Politicians wield not only power, they also gain access to financial wealth. We look at South Africa’s political rich-list.
A recent spoof story published by MediaMass.net saying South African President Jacob Zuma is the richest politician in the world, had both friends and enemies of Zuma giggling.
The reports even said his wealth – apart from his large salary as president of South Africa – is due to “smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics, several restaurants (the “Fat Zuma Burger” chain) in Pretoria, a Football Team (the “Nkandla Angels”) and his own brand of Vodka (Pure Wonderzuma – South Africa)”.
But seriously, we set out to find the real rich politicians of South Africa.
Cyril Ramaphosa – net worth R6 billion
South Africa’s current deputy president is the first billionaire deputy president in the post-apartheid South Africa. He is the founder and former executive chairman of Shanduka Group, an investment holding South African firm. He is also the chairman of Bidvest and MTN, while being a non-executive director in Macsteel Holdings, Alexander Forbes and Standard Bank.
He is known for playing a crucial role in the talks that led to a peaceful transition to democracy in South Africa and was actively involved in the drafting of South Africa’s Constitution of 1996.