Jacob Zuma Net Worth
Jacob Zuma is a South African politician who has an estimated net worth of $20 million (approximately R290 million). Since he is no longer in office, this net worth may have changed over time. Jacob served as the fourth president of South Africa from 2009 to 2018. According to sources, he also served as the president of the African National Congress (ANC) from 2007 to 2017.
Jacob Zuma’s Early Life and Career
Jacob Gedleyihlekisa Zuma was born on April 12, 1942, in Nkandla, South Africa. He joined the ANC in 1959 and became an active member of the anti-apartheid movement.
Zuma was arrested in 1963 for his activism and was sentenced to 10 years in prison on Robben Island. After his release, he continued to work for the ANC and eventually became the president of South Africa in 2009.
During his reign as the president of South Africa, the country’s experience both positive and negative changes. For instance, he was always accused of embezzling the public funds and using it for his personal interest.
During Zuma’s presidency, South Africa experienced economic growth with the country joining the BRICS Nations, which included Russia, China, India, Brazil, and South Africa.
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What is Zuma’s Sources of Income
Zuma’s primary source of income was his political career. As the president of South Africa, he earned a substantial salary and enjoyed various benefits and allowances. Additionally, Zuma has different business ventures. He has also earned income from speaking engagements and from book deals.
Zuma’s Assets and Investments
Zuma’s net worth of $20 million (approximately R290 million) includes several properties, including his homestead in Nkandla, which has been a subject of controversy and investigation. He also owns other properties in South Africa and abroad and has investments in various businesses.
Jacob’s Controversies and Legal Issues
Right from the onset, Zuma’s financial affairs have been the subject of much controversy and speculation throughout his political career. He has been implicated in numerous corruption scandals, including an arms deal in the late 1990s. In 2021, Zuma was arrested and sentenced to 15 months in prison for failing to testify in a corruption trial.
Frequently Asked Questions about Jacob Zuma’s
What was Jacob Zuma’s occupation before becoming President of South Africa?
Before becoming President of South Africa, Zuma was a politician and an anti-apartheid activist. He served as the Deputy President of South Africa from 1999 to 2005 and was also the President of the African National Congress (ANC) from 2007 to 2017.
How many times was Jacob Zuma married?
JZ has been married six times and has over 20 children.
The names of his wives are as follow:
- Gertrude Sizakele Khumalo
- Nkosazana Dlamini-Zuma
- Thobeka Madiba-Zuma
- Nompumelelo Ntuli-Zuma
- Bongi Ngema-Zuma
- Gloria Bongi Ngema-Zuma.
What was the reason for Jacob Zuma’s imprisonment in 2021?
Jacob Zuma was imprisoned in 2021 for contempt of court after he failed to testify in a corruption trial. He was sentenced to 15 months in prison for defying a court order to appear before the Zondo Commission, which was investigating allegations of state capture and corruption during his presidency.
What is the name of Jacob Zuma’s homestead in Nkandla?
Jacob Zuma’s homestead in Nkandla is called the Kraal. It has been the subject of controversy and investigation due to allegations of corruption and misuse of public funds for its construction and upgrades.
How long did Jacob Zuma serve as President of South Africa?
Jacob served as President of South Africa from May 2009 to February 2018, when he resigned following pressure from his party, the ANC, and widespread protests against his leadership.
Credits: We acknowledge the following sources for the information used in this research article:
- CelebrityNetWorth – Jacob Zuma’s Net worth
- Inquire Salary– Jacob Zuma’s Salary Breakdown
- Full Name & DOB —Wikipedia Profile
- Britannica – Jacob Zuma’s Biography
- Comoney – Jacob Zuma’s Net worth and Salary Breakdown
- Pay wizard– Jacob Zuma’s income and Salary and more