Kofi Annan Net Worth
Kofi Annan had an estimated net worth of $5 million at death. Kofi Annan was the former secretary-general of the United Nations and a recipient of the Nobel Peace Prize. He earned most of his income from his political career.
Kofi Annan was born into an aristocratic family in Ghana and attended a number of schools and colleges in the United States and Switzerland, where he studied international relations. In 1962, he became an international civil servant for the United Nations. He later became the United Nations Secretary-General and a special envoy to Syria. Annan died on August 18, 2018, at the age of 80, in Switzerland.
To calculate the net worth of Kofi Annan, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$5 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$1.5 Million|
|Source of Wealth:||Politician, Economist, Secretary-General of the United Nations, Diplomat, Author|
Early Life and Education
Former United Nations Secretary-General Kofi Atta Annan was born within minutes of his twin sister, Efua Atta, on April 8, 1938, in Kumasi, Ghana. The grandchild and nephew of three tribal chiefs, Annan was raised in one of Ghana’s aristocratic families.
In his mid-teens, Annan attended an elite Methodist boarding school called Mfantsipim, where he learned that “suffering anywhere concerns people everywhere.” Upon Annan’s graduation from the school in 1957, Ghana gained independence from Britain; it was the first British African colony to do so. “It was an exciting period,” Annan once told The New York Times. “People of my generation, having seen the changes that took place in Ghana, grew up thinking all was possible.”
Annan went on to pursue higher education, attending four different colleges: Kumasi College of Science and Technology, now the Kwame Nkrumah University of Science and Technology; Macalester College in St. Paul, Minnesota; Graduate Institute of International Studies in Geneva, Switzerland; and the MIT Sloan School of Management in Cambridge, Massachusetts. He earned a number of degrees, including a Master of Science, and studied international relations. Annan, whose native language is Akan, also became fluent in English, French, some Kru languages and other African languages.
Career with the United Nations
Annan’s United Nations career began in 1962, when he was hired as a budget officer for the World Health Organization, a U.N. agency. Annan has been an international civil servant ever since, with the exception of a brief stint as Ghana’s director of tourism from 1974 to 1976.
Annan served as an assistant secretary-general in three consecutive positions from 1987 to 1996: Human Resources, Management, and Security Coordinator; Program Planning, Budget and Finance, and Controller; and Peacekeeping Operations.
The Rwandan genocide occurred while he was serving in that capacity. The former force commander of the United Nations Assistance Mission in Rwanda, Canadian ex-General Roméo Dallaire, accused Annan of being overly passive in his response to the 1994 genocide. According to a March 2004 BBC article, Annan admitted that he “could and should have done more to sound the alarm and rally support” ten years after the genocide that killed over 800,000 people.
From March 1994 to October 1995, Annan served as Under-Secretary-General. He returned to the position in 1996, following a five-month stint as the secretary-special general’s representative to the former Yugoslavia.
United Nations Chief
In late 1996, the United Nations Security Council recommended that Annan replace the previous secretary-general, Dr. Boutros Boutros-Ghali of Egypt. After the General Assembly approved him, he began his first term as Secretary-General on January 1, 1997.
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