Estimated net worth: At least $50 million
Source: Investments
Africa’s last absolute monarch is more well known for his relationships with women (he had at least 15 wives at the last count), and for his flamboyant parties. He turned 46 recently, with his birthday coinciding with the Christian Easter holidays. Not willing to share the spotlight with Jesus, King Mswati postponed his birthday celebrations for five days so that a proper national holiday could be held in his honor. American R&B artist Erykah Badu performed for the King during the expensive celebrations, irking thousands of human right activists. Reason:
The poverty rate is escalating – more than 65% of the Swaziland’s population gets by on less than $1.25 a day, while unemployment rates are as high as 40% — but the King remains unaffected. The King is one of Africa’s wealthiest royals. His personal net worth is at least $50 million, based on the annual $50 million salary that he is paid out of government coffers. He also controls Tibiyo TakaNgwane, an investment holding company that owns stakes in sugar refining giants Ubombo Sugar and Royal Swaziland Sugar Corporation (RSSC), dairy company Parmalat Swaziland, spirits manufacturer Swaziland Beverages and hotel chain Swazi Spa Holdings. The company has assets worth over $140 million, but he holds it in trust for the people of Swaziland.
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