4 expensive things Julius Malema spends his millions on
Julius Sello Malema is a South African politician and activist who is a Member of Parliament and the President and Commander-in-Chief of the Economic Freedom Fighters, a South African political party, which he founded in July 2013.
Julius Malema’s salary as a member of parliament is R101, 885 (US$6,500) per month.
Julius has an estimated Net Worth ranging between $1 million and $5 million dollars (Approx) as of 2020. This includes his Assets, Money, and Income. His primary source of income is his career as a Politician. Through his various sources of income, Malema has been able to accumulate a good fortune but prefers to lead a modest lifestyle.
1. Breitling Watch
Is Breitling a good watch? Yes. An excellent watch. There is a direct correlation though between the value of a brand, the recognition of a brand and the resale value.
Brands like Breitling utilize premium materials to develop their timepieces. These materials are levels above what an average timepiece usually employs. Breitling is known to incorporate materials such as 316L antimagnetic stainless-steel alloy and grade 2 titanium in some of its watch models.
Breitling Avenger Hurricane Men’s Sport Watch is worth R 84,900.00 — R 169,000.00.
2. Security Guards
His bodyguards earn almost R5000 per week and R30 000 to R60 000 per month.
The average hourly wage (pay per hour) in South Africa is 54 ZAR. This means that the average Security Guard in South Africa earns approximately 54 ZAR for every worked hour.
3. Julius-Malema’s house in Limpopo
Julius owns a mansion ko Limpopo Ga-Masemole. WOW that’s a very nice house. Anyway with hard work determination I believe that anyone can own it. Julius did not even have to think about hard work, all he had to do was to follow Jay-Z and open his big mouth, walllah that was it. I also want to be close to the top dogs.
Now this is really funny. The guy built a room for his car, not a garage people, a room upstairs for his range rover sport.
Malema has been driving the Range Rover (registration ZBM 223 GP) for several months already.
Johannesburg – ANC Youth League president Julius Malema has been roaring around in a R1.2m car – thanks to the generous boss of a construction company which has scored more than R200m in state contracts in Malema’s powerbase province of Limpopo.
And the man who gave him the luxury Range Rover, MPPJ Property Development boss Matome Hlabioa, boasted this week that he had given the high-living youth league leader other fancy cars before.
He once hired a private jet at a cost of R100 000 excluding accommodation costs of their vacation.
He spends more than R27 000 on his clothes. He also wears Gucci and Luis Vuitton
More information about Julia Malema
While he has been seen driving a fleet of cars from a C63 Mercedes-Benz AMG, to an Aston Martin and a Range Rover, none of them is registered in his name. The only car registered in his name is a 2005 Audi A4.
Malema, the son of a former domestic worker, matriculated in 2001. Now, as co-owner of SGL, Malema is worth millions.
One of Malema’s businesses, a small engineering firm, has profited from more than R130-million worth of tenders in just two years.
Malema’s lavish lifestyle – from his luxury homes, Gucci suits, Breitling watches and parties where his guests are served R700 bottles of whisky and Moët&Chandon champagne – flies in the face of a politician who claims to earn a “middle income” salary.