Opinions & Features November 21, 2019 at 03:00 pm

Meet Africa’s top five richest leaders as World Bank warns the continent could be home to 90% of the world’s poor by 2030

Mohammed Awal November 21, 2019 at 03:00 pm

November 21, 2019 at 03:00 pm | Opinions & Features

Image result for Mohammed VI
Photo source: moroccoworldnews

Mohammed VI ($5.8 billion)

Mohammed VI, the king of Morocco, is said to be worth $5.8 billion. Born on August 21, 1964, he was number five in the Forbes List of the top richest in Africa in 2015.

Mohammed made his wealth from an inheritance from his father King Hassan. He also owns 5% of shares in Societe Nationale d’Investissement (SNI) a holding company that has stakes in Atijariwafa, Management Group, and Centrale Danone.

With a population of 35.2 million in 2018, Morocco continues to face the challenges of poverty and according to a World Bank report, 24% of the population, equating to nine million Moroccans, can be “considered poor or at risk of poverty.”

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