Mike Nkuna Biography: Net Worth, Wikipedia, Wife, Malls, House, Cars, Sons, Age, Ethnicity

Michael Khazamula Nkuna, more commonly known as Mike Nkuna, is a prominent South African businessman. He is the founder of the Masingita Group of Companies, established in the late 1970s.

Nkuna has made significant contributions to property development, particularly in previously disadvantaged areas of South Africa. Under his leadership, the Masingita Group has grown to own over twelve shopping malls across the country.

Profile

• Full Name: Michael Khazamula Nkuna
• Stage Name: Mike Nkuna
• Born: 1960s
• Age: 60s
• Birthplace: Xitlhelani, Limpopo, South Africa
• Nationality: South African
• Occupation: South African Businessman
• Height: Unknown
• Parents: Mr. and Mrs. Nkuna
• Siblings: Unknown
• Spouse: Thandi Nkuna
• Children: Esley Hangi (deceased) and Lesley Bumba
• Relationship: Married
• Net Worth: R1 billion to R2 billion ($60 million to $120 million)

Early Life And Education

Michael Khazamula Nkuna was born in the early 1960s in Xitlhelani, a rural village in Limpopo, South Africa. He grew up in a humble family, assisting his father in a butchery and herding cattle. His exact date of birth remains unknown, and details about siblings are not publicly available.

Despite his modest upbringing, Nkuna achieved academic and professional success. In October 2024, he was awarded a Doctor of Philosophy (Honoris Causa) in Business Management by the University of South Africa (Unisa) in recognition of his contributions to real estate development in rural and township areas.

He has also received honorary doctorates from the University of Johannesburg (2021) and Tshwane University of Technology (2022). Nkuna is of Tsonga ethnicity and practises Christianity.

Career

Mike Nkuna began his entrepreneurial journey by working in his father’s butchery. After three years, he left to start a construction company, leveraging subsidies available to black residents under the apartheid regime. Through his success in property development, Nkuna became a millionaire and founded the Masingita Group of Companies in the 1970s.

His breakthrough came in 1983 when the Soweto municipality sold him a plot of land for R100,000. As the chairman and founder of Masingita Property Investment Holdings, Nkuna has developed over 12 shopping malls, including:

• Jabulani Mall
• Bara Mall
• Masingita Towers

Nkuna is also involved in other ventures, holding director and shareholder positions in companies like AuctionInc (Pty) Ltd, Sindawonye Granulators and Processors, and Marble Group. He co-owns the Marble Gold Motor Group, the first 100% black-owned motor dealer group in the Volkswagen South Africa network.

Currently, he is leading the development of Nkuna City, a smart city project in Limpopo with a R5 billion investment aimed at boosting local economies.

Nkuna has also had a brief political career, serving as the chairman of the Free Market Foundation in 2012 before joining the Democratic Alliance (DA) in 2014. He became the first non-ANC mayor of Johannesburg in 2016, serving until 2019. Nkuna is also an author, with his book Black Like You (2012) reflecting his life experiences.

Social Media

• Instagram handle: @michael_nkuna50

Personal Life

Mike Nkuna is married to Thandi Nkuna, who is actively involved in community initiatives and charitable causes. The couple has two children: Esley Hangi, who passed away on September 19, 2022, and Lesley Bumba. The loss of Esley deeply affected the family.

Net Worth

Mike Nkuna has an estimated net worth between R1 billion and R2 billion ($60 million to $120 million). His wealth comes primarily from property development and retail ventures, including multiple shopping malls and filling stations across South Africa.