A look at Ace Magashule’s cars, mansions, and net worth. He has the plug and the bling too. Undoubtedly, he has been dupped as one of the most influential South African politicians.
However, in the wake of his fame, Mzansi has often tried to connect the dots regarding his private life. He always tries to hide from the public. Who is Ace Magashule?
He is a celebrated South African politician and anti-apartheid activist. Of interest, he was once one of ANC’s bigwigs before he was axed and stripped of his part positions and government appointments.
Before he fell from the glory, he once served as the fifth Premier of the Free State of South Africa. He also served as the Secretary-General of the African National Congress (ANC) until May 2021, when he was suspended.
We can all agree his illustrious career as a politician has offered him many opportunities on a silver platter, from tenders to business opportunities.
Also, being in the inner circle of former president Jacob Zuma has helped Ace Magashule not only wield influence, especially in Free State but also to accumulate wealth.
After we have connected the dots about his lavish life, capped with glitz and glamour thanks to his exotic car fleet and splashing sons, let’s dive into his cars, mansion and net worth.
Ace Magashule’s cars, mansions, and net worth revealed
Like those before him, he has managed to keep his private life under wraps for years. But we have managed to sneak into his life thanks to public appearances and scandals exposing his lavish life and assets.
Ace Magashule reportedly has a taste for expensive vehicles.
Reports say he owns several BMWs, including one of the limited-range X5, which comes with several advanced features and extras.
Apart from that, he also owns a fleet of Mercedes Benzs. And the total value of his Merc fleet is said to be around a whopping R10 million.
A few years ago, he hogged headlines for the wrong reasons when R 80 million cash was discovered in the boot of one of his cars. Reports have it that cars are always flaunted around by his sons Tshepiso, and Thato Magashule are his.
Some close sources even have it that he is the one who runs the show but uses his sons as the face of his business empire because of his involvement in politics.
In 2020, Thato bought himself a new BMW X7 worth about R 2.8 million.
The purchase barely came after he had previously won a tender to supply hand sanitisers to the Free State government.
Ace Magashule’s Mansions
He has several mansions across South Africa. He has often kept their locations private. At some point, it was reported that he was neighbours with the Guptas in Saxonworld suburbs.
However, the rumour mill has it that the mansion was later auctioned off and demolished.
Close sources have it that his resident home is in Parys, Freestate, where he primarily resides at.
Net Worth
He has an estimated net worth of R160 million with assets of R20 million at his disposal. A massive chunk of his net worth came in 2010 when his mistress bought land from the Woodlands Wildlife Estate for R400 only to restrict and sell plots at R6 million each. He is into real estate and construction, too, apart from tenders.