{"id":247055,"date":"2022-05-31T12:43:43","date_gmt":"2022-05-31T11:43:43","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=247055"},"modified":"2022-05-31T12:43:47","modified_gmt":"2022-05-31T11:43:47","slug":"tokyo-sexwales-net-worth-cars-and-house","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/tokyo-sexwales-net-worth-cars-and-house\/","title":{"rendered":"Tokyo Sexwale\u2019s Net Worth, Cars and House"},"content":{"rendered":"

Tokyo Sexwale’s net worth is estimated at a whopping R2.14 billion. The South African self-made billionaire amassed his wealth through various lucrative businesses, politics, investments, and top positions.<\/strong><\/p>\n

The South African billionaire has several luxury cars that he drives around in, and being a wealthy man, he equally lives in a befitting mansion in one of the major cities in the country. The Soweto-born politician is also believed to have properties scattered across South Africa.<\/p>\n

The Sources of Tokyo Sexwale’s Net Worth<\/strong><\/h2>\n

It is no surprise that Tokyo Sexwale<\/a> has multiple sources of income. However, three of his major and known income streams are business, earnings\/salaries from the various enviable positions he has occupied and still occupies, and investments.<\/p>\n

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Being one of the richest men in Africa, Sexwale is highly revered in both the business community and political space. He occupies several national and international positions and occupies an enviable position on the list of South African public figures with massive net worths.<\/p>\n

Credited as one of those who contributed immensely toward the growth and development of the business and political sectors, the value of Sexwale’s assets reflects how far he has come in these two major sectors.<\/p>\n

Part of Tokyo Sexwale’s Net Worth Accrued Through His Political Career<\/strong><\/h3>\n

Tokyo Sexwale seriously delved into politics after returning from Robben Island prison, where he spent 13 years behind bars. He was imprisoned in 1977 after he was charged with terrorism and conspiracy to overthrow the government.<\/p>\n

However, before then, he had involved himself with party-related activities, including joining Steve Biko’s Black Consciousness Movement in the late 1960s and the African National Congress’s armed wing, Umkhonto we Sizwe (“spear of the nation”) in the early 1970s.<\/p>\n

He began his political career by serving as head of the public liaison department of the African National Congress Headquarters, after which he was appointed the head of special projects, reporting to the ANC’s military headquarters.<\/p>\n

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As a top member of the ANC then, he was paid for his activities at the party. However, the exact amount he received then was not publicized.\u00a0Tokyo began serving as a member of the executive committee of the ANC in the Pretoria-Witwatersrand-Vereeniging (PWV) region after his election in September 1990.<\/p>\n

The following year, he emerged as the chairperson of the ANC in the PWV region, and he was in that position until his resignation in late 1997.\u00a0Again, the ANC did not publicize how much Sexwale received for his services in the region. However, as it is in most political organizations, he supposedly receives a substantial amount as an executive member.<\/p>\n

Tokyo was elected as the first premier of the new PWV Province (renamed Gauteng Province in December 1994) after the election in April 1994. He left office on 19th January 1998, but his salary as premier was never publicized. Premiers received R2,260,409<\/a> for the 2021 financial year.<\/p>\n

Upon completing his tenure in 1998, the Soweto-born businessman left the political scene for reasons best known to him. However, he reportedly left for unverified reasons such as his strong disagreement with Thabo Mbeki, being exhausted by internal African National Congress intrigues, and more.<\/p>\n

Tokyo, in 2007, emerged as one of the ANC’s 80-member National Executive Committee following his election in December of that year. The ANC pays its employees<\/a> monthly and other top members. However, there is no breakdown of the exact amount they receive, and it’s not clear if their national executive committee members are paid.<\/p>\n

Sexwale’s tenure as South Africa’s Minister of Human Settlements under President Jacob Zuma spanned four years. As published by the wiki, South African ministers of Human Settlement receive R2,211,937 annually as salaries.<\/p>\n

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2day we launching 341 units of the Morgan\u2019s Village III affordable housing project in Mitchell\u2019s Plain, Cape Town; together we can do more!<\/p>\n

— Tokyo Sexwale (@SexwaleTokyo) May 12, 2011<\/a><\/p><\/blockquote>\n