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KwaZulu-Natal is known for its business moguls who spend lavishly. They certainly make headlines with their spending sprees.
KwaZulu-Natal is home to a number of prominent figures, ranging from politicians to business moguls, and it’s no surprise that it’s home to a slew of millionaires and billionaires. However, these business titans frequently make Durban their playground.
We’ve connected the dots on some of the wealthiest KwaZulu-Natal business moguls’ net worth and sources of income against the backdrop of their lavish lives.
Some prominent figures, however, have been excluded because there is no official information about their net worth. Let’s take a look at the net worth of the richest KwaZulu-Natal businesspeople.
LIST OF RICHEST KWAZULU-NATAL BUSINESS MOGULS’
Vivian Reddy – R1.9 billion
Reddy is the CEO of Edison Group. The 70-year-old businessman is considered the richest man in the KwaZulu-Natal province. He has an estimated net worth of R1.9 billion as of 2023. Recently he flexed his muscle when he built one 36 000 square foot Oceans Mall.
Former president Jacob Zuma – R349.9 million
The former President of South Africa has a whopping net worth of R349.9 million, according to ZAlebs. Many sources believe his net worth is more than that, given that his Nkandla homestead costs R246 million. Reports have it that he also has a million-rand Dubai Mansion, which is under the watch of his son Duduzane Zuma.
SHAUWN MKHIZE – R350 MILLION
She has the plug and the bling too. Her lavish life has fast become a typical reality show. Shauwn Mkhize, best known as MaMkhize, has an estimated net worth of R350 million. She is best known for her R20 million mansion, best known as La Lucia. The business mogul, a reality star and actress, earns a fortune from tenders. Of interest is that she is related to ANC big wig Zweli Mkhize who once served as Minister Of Health.
Sandile Zungu – R226 million
According to Sports Brief, the Harvard Business School graduate has an estimated net worth of R226 million. However, his net worth has been controversial recently, as several sources claim he is worth a whooping R350 million.
Moses Tembe – R100 million
Despite being known by many as the father of the late AKA’s fiancée Neli Tembe, Moses Tembe is a celebrated economist whose contribution to the nation’s economy can’t be overlooked.
Unlike other business moguls from the province, Moses keeps his private life under wraps. According to BuzzSouthAfrica, he had an estimated net worth of R100 million as of 2021.