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Limpopo province is well-known for its politicians, actors, and business moguls, all of whom are huge spenders who frequently make headlines.
We’ll look into the province’s wealthiest people and discover about their origins, net worth, successful enterprises, and sources of income.
Let’s take a look at some of Limpopo’s billionaires and millionaires in no particular order:
MIKE NKUNA: R2 BILLION
News24 reports that Soweto-born businessman Mike Nkuna moved his family to Giyani, Limpopo in 1990 to be closer to the projects that he was developing there.
The billionaire established Masingita Property Investment Holdings (MPIH) which has built malls in Giyani, Bara Mall, and Jabulani Mall in Soweto, etc, He’s got several franchises across the country and more than ten shopping centers in Mzansi.
Mzansi Leaks reports that the tycoon’s estimated net worth is R2 billion and he’s held up as a role model for anyone interested in entering the real estate industry.
GEORGE MAGWABENI: R1.7 BILLION
Engineering News reports that George Magwabeni is the developer of the 2Ten Hotel and owner of the EMM Convention Centre. He is a successful businessman who also began several companies such as the Mummy group, MTG, MGB Hotels, and PIB. According to Mzansi Leaks. Magwabeni’s net worth is approximately R1.7 billion.
CASSEL MATHALE: R1.4 BILLION
News24 reported in 2011 that Cassel Mathale, who was Limpopo’s Premier at the time was probably one of South Africa’s richest premieres as he owned more than 20 directorships, a 1 700-ha farm, and a health spa.
The publication adds that Mathale declared an interest in 16 trading entities, and five properties: a farm and health spa in Letsitele; two houses in Polokwane, and a house in Nkowankowa, in April 2010.
Mathale served as the province’s third premier of Limpopo after Sello Moloto and previously served as the ANC’s Limpopo province chairperson and resigned as premier on 15 July 2013.
Mzansi Leaks reveals that his estimated net worth is R1.4 billion.
JULIUS MALEMA: R500 MILLION
Limpopo-born politician Julius Malema’s estimated net worth is R500 million, according to Mzansi Leaks.
ZAlebs reports that the EFF leader has a second residence in Polokwane which is about R1 million. The publication adds that Malema owns a Range Rover, an Aston Martin, and a black Mercedes Benz AMG with a suggested retail price of R734 000.
Mail and Guardian reported in 2012 that he signed a lease in April 2009 on a house in upmarket Sandown for R18 000 a month and paid a year’s rent upfront and bought the house four months later for R3.6-million.
MAKAPANE MODIPA: R450 MILLION
Mzansi Leaks reveals that the Limpopo, Tzaneen native and businessman Makapane Modipa’s estimated net worth is over R450 million.
Nwamitwatimes revealed in 2021 that the entrepreneur is also a pilot and has been in the construction business for more than 28 years. News24 reported in 2014 that Modipa revealed on his company website that he has made about R100 million from government tenders in Limpopo.
Modipa is reportedly involved in building roads, bridges, schools, and stadiums across Limpopo for the past few years.
South African Businessman, Mike Nkuna is building $275.6 million Nkuna Smart City on 119 hectares in Limpopo.
The first phase is complete with the construction of a 20 square meter shopping centre.
He is the founder of Masingita Group, which owns 13 malls and shopping centres. pic.twitter.com/RGxEa2DTx6
— Africa Facts Zone (@AfricaFactsZone) March 5, 2023
Meet Limpopo construction mogul, Makapane Modipa – founder of MacP Construction. With over 28 years of construction experience.
He has an estimated Net Worth of R500 Million.
Also a pilot. Richest man in Tzaneen for years with a collection of cars and helicopters. pic.twitter.com/12OKPkVS4e
— Kasi Enterprises (@KasiEnterprises) April 7, 2023
#Cele Police Minister Bheki Cele, DM Cassel Mathale, NC Gen Fannie Masemola, Mpu Premier Refilwe Mtsweni-Tsipane & ANC Mpu PS Muzi Chirwa's motorcade waited for a gravel road to be fixed in Mkhondo, so they can pass. They are visiting families of three murdered ANC members. #eNCA pic.twitter.com/feGYP5kCMO
— Siphamandla Goge (@SiphamandlaGoge) January 16, 2023