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 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. Below is a list of the top highest paid CEOs in Africa. He is an Alumnus of the University of Johannesburg with a Bcom (Hons) (Accounting) in 1983. Last year, his pay dropped by 75 percent to Sh. 4.Clarence Otis, Jr. Otis, Jr. runs Darden Restaurants, an org. Any one will reasonably expect the highest paid CEO in the country to treat his lesser as a duke will a peasant. 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. Across the 350 largest companies in the United States, the average CEO made $14.5 million in … However he had significant decrease in salary, she still remained the highest paid female CEO in the United States. Investment holding company Remgro CEO, JJ Durand gets a fixed salary of about R13m. Adrian Gore has a fixed Salary of R6.59m with a total of R19m. Thinking that Avuru would dine separately, he sat with us, suggesting that “I hope we can have the interview while eating.”. But Austin Avuru is anything but that. Some people are born without knowing one or both parents. The list of CEOs of South Africa’s Top 100 Companies makes fascinating reading. Top 10 Highest Paid CEOs in South Africa (2021), Top 10 Richest Music Artists in South Africa (2021), 2. They were farmers, owing fealty to Yoruba landlords who availed themselves of the free education programme then to send their kids to school. With real names as Aliaume Damala Badara Akon Thiam, Akon is the Forbes richest musician in Africa. 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. There were no hesitant moments as you expect, sometimes, in maiden meetings between biographers and their subjects. However, not every CEO wants to publish such data. To all aspiring CEOs in South Africa, we hope this list will motivate you not to give up on the dream. But Austin Avuru is anything but that. By the time he was conscious enough, he would seek his father’s photographs in vain. The figures do not reflect the exact salary that the name CEOs earn. Neither did Avuru Senior enjoy good health in his last days. Adams himself was there at PTI, savouring the secret pleasures such moments elicit. . 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 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. Agreed, running a company is never a task that can be accomplished by just one person. But that notwithstanding, CEOs are the ones at the helm of affairs. Between March and June last year, I was part of a team that interviewed Austin Avuru at two different places in Lagos. ... Group CEO Oando plc (₦568 million) ... Central, and Eastern Europe. He earns $223,500 and is one of the richest men in South Africa with a network of $450 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. SABMiller CEO-Graham Mackay $ 1,401,073 All through the periods I was part of the interview, there was no indication of the CEO’s Croesus-like wealth, especially sartorially. Shoprite Holdings Limited, an investment company that engages in the food retailing business. You have entered an incorrect email address! Losing the same spouse to a sudden asthma attack is more than anyone can bear. 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. Below is top 10 list of highest-paid CEOs in South Africa:-. Jubril Adewale Tinubu, CEO, Oando Plc. The house in Lekki is his, where he has lived for more than 10 years now. James Mworia, CEO Centum: He was at one point the highest paid CEO in Kenya. 72. 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. 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. 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. Before you get too upset, that seven-figure pay out is likely an aberration. 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. Another unbelievable annual earning: $108ighest,282,333. 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. 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. Without further ado, here are the top 15 highest-paid CEOs making their mark in the world. In the same period, the GDP per Capita went up by 4.3%. Apart from its choice listings, Seplat Petroleum, industry analysts often say, is the highest paying industry today in Nigeria. His basic pay is totally about R61.6m about he has a Net worth of US$1.09 billion. CEO Pay continued to dominate the AGM season in 2019. by Emeka Nweze April 27, 2019. Gideon who has been at the helm of the company since 2001, takes home an annual pay of Ksh 376 million. The first was an office in Ikoyi and the second a well-appointed residential building in Lekki Phase One. Wale Tinubu is the second-highest paid CEO in the oil sector, earning 69 million naira, or $430,000. 1. 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. Highest Paid CEOs and Salary Earners in Nigeria. 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. Here are the top 10 highest paid CEOs in South Africa as of 2014. If any contemporary biographer in Nigeria can tell of the habits and peculiarities of their subjects, Toni Kan has a claim. He joined the breweries in 1990 where he served in various managerial roles in the soft and beer sections. Stephen Saad (CEO of Aspen Pharmacare), 4. He died before the appointed day. 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 list below makes up the highest paid CEO’s in Nigeria and the amount they made home in 2019. READ ALSO: ‘I Try To Keep Fit But I Have Very Thick Skin’ – Plus Size Nollywood Actress, Eniola Badmus Cries Out We also take a look at how the performance of these companies has increased to understand how executives are rewarded for performance. Is also a CEO, JJ Durand gets a fixed salary of Sh5.3 million was paid R9m. University of South Africa and an MBA from the stand good health his... Ceos of South Africa as of 2014 percent to Sh house highest paid ceo in africa Lekki is his, where he occupied! Its rugged, breathtaking scenery and rich, diverse wildlife – is a full list of CEOs of Africa! 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