Kaizer Motaung Net Worth 2023: Former South African association football player Dr. Kaizer Motaung Snr. is the founder and chairman of the Kaizer Chiefs FC. He went by the name “Chincha Guluva.”
Kaizer Motaung Early Life
Motaung, who was up in Soweto’s Orlando East neighborhood, made his professional soccer debut at the age of 16 with the Orlando Pirates FC.
His career in international soccer began in 1968 when former West Ham United player Phil Woosnam, the manager of the Atlanta Chiefs squad in the then-newly established North American Soccer League (NASL), and Atlanta Chiefs founder and owner Dick Cecil signed Motaung following team trials in Zambia.
Kaizer Motaung is one of the wealthiest PSL team owners with a net worth of $60 million, or 869 million South African Rand. He is the founder of the Kaizer Chiefs Football Club and a former association football player from South Africa. The second-richest football club in the PSL (Premier Soccer League) 2021 is Kaizer Chiefs, which greatly contributes to his amazing net worth.
In addition to playing football, Kaizer Motaung has other ventures and companies through which he succeeds. His fame was derived not only from his accomplishments on the world scene but also from his role in the founding of South African football.
Before he retired from active involvement in football games, the football great became a global phenomenon by winning over millions of fans with his prodigious finishing and work ethic. Let’s examine all of his sources of income and how he was able to accumulate his money.
Tracing Motaung Humble Beginning of Greatness
He was born on October 16, 1944, in the Soweto neighborhood of Johannesburg, Gauteng, South Africa. He was raised there. When Kaizer joined the Orlando Pirate football team at the age of 16, he began his first professional career. He played there for eight years, from 1960 to 1968, before being drafted into international soccer after several team trials in Zambia.
In a favorable matchup against Manchester City, Kaizer made his North American debut for the Atlanta Chiefs as a substitute. Despite his struggles with North American weather and the numerous ailments he endured, Kaizer made every effort to finish the season as the league’s leading scorer. Throughout the season, he performed admirably, netting sixteen goals in fifteen different games. He received the Rookie of the Year award thanks to his football prowess and accomplishments.
After spending two seasons with the Denver Dynamos, Kaizer ended his remarkable football career in 1975. After going back home, he established his own professional football team.
Kaizer Motaung Net Worth Income Source
The seasoned football player chose to create his own football team in 1970 after becoming an expert in football business. Kaizer Chiefs was subsequently created, and the name was drawn from his initial name and that of his old football team, the Atlanta Chiefs. Kaizer was reportedly given $1 million to stay with the Atlanta Chiefs, but he turned it down and insisted on returning to South Africa to launch his own team.
It’s surely not an easy task to start a football team, but Kaizer Motaung managed to succeed. He was successful in assembling a number of seasoned football players as well as gifted youngsters who quickly came together to build a potent squad and garner a sizable fan base.
Today, the club has become one of the biggest and successful football sides in the country, winning over 78 trophies with 12 league titles to its name, and gaining an estimated fourteen million supporters throughout the country.
Kaizer Motaung Owns 100% Stake At Kaizer Chiefs
From inception, Kaizer has been the sole share owner of Kaizer Chiefs but some time in 1997, he lost control of over 40% of his stake when Primedia, a media and entertainment group reportedly bought the club with R40 million. However, this did not last so long before Kaizer got back control of his club which rumors had that he spent R70 million to acquire back. Be it as it may, the club remains the most recognized source of Kaizer Motaung’s net worth.
Is Motaung The Richest PSL Club Boss?
The fact that Kaizer Motaung is a tremendously wealthy man doesn’t need to be emphasized again. He is among the top 5 PSL bosses despite not being the wealthiest. Numerous successful businesspeople are included on the list, including Johann Rupert, the owner of Stellenbosch. With a net worth of $5.8 billion, Rupert stands out as the PSL team owner with the highest wealth.
Patrice Motsepe, a billionaire with a net worth of $2.9 billion, comes in second on the list behind Rupert. He is the only founder of Rainbow Minerals and a board member of Harmony Gold, the largest mining firm in the world. He is a South African mining expert. Owner of the soccer team Mamelodi Sundowns is Motsepe.
Irvin Khoza, the owner of Orlando Pirates comes third on the list with a net worth of $100 million, and Kaizer Motaung with his $60 million net worth is the fourth richest PSL boss.
Besides His Club, The Football Icon Has Multiple Sources of Income
As much as it is apparent that a larger part of his wealth comes from Kaizer Chiefs, the South African millionaire has delved into many other business endeavors through which he carves a niche for himself. According to reports, Kaizer Chiefs is worth an estimated R1 billion and Kaizer Motaung has been involved in more than 30 companies with 14 of them still active.
He founded one of his remunerative businesses, Kaimot investment, an asset management company in 1997. The company which makes provisions for corporate, institutional, and individual financial assets currently has over 34 active employees and generates more than $4.9 million per annum which is equal to R71.8 million.
Kaizer Investment Holdings Limited
In February 1996, the expert businessman made another stride. He founded Kaizer investment holdings company which is also into finance management. While the exact amount he makes from the company is not known, Kaizer Investment Holdings has grown so big to become one of his most famous companies and is best described as the money generating machine.
Kaizer Motaung’s Other Active Businesses
- KMS Marketing and Promotions
- Kaizer Chiefs Telecoms
- Chiefs Village
- Kaizer Chiefs Publishing
- Connectivity Partners
Some of His Businesses That Are No Longer Active
- Amakhosi Stadium
- The 2010 South African Bid Company
- ZOK Cellular
He Lives In A Mansion With Assorted Cars In His Garage
With a net worth in the hundreds of millions of dollars, Kaizer Motaung can easily afford the lifestyle of his choice, as seen by the respectable set of wheels he drives. Even while it is known that he has a home in Naturena, its value is unknown. His Mercedes Benz CL500, which is worth R1.12 million, is one of his flashier vehicles. He has been photographed driving it quite a bit, thus it may be one of his favorite vehicles.
Kaizer is not known to own as many automobiles as many would presumably imagine, despite the fact that the names and models of his other cars are not made public.
Reports also have it that has been in a long time deal with Toyota which has supplied over 20 automobiles to his club, Kaizer Chiefs.
Kaizer Motaung Net Worth 2023
As at 2023, Kaizer Motaung net worth is estimated at around $60 million which is approximately ZAR 744 million South African Rands. His main source of income is from his football career and club ownership.
Motaung successful career has earned him some luxurious lifestyles and some fancy cars. He is one of the richest football club owners in South Africa. However, he was appointed a member of South Africa’s Order of Ikhamanga, Silver class.
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