It's been a rough year for the politician, but at least he has his millions of dollars to ease the pain. 72-year-old Jacob Zuma has taken the No. 1 spot on People With Money’s top 10 highest-paid politicians for 2014 with an estimated $75 million in combined earnings.
UPDATE 21/04/2014 : This story seems to be false. (read more)
Jacob Zuma tops annual list of highest-paid politicians
In 2011 it looked like the politician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (April 20) that Zuma is the highest-paid politician in the world, pulling in an astonishing $75 million between March 2013 and March 2014, a nearly $40 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The South African politician has an estimated net worth of $215 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Zuma Burger” chain) in Pretoria, a Football Team (the “Nkandla Angels”), has launched his own brand of Vodka (Pure Wonderzuma - South Africa), and is tackling the juniors market with a top-selling perfume (With Love from Jacob) and a fashion line called “Jacob Zuma Seduction”.
The ranking is significant for many Jacob fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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