Kaizer Motaung, the owner of Kaizer Chiefs, has been heavily involved in football administration for years and has been credited for the growth of South African football.
Motaung started his footballing career with Soweto giants Orlando Pirates. However, his unmatched flair saw him attracting several European clubs.
Rise to Fame
Against his newfound fame, he signed for Atlanta Chiefs in the MSL. He had an impressive stint scoring 32 goals in 64 appearances. However, despite being offered a new, improved contract, Kaizer Motaung turned down the offer.
He returned to South Africa and started his club Kaizer Chiefs. Years later, Kaizer Chiefs has fast become one the biggest clubs in Africa.
Contributions to South African Football
In addition to founding Kaizer Chiefs, Motaung also co-founded the South African Premier League (PSL) in 1996 with Irvin Khoza. This helped bring more sponsors and money into South African professional soccer.
Net Worth and Business Ventures
South Africans have tried to connect the dots between Kaizer Motaung’s businesses and net worth. Undoubtedly, he knows how to keep his businesses away from the media. However, his appointments and club spending sprees have often left many to guess his net worth.
Rumour mill has it that he is a billionaire; however, Motaung hasn’t confirmed the alleged news. He has reportedly made a fortune from an impressive business portfolio which includes companies like Kaimot Investments, Kaiser Investment Holdings Limited, KMS Marketing Promotions, Kaizer Chief Telecoms, Kaizer Chief Publishing, Chiefs Village, and Connectivity Partners.
Over the years, he has also repeatedly made a substantial amount from his board sittings across various boards which include National Soccer League, South African Football Association, PSL Board of Governors, SAFA’s executive committee and SA World Cup Bid Committee.
Full Story Source: A Look at the Net Worth of the Kaizer Chiefs Owner