Ace Magashule is a prominent South African politician and anti-apartheid activist who 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.
His many years in a powerful position in the ANC as well as being in the inner circle of former president Jacob Zuma have helped Ace Magashule to not only wield influence, especially in Free State but to also accumulate wealth thanks to the numerous government contracts and tenders.
As a result of the wealth he has created, the former ANC official who has been embroiled in numerous corruption scandals lives quite a comfortable and luxurious life.
Here is a look at some of Ace Magashule’s cars and houses, as well as a quick look at his net worth and sources of wealth.
Read also: What would you do with all this money?
Ace Magashule’s cars
Although he tries to keep a low profile, Ace Magashule reportedly has a taste for expensive vehicles and with the impressive wealth he has accumulated over the years, he can afford to buy them.
Some of the cars that are reportedly owned by Ace Magashule include a BMW X5, and several Mercedes Benzes, just to name a few. A few years ago, R 80 million cash was discovered in the boot of one of Ace Magashule’s cars.
In addition to his luxury cars, Ace Magashule’s sons Tshepiso and Thato Magashule also have a thing for expensive machines.
In 2020, Thato bought himself a brand new BMW X7 worth about R 2 million. His grand purchase stirred a pot of controversy as the source of the money he used to buy the car was questioned especially since he had previously won a tender to supply hand sanitisers to the Free State government.
In response to the inquiry about how he was able to afford the expensive luxury car, the young Magashule who did not want to reveal the sources of his funds claimed that the inquiry was just a malicious ploy to attack his father.
Read also: Take a look at Jacob Zuma’s house and cars.
Ace Magashule’s house
Like his cars, details about Ace Magashule’s house are currently unavailable although several sources indicate that he has several luxury homes in the country and that he mostly resides in Parys, Freestate.
His son Tshepiso Magashule was previously rumoured to be neighbours with the Gupta Family’s mansion in Saxonworld suburbs. He was reportedly evicted from his house which was later auctioned off and later demolished.
Ace Magashule’s net worth and sources of income
The exact value of Ace Magashule’s net worth is currently unavailable to the general public although several sources estimate that his net worth is somewhere between $10 million and $16 million.
He has accumulated this incredible wealth from his long service in the ANC and government where the handsome salary he earned enabled him to invest in assets and profitable businesses.
