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Dr Lazarus Chakwera’s net worth in 2022

by 265 Entertainment Magazine
Lazarus Chakwera - Malawi President

A closer look at Malawi president, Dr Lazarus McCarthy Chakwera and his net worth in 2022. As well as new investments since presidency and salary.

As of 2020 the state President Dr Lazarus Chakwera who is also the Minister of Defense in Malawi declared his wealthy.  His net worth was estimated to be about K272 million. A quick question that requires a quick answer is,  how much is Dr Lazarus Chakwera the current President of Malawi worthy in 2022? Well due to the pressure  from our followers, we are forced to dig deeper into the figures.

How  Chakwera’s salary affect his net worth?

This is no longer a secrete as the state president of Malawi. Dr Lazarus Chakwera is pocketing $6,192 or K5,034,396. Which when we sum it up, it gives us $74,300 K60,409,497 per year.  Making him one of the highly paid Presidents in Africa as many are speculating that his current net worth is largely affected his salary.

We should also not forget that as the State President and Defense minister he benefits huge allowances from most of the tasks he performs on behalf of his office, which is described as the highest office.

Fields that he ‘ Chakwera ‘ has worked in to achieve his current net worth.

Digging a little further into his background, Dr McCarthy Lazarus Chakwera has served as an instructor at The Assemblies of God’s School of Theology and he also served as the principal from 1996. He further served as the lecturer at the All-Nations Theological Seminary and president of Malawi Assemblies of God which he served up to 2013, later he resigned to run for presidency under the Malawi Congress Party.

Lazarus Chakwera’s assets, Cars, Land and Houses

What Makes him a Millionaire?

Actually, he has acquired much of his money from employment, meaning salary has contributed further to his rise into a millionaire. Among other properties he acquires is a farm that he owns in Lilongwe at his home village called Malembo. The farm is said to have been an inheritance from his family. Chakwera owns a plot of land at Nyangulu village, He is also reported to have possessed a piece of land in Salima which he bought at K1 Million from his gratuity.
As the President he is currently residing at the State House in Lilongwe Malawi, other than that he owns a private mansion which allegedly cost him around K650 million.

Chakwera is currently owning a fleet of the most expensive cars, among them is

  1. Hummer
  2. Range Rover
  3. Isuzu truck
  4. Toyota Prado TX
  5. Toyota Hilux single cab

Chakwera’s Net worth in 2022

Since 2020 Chakwera has not yet made any statement concerning his current figures or new investments. His net worth is a cumulative sum of all his assets minus all his liabilities. He has accumulated this impressive net worth over the years through his career in politics and theology, inheritance and acquired assets. Despite him accumalating such an ernomous figure, Lazarus Chakwera doesn’t fit among the most richest people in Malawi.

Read also: Top 10 richest people in Malawi Malawi wealthiest list, billionaires in 2022

 

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