Tokyo Sexwale Net Worth: A Remarkable Politician

Tokyo Sexwale is a renowned South African politician, businessman, and philanthropist. He has been a prominent figure in the country’s political and business spheres for several decades. Sexwale’s life is an embodiment of hard work and dedication, which has earned him numerous accolades and recognition worldwide. This article discusses Tokyo Sexwale Net Worth, early years, career, personal life, controversies, awards and achievements.

Tokyo Sexwale Net Worth

Early Years

Tokyo Sexwale was born on March 5, 1953, in Soweto, South Africa. His real name is Mosima Gabriel Sexwale, but he later changed it to Tokyo. Tokyo Sexwale grew up in a family of six children. His father, Frank Sexwale, was a World War II veteran. He grew up in poverty and experienced the brutality of the apartheid regime, which left a lasting impression on him. He graduated from Orlando High School in 1973.

Career

His journey began in the late 1960s when he joined Steve Biko’s Black Consciousness Movement, quickly rising to prominence within the South African Students’ Movement. As the struggle against apartheid intensified, Sexwale transitioned to armed resistance, joining the African National Congress’s military wing, Umkhonto we Sizwe, and receiving military training in the Soviet Union.

However, his path took a drastic turn in 1976 when he was captured and subsequently convicted of terrorism and conspiracy after a clash with security forces. Sentenced to 18 years in Robben Island prison, he spent 13 years behind bars, using his time to pursue education and form a meaningful relationship with paralegal Judy van Vuuren, whom he later married.

Upon his release in 1990, Sexwale reentered the political arena, dedicating himself to various roles within the African National Congress. His leadership skills were recognized when he was elected as the inaugural premier of the newly formed PWV Province, later renamed Gauteng Province. In this capacity, he played a pivotal role in fostering peace in volatile regions, leaving an indelible mark on South Africa’s political landscape.

1998-present

However, in 1998, Sexwale made a surprising move by transitioning to the corporate sector, sparking speculation about his motivations. While some cited disagreements with prominent figures like Thabo Mbeki, others pointed to promising business opportunities. Despite this shift, Sexwale’s influence within the ANC remained palpable, with many speculating about his potential leadership role.

True to expectations, Sexwale continued to make significant contributions to South African politics, earning a seat on the ANC’s National Executive Committee and later being appointed as Minister of Human Settlements by President Jacob Zuma in 2009. Through his unwavering dedication and leadership, Sexwale left an enduring legacy, shaping the trajectory of South African society for generations to come.

Other Ventures

After leaving public service, Tokyo Sexwale ventured into the business world by founding Mvelaphanda Holdings, which focuses on mining, energy, and related sectors. His company, Mvelaphanda Resources, is involved in oil and diamond mining, holding concessions in Africa and Russia. Sexwale’s collaboration with the Eurasian National Resources Corporation in Guinea showcases his international business reach, bolstered by his partnership with Guinean President Alpha Condé.

Teaming up with Palladino Holdings and Och-Ziff Capital Management, Sexwale launched African Global Capital to invest in Africa’s natural resources. Despite being nominated for the African National Congress (ANC) Presidential candidacy in 2007, he withdrew his bid to support Jacob Zuma. Later, Sexwale served as Minister of Human Settlements under Zuma’s administration. Although nominated for the Deputy Presidency alongside Kgalema Motlanthe in 2012, Sexwale faced defeat, securing fewer votes compared to Cyril Ramaphosa.

Personal Life

Sexwale has been married three times. He has 2 children with his first wife before he later married his second wife Judy van Vuuren in 1993. Tokyo and Judy had 2 children before their divorce in 2014.

Sexwale got married to his partner Natacha da Silva whom he met in 2013 and dated for 9 years before their marriage in November 2022. The couple had their son Nasima in 2016.

Controversies

In 2001, Tokyo Sexwale, alongside Cyril Ramaphosa and Mathews Phosa, faced accusations of plotting against President Thabo Mbeki. Fortunately, they were eventually cleared of all charges, with the support of Nelson Mandela. However, in 2002, Sexwale encountered a bureaucratic nightmare when he couldn’t attend Gold Fields’ listing on the NYSE due to being erroneously listed on the US global terrorist roster, a bizarre status he shared with other anti-apartheid heroes. It took legal maneuvers and interventions until 2008 for US immigration authorities to grant him a waiver, finally allowing him to enter the country.

Sexwale’s foray into reality TV with The Apprentice South Africa in 2005 didn’t go smoothly, drawing criticism for his decision-making. Additionally, his name surfaced in a UN report on shady transactions under the Oil-for-Food Programme. His business dealings, especially with Gugulethu Tycoon Mzoli Ngcawuzele and Group 5’s participation in Guguletu Square Mall, raised eyebrows and attracted scrutiny.

In 2007, he was accused of corruption and was later acquitted of all charges. He was also implicated in the Panama Papers scandal, which revealed that he had offshore accounts in Bermuda.

In July 2009, Sexwale faced public ire for his handling of community protests, which some labeled as mere publicity stunts. Furthermore, his involvement in a complex mining deal in Guinea came under fire. Allegations swirled about his orchestration of a questionable agreement with the Eurasian Natural Resources Corporation and a loan arrangement with the Guinean government through intermediary firms. Suspicions mounted regarding potential irregularities, including claims of funding President Alpha Condé’s election campaign and alleged payments to Condé’s son. Despite mounting concerns, Sexwale remained tight-lipped on the matter, declining to personally address the allegations.

Awards and Achievements

Tokyo Sexwale’s journey is marked by numerous accolades recognizing his remarkable contributions and impact. Among his notable honors are the prestigious Légion d’honneur from France and honorary doctorates from esteemed institutions like Nottingham Trent University and De Montfort University. His commendable efforts have also earned him recognition with awards such as the Order of the Freedom of Havana in Cuba and the Cross of Valour (Ruby Class) in South Africa. In addition, he has been honored with the Reach and Teach Leadership Award in the United States.

Beyond his accolades, Sexwale plays pivotal roles in various spheres. He serves as the chancellor of the Vaal University of Technology, demonstrating his commitment to education and academic excellence. Notably, he has been recognized for his service in the military, holding the title of honorary colonel in the South African Air Force and leading the Council for the Support of National Defence, advocating for part-time military service and fostering societal support for military volunteers.

Sexwale’s influence extends globally, as evidenced by his positions in international organizations. He holds key roles such as president of the South African/Russian Business, Technological and Cultural Association, and Vice President of the South African/Japanese Business Forum.

Additionally, he contributes to diplomatic relations by serving as the Honorary Consul General of Finland in South Africa. These diverse roles underscore Sexwale’s profound impact on both local and global stages, showcasing his dedication to advancing various sectors and promoting collaboration across borders.

Frequently Asked Questions About Tokyo Sexwale

1. Who is Tokyo Sexwale?

Sexwale is a South African businessman, politician, and philanthropist.

2. What is Tokyo Sexwale career?

Sexwale is a  businessman, and politician.

3. How did Tokyo Sexwale get his start in business?

Sexwale got his start in business as a mine worker, and eventually worked his way up to become one of the richest men in South Africa.

4. What companies has Tokyo Sexwale founded?

Sexwale has founded Mvelaphanda Holdings, which became one of the largest black-owned companies in South Africa.

5. What political party does Tokyo Sexwale belong to?

Sexwale is a member of the African National Congress (ANC), the ruling political party in South Africa.

6. What political positions has Tokyo Sexwale held?

Sexwale has held a number of political positions, including Minister of Human Settlements and Chairman of the World Diamond Council.

7. What philanthropic work has Tokyo Sexwale done?

Sexwale has done a great deal of philanthropic work, including founding the Sexwale Foundation, which provides education and healthcare to underprivileged South Africans.

8. What awards has Tokyo Sexwale received?

Sexwale has received awards including the South African Presidential Award for his contribution to the anti-apartheid struggle.

9. What is Tokyo Sexwale’s net worth?

Tokyo Sexwale’s net worth is around $200 million.

10. What is Tokyo Sexwale’s educational background?

He attended Orlando West High School, University of Eswatini, University of South Africa, and National University of Lesotho.

11. What challenges has Tokyo Sexwale faced in his career?

Sexwale has faced a number of challenges in his career, including imprisonment for his anti-apartheid activities and accusations of corruption.

12. What is Tokyo Sexwale’s relationship with Nelson Mandela?

Sexwale was a close friend and ally of Nelson Mandela, and played a key role in the anti-apartheid struggle alongside him.

Conclusion

Tokyo Sexwale is a remarkable individual who has made significant contributions to South Africa’s political and business spheres. He has persevered and achieved great success. His dedication to philanthropy and charitable causes is an inspiration to many.