thabo mbeki net worth
How Rich Is Former S.African President?

Thabo Mbeki Net Worth

Thabo Mvuyelwa Mbeki was born in Mbewuleni on the 18th of June 1942. He was named after a leading member of the communist party who was his father’s best friend. He went to Ewing school up to grade 6; and thereafter went to attend school in Queenstown up to 1952.The following year, he went to school at the Davies Senior Higher Primary School. He developed a passion for reading and music from an early age.

thabo mbeki net worth

Mbeki was an anti-apartheid supporter and experienced his first displeasure with politics when he and a friend of his wanted to join ANC but were told they were too young to join. In April 1994, South Africa conducted its first democratic election where Mbeki was chosen by Mandela to be the first deputy president. He became the second President of South Africa in 1999 and served two terms. He was plagued by controversies during his term among them the German Frigate Consortium (GFC). GFC won the tender to supply the Navy of South Africa with four new ships, It was discovered that a bribe of R130-million had been paid to a senior South African politician and Mbeki had played a role in determining who was to be awarded the contract.

thabo mbeki

Mbeki also had begun a controversy when he believed that pharmaceutical companies had exaggerated the link between HIV and AIDS to increase sales of drugs, and had also concealed the toxic side effects of ARVs. He then decided to withhold the distribution of anti-retroviral (ARV) drugs to public hospitals. A move that is thought to have cost thousands of South Africans their life. Mbeki’s downfall came in 2005 when he dismissed Jacob Zuma of his duties as deputy president due to his association in a corruption scandal. This move caused a split in the ANC between Mbeki’s allies and supporters of Zuma. His net worth is not documented but it can be save to say it would be north of $100 Million.

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