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Top 10 Richest Politicians in Morocco 2017

Over the years, most politicians have made a good name for themselves due to their hard working and it has helped increase their total wealth. It does not matter how they attained their status of being rich or wealthy, be it through inheritance or working for it.

Let’s look at the Top 10 Richest Politicians in Morocco 2017

10. Abbas El Fassi –  $ 275 Million

Abbas El Fassi is the Moroccan politician and the former Prime Minister of Morocco and served from September 2007 to November 2011. Previously he also hold several positions including the Minister of Housing, Minister of Social Affairs and Handicrafts, Ambassador to Tunisia, Ambassador to Arab League, Ambassador to France and the Minister of Professional training and Employment.

Abbas-El-Fassi estimated net worth is US 275 million and he is ranked at No. 10 in the list of top 10 richest politician of Morocco.

9. Taieb Fassi Fihri – $ 300 million

Taieb Fassi Fihri is the politician of Morocco and was the Foreign Minister of Morocco from 2007 to 2012 in the cabinet of Prime Minister of Abbas el Fassi.

Taieb also served as the advisor to the Morocco King Mohammed VI on the country foreign affairs. Previously he also served as the Delegate Minister at the foreign affairs between 1999 and 2007.

He is also the brother of the President of the Moroccan FA Ali-Fassi-Fihri and the cousin of the ex-Prime Minister Abbas-el-Fassi. Taieb Fassi Fihri estimated net worth is US $ 300 million and he is ranked at No. 9 in the list of top 10 richest politician of Morocco.

8. Moncef Belkhayat – $ 425 million

Moncef Belkhayat is the Moroccan politician and politically affiliated with the political party of National Rally of Independents. In past he served as the minister of Youth and Sports in the government Abbas El Fassi in 2009.

Before entering in to politics he served as the sales representative of the business group of Proctor & Gamble in Morocco from 1992 to 1995 and he become the regional sales manager for Saudi Arabia for the same company in 1998 and the he become the director of the company for the African and Middle East region.

He also served as the CEO of the Finance.com. Moncef Belkhayat estimated net worth is US $ 425 million and he is ranked at No. 8 in the list of top 10 richest politician of Morocco.

7. Asma Chaabi – $ 500 million

Asma Chaabi is the Moroccan female politician and politically affiliated with the Party of Progress and Socialism. She is the current mayor of the Essaouria since 2003 and become the first women to elect as the mayor of any city of Morocco.

She is the daughter of Moroccan businessman and politician Miloud Chaabi who is the president of Ynna Holdings. Asma Chaabi estimated net worth is US $ 500 million and she is ranked at No. 7 in the list of top 10 richest politician of Morocco.

6. Abdelilah Benkirane – $ 565 million

Abdelilah Benkirane is the Moroccan politician and the Head of the Government since 2011. He is the serving leader from the Justice and Development Party and won the plurality of seats in the parliamentary elections which was held in 2011.

He was the leftist political activist his political actions are totally Islamist and democratic and he is the member of Moroccan parliament since 1997. Abdelilah Benkirane estimated net worth is US $ 565 million and he is ranked at No. 6 in the list of top 10 richest politician of Morocco.

5. Mustafa Ramid – $ 600 million

Mustafa Ramid is the lawyer, human right activist and politician of Morocco and politically affiliated with the Justice and Development Party. He is the current minister of Justice and Liberties in the cabinet of Abdelilah Benkirane since January 2012.

He played an important role as serving as the defense lawyer from the Islamist Hassan al-Kattani to successfully achieved pardon of Kattani and several other Islamists with their promises to rejection of extremism and violence.

Mustafa Ramid estimated net worth is US $ 600 million and he is ranked at No. 5 in the list of top 10 richest politician of Morocco.

4. Moulay Hafid Elalamy – $ 620 million

Moulay Hafid Elalamy is the Moroccan businessman and politician and he is the head and owner of the Saham Group and he is served as the Minister of Trade & Industry and New Technologies. His business group operates in the CNIA Saada which is the leading insurance company of Morocco.

The other operations of his group involved partnership in the call centers with the German media firm Bertelsmann along with the medical clinics. The group has generated US $ 1.1 billion in revenues in 2014.

3. Miloud Chaabi – $ 1.3 billion

Miloud Chaabi is the Moroccan politician and businessman and his net worth is US $ 1.3 billion and he is ranked at third in the list of top 10 richest politician of Morocco.

He is the founder and owner of the Ynna Holdings which deals in operating hotels, real estate development and in supermarkets. He is also the majority shareholder and owner of the SNEP which is the chemical manufacturer in the Morocco.

2. Aziz Akhannouch & Family – $ 1.44 billion

Aziz Akhannouch is the Moroccan businessman and the current Minister of Agriculture of Morocco. He is the majority owner of the “Akwa Group” which is the multibillion dollar Moroccan corporation which has interests in the gas and chemicals, petroleum which is public traded subsidiaries of Maghreb Oxygene and the Afriquia Gas.

He also holds the stakes in the hotels, real estate development and in media. Aziz Akhannouch estimated net worth is US $ 1.44 billion and he is ranked at second in the list of top 10 richest politician of Morocco.

1. King Mohammad VI – $ 5.7 billion

Mohammad VI is the current King of Morocco and he holds the position after the death of his father King Hassan II since 1999.

He is inherited billionaire and receives 35% stakes in the SNI which also has stakes in several others public traded companies including the largest bank of the country Attijariwafa, Managem Group which is the mining company, sugar producer Cosumar, Centrale Danone which is the dairy firm.

The current king net worth is significantly up from the year ago because of the increase of the value of SNI assets and his current estimated net worth is US $ 5.7 billion and he is ranked first in the list of top 10 richest politician of Morocco.

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Updated: September 19, 2017 — 5:52 pm
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