Kings of local soccer: Mzansi's 5 richest football club owners

Kings of local soccer: Mzansi's 5 richest football club owners

It could be said that these 5 men make South African football tick. Briefly.co.za reviews the 5 wealthiest club owners in Mzansi.

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5. Khulu Sibiya (SuperSport)

The M-Net chairman is known for his direct and honest approach.

Sibiya has amassed a fortune in the region of $10 million.

4. Kaizer Motuang (Kaizer Chiefs)

The legendary Kaizer Motaung made a name for himself in South Africa as a football player, who eventually played in the USA.

In 1970, he founded Kaizer Chiefs and has moulded them into one of the Soweto giants.

Mzansi Diaries reported that Motaung sold a 40% stake in the club to Primedia for an estimated R40 million.

Motaung then reportedly came up with R70 million when he bought the shares back in 2010.

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3. Brian Joffe (Bidvest Wits)

Joffe has a reported net worth of $15 million and served as the CEO of Bidvest Group Limited.

He did his articles at an accounting firm after graduating in 1971.

In 1988, Joffe founded Bid Corporation.

Joffe has been in the news of late with reported ties to the CR17 campaign.

2. Irvin Khoza (Orlando Pirates)

Orlando Pirates and Kaizer Chiefs have held a strong rivalry ever since Chiefs’ inception in the 1970s.

The two men at the helm are competing on the wealthiest list as well with Khoza pipping Motaung in this regard.

Khoza initially joined the Buccaneers as secretary back in 1980, but eventually upgraded to owner in 1991.

Aside from guiding the Pirates board, Khoza held pivotal roles within the PSL (Premier Soccer League) and Safa (South African Football Association).

It is believed that Khoza’s fortune is in excess of $22 million.

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1. Patrice Motsepe (Mamelodi Sundowns)

It’s no secret that Motsepe is the richest club owner as he is one of the wealthiest men in the country.

The billionaire made his fortunes in the mining industry and has a net worth estimated to be $2.9 billion according to Mzansi Diaries.

The founder of African Rainbow Minerals acquired Sundowns in 2003 and is well-known for his philanthropy.

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Source: Briefly.co.za

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