Born in a small town in Botshabelo in Free State, South Africa, Fikile Mbalula is a known politician in South Africa and currently serves as the Minister of Transport in the National Assembly. He is actively involved in the political processes of the country and makes a lot of decisions in the respective departments. Despite his low profile, the politician has recently entered the limelight for his financial scandals.
Want to know more about these scandals and his earnings? Here is a complete guide on Fikile Mbalula’s salary, net worth, income, assets, and property scandals. So, keep on reading to know more.
Fikile Mbalula Income Details
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Fikile Mbalula is the current Minister of Transport and enjoys a considerable salary from his political career. He holds a reputable position in the office and has an approximate salary of around R258,833, though this value is contested because of his property scandals and is currently undergoing investigation.
Though the accusations have been denied and proven wrong again and again in the media, the final verdict of his case is still pending, which is why his current salary is under review. Aside from the salary, the politician is expected to earn through side businesses and assets. He also enjoys a significant amount of his political affiliations.
Fikile Mbalula South African Politician Net Worth
Fikile Mbalula is opposite to traditional South African politicians, given his private lifestyle and his choice to be discreet about his finances. Though he has been a part of multiple scandals, the minister is not a part of the public eye for a long time. If you want to know more about his net worth, keep on reading this guide.
Approximately, Fikile Mbalula has an estimated net worth of R93,982,750, though a lot of people are contested on this issue. A large part of his net worth is accredited to his political career, including Minister of Police, Deputy Minister of Police, Minister of Transport, and Minister of Sport and Recreation. Similarly, their net worth has increased significantly since he held a minister position in the National Assembly, with approximately R2.47 million every year.
Sources of Income
According to SASSA Loans News, Fikile Mbalula has his political career and government positions as the only source of income, though he runs some small-scale businesses with partnerships. As an extension of his political income, the politician also earns significantly from conferences, public speaking, social media presence, and guest appearances.
In 2017, the South African politician Fikile Mbalula was alleged to have sponsored his family trip with public funds money. The investigation for the case is still ongoing and needs the final decision, which is why he is currently receiving only a fraction of the original salary for the time being. Along with this, the politician is also a part of other property and affair scandals.
Fikile Mbalula Income Assets | Expensive Things Owned by the Player
Fikile Mbalula has lived a private life and has been discreet about his income assets, which is why most people are unaware of his personal finances. Although the politician has built a considerable net worth profile, there are no reports about him owning assets other than his luxury house at Bryanston Johannesburg and some luxury cars.
Where does Fikile Mbalula come from?
Fikile Mbalula was born and brought up in Free State, South Africa. He also spends most of his time in the state.
How much does Fikile Mbalula earn on a monthly basis?
The monthly salary of Fikile Mbalula is contested due to undergoing an investigation regarding financial scandals. That said, he is expected to earn around R258,833 per month.
What is Fikile Mbalula’s net worth?
According to Business Insider, Fikile Mbalula’s net worth is estimated to be R93,982,750.
Who is the current minister of transport in South Africa?
Fikile Mbalula is the current minister of transport in South Africa.
Is Fikile Mbalula married?
Yes, he is married to Nozuko Mbalula.
Finally, Fikile Mbalula is a prominent personality in South Africa, popular for his contributions to the political processes, private lifestyle, and public speaking skills. The politician is currently married and enjoys a lavish life with wife and children in their mansion. However, recently, the player has not been doing well in terms of his finances due to legal battles regarding public funds and misuse of power.
I hope this guide has been successful in giving you a sneak peek into Fikile Mbalula’s salary and financial condition.
Article Modified on October 28, 2023. The data in this article is written and collected by multiple authors. Learn how we research on About Us.