5) Paul Biya – Net Worth: $200 Million
Country: Cameroon, Years in Power: 31

6) Goodluck Jonathan – Net Worth: $100 Million
Country: Nigeria, Years in Power: 4

These were the basis by which their net worth was calculated.

Many countries has disputed the claims. The Nigerian government has condemned the listing of President Goodluck Jonathan as the sixth richest African president. Reuben Abati, spokesperson for the Nigerian leader, described Jonathan's inclusion in the list of richest African presidents as baseless and libelous.

"We categorically assert that there is no factual basis for ranking Jonathan as the sixth richest African Head of State with a net worth of about 100 million U.S. dollars," .

"As is well known, Jonathan has never been a businessman or entrepreneur, but a life-long public servant," he said.

The numbers don't match and I do not trust richestlifestyle basis for computation and analysis. The article has been updated multiple times and names have been withdrawn from the initial list. 


Post a Comment