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Zunaid Moti is one of South Africa’s most successful self-made tycoons who has defied all odds to live the life of his dreams.
Here’s a look at Zunaid Moti’s net worth, childhood and background, rise to wealth, cars, and private jet.
What is Zunaid Moti’s net worth?
The exact value of Zunaid Moti’s net worth has not been provided although several online sources estimate that he is worth between $35 to $40 million.
Zunaid Moti’s childhood and background
Zunaid Moti was born in 1974 in Mokopane in a humble background where finances were tight. His father Abbas Aboo Baker Moti ran a dealership in Mokopane.
According to sources, the young Moti used to wash the school bus during the weekends so that he and his sister could get rides to and from school.
Moti undertook his studies at local primary and secondary schools before attending St. Albans College in Pretoria where he reportedly graduated with a degree in Bachelors of Commerce.
Zunaid Moti businesses and rise to wealth
From a young age, Zunaid Moti had big dreams of becoming a millionaire and he worked hard to make his dreams come true.
Zunaid Moti’s net worth has grown from his vast business empire. The tycoon revealed that he had a mentor who helped him to stay on track and pursue his goals while staying disciplined. Zunaid made his first great fortune when he was only 22 years old after selling his shares worth R 40 million.
Moti founded a company that provides commercial building waterproofing services called Future Seal but after a while, he sold it and opened filling stations as part of his business conglomerate.
Following the success of his first business venture, Moi went on to venture into the transportation industry and founded Future Fin which provides funding for luxury vehicles including cars, yachts, and private aircrafts.
He became the chairman of Abalengani Group which deals in real estate and through this group he was able to build Nondela luxury golf estate.
He is currently the Executive Chairman of the Moti Group, a firm that has been in operation for over two decades In addition to that, he also has a large number of shares in numerous other businesses, making him a part-owner in others. Zunaid has around 204 enterprises in jewelry, mining, consulting, and other industries.
Despite having one of those rags to riches stories that people love to hear, Zunaid Moti’s life like most tycoons has not been short of controversies and he has been in a number of controversies that has seen him arrested and charged in court.
Zunaid Moti cars
Zunaid Moti’s net worth allows him to live a life of luxury that few can afford. He is well-known for his penchant for expensive automobiles and owns a fleet of them.
Among the most valuable vehicles in his collection are a Bugatti Veyron Mansory worth $1.5 million, a Pagani Zonda Roadster worth around $ 2 million, and a Koenigsegg CCXR worth $700,000.
Zunaid Moti reportedly owns a private jet in addition to his luxurious fleet of cars.