$20M
Estimated Net Worth
As of 2024 • high confidence
Financial Breakdown
Asset Distribution
Assets vs Liabilities
Assets
Liabilities
Disclaimer: These financial estimates are based on publicly available information and should be considered approximate. Last updated: 12/29/2025
Biography
Jacob Gedleyihlekisa Zuma is one of the most consequential and polarizing figures in modern South African history. A former anti-apartheid guerrilla, a long-serving member of the African National Congress (ANC), and the fourth democratically elected President of the Republic of South Africa, his life story is deeply intertwined with the nation's struggle for freedom and its turbulent post-apartheid journey. Serving as President from 2009 to 2018, Jacob Zuma's tenure was marked by significant domestic policy initiatives, but ultimately defined by persistent allegations of corruption, scandal, and a dramatic fall from grace that continues to shape the Politics & Government landscape of South Africa today.
Early Life & Education: From Rural Nkandla to Political Activism
Jacob Zuma was born on April 12, 1942, in Nkandla, a rural area in what was then the province of Natal. His early life was characterized by hardship and the absence of formal schooling. Following the death of his father, a policeman, in 1945, Zuma's family faced severe poverty. He spent his childhood moving between Zulu homesteads in Nkandla and the outskirts of Durban, with his mother working as a domestic servant. This deprived him of the opportunity for a conventional education; he received no formal schooling and taught himself to read and write.
His political consciousness was awakened at a young age. Influenced by a family member, he joined the African National Congress in 1959 at the age of 17. As the apartheid regime intensified its repression, banning the ANC in 1960, Zuma's involvement deepened. In 1962, he became an active member of Umkhonto we Sizwe (MK), the ANC's newly formed armed wing, formally entering the struggle as an MK Veteran. His commitment to the liberation movement would soon lead him down a path of sacrifice and imprisonment.
Imprisonment and Exile
In 1963, Jacob Zuma was arrested while attempting to leave the country for military training. He was convicted of conspiring to overthrow the government and sentenced to 10 years' imprisonment on Robben Island, where he served alongside future leaders like Nelson Mandela. After his release in 1973, he worked to rebuild the ANC's underground structures before going into exile in 1975. He spent years in various frontline states, including Swaziland, Mozambique, and Zambia, rising through the ranks of the ANC in exile. He served as the Deputy Chief Representative of the ANC in Mozambique, a role that ended when the government, under pressure from apartheid South Africa, expelled him. He later headed the ANC's intelligence department, a position that solidified his influence within the movement.
Career & Major Achievements: The Political Rise and Presidential Tenure
With the unbanning of the ANC in 1990, Jacob Zuma returned to South Africa and played a key role in the negotiations to end apartheid. His strong connections within the ANC, particularly with the grassroots and its traditionalist factions, propelled his political ascent. He was elected as the ANC's Chairperson in KwaZulu-Natal in 1991 and later as the national Deputy Secretary General.
In the post-apartheid government, Zuma's career progressed steadily:
- 1994-1999: Member of the Executive Committee (MEC) for Economic Affairs and Tourism in the KwaZulu-Natal provincial government.
- 1999-2005: Appointed Deputy President of South Africa under President Thabo Mbeki.
- 2007: Elected President of the ANC at the pivotal Polokwane conference, defeating incumbent Thabo Mbeki.
- 2009: Led the ANC to a national election victory and was inaugurated as the President of the Republic of South Africa on May 9, 2009.
Presidential Policies and Initiatives
As President, Jacob Zuma championed several significant policy frameworks. His administration introduced the National Development Plan (NDP) 2030, a long-term strategic vision for the country. He also oversaw a massive expansion of the social welfare system and public infrastructure projects. His presidency is often credited with advancing a more populist and redistributive agenda compared to his predecessor, emphasizing black economic empowerment and rural development. However, his time in office was increasingly overshadowed by controversy.
Scandal and Legal Challenges
Allegations of corruption plagued Zuma long before his presidency, most notably in the 1999 "Arms Deal" scandal. His presidency saw these controversies multiply, including the multi-million rand security upgrades to his private Nkandla homestead, funded by state money, which he was later ordered to repay. The most defining scandal was his alleged relationship with the Gupta family, a business trio accused of wielding undue influence over cabinet appointments and state contracts—a phenomenon termed "state capture." These allegations led to the establishment of the Judicial Commission of Inquiry into State Capture, chaired by Deputy Chief Justice Raymond Zondo.
Mounting pressure from within the ANC and civil society, following a series of court losses and no-confidence votes, finally led to his resignation on February 14, 2018, at the behest of the ANC leadership. His successor, Cyril Ramaphosa, was sworn in shortly thereafter.
Personal Life, Legacy, and Lasting Impact
Jacob Zuma's personal life has been as public and complex as his political one. A polygamist in accordance with Zulu custom, he has been married six times and is father to a large number of children. He is a proud Zulu traditionalist, often seen in ceremonial attire, and his cultural identity is a cornerstone of his public persona. His rural homestead in Nkandla remains a symbol of both his cultural roots and the controversies of his rule.
The legacy of Jacob Zuma is fiercely contested. To his supporters, he remains "Msholozi," a charismatic man of the people, a steadfast liberation hero who brought a more accessible style of leadership and focused on the poor. To his detractors, his presidency represents a period of eroded state institutions, normalized corruption, and economic stagnation. His legal battles continued post-presidency, culminating in a landmark 15-month sentence for contempt of court in 2021 after he refused to testify before the Zondo Commission. This imprisonment triggered unprecedented civil unrest and looting in KwaZulu-Natal and Gauteng, revealing deep social fractures.
Net Worth & Business Ventures
Estimating the net worth of Jacob Zuma is challenging due to the opaque nature of his finances and the entanglement of personal wealth with political and legal controversies. While never officially classified among South Africa's wealthiest businessmen, his financial interests have been a central focus of corruption investigations. Official declarations of his assets as president were modest, but allegations suggest his wealth and that of his associates grew through lucrative state contracts and alleged corrupt relationships.
His known business ventures have been limited and often linked to his political connections. The most scrutinized aspect is the network of relationships with the Gupta family and other business figures accused of facilitating state capture for mutual benefit. The Zondo Commission report detailed allegations of how this network sought to influence government affairs for financial gain. Consequently, discussions about Zuma's wealth are less about transparent business success and more about the systemic issues of patronage and corruption that defined his era in Politics & Government.
In conclusion, Jacob Zuma's biography is a quintessential South African narrative, spanning the fight against apartheid, the triumph of democracy, and the profound challenges of governance and accountability. As an Ex-President & MK Veteran, his life remains a powerful and divisive symbol of the nation's ongoing struggle to reconcile its past with its future.
Net Worth Analysis
Jacob Zuma is a South African politician who has a net worth of $20 million.
Quick Stats
Related People
Aaron Motsoaledi
LP; Minister of Home Affairs
Abane Ramdane†
FLN Leader & Strategist
Abdalla Hamdok
Ex-Prime Minister
Abdallah Kigoda
Ex-Minister of Natural Resources