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. Following the step down of Former Group executive officer Stephen Koseff, Fani Titi is the new Joint CEO of Investec. Gideon Muriuki – Cooperative Bank. 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. In the same period, the GDP per Capita went up by 4.3%. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. His basic pay is totally about R61.6m about he has a Net worth of US$1.09 billion. Alan Clark is the most paid CEO in South Africa as he pockets R122 million! SABMiller CEO-Graham Mackay $ 1,401,073 Shoprite CEO-Whitey Basson $ 3,809,343 He earns $223,500 and is one of the richest men in South Africa with a network of $450 million. Here are the top 10 highest paid CEOs in South Africa as of 2014. 4.Clarence Otis, Jr. Otis, Jr. runs Darden Restaurants, an org. Therefore, it is not easy to find fresh information in media. His salary has however been fluctuating over the past two years. 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. The company Austin Avuru presides over is not doing particularly badly. 72. High wages are a good reason for pride. Before you get too upset, that seven-figure pay out is likely an aberration. TWEET. We also take a look at how the performance of these companies has increased to understand how executives are rewarded for performance. #4.Bob Collymore. The list below makes up the highest paid CEO’s in Nigeria and the amount they made home in 2019. 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. He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million. 2. Save my name, email, and website in this browser for the next time I comment. Avuru Senior was only 51 when he died, in June 1965. 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. 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. Stephen Saad (CEO of Aspen Pharmacare), 4. Jane must be one of the best paid women in Kenya's corporate sector. Augustine Ojunekwu Avuru – MD/CEO Seplat Plc 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. SHARES. According to statistics from the World Bank, Zambia witnessed rapid economic growth between 2000 and 2014, with an annual average growth of 7.3%. Zambia is an attractive destination for professionals looking for a place to find well-paying jobs. The first was an office in Ikoyi and the second a well-appointed residential building in Lekki Phase One. With real names as Aliaume Damala Badara Akon Thiam, Akon is the Forbes richest musician in Africa. Saad got featured on Forbes. Shoprite Holdings Limited, an investment company that engages in the food retailing business. 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. CEO Pay continued to dominate the AGM season in 2019. Adams himself was there at PTI, savouring the secret pleasures such moments elicit. Below is a full list of the highest-paid CEOs in Kenya as of 2020. As the Group Chief Executive Officer and Executive Director of Woolworths, the total compensation of Ian Moir at Woolworths is R30.6m. 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. 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. by Emeka Nweze April 27, 2019. 0. Austin himself is reputed to be the highest paid CEO in Africa, according to a BBC report of December 2018. 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.”. By the time he was conscious enough, he would seek his father’s photographs in vain. Below is top 10 list of highest-paid CEOs in South 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.”. Co-operative Bank’s Gideon Muriuki is the Best Paid CEO in Kenya with an annual pay of Ksh 376.4 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. Mark V. Hurd (Deceased) His amazing earning in a year was $108,295,023. Last year, his pay dropped by 75 percent to Sh. South Africa has the highest paid gap, this is the most highest paid CEOs in the country. 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. 2. He died before the appointed day. They were farmers, owing fealty to Yoruba landlords who availed themselves of the free education programme then to send their kids to school. 72. What makes me happy is to give out whatever I have to spare in a manner that it is useful to somebody else.”. Fani Titi, an alumnus of the University of California, University of Fort Hare. Top 10 Highest Paid CEOs in South Africa (2021), Top 10 Richest Music Artists in South Africa (2021), 2. In 2009, Forbes ranked her the 14th most powerful woman in the world. Never once was there that conscious display of wealth even though he is numbered among the richest Nigerians today. 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 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. But Austin Avuru is anything but that. After years of dedicated service, he was chosen to head the company as CEO in 2003. The last rating of such was drawn up in 2016. 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. 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. Wale Tinubu is the second-highest paid CEO in the oil sector, earning 69 million naira, or $430,000. 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. 45 million last year after he missed out on bonus earnings for failing to meet the set annual performance targets. Gideon who has been at the helm of the company since 2001, takes home an annual pay of Ksh 376 million. Other top positions he has occupied at the company include African Regional Brand Manager, Production Manager for Unilever Ghana, etc. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. All three of us, along with the principal biographers – Toni Kan and Peju Akande – were swept along as his story unfolded. The managing director of Beer Company, East Africa Breweries Limited (EABL) takes home a whooping Sh7.2 million ($69,984) per month. 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. 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 is an estimation of the total take-home per annum of the top highest-paid CEOs in South Africa according to recently published reports. 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. 1. Its CEO was awarded $108.1 million in … 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. “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. All through the periods I was part of the interview, there was no indication of the CEO’s Croesus-like wealth, especially sartorially. To all aspiring CEOs in South Africa, we hope this list will motivate you not to give up on the dream. Austin Avuru is CEO of Seplat Petroleum, one of a few O&G companies in Nigeria quoted on the NSE and LSE. Today in Abbi, there is an ultra-modern hospital run by the Catholic Church built singlehanded by one of the town’s most famous sons, Austin Avuru. Learn how your comment data is processed. The award was given to the two best and brightest students in every class in every secondary school across the state. 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. Victor. The figures do not reflect the exact salary that the name CEOs earn. There are no comments at the moment, do you want to add one? SHARE. He was diagnosed with peptic ulcer, operated on and told to return for post-surgery check. Mworia had earned Sh. Bonus and grants skyrocket it to R13.9m. The responsibility of piloting a firm’s affairs and ensuring profitability often rests squarely on the shoulders of the Chief Executive Officer (CEO). 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. South Africa boasts a lot of successful CEO’s in almost every sector – banking, oil and gas, sports, health and manufacturing. As we take a break over the … Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. CEOs are the highest ranking corporate executives — and their compensation often reflects as much. Among the invited guests in the school’s auditorium, his mother, uncle and wife-to-be watched keenly and admiringly from the stand. 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 … Jubril Adewale Tinubu, CEO, Oando Plc. However, not every CEO wants to publish such data. 4. 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. 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. Adewale Tinubu is the Group Chief Executive of Oando PLC, Africa’s leading indigenous energy solutions provider listed on the Nigerian and Johannesburg Stock Exchanges. 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. Mr Biya has been in office for three and a half decades. Married for almost a quarter century without a child is even lesser fun, if it is fun at all. Thinking that Avuru would dine separately, he sat with us, suggesting that “I hope we can have the interview while eating.”. 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. Moraba was paid almost R9m in 2017/18, including a R4.1m bonus. 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. Citigroup CEO Michael Corbat was paid $25.5 million in fiscal 2019. 10) Sifiso Dabengwa, R48 million (CEO of MTN) The only black on the list. Growthpoint, a property company whose Chief Executive Officer Norbert Sasse earns a total salary of about R25.3m. It also offers Clothing, general merchandise, furniture, bedding, loose carpeting, home entertainment etc. African Rainbow Minerals is a mining company, and Mike Schmidt the CEO earns about R29.3m. by Emeka Nweze April 27, 2019. Investment holding company Remgro CEO, JJ Durand gets a fixed salary of about R13m. Save my name, email, and website in this browser for the next time I comment. It operates in seven segments: Woolworths Fashion, beauty and Home, Woolworths Food, Woolworths logistics, David Jones, Country Road Group, Woolworths Financial Services and Treasury. 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. 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.”. For Austin Avuru, there were no such keepsakes to remember his father by. However he had significant decrease in salary, she still remained the highest paid female CEO in the United States. READ ALSO: ‘I Try To Keep Fit But I Have Very Thick Skin’ – Plus Size Nollywood Actress, Eniola Badmus Cries Out 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. However, not every CEO wants to publish such data. Austin had worked directly under him in the E&E Department as a youth corp member, then as a full staff of NNPC. 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. But to be a CEO, it takes a certain level of charisma and instinct to lead your company and team towards success. Adrian Gore has a fixed Salary of R6.59m with a total of R19m. Sifiso N. Dabengwa joined MTN in 1999 and in March 2011, he became the CEO and president of MTN Group Ltd. Across the 350 largest companies in the United States, the average CEO made $14.5 million in … On … But that notwithstanding, CEOs are the ones at the helm of affairs. 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. Top 10 highest paid CEO in Nigeria. 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. 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. Safra A. Catz is the only woman on our list, she is the CEO of Oracle (NYSE: ORCL). 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