What is Tokyo Sexwale net worth 2024?
Tokyo Sexwale is a South African Politician and Businessman who has a net worth of $200 million. He is one of the celebrated politicians in South Africa.
Sexwale was born in the township of Orlando West, in Soweto. His father was a clerk at Johannesburg General Hospital
Tokyo Sexwale Net Worth
Tokyo Sexwale net worth 2024 is valued at $200 million making him one of the richest men in South Africa.
Mosima Gabriel “Tokyo” Sexwale; is a South African businessman, politician, anti-apartheid activist, and former political prisoner. Sexwale for many years was imprisoned on Robben Island for his anti-apartheid activities, alongside figures such as Nelson Mandela.
Early Life
Tokyo Sexwale was born on 5th March, 1953 in the township of Orlando West, in Soweto. His father was a clerk at Johannesburg General Hospital and had fought against the Germans in World War II.
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Sexwale gaduated from the Orlando West High school.
In 1975, Sexwale went into exile while undergoing miltary officer’s training in Soviet union .
in 1976 he was arrested and convicted of terrorism and conspiracy to overthrow the government. In 1977, Sexwale was sent to the Robben Island maximum-security prison to serve an 18-year sentence.
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While imprisoned at Robben Island, he studied for a BCom degree at the University of South Africa. Sexwale was released in June 1990 under the terms of the Groote Schuur Agreement between the National Party government and the African National Congress
Business Career
After his retirement from politics, Sexwale ventured into business. He founded a mining company called Mvelaphanda Holdings. He is the current executive chairman of the company.
Sexwale’s Mvelphanda Holdings and Walter Hennig’s Palladino Holdings have entered into a partnership with US investment fund managers Och-Ziff Capital Management in African Global Capital, a natural resources investment fund focussing on the continent.
Sexwale’s company Mvelphanda collaborated with two other companies ; OZ management and Palladino Holdings to found a joint venture, Africa Management Limited established African Global Capital, as a vehicle for investment in both the private and public markets across Africa, focusing on natural resources and related opportunities
Tokyo Sexwale Net Worth
Tokyo Sexwale net worth 2024 is valued at $200 million making him one of the richest men in South Africa.
Sexwale’s nickname of “Tokyo” is derived from his involvement with the sport of karate as a youth
Sexwale has two children by a first wife, and two children by his second wife, Judy van Vuuren, a paralegal he met on Robben Island prison. Following his financial success, he moved into the previously predominantly white suburb of Illovo with his family.
In 2011, Sexwale was involved in a controversial business deal to invest in mining sector in the republic of Guinea. It was reported that a loan of $25 million USD was paid to the Guinean government to finance the start-up of a new Guinean state mining company. However, according to investigations, the money never reflected in the account of the Guinean government.
Source: Glusea