The Top 10 Richest South African Politicians in 2024

South Africa is home to a number of wealthy politicians who have amassed significant fortunes through various means, including business ventures, investments, and their political careers.

As of 2024, here are the top 10 richest South African politicians, ranked by their estimated net worth.

1. Cyril Ramaphosa

**Net Worth: $450 million**

Cyril Ramaphosa, the President of South Africa, tops the list with an estimated net worth of $450 million. Before entering politics, Ramaphosa was a successful businessman and trade union leader.

He played a key role in the negotiations to end apartheid and has since held various high-profile positions in both business and government. His wealth primarily comes from his stakes in the Shanduka Group, which has investments in mining, energy, and telecommunications.

2. Tokyo Sexwale

**Net Worth: $200 million**

Tokyo Sexwale, a former anti-apartheid activist and businessman, has a net worth of $200 million. Sexwale served as the Premier of Gauteng and has held various ministerial positions.

He is the founder of Mvelaphanda Group, a diversified investment holding company with interests in mining, energy, and financial services. Sexwale’s business acumen and political influence have contributed significantly to his wealth.

3. Patrice Motsepe

**Net Worth: $175 million**

Patrice Motsepe, the founder and executive chairman of African Rainbow Minerals, is one of South Africa’s wealthiest politicians with a net worth of $175 million.

Motsepe, who is also the brother-in-law of Cyril Ramaphosa, has diversified his investments across various sectors, including mining, finance, and real estate. His success in the mining industry has made him one of the richest men in Africa.

4. Pravin Gordhan

**Net Worth: $150 million**

Pravin Gordhan, a prominent South African politician and former Minister of Finance, has a net worth of $150 million. Gordhan has held various key positions in the government, including Minister of Public Enterprises and Commissioner of the South African Revenue Service (SARS).

His wealth comes from his extensive career in both the public and private sectors, as well as his investments in various business ventures.

5. Fikile Mbalula

**Net Worth: $120 million**

Fikile Mbalula, the Minister of Transport and a former Minister of Police, has a net worth of $120 million. Mbalula has been a key figure in the African National Congress (ANC) and has held various leadership positions within the party.

His wealth primarily comes from his political career, as well as his investments in real estate and other business ventures.

6. Zweli Mkhize

**Net Worth: $100 million**

Zweli Mkhize, the former Minister of Health and a prominent ANC leader, has a net worth of $100 million. Mkhize has held various ministerial positions and has been involved in both business and politics. His wealth comes from his investments in healthcare, real estate, and other business ventures.

7. Malusi Gigaba

**Net Worth: $80 million**

Malusi Gigaba, a former Minister of Home Affairs and Minister of Public Enterprises, has a net worth of $80 million. Gigaba has been a key figure in the ANC and has held various ministerial positions. His wealth primarily comes from his political career, as well as his investments in real estate and other business ventures.

8. Nkosazana Dlamini-Zuma

**Net Worth: $75 million**

Nkosazana Dlamini-Zuma, the former Chairperson of the African Union Commission and a former Minister of Health, has a net worth of $75 million.

Dlamini-Zuma has held various high-profile positions in both the South African government and international organizations. Her wealth comes from her extensive career in politics and her investments in various business ventures.

9. Lindiwe Sisulu

**Net Worth: $70 million**

Lindiwe Sisulu, the Minister of Tourism and a prominent ANC leader, has a net worth of $70 million. Sisulu comes from a politically influential family, being the daughter of Walter and Albertina Sisulu, who were key figures in the anti-apartheid struggle.

Her wealth primarily comes from her extensive political career, which includes serving as Minister of Defence, Minister of Public Service and Administration, and Minister of Human Settlements. Sisulu has also made significant investments in real estate and other business ventures.

10. Gwede Mantashe

**Net Worth: $60 million**

Gwede Mantashe, the Secretary-General of the ANC and former Minister of Mineral Resources, has a net worth of $60 million. Mantashe has been a key figure in the ANC and has held various ministerial positions.

His wealth primarily comes from his political career, as well as his investments in mining and other business ventures. Mantashe’s influence in the mining sector has significantly contributed to his wealth.

Conclusion

The top 10 richest South African politicians in 2024 have amassed their fortunes through a combination of successful business ventures, strategic investments, and influential political careers.

Their wealth reflects their ability to navigate both the public and private sectors, leveraging their positions to create substantial financial empires.

While their political influence has played a significant role in their success, their business acumen and investments have also been crucial in building their fortunes.

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