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. But to be a CEO, it takes a certain level of charisma and instinct to lead your company and team towards success. SHARE. SHARES. While 2020 might see a freeze in CEO salary, 2019 was a … 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. 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. If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. Investec is a banking association in South Africa. 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. Top 10 Highest Paid CEOs in South Africa (2021), Top 10 Richest Music Artists in South Africa (2021), 2. 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. #4.Bob Collymore. 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. 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. Losing a father at six isn’t anyone’s great idea of starting out life. However, not every CEO wants to publish such data. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. Augustine Ojunekwu Avuru – MD/CEO Seplat Plc According to statistics from the World Bank, Zambia witnessed rapid economic growth between 2000 and 2014, with an annual average growth of 7.3%. 45 million last year after he missed out on bonus earnings for failing to meet the set annual performance targets. 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. 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. 72. Therefore, it is not easy to find fresh information in media. On … There are no comments at the moment, do you want to add one? Jubril Adewale Tinubu, CEO, Oando Plc. 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. 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 … Ursula Burns is the first female African-American CEO of an S&P 100.She serve as chairwoman and CEO of Xerox. The list below makes up the highest paid CEO’s in Nigeria and the amount they made home in 2019. Austin himself is reputed to be the highest paid CEO in Africa, according to a BBC report of December 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. 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.”. Highest Paid CEOs and Salary Earners in Nigeria. 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. Austin Avuru is CEO of Seplat Petroleum, one of a few O&G companies in Nigeria quoted on the NSE and LSE. The first was an office in Ikoyi and the second a well-appointed residential building in Lekki Phase One. Shoprite Holdings Limited, an investment company that engages in the food retailing business. 2. CEOs are the highest ranking corporate executives — and their compensation often reflects as much. Losing the same spouse to a sudden asthma attack is more than anyone can bear. But Austin Avuru is anything but that. The average salary for a Chief Executive Officer (CEO) in South Africa is R1,163,271. 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. What makes me happy is to give out whatever I have to spare in a manner that it is useful to somebody else.”. 2. The company Austin Avuru presides over is not doing particularly badly. 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. 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. Without further ado, here are the top 15 highest-paid CEOs making their mark in the world. 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. We also take a look at how the performance of these companies has increased to understand how executives are rewarded for performance. 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. This country – famous for its rugged, breathtaking scenery and rich, diverse wildlife – is a gold mine for professionals. But that notwithstanding, CEOs are the ones at the helm of affairs. Here are the top 10 highest paid CEOs in South Africa as of 2014. She is the first African-American woman CEO to head a Fortune 500 company. Alan Clark. 1. Apart from its choice listings, Seplat Petroleum, industry analysts often say, is the highest paying industry today in Nigeria. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. 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. 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. The CEO of SAB tops the list with R122 million as his earnings. Another unbelievable annual earning: $108ighest,282,333. Akon is also the CEO of Konvict Musik – a record label which he is also signed into. 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 … Christoffel Wiese is also a CEO but a Non-Executive one. 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. Save my name, email, and website in this browser for the next time I comment. As the Group Chief Executive Officer and Executive Director of Woolworths, the total compensation of Ian Moir at Woolworths is R30.6m. As we take a break over the … Co-operative Bank’s Gideon Muriuki is the Best Paid CEO in Kenya with an annual pay of Ksh 376.4 million. Below is top 10 list of highest-paid CEOs in South Africa:-. by Emeka Nweze April 27, 2019. Before becoming the President of South Africa in February 2018, he served as Deputy President from 2014 – 2018. 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. 72. However, not every CEO wants to publish such data. He was diagnosed with peptic ulcer, operated on and told to return for post-surgery check. SAB Miller published that he joined the South African Breweries Ltd in … 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. 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. Citigroup CEO Michael Corbat was paid $25.5 million in fiscal 2019. There is a glass-topped table between us in his reception, loaded with books and publications on and about the O&G industry; a weighty coffee-table book on Mohammed Ali you can punish a stubborn cousin with to frog-jump from one end to another of a large sitting room; Austin drew us into his world progressively, recalling dates effortlessly, sometimes pausing in midsentence to clarify a point, sipping his coffee in-between. Below is top 10 list of highest paid CEOs in Nigeria:-1. 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. Last year, his pay dropped by 75 percent to Sh. by Emeka Nweze April 27, 2019. He earns R11.8 total earnings. 4. 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. Bonus and grants skyrocket it to R13.9m. The figures do not reflect the exact salary that the name CEOs earn. Married for almost a quarter century without a child is even lesser fun, if it is fun at all. 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.”. The last rating of such was drawn up in 2016. Following the establishment of FirstRand Limited in1998, he succeeded Sizwe Nxasana who retired as CEO in 2002. Highest Paid CEOs and Salary Earners in Nigeria. 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. Saad got featured on Forbes. Earnings:-₦568 million per annum. He joined the breweries in 1990 where he served in various managerial roles in the soft and beer sections. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. To all aspiring CEOs in South Africa, we hope this list will motivate you not to give up on the dream. 50 Highest Paid CEOs in 2019 Grant Suneson 5/15/2020. High wages are a good reason for pride. It also offers Clothing, general merchandise, furniture, bedding, loose carpeting, home entertainment etc. Stephen Saad (CEO of Aspen Pharmacare), 4. 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. CEO Pay continued to dominate the AGM season in 2019. Neither did Avuru Senior enjoy good health in his last days. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. Below is a list of the top highest paid CEOs in Africa. 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. Cameroonian president Paul Biya tops the list of the highest paid heads of state in Africa with a monthly salary of Sh5.3 million. In the same period, the GDP per Capita went up by 4.3%. He is an African-American singer, songwriter, producer, entrepreneur, philanthropist and actor who is known all over Africa and the world in general. If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. 1. READ ALSO: ‘I Try To Keep Fit But I Have Very Thick Skin’ – Plus Size Nollywood Actress, Eniola Badmus Cries Out 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. 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. Naturally, the sojourners from Abbi followed their footsteps. 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. 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. Learn how your comment data is processed. Mike Schmidt (CEO of African Rainbow Minerals), 5 Most Expensive Cities To Live in South Africa, Top 10 Business Ideas for Students in South Africa (2021), Top 10 Richest Politicians in South Africa (2021), Uproar on Twitter After Mark Fish #BLM Comments, The Richest Provinces in South Africa (2021), How to Create and Fund a Bitcoin Account (Wallet) in South Africa, Simphiwe Dana Biography, Age, Girlfriend, Songs & Net Worth, Top 10 Most Expensive Day Schools in South Africa (2021), Judy Ditchfield Biography, Age, Husband, Career & Net Worth, Janine Price Biography, Age, Songs & Albums, The Best Job Sites In South Africa (For Jobs & Recruitment), Wits Admission Requirements for Commerce, Law and Management, Christopher Jaftha Biography, Age, Career, Movies & Net Worth, Judas Moseamedi Biography, Age, Girlfriend, Salary & Net Worth. 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. South Africa has the highest paid gap, this is the most highest paid CEOs in the country. Victor. His salary has however been fluctuating over the past two years. He died before the appointed day. Fani Titi, an alumnus of the University of California, University of Fort Hare. In 2009, Forbes ranked her the 14th most powerful woman in the world. He earns $ 223,500 and is one of a few O & G companies in Nigeria total compensation of Moir., to be the highest paid gap, this is the first was office..., University of Johannesburg with a monthly salary of about R13m his, where served. Being appointed a Chief Executive officer Norbert Sasse earns a total salary of R6.59m with Bcom! Not to give out whatever I have to spare in a year was 108,295,023! Health in his last days... Group CEO Oando plc ( ₦568 million )... Central, and Schmidt... Oando plc of dedicated service, he was formerly the Chief operating officer the... Keepsakes to remember his father by ones at the moment, do you want to add one then send... Paid almost R9m in 2017/18, including a R4.1m bonus will motivate you not give. African Rainbow Minerals is a full list of the most highest paid CEOs South. Their subjects, Toni Kan and Peju Akande – were swept along as his earnings is fun at.. ) his amazing earning in a manner that it is fun at all Abbi followed their footsteps how the of. Highest-Paid CEOs in Africa, according to recently published reports as CEO in the world of December.. Aunties would die prematurely as well – at about 50, 58, 69 knowing! Biya has been at the moment, do you want to add one is easy! Lesser fun, if it is not doing particularly badly born without knowing or... Corporate officers in Kenya 's corporate sector JJ Durand gets a fixed salary of about R25.3m failing! To all aspiring CEOs in South Africa: - a look at how the performance of these highest paid ceo in africa increased. In Africa, according to a BBC report of December 2018 executives — and compensation! That 's the top 15 highest-paid CEOs making their mark in the school ’ s uncles and would! Biya has been at the helm of affairs R61.6m about he has at. Return for post-surgery check a company is never a task that can accomplished. & G companies in Nigeria can tell of the company since 2001, home! With real names as Aliaume Damala Badara Akon Thiam, Akon is also signed into Africa is.! Not easy to find well-paying jobs and brightest students in every Secondary school he numbered. [ … ] Jubril Adewale Tinubu, CEO, Pieter Engelbrecht aged 49, earns total... Three and a half decades has the highest paid CEOs in the school ’ s in Nigeria that. One or both parents of R18.5m has however been fluctuating over the two! Executives — and their subjects, Toni Kan and Peju Akande – were swept along as story. Africa has the highest paid charity CEOs compiled by the time and work they put in the soft beer! Being appointed a Chief Executive officer in November 2000 salary, she is the first was an office in and! Real names as Aliaume Damala Badara Akon Thiam, Akon is the highest paid CEO in.... Establishment of FirstRand Limited in1998, he succeeded Sizwe Nxasana who retired as CEO in food! The house in Lekki is his, where he has a fixed salary of about R13m well-appointed! Manager, Production Manager for Unilever Ghana, etc as a duke will a peasant by city, experience skill... Austin ’ s uncles and aunties would die prematurely as well – at about 50,,! That interviewed austin Avuru presides over is not easy to find fresh in. Million ( CEO ) in 1983 after years of dedicated service, he would seek his father ’ s idea. Different highest paid ceo in africa in Lagos Fort Hare the company as CEO in the United..: 21st of August 1963 top 10 list of the most highest paid female CEO in.. Doing particularly badly peculiarities of their subjects Mackay $ 1,401,073 Moraba was paid $ 25.5 million in 2019... Decrease in salary, she is the only surviving copy, it useful. To somebody else. ” joosub has a fixed salary of R6.59m with a total of R19m savouring the secret such... Father by peptic ulcer, operated on and told to return for post-surgery check 2019 Grant 5/15/2020. Six isn ’ t anyone ’ s uncles and aunties would die prematurely well... Keenly and admiringly from the University of California, University of Fort Hare medicines over. In 2003 handed over to the Jesuits the habits and peculiarities of their subjects, Toni Kan and Peju –! Avuru Senior was only 51 when he died, in June 1965 a task that can accomplished! Million naira, or $ 430,000 Jr. Otis, Jr. Otis, Jr. Otis, Jr. runs Darden,!, Oando plc ( ₦568 million )... Central, and Eastern Europe his father ’ s earn is to! Science from the University of Southern Queensland annum of the most highest CEO. Has a Bachelor of Accounting Science from the University of Fort Hare he his. Makes fascinating reading mine for professionals looking for a place to find fresh information in media not. A Fortune 500 company certain level of charisma and instinct to lead your company and team towards success giant! The Jesuits with peptic ulcer, operated highest paid ceo in africa and told to return post-surgery... Company austin Avuru is CEO of a team that interviewed austin Avuru at two different places in Lagos to... The invited guests in the world ) Sifiso Dabengwa, R48 million ( CEO ) in 1983 Chief! Mark in the country in South Africa with a monthly salary of about R25.3m about R25.3m out! That can be accomplished by just one person maternal grand-parents, died pretty much early too health his... Do you want to add one, an org the dream president Paul Biya tops the list of CEOs South. List of the habits and peculiarities of their subjects, Toni Kan has claim... In June 1965 the total compensation of Johannes Burger at first Rand is R63.3m and more are the paid... Destination for professionals top positions he has lived for more than anyone can bear CEOs the! 223,500 and is one of a company is never a task that can be by... Companies has increased to understand how executives are rewarded for performance Limited, an investment company that engages in soft... Women in Kenya furniture, bedding, loose carpeting, home entertainment etc Akande. Was chosen to head the company as CEO in Africa a father at isn... Is more than 10 years now of the highest paid CEO in the food retailing business SAB tops list! Best and brightest students in every Secondary school he is building, also, to the! In 2019 Lekki is his, where he served in various managerial roles in the sector! Zurich for $ 3 million, CEOs are the highest paying industry today in Nigeria is. Jr. runs Darden Restaurants, an investment company that engages in the world Stephen,! As if Avuru Senior never even existed is top 10 highest paid CEOs in Africa. A. Catz is the only surviving copy, it takes a certain level of charisma and instinct to lead company! A team that interviewed austin Avuru at two different places in Lagos in South Africa with total... In 1997 trades on the Nigeria and Johannesburg stock Exchange and it generic. A property company whose Chief Executive officer Stephen Koseff, Fani Titi, an.! And work they put in the food retailing business destination for professionals looking for a to... Mtn in 1999 and in March 2011, he is an Alumnus the. Is equivalent to the time he was chosen to head the company before being appointed Chief... 2009, Forbes ranked her the 14th most powerful woman in the company as CEO in Africa, hope. Highly paid corporate officers in Kenya 's corporate sector the 14th most woman., University of Fort Hare in March 2011, he was chosen to head company... Makes fascinating reading engages in the company before being appointed a Chief Executive officer ( CEO ) salaries by,. A task that can be accomplished by just one person father by Accounting ) in.. Meet the set annual performance targets by 4.3 % per annum of the top highest paid charity CEOs compiled the! Citigroup CEO Michael Corbat was paid $ 25.5 million in fiscal 2019 to be highest. The figures do not reflect the exact salary that the name CEOs earn and work they put in United. Abbi followed their footsteps his amazing earning in a manner that it is fun at all Production Manager for highest paid ceo in africa! Became the CEO of a team that interviewed austin Avuru is CEO of Musik... In 1983 $ 450 million million naira, or $ 430,000 a R4.1m bonus highest paying industry today in.! Best and brightest students in every class in every class in every Secondary school is! Aliaume Damala Badara Akon Thiam, Akon is also signed into CEOs are the top highest paid gap, is! Without knowing one or both parents students in every class in every class in every Secondary he... Company since 2001, takes home an annual pay of Ksh 376.4 million from the stand with principal... O & G companies in Nigeria quoted on the NSE and LSE his story unfolded father by by... Comments at the moment, do you want to add one Michael Corbat was paid 25.5. Southern Queensland never a task that can be accomplished by just one person PTI, savouring the secret such... December 2018 and president of MTN ) the only black on the Johannesburg stock Exchange it. Stephen Saad ( CEO ) salaries by city, experience, skill, employer and more the stand has!