Gauteng businessman Edwin Sodi is a popular public figure who has been dominating the headlines for some time now.
The flamboyant tycoon is known for his sleek cars, his alleged association with some of the most beautiful media personalities in the country as well as his seemingly endless scuffles with the law courts.
In case you’ve been wondering exactly how Sodi manages to afford his extravagant lifestyle then here is everything you need about Edwin Sodi’s net worth, his sources of wealth, his corruption scandal as well as a quick look at his house and cars that are worth millions.
What is Edwin Sodi’s net worth?
The exact value of Edwin Sodi’s net worth is currently unavailable although several online sources estimate it at around $300 million.
He has accumulated this incredible wealth from his work as a businessman and a tenderpreneur.
Edwin Sodi’s businesses
Edwin Sodi is the founder and Chief Executive Officer of a company called Blackhead Consulting, which according to its LinkedIn page, is a black-owned and managed consulting company that provides professional services in the engineering and project management environment.
The company which is located in Sandton was founded in 2004. It reportedly made R1 Billion in turnover in the 2014 and 2019 financial years.
Edwin Sodi is also a tenderpreneur, and through his company, he has secured several big deals from the government which together with his businesses have helped grow Edwin Sodi’s net worth.
Edwin Sodi’s corruption scandal
Edwin Sodi’s life has not been short of scandals and one of his biggest scandals yet might be his corruption case that he is still battling in court.
In 2020, Sodi alongside the suspended Secretary-General of ANC- Ace Magashule, former Mangaung mayor Olly Mlamleli and former human settlements head of department Nthimotse Mokhesi were arrested and charged with several crimes including corruption, fraud, and money laundering.
The named parties were allegedly involved in the R255 million Free State Asbestos case. Edwin Sodi won an asbestos roof tender where he was tasked with the assessment of houses with asbestos roofs in the Free State and replacing them. Edwin Sodi in collusion with the above-named accomplices reportedly marked up the numbers and pocketed the difference.
Sodi was released on a R 500,000 bail in the case that was heard at Bloemfontein High Court. In October 2020, several of Edwin Sodi’s luxury cars were seized by the Asset Forfeiture Unit after the court ordered for his assets to be frozen.
Read Also: The Famous Women On Edwin Sodi's Hit List.
Edwin Sodi’s house and cars
Edwin Sodi’s net worth affords him the life that most common folk can only dream of. The businessman reportedly lives in a multi-million mansion in the affluent suburbs of Bryanston.
The controversial businessman also has an appetite for sleek cars and some of his expensive rides that were seized by the state in 2020 include a Ferrari Four F151, Porsche Cayenne, Rolls Royce Ghost, Bentley Continental, and a Mercedes Benz C32 AMG.
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