Phuthuma Nhleko biography, age, wife, education, net worth, house & company

Phuthuma Nhleko (born 7 April 1960 in Gauteng) is a South African businessperson. He is a well know wealthy business executive the country has produced.

He co-founded Pembani Group Proprietary Limited and occupied other notable positions in the country. Phuthuma was the executive chairperson of MTN Group.

Profile

Phuthuma Nhleko biography
Phuthuma Nhleko. image: Mail & Guardian.
NamePhuthuma Nhleko
Born7 April 1960 (age 7 April 1960)
Gauteng, Johannesburg
GenderFemale
NationalitySouth African
EducationCivil engineering
Finance MBA
Alma materOhio State University
Atlantic University.
WifeNontokozo nee Sibiya
Children4
ProfessionBusinessperson

Background

He was born Phuthuma Nhleko on 7 April 1960 in Gauteng. He had his academic pursuit at St Mark’s High School, Swaziland. 

Furthering his education, he enrolled for a degree in civil engineering in 1983 at the Ohio State University.

Nhleko also holds a finance MBA from Atlantic University (1987). He founded the Pembani Remgro Infrastructure Managers (Pty) Ltd.

His leadership credits include chairperson at AfriSam (South Africa) Pty Ltd. He also occupied the position of non-executive chairman at Pembani Group (Pty) Ltd.

Wife

He is married to Nontokozo nee Sibiya. The couple exchanged their marital vows in August 1989. Their union is blessed with four children, 3 daughters, Nonkululeko, Nosipho, Fikile, and 1 son, Mpumelelo.

Net worth

The business heavyweight has an estimated net worth of around $120 million. This earns him a space on the list of the richest men in South Africa.

House

The businessman house is worth $162 million.

Pambani Group

In 1994, Phuthuma Nhleko, Max Maisela (late), and others became the founders of Pembani Group Proprietary Limited. The investment holding company has its focus on energy, resources, and mining. The headquarters stands in Sandton, Gauteng.

Salary

He earned a salary of R72.2 million (2016) as the executive chairman of the MTN Group. He served under the position of the executive chairperson of the group for a decade (2006-2016).

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