Africa is the second largest continent in the world. It is also world’s second most populous continent. Ironically, Africa is regarded as the poorest continent. Furthermore, most of Africa’s political leaders and their families are very rich. 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 African presidents according to Africa Cradle investigate journalism and research team.
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.