Phuthuma Nhleko Biography: Age, Wife, House, Net Worth, Family, Book, Salary, Contact Details, Wealth, Wikipedia

Phuthuma Nhleko Biography: Age, Wife, House, Net Worth, Family, Book, Salary, Contact Details, Wealth, Wikipedia

Posted By Princess Tshegofatso

Biography

Freedom Phuthuma Nhleko (born 7th of April 1960), addressed professionally as Phuthuma Nhleko, is a South African businessman who is currently the Executive Chairman of MTN Group.

This company deals with GSM cellular networks.

He is also the chairman and one of the founding members of Worldwide African Investment Holdings.

Worldwide African investment Holding is an interest in petroleum, information technology, and telecommunications.

With his hard work and planning, Phuthuma Nhleko has built the company to a book value of investment of about R3.3 billion Rands.

He has earned his popularity as the executive chairman of MTN Group Ltd from 2006 to 2016.

He played a vital role in the growth of the MTN Group, which is now the largest Holding GSM Cellular Network in Africa.

Phuthuma Nhleko
Phuthuma Nhleko: History, Bio, Photo
Wiki Facts & About Data
Full Name: Freedom Phuthuma Nhleko
Stage Name: Phuthuma Nhleko
Born: 7 April 1960
Age: 61 years old
Place of Birth: Kwa-Thema, Springs, South Africa
Children: Nonkululeko Nhleko, Nosipho Nhleko, Fikile Nhleko, Mpumelelo Nhleko
Nationality: South African
Parents: N/A
Height: N/A
Siblings: N/A
Wife • Spouse: Nontokozo nee Sibiya (m. 1989)
Occupation: Businessman
Net Worth: $120 Million

Early Life

Phuthuma Nhleko was born in Gauteng, South Africa, on April 7, 1960.

He attended St. Marks High School in Swaziland for his secondary school education.

He traveled out to America for his tertiary education at Ohio State University, where he graduated with a bachelor’s degree in civil engineering in 1983.

He got his Finance MBA from Atlantic University in 1987.

Phuthuma Nhleko loves getting involved in a tasking environment which has helped him get ready for necessary challenging life circumstances.

He is not easily discouraged, and he has ever desired to be a businessman without running from the risks involved.

Career

Phuthuma Nhleko’s first job was with the Ohio department of transport, working as a Civil Engineer. He withdrew on the claim that he wanted to study more which brought about his MBA at Atlantic University.

Phuthuma Nhleko was the chairman of MTN Group for ten (10) years, and during his time, MTN Direct expanded their operation from just 5 African countries and moved to twenty-one (21) African Countries and the Middle East.

Apart from heading the MTN Group, Phuthuma Nhleko was also the chairman of the African worldwide investment holding. He stepped down as the Chairman of MTN Group in March 2011.

Phuthuma Nhleko also has a company of his call Arostyle Investments. An essential part of his career is founding Pembani Group Proprietary Limited alongside the late Max Maisela and others in 1994.

He went on and launched Afric Oil in 1995 with Beki Shongwe at the helm of its affairs. According to the end of 2015, Phuthuma Nhleko owned a little over 2 million shares at the group’s annual report.

Personal Life

Phuthuma Nhleko is a very hardworking man who sees family as essential and essential to his success.

He is married to Nontokozo nee Sibiya, and he has a strong belief that his wife is instrumental in his success.

Phuthuma Nhleko has four children (three girls and a boy) namely, Nonkululeko Nhleko, Nosipho Nhleko, Fikile Nhleko, and a handsome son, Mpumelelo Nhleko.

Having a big family responsibility and a very demanding career has not been so easy for him.

Still, he has seen it as a compulsory responsibility to balance the two and constantly attend to them effectively.

He believes that family is essential to a man’s development and success and thus should not be neglected in pursuit of another thing.

Net Worth

Phuthuma Nhleko being the fourth richest man in South Africa is estimated to be worth about $120 million.

It is also essential to add that apart from Phuthuma Nhleko’s businesses and investments worth $120m, his house alone is worth $160 million.



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