Emmerson Mnangagwa's Net Worth And Detailed Biography

Is he the highest paid president in Africa?

By  | Sep 06, 2022, 07:46 AM  | Top of The

Emmerson Mnangagwa
Emmerson Mnangagwa is the third president of Zimbabwe, a position he has held since November 2017. 

According to a few sources, Mnangagwa is one of the highest paid presidents in Africa, and this has greatly contributed to his wealth.

Here is a look at Emmerson Mnangagwa’s net worth, his early life and education background, his role in anti-colonialism revolution and his ascent to presidency.

What is Emmerson Mnangagwa’s net worth?

According to several sources, Emmerson Mnangagwa’s net worth is estimated to be $10 million. He has accumulated his net worth from his long career in politics and working in government.

Emmerson Mnangagwa’s early life and education

A throwback photo of Emmerson Mnangagwa, source: Povo news

Emmerson Dambudzo Mnangagwa was born on the 15th of September 1942 in the mining town of Shabani in Southern Rhodesia (currently Zimbabwe).

He comes from a big family of the Karanga people and he is the third child in a family of ten. Emmerson Mnangagwa’s parents were politically active farmers. In the late 1940s, his father was made the acting chief of the village.

In 1952, Emmerson’s father- Mafidhi was arrested by white government officials then sent to exile in Northern Rhodesia after his advisors removed a wheel from a white Land Development Officer’s Land Rover in retaliation for confiscation of villagers’ cows.

Mafidhi settled in the town of Mumbwa and in 1955, he sent the rest of the family to live with him in Northern Rhodesia. 

Mnangagwa had started his education at Lundi Primary School in Shabani transferred to Myooye School in Mumbwa once they moved to Northern Rhodesia. He picked up the name Emmerson while in Myooye School to fit in with the rest of his classmates who had three names.

Emmerson joined Mumbwa Boarding School after which he enrolled at Kafue Trade School in Kafue to study a course in building. Two years into the course which was supposed to last for three years, Mnangwangwa left Kafue to join Hodgson Technical College. The college only accepted applicants with O-Levels which he didn’t have but upon taking an entrance exam and performing exceptionally well, he was admitted to Hodgson where he pursued a course in Industrial programme.

While studying at Hodgson, Emmerson who had been inspired by Robert Mugabe became involved in student anti-colonial politics and was elected to the United National Independence Party (UNIP) branch of the college. In 1960 he was expelled from college after being found guilty of setting a building in the institution on fire.

Emmerson Mnangagwa revolutionary politics

In 1962, Mnangagwa joined Zimbabwe African People's Union (ZAPU) as a guerrilla fighter for the party’s military wing Zimbabwe People's Revolutionary Army (ZIPRA) and he was sent to train in Tanganyika (present-day Tanzania) then to Egypt in April 1963.

In August 1963, Mnangagwa defected from ZAPU and joined Robert Mugabe’s Zimbabwe African National Union (ZANU) and recruited to the party’s military wing  Zimbabwe African National Liberation Army (ZANLA).

After receiving his military training overseas, Mnangagwa returned to Rhodesia as a leader of the Crocodile Gang that attacked white-owned farms in the country. 

In 1965, Emmerson was imprisoned for ten years after he was found guilty of bombing a train in  
Fort Victoria (now Masvingo) in late 1964. He was released in 1975 and deported to Zambia.

After a few years in Zambia where he reportedly studied and practiced law, Mnangwagwa moved to Mozambique where he rejoined ZANU. He was assigned as Mugabe’s personal assistant and bodyguard and he accompanied him to London where the Lancaster House Agreement was signed and ultimately led to the independence of the country.

Post-independence career and presidency

President Emmerson Mnangagwa, source: EGTN

After Zimbabwe gained its independence, Mnangagwa who was in Mugabe’s inner circles served in several cabinet positions including the Ministry of National Security, Ministry of Justice, Ministry of Rural Housing, and Minister of Defence.

In December 2014, Mnangagwa was appointed as the first vice president of Zimbabwe. He was dismissed in 2017 and he fled to Mozambique then later to South Africa.

Following the 2017 coup that led to Mugabe’s resignation, Mnangwagwa was nominated as ZANU-PF’s new leader and was sworn in as the president of Zimbabwe on the 24th of November 2017.

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