Save my name, email, and website in this browser for the next time I comment. Last year, his pay dropped by 75 percent to Sh. What makes me happy is to give out whatever I have to spare in a manner that it is useful to somebody else.”. Mworia had earned Sh. Alan Clark is the most paid CEO in South Africa as he pockets R122 million! 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It didn’t take long to know the cause of their early demise, which he summed up at the very first encounter: “It’s not by chance that the average life expectancy then had to do with two things: quality of life and access to health care.”, Four times governor of New York, vice president for two years under Gerald Ford and presidential wannabe, Nelson D Rockefeller, put it bleaker when he said: “If you don’t have good education and good health, then I feel society has let you down.”. He died before the appointed day. Austin himself is reputed to be the highest paid CEO in Africa, according to a BBC report of December 2018. 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 … When it comes to CEO salaries South Africa has had all through its history. 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. However he had significant decrease in salary, she still remained the highest paid female CEO in the United States. 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. 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. Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. SAB Miller published that he joined the South African Breweries Ltd in … The CEO of SAB tops the list with R122 million as his earnings. 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. Mr Biya has been in office for three and a half decades. Jane must be one of the best paid women in Kenya's corporate sector. After years of dedicated service, he was chosen to head the company as CEO in 2003. James Mworia, CEO Centum: He was at one point the highest paid CEO in Kenya. Neither did Avuru Senior enjoy good health in his last days. by Emeka Nweze April 27, 2019. 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. For Austin Avuru, there were no such keepsakes to remember his father by. Prior to becoming the Chief Executive Officer of Seplat in May 2010, he was Managing Director at Platform Petroleum Limited, a company he founded. 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 cordon bleu chef to prepare something for us to eat. Date of Birth: 21st of August 1963 South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. Visit PayScale to research chief executive officer (ceo) salaries by city, experience, skill, employer and more. Learn how your comment data is processed. He is an African-American singer, songwriter, producer, entrepreneur, philanthropist and actor who is known all over Africa and the world in general. Saad got featured on Forbes. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. He took ill in Abbi during a brief visit from Ipetu Ijesa, (wife and four children in tow) and was taken to Baptist Hospital, Eku, for treatment, the only such modern medical facility within a respectable radius of his own town. Zambia is an attractive destination for professionals looking for a place to find well-paying jobs. Sifiso N. Dabengwa joined MTN in 1999 and in March 2011, he became the CEO and president of MTN Group Ltd. 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 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. They were farmers, owing fealty to Yoruba landlords who availed themselves of the free education programme then to send their kids to school. Investment holding company Remgro CEO, JJ Durand gets a fixed salary of about R13m. Austin was already in primary school, with his elder sister, Florence, who was 13 by the time their father died. Across the 350 largest companies in the United States, the average CEO made $14.5 million in … 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. Agreed, running a company is never a task that can be accomplished by just one person. Safra A. Catz is the only woman on our list, she is the CEO of Oracle (NYSE: ORCL). 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. CEO Pay continued to dominate the AGM season in 2019. 50 Highest Paid CEOs in 2019 Grant Suneson 5/15/2020. But Austin Avuru is anything but that. 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. As such, they take most […] 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. 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. He was given a similar bonus the previous year. 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. If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. SABMiller CEO-Graham Mackay $ 1,401,073 After the first few interviews, Toni Kan adlibbed in one of our post mortems that the subject was a different kind of CEO, at least, a Nigerian CEO. 4405. CEO Elon Musk topped the list. 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. It’s listed on the Nigeria and Johannesburg stock exchanges. Shoprite Holdings Limited, an investment company that engages in the food retailing business. The managing director of Beer Company, East Africa Breweries Limited (EABL) takes home a whooping Sh7.2 million ($69,984) per month. She is the first African-American woman CEO to head a Fortune 500 company. Persistence and hard work are essential ingredients that make a successful entrepreneur. with 18,000+ franchises. READ ALSO: ‘I Try To Keep Fit But I Have Very Thick Skin’ – Plus Size Nollywood Actress, Eniola Badmus Cries Out The responsibility of piloting a firm’s affairs and ensuring profitability often rests squarely on the shoulders of the Chief Executive Officer (CEO). Another unbelievable annual earning: $108ighest,282,333. The amount these CEO’s earn is equivalent to the time and work they put in the company to achieve success. Following the step down of Former Group executive officer Stephen Koseff, Fani Titi is the new Joint CEO of Investec. From the onset, Austin Avuru settled into his role recalling momentous events that happened more than half a century ago, taking us through the valleys and hills, the smooth sailings, the perilous periods, the unforeseen and unexpected tragic times that have defined and shaped his life to this day. Today, he is one of the highest-paid leaders in the world. African Rainbow Minerals is a mining company, and Mike Schmidt the CEO earns about R29.3m. Never once was there that conscious display of wealth even though he is numbered among the richest Nigerians today. Co-operative Bank’s Gideon Muriuki is the Best Paid CEO in Kenya with an annual pay of Ksh 376.4 million. Jubril Adewale Tinubu, CEO, Oando Plc. 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 … Austin himself is reputed to be the highest paid CEO in Africa, according to a BBC report of December 2018. He earns $223,500 and is one of the richest men in South Africa with a network of $450 million. So did the corporate top dogs of NNPC watch in admiration when Austin Avuru emerged the best overall student after a four-month course at Petroleum Training Institute, Effurun, Warri, in 1983. To all aspiring CEOs in South Africa, we hope this list will motivate you not to give up on the dream. Bonus and grants skyrocket it to R13.9m. All three of us, along with the principal biographers – Toni Kan and Peju Akande – were swept along as his story unfolded. 0. ... Group CEO Oando plc (₦568 million) ... Central, and Eastern Europe. He is CEO of a company hailed as Africa’s leading indigenous energy solutions provider. Augustine Ojunekwu Avuru – MD/CEO Seplat Plc High wages are a good reason for pride. Akon is also the CEO of Konvict Musik – a record label which he is also signed into. SABMiller CEO-Graham Mackay $ 1,401,073 Shoprite CEO-Whitey Basson $ 3,809,343 72. Below is a list of the top highest paid CEOs in Africa. Therefore, it is not easy to find fresh information in media. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. In the same period, the GDP per Capita went up by 4.3%. 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. 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. There are no comments at the moment, do you want to add one? SHARES. The last rating of such was drawn up in 2016. However, not every CEO wants to publish such data. Shoprite CEO, Pieter Engelbrecht aged 49, earns a total compensation of R18.5m. Following the establishment of FirstRand Limited in1998, he succeeded Sizwe Nxasana who retired as CEO in 2002. Investec is a banking association in South Africa. Losing the same spouse to a sudden asthma attack is more than anyone can bear. He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million. With biographies of some prominent Nigerians under his belt (, Avante Garde: DJ Jimmy Jatts, The Legend: Shonibare. Here are the top 10 highest paid CEOs in South Africa as of 2014. 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. With biographies of some prominent Nigerians under his belt (Avante Garde: DJ Jimmy Jatts, The Legend: Shonibare), 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. 1. Some people are born without knowing one or both parents. The list of CEOs of South Africa’s Top 100 Companies makes fascinating reading. 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. 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. 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. 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. 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. Top 10 highest paid CEO in Nigeria. This site uses Akismet to reduce spam. 4. The first was an office in Ikoyi and the second a well-appointed residential building in Lekki Phase One. 2. Top 10 Highest Paid CEOs in South Africa (2021), Top 10 Richest Music Artists in South Africa (2021), 2. 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). He is an Alumnus of the University of Johannesburg with a Bcom (Hons) (Accounting) in 1983. 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.”. Below is top 10 list of highest-paid CEOs in South Africa:-. The figures do not reflect the exact salary that the name CEOs earn. Apart from its choice listings, Seplat Petroleum, industry analysts often say, is the highest paying industry today in Nigeria. Those before them, his paternal and maternal grand-parents, died pretty much early too. King Mohammed VI of Morocco. Kasikornbank's Banthoon Lamsam was paid a little over $211,000 in 2017 and was the highest-paid at any company headquartered in Thailand, though he failed to crack the Asia top 50 list. Top 10 highest paid CEO in Nigeria. Ursula Burns is the first female African-American CEO of an S&P 100.She serve as chairwoman and CEO of Xerox. Without further ado, here are the top 15 highest-paid CEOs making their mark in the world. Highest Paid CEOs and Salary Earners in Nigeria. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. 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. Corbat has held the position since 2012. 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. by Emeka Nweze April 27, 2019. This country – famous for its rugged, breathtaking scenery and rich, diverse wildlife – is a gold mine for professionals. CEO Pay continued to dominate the AGM season in 2019. 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. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. 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. Austin Avuru is CEO of Seplat Petroleum, one of a few O&G companies in Nigeria quoted on the NSE and LSE. 72. 1. Before becoming the President of South Africa in February 2018, he served as Deputy President from 2014 – 2018. 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. “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.”. In 2009, Forbes ranked her the 14th most powerful woman in the world. If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. Adams himself was there at PTI, savouring the secret pleasures such moments elicit. Below is a list of the top highest paid CEOs in Africa. While 2020 might see a freeze in CEO salary, 2019 was a … 2. Mark V. Hurd (Deceased) His amazing earning in a year was $108,295,023. According to statistics from the World Bank, Zambia witnessed rapid economic growth between 2000 and 2014, with an annual average growth of 7.3%. “That was when they first noticed me,” Avuru said one day in his private reception in a sylvan-screened two-storey, cream-coloured modern office – complete with CCTV in and out of the premises – on Gerrard Avenue, Ikoyi. With real names as Aliaume Damala Badara Akon Thiam, Akon is the Forbes richest musician in Africa. Christoffel Wiese is also a CEO but a Non-Executive one. Like a neurosurgeon probing parts of the brain to see and know the intricacies that make up the individual, Austin Avuru’s jests and simple asides revealed so much; for as the prince of ancient biographers Plutarch himself once wrote, “a slight thing like a phrase or a jest often makes a greater revelation of character than battles when thousands fall, or the greatest armaments, or sieges of cities.”. 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. That being said, being the CEO of the world’s biggest company doesn’t necessarily mean … Citigroup CEO Michael Corbat was paid $25.5 million in fiscal 2019. By the time he was conscious enough, he would seek his father’s photographs in vain. . As the Group Chief Executive Officer and Executive Director of Woolworths, the total compensation of Ian Moir at Woolworths is R30.6m. Moraba was paid almost R9m in 2017/18, including a R4.1m bonus. SHARE. Adewale Tinubu – CEO, Oando Plc. ... (UK) and WAPCO (now Lafarge Africa), which he led as Managing Director/CEO for a decade before taking up the appointment as Managing Director/CEO of the National Electric Power Authority. Gideon Muriuki – Cooperative Bank. 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. 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. However, not every CEO wants to publish such data. CEOs are the highest ranking corporate executives — and their compensation often reflects as much. 45 million last year after he missed out on bonus earnings for failing to meet the set annual performance targets. 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. 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. That's the top of the list of the 15 highest paid charity CEOs compiled by the watchdog Charity Navigator. Earnings:-₦568 million per annum. Married for almost a quarter century without a child is even lesser fun, if it is fun at all. TWEET. The award was given to the two best and brightest students in every class in every secondary school across the state. Save my name, email, and website in this browser for the next time I comment. 2. Wale Tinubu is the second-highest paid CEO in the oil sector, earning 69 million naira, or $430,000. The only surviving copy, it turned out, vanished without a trace, like a mirage as if Avuru Senior never even existed. Below is top 10 list of highest paid CEOs in Nigeria:-1. 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. All through the periods I was part of the interview, there was no indication of the CEO’s Croesus-like wealth, especially sartorially. Adrian Gore has a fixed Salary of R6.59m with a total of R19m. He earns R11.8 total earnings. As we take a break over the … Austin had worked directly under him in the E&E Department as a youth corp member, then as a full staff of NNPC. Cameroonian president Paul Biya tops the list of the highest paid heads of state in Africa with a monthly salary of Sh5.3 million. There were no hesitant moments as you expect, sometimes, in maiden meetings between biographers and their subjects. The average salary for a Chief Executive Officer (CEO) in South Africa is R1,163,271. Aspen Pharmacare founded in 1997 trades on the Johannesburg Stock Exchange and it markets generic medicines in over 150 countries. Below is a full list of the highest-paid CEOs in Kenya as of 2020. 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. SHARE. 4.Clarence Otis, Jr. Otis, Jr. runs Darden Restaurants, an org. South Africa has the highest paid gap, this is the most highest paid CEOs in the country. 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. The figures do not reflect the exact salary that the name CEOs earn. Two or three of Austin’s uncles and aunties would die prematurely as well – at about 50, 58, 69. Losing a father at six isn’t anyone’s great idea of starting out life. Alan Clark. The last rating of such was drawn up in 2016. The house in Lekki is his, where he has lived for more than 10 years now. Avuru Senior was only 51 when he died, in June 1965. 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. 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. 10) Sifiso Dabengwa, R48 million (CEO of MTN) The only black on the list. All three of us, along with the principal biographers – Toni Kan and Peju Akande – were swept along as his story unfolded. 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. Years ago, on meeting the West African Regional Head of the Jesuits to seek approval for the school, someone asked him what drives his philanthropy. High wages are a good reason for pride. But Austin Avuru lived through it all, insisting stoically that “once I have done what I think I need to do and things that I have no control over, I won’t knock my head against it.”. But that notwithstanding, CEOs are the ones at the helm of affairs. The telecommunication giant CEO is one of the most popular and highly paid corporate officers in Kenya. #4.Bob Collymore. Before you get too upset, that seven-figure pay out is likely an aberration. Joosub has a Bachelor of Accounting Science from the University of South Africa and an MBA from the University of Southern Queensland. There is a Catholic Secondary School he is building, also, to be handed over to the Jesuits. 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. 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. He was formerly the chief operating officer of the company before being appointed a chief executive officer in November 2000. We also take a look at how the performance of these companies has increased to understand how executives are rewarded for performance. On … Its CEO was awarded $108.1 million in … The total compensation of Johannes Burger at First Rand is R63.3m. Fani Titi, an alumnus of the University of California, University of Fort Hare. Wiki SA is South Africa's authoritative top quality information website that provides resourceful information about her culture, people and things associated with South Africans. But to be a CEO, it takes a certain level of charisma and instinct to lead your company and team towards success. Naturally, the sojourners from Abbi followed their footsteps. Highest Paid CEOs and Salary Earners in Nigeria. His salary has however been fluctuating over the past two years. Stephen Saad (CEO of Aspen Pharmacare), 4. Among the invited guests in the school’s auditorium, his mother, uncle and wife-to-be watched keenly and admiringly from the stand. It is not for nothing that Austin Avuru and his longtime friend and townsman, Pius Opute, were seen then as the “brains and brightest students in Abbi.”. 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 Avuru not only came first in Geology and Geophysics but topped in Petroleum Engineering becoming, in the process, the best overall student, once again. 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