Over the years, more and more politicians have made a good name for themselves due to their hard working and it has helped increase their total wealth. It does not matter how they attained their status of being rich or wealthy, be it through inheritance or working for it.
Let’s look at the Top 10 Richest Politicians in South Africa 2016
10. Thabo Mbeki – US $ 10 million
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 grow with an average rate of 4.5 percent per year. Thabo Mbeki estimated net worth is US $ 10 million and he is ranked at No. 10 in the list of top 10 richest politician in South Africa 2016.
9. Jacob Zuma – US $ 20 million
Jacob Zuma is the current president of South Africa and the president of the African National Congress. He is an economist and has played major role in the development of trade unions as well as the youth league and women’s league which is big economic change in the country. Check This : Top 10 Most Beautiful Actresses in South Africa
Jacob Zuma estimated net worth is US $ 20 million and he is ranked at No. 9 in the list of top 10 richest politician in South Africa 2016.
8. Frederik Willem – US $ 46 million
Frederik Willem served as the president of country’s state from 1989 to 1994. Frederik was the 7th and the last head of the South Africa state under the apartheid era. Read more : Top 10 Richest Footballers In South Africa 2017
He played a major role in transforming South Africa into non-racial democratic state and reduces the discrimination and has given equal voting rights to the citizens of Africa.
7. Saki Macozoma – US $ 53 million
Macozoma became a member of parliament in 1994 but he left the legislation authority and becomes the MD of the Transnet Ltd which is the largest network and controls the railway network in South Africa. Read more : Top 10 Richest Footballers In South Africa 2017
He is the head of the Liberty Holdings and the vice chairman of the standard bank.
6. Mike Teke – US $ 64 million
Mike Teke is a South African politician and the president of 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. Check This : Top 10 Most Beautiful Actresses in South Africa
He is also the chairman of the Optimum Coal which he co-founded and the shareholder of the cratos capital.
5. Vincent Mntambo – US $ 95 million
Vincent Mntambo is a South African politician, businessman and the founder of the Sediba Accord and Sediba Consulting. He is also served as the senior lecturer in the Natal University. Also read : Top 10 Richest People in South Africa 2017
He is also an executive memeber 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.
4. Phuthuma Nhleko – US $ 142 million
Phuthuma Nhleko 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 US $ 29 million turnover. Read : Top 10 Most Richest Families in the World 2017
He is also the chairman of the African worldwide investment holding company that holds the stakes in the information technology and telecommunication industries.
3. Sipho Nkosi – US $ 163 million
Sipho Nkosi was appointed as the director of the business leadership of South Africa in 2014. He started his career with the Ford Motor company as their market analyst in 1980 and also works with the Anglo American coal as the marketing coordinator. Read more : Top 10 Richest Footballers In South Africa 2017
Sipho Nkosi estimated net worth is US $ 163 million and he is ranked at No. 3 in the list of top 10 richest politician in South Africa 2016.
2. Tokyo Sexwale – US $ 200 million
Tokyo Sexwale is the major stakeholder in the diamond industry and holds the second biggest company after the De Beers. He is the director of Absa Limited, Allied Electronics and Gold Fields and also holds the chair of Trans Hex and Northam Platinum Limited.
Tokyo Sexwale estimated net worth is US $ 200 million and he is ranked at No. 2 in the list of top 10 richest politician in South Africa 2016
1. Cyril Ramaphosa – US $ 700 million
He also holds the chair of national planning commission which is accountable for the strategic planning of the country. He has been criticized for his business interests and his appearance in the board of Lonmin.
Cyril Ramaphosa estimated net worth is US $ 700 million and he is ranked first in the list of top 10 richest politician in South Africa at the moment.
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