South Africa is one of the African nations that invest significantly in football. The Premier Soccer League oversees the National First Division and the South African Premier Division and has a streamlined system. The two leagues have challenged the local teams to produce the best results possible. This article includes a list of the richest football club owners in South Africa as of 2023.

In addition to the outcomes they create, a team's wealth is measured by its ability to trade in some of the most competent players. That helps to explain why some teams have won championships and have the finest players in their squads.

Top 15 richest football club owners in South Africa in 2023

Who is the richest owner of PSL teams? Here are the profiles of the top ten wealthiest football club owners in South Africa.

15. Farook Kadodia - $4.7 million

Full name: Farook Kadodia
Date of birth: 3 January 1960
Age: 63 years (as of 2023)
Place of birth: South Africa
Club: Maritzburg United Football Club

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Farook is the chairman of the Maritzburg United Football Club in South Africa. The South African club, which is based in the city of Pietermaritzburg, was founded in 1979 and currently plays in the Premier Soccer League. Farook Kadodia's net worth is alleged to be$ 4.7 million.

14. David Thidiela - $6.1 million

Full name: David Thidiela
Club: Black Leopards F.C

David Thidiela is a South African businessman and the current chairman of the Black Leopards Football Club. Thidiela is a prominent figure in South African football and has been involved in the sport for many years. His club is one of the richest football teams in South Africa. David Thidiela's net worth is alleged to be $6.1 million.

13. Joseph Mapfulagasha - $6.1 million

Full name: Joseph Mapfulagasha
Club: Platinum Stars F.C.

Joseph Mapfulagasha is the current Platinum Stars Football Club owner based in Phokeng near Rustenburg in the North West Province. The club was founded in 1998 and played home games at the Royal Bafokeng Stadium. Joseph is a very private individual; hence it's hard to estimate his net worth, but his club is one of the richest in South Africa, with a net worth estimated at $6.1 million.

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12. Mato Madlala - $6.18 million

top 10 richest football club owners — Owner of Lamontville Golden Arrows Mato Madlala. Photo: @Thami Mshengu (modified by author)
Source: UGC

Full name: Mato Madlala
Date of birth: 23 January
Place of birth: Lamontville, South Durban
Club: Lamontville Golden Arrows F.C.

Mato Madlala is the current acting CEO of the South African Premier Soccer League, a position she has held since November 2015. She is also the owner and chairperson of Lamontville Golden Arrows F.C. Her business interests, including her football club, is a significant source of revenue for her. Mato Madlala's net worth is valued at $6.18 million.

11. Abram Sello $7.5 million

Full name: Abram Sello
Place of birth: South Africa
Club: Tshakhuma Tsha Madzivhandila

Abram Sello is a businessman who owns Tshakhuma Tsha Madzivhandila, a South African football club founded in 2015. The club, which was founded in 2020, plays its home matches at the Thohoyandou Stadium. Abram Sello is among the top 10 richest football club owners, with an estimated net worth of $7.5 million. He paid an estimated $2.8 million for the club.

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10. John Comitis - $8.7 million

biggest team in south africa — Chairman John Comitis of Ajax Cape Town attends a press conference at The Cullinan Hotel in Cape Town, South Africa. Photo: Ziyaad Douglas
Source: Getty Images

Full name: John Comitis
Place of birth: South Africa
Club: Cape Town City

Comitis started his team, Cape Town City, after 14 years of co-owning Ajax Cape Town. After retiring from football, Comitis became a successful businessman and entrepreneur with interests in several industries, including construction, real estate, and entertainment. His net worth is estimated at $8.7 million.

9. Khulu Sibiya - $10 million

Full name: Khulu Sibiya
Date of birth: 15 March 1948
Age: 75 years (as of 2023)
Place of birth: Gauteng, South Africa
Club: SuperSport United FC

Khulu Sibiya is the current chief editor at the City Press since 1996. He is a consultant at RCP Media and owns SuperSport United FC. His net worth is estimated at $10 million.

8. Sandile Zungu - $13 million

Full name: Sandile Zungu
Date of birth: 10 February 1967
Age: 56 years (as of 2023)
Place of birth: Umlazi Township, Durban, South Africa
Club: Amazulu FC

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Sandile Zungu is the chairman of Zungu Investment Company, which deals with minerals and energy. He was promoted to associate in the African Merchant Bank's corporate finance section. He owns Amazulu FC and has a net worth of $13 million.

7. Brian Joffe - $15 million

richest team in psl — Brian Joffe during an interview. Photo: @GbamTV (modified by author)
Source: UGC

Full name: Brian Joffe
Date of birth: 2 June 1947
Age: 75 years (as of 2023)
Place of birth: Johannesburg, South Africa
Club: Bidvest Wits football club

Joffe is the CEO of Bidvest Group Limited, which owns the Bidvest Wits football club. His estimated net worth is $15 million. He has over 30 years of expertise in both domestic and international business.

6. Shauwn Mkhize - $16 million

Full name: Shauwn Mkhize
Date of birth: 6 April 1976
Age: 46 years (as of 2023)
Place of birth: KwaZulu-Natal, South Africa
Club: Royal AM Football Club

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Shauwn Mkhize is a television personality and businesswoman famous for her Mzansi Magic reality television series, Kwa Mam'Mkhize. She is the founder of the construction company Zikhulise Group. She became the president of the Royal AM Football Club in 2019. Shauwn Mkhize's net worth is alleged to be approximately $16 million or R300 million.

5. Jomo Sono - $20 million

stellenbosch fc owner rupert — Jomo Sono visits his former school, Leresche Primary, during the launch of Castrol Skillz Holiday Programme in Orlando, Soweto, South Africa. Photo: Jamie Squire
Source: Getty Images

Full name: Ephraim Matsilele Sono
Date of birth: 17 July 1955
Age: 67 years (as of 2023)
Place of birth: Queenstown, South Africa
Club: Jomo Cosmos F.C.

Jomo Sono is a former South African professional football player and coach and is currently the owner and chairman of Jomo Cosmos Football Club, a professional soccer team based in Johannesburg, South Africa.

Sono has had a successful career in football, having played for various clubs, including Orlando Pirates, New York Cosmos, and Toronto Blizzard. Jomo Sono's net worth is estimated to be $20 million.

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4. Irvin Khoza - $35 million

Who is the richest football club owners in South Africa? — Irvin Khoza, Chairman of the Orlando Pirates during the Orlando Pirates press conference at the Fli Afrika Office in Johannesburg, South Africa. Photo: Samuel Shivambu
Source: Getty Images

Full name: Irvin Khoza
Date of birth: 27 January 1948
Age: 75 years (as of 2023)
Place of birth: Alexandra, South Africa
Club: Orlando Pirates FC

Irvin Khoza served in the 2010 FIFA World Cup Organizing Committee in South Africa. In 1995, Irvin led the South African Orlando Pirates to their first African Champions Cup victory. In the club, he brought stability and sponsors. Orlando Pirates FC is currently one of the biggest team in South Africa with talented players. Khoza is currently one of the richest club owners, with a net worth of $35 million.

3. Kaizer Motaung - $40 million

richest team in south africa — Kaizer Motaung of the Kaizer Chiefs during the Vodacom Challenge match against Manchester United at Newlands Stadium in Cape Town, South Africa. Photo: Touchline
Source: Getty Images

Full name: Kaizer Motaung Snr
Date of birth: 16 October 1944
Age: 78 years (as of 2023)
Place of birth: Soweto, South Africa
Club: Kaizer Chiefs

Motaung, also known as Chincha Guluva, began his soccer career with Orlando Pirates before moving to Atlanta Chiefs in the United States. In 1970, he founded Kaizer Chiefs, of which he is chairman and managing director. Kaizer Motaung is one of the richest football club owners, with a net worth of $40 million.

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2. Patrice Motsepe - $2.7 billion

richest team in africa — Patrice Motsepe, CAF President, delivers his introductory speech during the draw ceremony for the 2022 African Cup of Nations (CAN) in Yaounde, Cameroon. Photo: Daniel Beloumou Olomo
Source: Getty Images

Full name: Patrice Tlhopane Motsepe
Date of birth: 28 January 1962
Age: 61 years (as of 2023)
Place of birth: Ga-Rankuwa, Pretoria, South Africa
Club: Mamelodi Sundowns Football Club

When Motsepe, a mining mogul, first entered the football sector in 2003, he invested 51% of Mamelodi Sundown Football Club's shares. Motsepe later became the club's sole owner and has been instrumental in the club's long-term success. Mamelodi Sundowns Football Club is among the richest team in PSL and the richest team in South Africa. The owner who is Motsepe has a net worth of $2.7 billion.

1. Johann Rupert - $9 billion

richest football club in the world — Johann Rupert plays his second shot on the 15th hole during the first round of the Alfred Dunhill Links Championship at Carnoustie in St Andrews, United Kingdom. Photo: David Cannon
Source: Getty Images

Full name: Johann Peter Rupert
Date of birth: 1 June 1950
Age: 72 years (as of 2023)
Place of birth: Stellenbosch, Cape Province, Union of South Africa
Club: Stellenbosch FC

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Who is the richest football club owners in South Africa? Stellenbosch FC owner Rupert is one of South Africa's richest club owners, whose net worth is $9 billion. He is the chairman of Ramgro, a corporation that invests in industrial mining and financial services. After being attracted to South African football, the business tycoon bought Cape Town-based club Stellenbosch FC in 2016.

Who is the richest club owner in South Africa in 2023?

Below is a summary table of the richest club owners in South Africa.

Rank	Name	Estimated net worth
1	Johann Rupert	$9 billion
2	Patrice Motsepe	$2.7 billion
3	Kaizer Motaung	$40 million
4	Irvin Khoza	$35 million
5	Jomo Sono	$20 million
6	Shauwn Mkhize	$16 million
7	Brian Joffe	$15 million
8	Sandile Zungu	$13 million
9	Khulu Sibiya	$10 million
10	John Comitis	$8.7 million
11	Abram Sello	$7.5 million
12	Mato Madlala	$6.18 million
13	Joseph Mapfulagasha	$6.1 million
14	David Thidiela	$6.1 million
15	Farook Kadodia	$4.7 million

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Which is the richest football club in the world?

Real Madrid is the richest football club in the world, with a net value of $5.1 billion as of 2023. The club's owner and controlling shareholders are the club members. Its annual income is $761 million, and its operating income is $90 million.

Which is the richest team in Africa?

The richest team in Africa is Al Ahly SC which plays in the Egyptian Premier League. It is valued at a whopping €29.55 million.

Who is the richest owner of Premier League teams?

The Saudi Public Investment Fund is the richest Premier League owner. The firm is the financier behind several mega-projects in Saudi Arabia and currently funds Newcastle United F.C. The firm's net worth is estimated to be $600 billion.

The football industry in South Africa has been growing at a remarkable pace in recent years, attracting investors from diverse backgrounds. As evidenced by the rankings of the richest football club owners in South Africa in 2023, these investors have been successful in their endeavours, not only in terms of growing their wealth but also in developing their clubs' infrastructure.

Sportsbrief.com recently published an article about Kenya's richest football club, as well as its accomplishments. Kenya is well-known for producing some of Africa's best footballers, with a long history of success in continental and international competitions.

There has been a surge in investment in the football industry in recent years, with a growing number of clubs attracting both domestic and international investors. This has increased competition among Kenyan football clubs, with clubs vying for the best talent and developing world-class facilities in order to remain competitive.

Authors

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