TheInfoNG - Your Tablet for Entertainment, News, Gossips & Trends..

Top 10 highest paid African Presidents – See the amount Buhari takes home annually (With Pics)

Teodoro Mbasogo ( President of Equatorial Guinea) – $150,000

Who is Africa's highest paid President? - See List of Top 10Teodoro Obiang Nguema Mbasogo is the President of Equatorial Guinea. He came to power in August 1979 by ousting his uncle Francisco Macias Nguema in a military coup. He has overseen the emergence of the nation as an important oil producer, beginning in 1990s. This President and his family literally own the economy, his personal fortune is estimated at $600 million, according to Forbes Magazine (back in 2006). In October 2011, the United States government seized $70 million assets of his son, Teodoro Nguema Obiang Mangue. Though Equatorial Guinea is Africa’s second richest nation, majority of the population actually live under the poverty line.

RELATED STORIES

TRENDING

1 of 9

LATEST UPDATES

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More