Jacob Zuma Net Worth

Net Worth:$20 Million
Date of Birth: April 12, 1942 (82 years old)
Nationality:South Africa

What is Jacob Zuma’s net worth? How does Jacob Zuma make his money? Below is the current net worth of Jacob Zuma and how Jacob Zuma makes his money.

What is Jacob Zuma’s Net Worth?

Jacob Zuma is a South African politician who has a net worth of $20 million. Jacob Zuma was South Africa’s president from 2009 to 2018. Zuma was also the African National Congress’s President. Zuma served as Deputy President of South Africa from 1999 to 2005.

Early Life

Jacob Zuma was born in Nkandla, Natal Province, South Africa, on April 12, 1942. Nobhekisisa, his father, was a cop, and Geinamazwi, his mother, was a domestic servant. He grew up in a household of three brothers and one sister. Zuma’s family relocated frequently when he was a child, and he did not receive any formal education. He was passionate about politics from a young age and started anti-apartheid activities, joining the African National Congress (ANC) in 1959 at the age of 17.

He was connected to a variety of other anti-apartheid factions and movements after the ANC was banned in the country until he was imprisoned in 1962 for plotting to topple the apartheid government. He was sentenced to ten years in prison, which he did serve on Robben Island alongside Nelson Mandela.

Apprehension and Scandal

Jacob Zuma’s political legacy has been tainted by scandal. He was charged and found innocent of sexual assault in 2005, and the National Prosecuting Authority chose to drop corruption and racketeering charges against him in 2009. These allegations emanated from his financial advisor’s conviction on fraud and corruption charges.

During his regime, government agents claimed that tens of billions of dollars in state funds were stolen.

Jacob was apprehended in June 2021 and sentenced to 15 months in prison.

Political Career

Zuma was one of the first ANC leaders to return to South Africa after the ANC was de-banned in February 1990. The ANC won the presidency in the 1994 presidential election, and Nelson Mandela was elected President. Zuma was appointed to the Executive Council for Economic Affairs in Tourism in his native village of KwaZulu-Natal.

Zuma was appointed Deputy President of the ANC at the party’s 50th National Conference in Mafikeng in 1997.

In 1999, he was appointed as South Africa’s Deputy President, and  Thabo Mbeki was the President of South Africa during that time. Zuma played a critical role as the chief mediator in the Burundi peace negotiations.

Zuma was quickly called out for corrupt behavior. Despite being re-elected in the 2004 general election, President Mbeki eliminated Zuma from office due to corruption allegations. However, the charges against him were eventually dismissed by the South African High Court. Zuma was soon charged with raping a 31-year-old woman. Zuma acknowledged that he had unprotected sex with her and that it was mutually accepted regardless of the fact that he knew that she was HIV positive. In October 2008, Zuma was acquitted of the rape charges.

Regardless of the backlash, Zuma remained a recognizable personality in South Africa. Some of his followers believed that his dismissal from public office and the charges leveled against him were the result of a political conspiracy. His supporters frequently flocked outside the courts where Zuma was on trial and stayed vehemently supportive of him.

Zuma’s supporters’ backup was so intense that Zuma was elected as president of the ANC in December 2007, before he had even been found innocent of the rape charges against him. Barely one week later,  Zuma was charged again, this time with fraud, corruption, and racketeering.

In 2009, Zuma was elected president of South Africa by the ANC party. Immediately after he assumed office, he set up the National Planning Commission, which was entrusted with guiding South Africa through its initial economic downturn since the end of apartheid. Although, critics assert that Zuma’s presidency caused South Africa’s public debt because many of his economic policies were not executed properly. Others assert Zuma’s leadership was deeply corrupt, adding to South Africa’s financial woes.

Zuma’s popularity dwindled all through his first term in office. Prior to the 2012 presidential election, there was even an “Anyone but Zuma” campaign. Zuma, on the other hand, was re-elected. Nevertheless, his second term was marred by scandal, during this time, there was an open investigation into how state funds were used to make various renovations to his private residence. Other allegations of corruption eventually led to Zuma’s resignation.

In February 2018, he formally resigned. Regrettably, the various charges against him were not all dismissed, and he spent the next several years in and out of courts of law before being sentenced to 15 months in prison in 2021.

Personal Life

In accordance with traditional Zulu culture, Zuma is a renowned polygamist. He has been married six times and is the father of approximately 20 children.

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