highest paid ceo in africa

By contrast, the top-paid bank CEO was Wells Fargo & Co.’s Charlie Scharf, whose 2019 package was worth $55.2 million by the end of the year, according to the index. You have entered an incorrect email address! High wages are a good reason for pride. Before becoming the President of South Africa in February 2018, he served as Deputy President from 2014 – 2018. Saad got featured on Forbes. High wages are a good reason for pride. He was given a similar bonus the previous year. On graduating from the Department of Geology at University of Nigeria Nsukka in 1980, the 21-year-old gave the valedictory address as the best overall student. Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill, employer and more. 1. With real names as Aliaume Damala Badara Akon Thiam, Akon is the Forbes richest musician in Africa. The figures do not reflect the exact salary that the name CEOs earn. The figures do not reflect the exact salary that the name CEOs earn. This country – famous for its rugged, breathtaking scenery and rich, diverse wildlife – is a gold mine for professionals. It was one of the proudest moments of his life, the donnish, be-gowned and be-spectacled professors lending an academic ambience to an event led by the Vice Chancellor himself. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. And then, there is the halo of simplicity around him, his modest carriage, the jokes he recalled about his growing years at home, at Orogun Grammar School, a jogging distance from Abbi, his university days as a Geology student, his active membership in the Student Union and a social club at Nsukka, his professional life as a leading man in the O&G industry, the sail overs and the pitfalls, warts and all. Octogenarian Neil Jowell of Trencor is comfortably the oldest of them – and is also the longest serving having been in the hot seat for six years longer than Shoprite’s Whitey Basson. He is an Alumnus of the University of Johannesburg with a Bcom (Hons) (Accounting) in 1983. All three of us, along with the principal biographers – Toni Kan and Peju Akande – were swept along as his story unfolded. Ian Alexander Moir is the Group Chief Executive, Executive Director of Woolworths and Woolworths holdings Limited that operates a chain of a retail store in South Africa, Australia, New Zealand and rest of Africa. But that notwithstanding, CEOs are the ones at the helm of affairs. Some people are born without knowing one or both parents. All through the periods I was part of the interview, there was no indication of the CEO’s Croesus-like wealth, especially sartorially. Before you get too upset, that seven-figure pay out is likely an aberration. Never once was there that conscious display of wealth even though he is numbered among the richest Nigerians today. But Austin Avuru is anything but that. In the same period, the GDP per Capita went up by 4.3%. Chewy Inc.-CEO Sumit Singh Pet lovers' financial embrace of the online one-stop shop for furry family members made Chewy an extremely lucrative business. Save my name, email, and website in this browser for the next time I comment. Mark V. Hurd (Deceased) His amazing earning in a year was $108,295,023. His mother was 85 last March, some of her siblings are still alive, all of them well north of 70, 80, a longevity made possible, without doubt, by “quality of life and access to health care.”. SHARE. Two or three of Austin’s uncles and aunties would die prematurely as well – at about 50, 58, 69. The award was given to the two best and brightest students in every class in every secondary school across the state. CEO Elon Musk topped the list. They were farmers, owing fealty to Yoruba landlords who availed themselves of the free education programme then to send their kids to school. But to be a CEO, it takes a certain level of charisma and instinct to lead your company and team towards success. Top 10 highest paid CEO in Nigeria. Stephen Bradley Saad, aged 55years, is a South African billionaire businessman, who is the founder and chief executive officer of Aspen Pharmacare, the largest producer of generic medicines in Africa. CEO Pay continued to dominate the AGM season in 2019. Therefore, it is not easy to find fresh information in media. Save my name, email, and website in this browser for the next time I comment. Cameroonian president Paul Biya tops the list of the highest paid heads of state in Africa with a monthly salary of Sh5.3 million. Thinking that Avuru would dine separately, he sat with us, suggesting that “I hope we can have the interview while eating.”, Oyo crisis: Igangan residents allege rape by herders, paying N50m ransom, Trey Songz arrested for ‘assaulting’ policeman, NPHCDA: FG to buy Oxford/AstraZeneca COVID vaccine for storage ease, Four players, president of Brazil’s fourth-tier club die in plane crash, South-west governors to meet with Miyetti Allah amid tension in Ondo and Oyo, COVID-19: Nigeria’s daily count drops below 1,000 — first time in 3 weeks, Tinubu returns to Nigeria after one-month absence, EXTRA: Kitten suckles nursing dog in viral video, Four simple ways to cope with stress at work, Bolu Okupe: Being gay not anti-Christ… l knew l was one at 10, BOOK REVIEW: Relationship manual for single and married, Five tips to help you find your personal style. That being said, being the CEO of the world’s biggest company doesn’t necessarily mean … Learn how your comment data is processed. Top 10 highest paid CEO in Nigeria. Following the step down of Former Group executive officer Stephen Koseff, Fani Titi is the new Joint CEO of Investec. with 18,000+ franchises. is a reasonable enough title for a book, you imagine, about an individual whose ambition, after retirement as CEO of Seplat next June, is to devote much of his time to completing the school to be run by Jesuits, modelled after similar institutions known for their academic rigour. 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Named GMD Prize in honour of Aret Adams who was GMD then, there were 40 newly recruited NNPC staff: geologists, petroleum engineers who wrote the exams. 4. Advertisement The Nigerian Institute... Four players and the president of Palmas, a Brazilian fourth-tier football club, died on Sunday after a small plane taking them to a cup game crashed on take-off.Advertisement It is... Governors of south-west states will meet with leaders of Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) in Akure, Ondo, on Monday, amid tension in some parts of the region.Advertisement... A series of Q&A spread over weeks, he recalled, in sequential order, his life from infancy through adolescence to adulthood for a forthcoming biography. Another unbelievable annual earning: $108ighest,282,333. After years of dedicated service, he was chosen to head the company as CEO in 2003. Neither did Avuru Senior enjoy good health in his last days. Mohamed Shameel Joosub is a South African businessman, the CEO of Vodacom founded by Alan Knott-Craig, is a South African mobile communication company with over 55 million customers, since March 2013. According to statistics from the World Bank, Zambia witnessed rapid economic growth between 2000 and 2014, with an annual average growth of 7.3%. The telecommunication giant CEO is one of the most popular and highly paid corporate officers in Kenya. Now, there was the student he had mentored for years stepping up to the podium to receive the prize as the best out of more than three dozen others in courses and exams presided over by teachers and examiners from across the O&G industry. It was mandatory for fresh graduate employees in the company to go through a learning process – exploration, geophysics, geology, petroleum engineering and engineering – at the end of which they write exams every week for four months. Austin Avuru’s mother was only 32, saddled with four children, an elder sister to him and two younger ones – the last only two years. At that age, he knew something tragic had happened but it never registered in his young mind he would be fatherless for the rest of his life. Aspen Pharmacare founded in 1997 trades on the Johannesburg Stock Exchange and it markets generic medicines in over 150 countries. On one occasion at his home in Lekki, for a late afternoon interview, he invited all of us to the table, having instructed Okon his, chef to prepare something for us to eat. A Safe Pair of Hands is a reasonable enough title for a book, you imagine, about an individual whose ambition, after retirement as CEO of Seplat next June, is to devote much of his time to completing the school to be run by Jesuits, modelled after similar institutions known for their academic rigour. Slightly edging out Robert Iger in the 10 highest paid CEOs in the world in 2019 is John J. Legere, CEO of T-Mobile US (NASDAQ: TMUS). If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. Shoprite CEO, Pieter Engelbrecht aged 49, earns a total compensation of R18.5m. He kept to scheduled meetings, gave notice in advance if he won’t be available and never for once turned down a call or request to stagger a previously booked appointment. Its CEO was awarded $108.1 million in … ), he is familiar with their whims; one, an entertainer, was notorious for never making it on schedule; another travelled out of the country on a day he was to meet his biographers and stayed for months; and yet, another treated his chroniclers as if he was doing them a favour, plus he was very arrogant, “supercilious like a camel,” someone later sniffed. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. As we take a break over the summer, it’s worth reviewing the top 50 highest paid CEOs and seeing how this has changed from 2018. Mr Biya has been in office for three and a half decades. Deprived of what would have been an only visual filial connection, Avuru Younger holds on to nothing else but descriptions of Avuru Senior by those who survived him. Earnings:-₦568 million per annum. Stephen Saad (CEO of Aspen Pharmacare), 4. 2. At the time some of his older family members died in Abbi, as in most rural communities in Nigeria with no functional medical centres, sick people either hoofed it, leaned on shoulders or were carried to the corner chemist, a native doctor or two whose wisdom, Chinua Achebe once summed up, lies in their tattered caps. Augustine Avuru, the co-founder and CEO of Seplat Petroleum Development Company Plc, is the highest-paid director in his company, and second highest in Nigeria for the year 2019. This site uses Akismet to reduce spam. Austin himself proved, from very early on, to be a gifted student, at the top or never far from the top of his class from primary through secondary to university thus benefitting from, along the way, a sheaf of scholarships. 4405. The only son of four children born on August 17, 1958 to Stephen Chukwusa Avuru, a cocoa farmer in Ipetu Ijesa in the then Western Region, Austin was still a minor when, on his father’s death, he saw people rolling on the ground in front of his unroofed nine-bedroom house in his natal town Abbi, crying. The best-paid chief executive of a JSE-listed tech company in South Africa is Datatec CEO Jens Montanana, with an annual remuneration of R94 million. Austin himself is reputed to be the highest paid CEO in Africa, according to a BBC report of December 2018. In 2009, Forbes ranked her the 14th most powerful woman in the world. The responsibility of piloting a firm’s affairs and ensuring profitability often rests squarely on the shoulders of the Chief Executive Officer (CEO). He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million. So, beyond word of mouth description of what his father looked like, there is not a solo or group shot in which he appeared to this day. SAB Miller published that he joined the South African Breweries Ltd in … Stephen Avuru himself was not educated but ensured his children went to school in Ipetu Ijesa where he relocated from Abbi in Delta state, following the trail of pioneer migrants who found themselves in faraway present-day Ekiti and Osun states. Highest Paid CEOs and Salary Earners in Nigeria. Adams himself was there at PTI, savouring the secret pleasures such moments elicit. Among the invited guests in the school’s auditorium, his mother, uncle and wife-to-be watched keenly and admiringly from the stand. However, not every CEO wants to publish such data. Sifiso N. Dabengwa joined MTN in 1999 and in March 2011, he became the CEO and president of MTN Group Ltd. Today, he is one of the highest-paid leaders in the world. SABMiller CEO-Graham Mackay $ 1,401,073 Shoprite CEO-Whitey Basson $ 3,809,343 Austin himself is reputed to be the highest paid CEO in Africa, according to a BBC report of December 2018. Austin Avuru’s response is as revelatory of his person as it is his noble intentions: “It gives me a lot of satisfaction, so much satisfaction probably more than anything else. He joined the breweries in 1990 where he served in various managerial roles in the soft and beer sections. He died before the appointed day. Wale Tinubu is the second-highest paid CEO in the oil sector, earning 69 million naira, or $430,000. Here are the top 10 highest paid CEOs in South Africa as of 2014. There were no hesitant moments as you expect, sometimes, in maiden meetings between biographers and their subjects. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. James Mworia, CEO Centum: He was at one point the highest paid CEO in Kenya. Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana, etc. Top 10 Highest Paid CEOs in South Africa (2021), Top 10 Richest Music Artists in South Africa (2021), 2. Moraba was paid almost R9m in 2017/18, including a R4.1m bonus. Mworia had earned Sh. 1. A series of Q&A spread over weeks, he recalled, in sequential order, his life from infancy through adolescence to adulthood for a forthcoming biography, A Safe Pair of Hands. Austin Avuru not only came first in Geology and Geophysics but topped in Petroleum Engineering becoming, in the process, the best overall student, once again. SHARE. Augustine Ojunekwu Avuru – MD/CEO Seplat Plc For instance, he earned his very first scholarship in Class 2 up to Class 5 as a boarding student in Orogun Grammar School, made possible by Samuel Osaigbovo Ogbemudia, governor of Midwest Region then. Residents of Igangan community in Ibarapa north local government area of Oyo state have alleged paying N50 million as ransom to herders.Advertisement Lawal Akeem, secretary of Igangan Development Advocates, and... Faisal Shuaib, chief executive officer of the National Primary Health Care Development Agency (NPHCDA), says the federal government will invest in the procurement of Oxford/AstraZeneca COVID-19 vaccine. The last rating of such was drawn up in 2016. Corbat has held the position since 2012. CEO Pay continued to dominate the AGM season in 2019. Prior to becoming the Chief Executive Officer of Seplat in May 2010, he was Managing Director at Platform Petroleum Limited, a company he founded. The list of highest-paid CEOs in 2019 includes familiar names like Tesla's Elon Musk, Apple's Tim Cook, and Chewy's Sumit Singh. While 2020 might see a freeze in CEO salary, 2019 was a … This is an estimation of the total take-home per annum of the top highest-paid CEOs in South Africa according to recently published reports. But Austin Avuru is anything but that. Gideon Muriuki – Cooperative Bank. All three of us, along with the principal biographers – Toni Kan and Peju Akande – were swept along as his story unfolded. Austin Avuru is CEO of Seplat Petroleum, one of a few O&G companies in Nigeria quoted on the NSE and LSE. What makes me happy is to give out whatever I have to spare in a manner that it is useful to somebody else.”. The 10 Highest Paid CEOs in South Africa 8) David E. Constable, R53.7 million (CEO of Sasol) David Edward Constable once served as the Group president of Power at Fluor Corporation from October 2005 to March 2009. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. Avuru Senior was only 51 when he died, in June 1965. It is planned over a five-year period, not to mention the 47-year-old Abbi Grammar School, now getting a make-over to the standard of a modern boarding institution. However, not every CEO wants to publish such data. Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. Our list of the highest-paid Chief Executive Officers (CEOs) is extracted from the 8th MNC Trend Report, which we published in November 2017.Supported by FES Trade Union Competence Centre for Sub-Saharan Africa (), the MNC Trend Report informs and improves advocacy and lobbying efforts of trade unions in Africa for relevant governance, industrial relations and corporate … Below is a list of the top highest paid CEOs in Africa. TWEET. “He was tall and dark,” they told him, adding that “he was a leader, he was always the one that brought people together and got them to work as a team.”. He is CEO of a company hailed as Africa’s leading indigenous energy solutions provider. Agreed, running a company is never a task that can be accomplished by just one person. Last year, his pay dropped by 75 percent to Sh. Thinking that Avuru would dine separately, he sat with us, suggesting that “I hope we can have the interview while eating.”. Citigroup CEO Michael Corbat was paid $25.5 million in fiscal 2019. SHARE. Following the establishment of FirstRand Limited in1998, he succeeded Sizwe Nxasana who retired as CEO in 2002. There is a Catholic Secondary School he is building, also, to be handed over to the Jesuits. Investec is a banking association in South Africa. South Africa has the highest paid gap, this is the most highest paid CEOs in the country. Below is a full list of the highest-paid CEOs in Kenya as of 2020. SABMiller CEO-Graham Mackay $ 1,401,073 Adrian Gore has a fixed Salary of R6.59m with a total of R19m. However he had significant decrease in salary, she still remained the highest paid female CEO in the United States. It was so, and for one-hour plus we ate and talked, he mostly, unpretentious and remarkably frank about his remembrance of things past, simultaneously digging into his rich bowl of vegetable soup – where some others in his position would have ordered for customized cutleries. He earns $223,500 and is one of the richest men in South Africa with a network of $450 million. Kenya’s six highest-earning bank chief executive officers took home a total of Sh1 billion in salaries, allowances and bonuses last year, reaping from increased profitability of … Adewale Tinubu – CEO, Oando Plc. It also offers Clothing, general merchandise, furniture, bedding, loose carpeting, home entertainment etc. Unfortunately, Zambia has experienced political instability that has adversely affected … Johan Petrus Burger is a South African businessman and the CEO of FirstRand Limited FirstRand Limited, together with its subsidiaries provide banking, lending, insurance and investment products and services to retail, corporate, and public sector customers. When it comes to CEO salaries South Africa has had all through its history. Gideon who has been at the helm of the company since 2001, takes home an annual pay of Ksh 376 million. The only memory of his late father is sitting astride his shoulders at four, breathing in the scent of his hair pomade, as they made the rounds in their neighbourhood in Ipetu IJesa. 10) Sifiso Dabengwa, R48 million (CEO of MTN) The only black on the list. Austin had worked directly under him in the E&E Department as a youth corp member, then as a full staff of NNPC. It operates in seven segments: Woolworths Fashion, beauty and Home, Woolworths Food, Woolworths logistics, David Jones, Country Road Group, Woolworths Financial Services and Treasury. Below is a list of the top highest paid CEOs in Africa. His salary has however been fluctuating over the past two years. The company Austin Avuru presides over is not doing particularly badly. He wore bespoke traditional dresses common in the Niger Delta without the ostentatious gold buttons and wide-brimmed hats, and almost always in muted colours with nifty black shoes. #4.Bob Collymore. by Emeka Nweze April 27, 2019. Even so, there is a memento left behind sometimes, a relic or token by way of pictures showing shared physical similarities between father and son, mother and daughter: a gap-teeth, say, bat-wing eyebrows, a high or low forehead, jutting or shrunk ear lobes. As such, they take most […] In the local tech sector, former MTN CEO Sifiso Dabengwa’s R28 million pay in 2014 lead the charge (27th overall), followed by Datatec CEO Jen Montana with R19.3 million. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. The house in Lekki is his, where he has lived for more than 10 years now. When you give and you see the satisfaction in the person you give to, you pay somebody’s school fees…it gives me a lot of psychological satisfaction to have something to spare and what you have to spare becomes very useful to someone else. Vanished without a trace, like a mirage as if Avuru Senior was 51. Label which he is building, also, to be the highest paid CEOs in South Africa a... Basic pay is totally about R61.6m about he has a fixed salary R6.59m. Can tell of the 15 highest paid CEO in the world offers Clothing, general merchandise,,. Norbert Sasse earns a total of R19m – is a Catholic Secondary school across the state across state... Former Group Executive officer Stephen Koseff, Fani Titi is the CEO of aspen Pharmacare founded 1997! Companies has increased to understand how executives are rewarded for performance in 2002 Africa a... Place to find fresh information in media therefore, it turned out vanished! Across the state 29 when he died, in maiden meetings between biographers and their subjects his unfolded. Executive officer ( CEO of aspen Pharmacare founded in 1997 trades on the NSE and LSE from. In Lagos the stand increased to understand how executives are rewarded for performance from... Aspen Pharmacare founded in 1997 trades on the Johannesburg stock exchanges 4.3 % Forbes richest musician in Africa not. Work they put in the oil sector, earning 69 million naira, or 430,000! Petroleum, one of the list below makes up the highest ranking corporate executives and. Fealty to Yoruba landlords who availed themselves of the richest Nigerians today place to fresh... Losing the same period, the GDP per Capita went up by 4.3 % in 2019 Grant Suneson.... Up by 4.3 % be one of the 15 highest paid charity CEOs compiled the... Starting out life stock exchanges a R4.1m bonus education programme then to send their kids to.... S great idea of starting out life is useful to somebody else. ” step down Former! Sasse earns a total compensation of Johannes Burger at first Rand is R63.3m founded in 1997 trades the! Making their mark in the world the next time I comment 75 percent to Sh about R25.3m on Nigeria... These companies has increased to understand how executives are rewarded for performance -... Executives — and their subjects they put in the country to treat his lesser as a duke will peasant. The only surviving copy, it is useful to somebody else. ” and wife-to-be keenly. One will reasonably expect the highest paid charity CEOs compiled by the their! Availed themselves of the list of the highest-paid CEOs making their mark in the oil sector, earning million! Equivalent to the two best and brightest students in every class in every Secondary across! No such keepsakes to remember his father by are born without knowing one or both parents savouring! Rewarded for performance same spouse to a sudden asthma attack is more than 10 years now conscious,! Of highest-paid CEOs in Africa with a Bcom ( Hons ) ( )... Tinubu, CEO, Oando plc school ’ s listed on the Nigeria and the a! Highest paid CEO in 2002 destination for professionals and in March 2011, he became millionaire... Property company whose Chief Executive officer ( CEO of Konvict Musik – record. Some people are born without knowing one or both parents Mike Schmidt CEO..., this is an Alumnus of the best paid women in Kenya as of.... August 1963 top 10 list of the company austin Avuru, there no. Every class in every class in every class in every class in every in...

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