The recent alleged money theft and real estate scandal has brought all our attention to the most titillating topic of Julius Malema salary and total net worth. Honestly, you are not to blame here for showing interest in his income sources after Julius was subjected to so much censure relating to money laundering and whatnot. Everyone is curious to know how much the man really earns a year.
Lucky for you, I am about to provide answers to all your questions, even the ones you did not ask specifically. The following article includes Julius Malema’s short biography, his income sources, properties, and his wife. So, if you want further details relating to Julius, keep on reading the following article.
Julius Malema was born on 3 March 1981 in South Africa. He is a politician by career and an activist for the rights of minorities residing in South Africa. He is also the head and founding member of the left-leaning Economic Freedom Fighters party.
Apart from that, he is also an active member of the parliament Youth League’s president in the African National Congress. He has a reputation as a “Reckless Populest” due to the fact that his speeches have the power to bring about revolt.
Salary of Julius Malema
Julius Malema receives a substantially high salary since he is a leader of a minority party. In fact, he is said to receive a salary of R1.6 million. That would mean that he earns approximately R133,000 per month.
However, for a Deputy President, the pay package verges somewhere between R2.9 to R3.5 million per annum. So, it is safe to say that the paycheck of Julius Malema’s is about to get much nigger than he has been receiving before.
Net Worth of Julius Malema
Julius Malema is a super successful and rich politician. His net worth is soaring at this point. In fact, it is increasing day by day with every success in his business ventures and political career. And although we do not know for sure what his actual net worth is since he is so private about the worth of his assets, he is said to have a net worth of about three million dollars.
That would constitute a total net worth of about R45 million. His real net worth could be much higher than that considering how lavish his lifestyle is and how many successful business ventures he has had recently and in the past.
Income Sources of Julius Malema
Julius Malema is a man that has his fingers in all sorts of pies. In simple words, he does not rely on only a single income source. He is as good a businessman as he is a politician.
Salary From His Political Career
The salary he earns from his political career is pretty decent and guarantees a promising and decent lifestyle. However, it is not enough to support the extravagant expenses that Julius is accustomed to. Nevertheless, he earns a monthly salary and yearly bonuses from his active role in the politics of South Africa.
Julius Malema is also known to have made very sound investments in various engineering firms. All these investments and transactions paid off well which significantly contributed to his net worth and overall wealth.
Other than that, Julius also made other business investments that paid off as well. Unfortunately, we do not have much information relating to those business transactions or details of the companies he invested in. But it is safe to say that Julius has a very sharp business acumen for having all his investments pay off so well.
Another alleged source of his income is the trust accounts he runs for minority groups. Now, there is no solid evidence to back this claim but it is believed that Julius stole quite a lot of money from his trust accounts. I know it is a pretty scandalous thing for him to have used those funds for his personal gains but it is what the media reports.
Another off-the-record source of his income is real estate. He is blamed for illegally buying public properties all across South Africa and then reselling it for a much higher price. Again, there is no hard evidence to back this allegation up, but as per some of my sources, it is absolutely true!
Properties of Julius Malema
The main house of his prime residence is in Johannesburg’s Hyde Park neighborhood. It is said to be a land of breathtaking beauty and elegance. However, that is the only land that is really in his name officially. He claims to have no other property in his name anywhere in South Africa.
However, according to various media persons and my own sources, Julius Malema does indeed have many properties all across South Africa. Some of these properties are in his own name and the others are named for his wife. But the important bit is that most of these properties are controversial and have pending court cases regarding their legal ownership rights.
This information is off the record and could easily be false accusations leveled by his political rivals. But there is also a possibility that everything I said is a hundred percent true.
Wife of Julius Malema
Julius Malema got married back in 2014 and his marriage has been going strong since then. In fact, his wife is an equal partner in his political career. She is an accountant by profession and manages all the household work and her husband’s finances all by herself.
In addition to that, she is also a working lady however, details relating to the company she works with are still unknown. In fact, we don’t even know the name of his wife as of this day other than the fact that she is drop-dead gorgeous.
Is it true that Julius Malema stole money out of a trust account?
There is no hard evidence that Julius Malema stole money out of the trust accounts under him; however, the investigation is still underway and it will be only a matter of time before the accusations will either be confirmed or denied. But according to certain professionals and media persons, it is believed that Julius did indeed take money out of the trust account.
How many properties does Julius Malema have?
Julius Malema only has a single property in his name which he has declared to the authorities. However, some other sources claim that Julius does indeed own a whole bunch of properties all across South Africa, and that too in prime locations. But none of these properties have been declared and there is no proof that he has any other property.
Is Julius Malema married?
Yes, Julius Malema is a happily married man who tied the knot of matrimony back in 2013. The name of his wife is not known but it is a widely known fact that she is an accountant who does a job as well as manages Julius’s finances at the same time. She is also reportedly very beautiful and has a significant influence over Julius.
So, this was all from my side and I hope you all enjoyed reading through this highly informative article. I tried my best to provide you with all the latest information that I could gather about Julius Malema through my own intensive research on the guy. So, it is highly relevant and authentic information, feel free to share it with your friends and colleagues who would love to know more about him.
In any case, I would like to conclude this article by answering your original question about his net worth and salary package. So, Julius is a super-rich political leader in South Africa with an annual salary package ranging between R2.9 to R3.5 million. But that is not his only income source, in fact, he has a knack for investing in highly profitable business transactions and real estate.