Top 10 richest politicians in South Africa (2021)
Politics is now like a regular occupation in South Africa and those who are involved in it are called politicians.
These set of people are known to be very rich. Politics in SA evolved tremendously since the end of apartheid. This has given opportunity to more people in hold political positions. Most of the political leaders are also successful businessmen as well.
In this post, we will be taking a look at the richest politicians in South Africa and their net worth.
1. Cyril Ramaphosa
- Net Worth: $700 million
- Date of Birth: 17 November 1952
Top of our list is Cyril Ramaphosa who is a South African politician, activist, businessman, and trade union leader. He was the South African deputy president under the Jacob Zuma regime. He is the chairman of the national planning commission which is known to be accountable for the strategic planning of the country.
2. Tokyo Sexwale
- Net Worth: $200 million
- Date of Birth: 5 March 1953
The 2nd on our list is Tokyo Sexwale who is a South African businessman and politician. He is also a former political prisoner and the anti-apartheid activist with charismatic leader Nelson Mandela.
He is the major participant in the diamond industry and holds the second biggest company after the De Beers. Tokyo Sexwale is the director of the Absa Limited, Allied Electronics, and Gold Fields and is also the chairman of Trans Hex and Northam Platinum Limited.
3. Sipho Nkosi
- Net Worth: $163 million
- Date of Birth: 61 years
Next on our list is Sipho Nkosi who is a South African businessman and was appointed as the director of the business leadership of South Africa in 2014. His great career started with the Ford Motor Company as the market analyst in 1980 and he also worked as the marketing coordinator with the Anglo American coal. He is currently the director and the CEO of the Exxaro Resources and the non-executive director of the Sanlam.
4. Phuthuma Nhleko
- Net Worth: $142 million
- Date of Birth: 7 April 1960
The fourth politician on our list is Phuthuma Nhleko who is a South African politician and businessman; He is the former CEO of the MTN Group which is the African largest holding group of GSM cellular networks and has 6000 employees and reported a turnover of US $ 29 million.
He is also the chairman of the African worldwide investment holding company that holds the stakes in the information technology and telecommunication industries.
5. Vincent Mntambo
- Net Worth: $95 million
- Date of Birth: 61 years
Vincent Mntambo is a South African politician, businessman and the founder of the Sediba Accord and Sediba Consulting. He also served as the senior lecturer in the Natal University.
He has a long professional career as an executive of several conglomerates such as the chairman of the ASG business solution, executive director of IMSSA and the non-executive director of the Eyesizwe coal.
6. Mike Teke
- Net Worth: $64 million
- Date of Birth: 1964
Next on the list of richest politicians is Mike Teke who is a South African politician and the president of the SA Chamber of the Mines. He is the founder of the beneficiation and mining company “Dedicoal” and the non-executive director of the Rolfes Tech Holdings. He is also the chairman of the Optimum Coal which he co-founded and the shareholder of the cratos capital.
7. Saki Macozoma
- Net Worth: $53 million
- Date of Birth: 12 May 1957
No. 7 in the list of top 10 richest politicians in South Africa is Saki Macozoma. He is one of the most prominent businessmen in South Africa.
Macozoma became a member of the parliament in 1994 but he left the legislative authority and became the MD of the Transnet Ltd which is the largest network and controls the railway network in South Africa. He is the head of the Liberty Holdings and the vice chairman of the standard bank.
8. Frederik Willem
- Net Worth: $46 million
- Date of Birth: 18 March 1936
Frederik Willem is a South African politician and served as the president of country’s state from 1989 to 1994. He was the 7th and the last head of the South Africa state under the apartheid era.
He played a major role in transforming South Africa into a non-racial democratic state thereby reducing the discrimination and giving equal voting rights to the citizens of South Africa. He received the Nobel Peace Prize with the Nelson Mandela in 1993 for his contribution to the end of apartheid in South Africa.
9. Jacob Zuma
- Net Worth: $20 million
- Date of Birth: 12 April 1942
Jacob Zuma is a South African politician and the former president of South Africa. He was first elected in the 2009 general election and was re-elected again in 2014.
He is the leftist economist and has played a major role in the development of trade unions as well as the youth league and women’s league which is a big economic change in the country.
10. Thabo Mbeki
- Net Worth: $10 million
- Date of Birth: 18 June 1942
Thabo Mbeki is also a prominent South African politician and was the president of South Africa from 1999 to 2008 as the 2nd post-apartheid president of South Africa.
He used his authority as the president and formulates the neoliberal structure of country’s economy to increase the household income and jobs creations and during his occupancy, the economy grew at an average rate of 4.5 per cent per year.
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