Welcome to Andomoney! If you’re interested in the fascinating financial world of royalty, then you’ll love learning about King Mswati III Swaziland net worth and how he built his wealth.
As one of the last absolute monarchs, he controls Eswatini’s government, economy, and traditional lands, making him a compelling figure in African royalty.
We’ll dive into the sources behind his fortune, his notable achievements, and the royal lifestyle that has sparked global attention.
Let’s uncover the factors contributing to his finances and what they mean for Eswatini’s people.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Makhosetive Dlamini |
| Popular Name | King Mswati III |
| Gender | Male |
| Birth Date | April 19, 1968 |
| Age | 56 |
| Parents | King Sobhuza II, Queen Mother Ntfombi |
| Siblings | Thumbumuzi Dlamini, Prince Mbuyisa Dlamini, Prince Mahlaba Dlamini, Prince Phiwokwakhe Dlamini and more |
| Birthplace | Manzini, Eswatini |
| Nationality | Eswatini (Swazi) |
| Ethnicity | Swazi |
| Education | Sherborne School |
| Marital Status | Polygamous |
| Spouse | 16 wives, including Sindi Motsa, others |
| Children | 45 (including Sikhanyiso Dlamini, Mcwasho Dlamini, Sakhizwe Dlamini) |
| Dating | N/A |
| Net Worth | Estimated $100 million |
| Source of Wealth | Swazi government, royal assets |
| Height | N/A |
What is the Net Worth of King Mswati III Swaziland in 2024?
King Mswati III Swaziland has an estimated net worth of $100 million.
This wealth not only positions him as one of Africa’s richest monarchs but also places him among some of the wealthiest public figures in royal and political spheres.
Although Eswatini faces substantial economic hardships, the King’s assets and finances reflect a level of affluence that’s uncommon in most absolute monarchies today.
When compared to other notable figures, here’s a list of a few individuals with similar political influence or royal status:
- Queen Elizabeth II
- Prince Albert II of Monaco
- Sheikh Mohammed bin Rashid Al Maktoum
- Sultan Hassanal Bolkiah of Brunei
- King Salman of Saudi Arabia
- Prince Hans-Adam II of Liechtenstein
- Sheikh Tamim bin Hamad Al Thani
- King Abdullah II of Jordan
- Emir of Kuwait
- King Maha Vajiralongkorn of Thailand
For more insights on individuals like him, check out our detailed list of wealthiest political figures.
King Mswati III Swaziland Salary and Finance Overview
Royal Assets and Government Support
King Mswati III’s primary sources of income are his royal assets and the extensive financial support he receives from the Swazi government.
The Eswatini Parliament allocates substantial funds, with reports indicating that he received around $61 million for his royal household budget in 2014 alone.
This budget funds the lifestyle of his large family, with 16 wives and 45 children, as well as the upkeep of numerous palaces and estates.
Revenue from Personal Investments and Enterprises
In addition to government support, the King’s wealth is bolstered by private investments and his stake in the Eswatini economy.
He maintains a degree of control over local businesses and reportedly benefits from foreign investments in Eswatini, including partnerships with South African and British enterprises.
These investments fuel his overall net worth and give him leverage in economic decisions within Eswatini.
Other Notable Sources of Wealth
Another significant component of his wealth comes from strategic political influence. Being Africa’s last absolute monarch, he wields power that allows him to influence economic policies.
His status in the monarchy also grants him access to assets in state-controlled industries, further solidifying his financial security and his place among the wealthiest royal figures globally.
Key Milestones and Achievements Impacting His Wealth
One of the defining moments in King Mswati III’s life was his ascension to the throne in 1986 at the age of 18.
His swift rise to power marked him as one of the youngest reigning monarchs in history and established the foundation for his current wealth.
He has since implemented various constitutional changes that allow him to rule with near-total authority, solidifying his hold on the kingdom’s finances and resources.
Luxurious Lifestyle and Financial Controversies
His collection of high-end luxury vehicles, including a $500,000 Maybach 62, is just one example of his extravagant purchases. This wealth is often criticized, especially considering the economic difficulties in Eswatini.
Public protests against his spending have highlighted the divide between the royal family’s resources and the economic challenges facing everyday citizens.
Awards and Honors Contributing to His Status
Throughout his reign, King Mswati III has received numerous awards, which enhance his reputation and influence.
He holds multiple honorary titles within Eswatini, such as the Grand Master of the Royal Order of King Sobhuza II and Order of the Elephant.
These honors not only signify his status in Eswatini but also support his influence and wealth on an international level.
Influence on National Wealth and Economic Control
His investments in local infrastructure, influence over foreign partnerships, and control over key industries play a significant role in shaping the nation’s financial landscape.
As a monarch with economic control, he’s able to shape both the political and economic structures of Eswatini, leveraging his position to benefit the royal family and retain significant wealth.
Philanthropic Activities and Public Health Initiatives
Despite the controversies surrounding his spending, he has also been involved in philanthropic efforts. Most notable is his work in public health initiatives, particularly related to HIV/AIDS prevention.
In 2001, he launched a chastity rite, urging young women to abstain from sexual activity as a way to combat the epidemic.
Additionally, his contributions to social welfare programs provide some support to Eswatini’s underprivileged communities, though these efforts are often overshadowed by his lavish lifestyle.
FAQs about King Mswati III Swaziland
How many wives does he have?
He has 16 wives, in line with Eswatini’s royal tradition of polygamy.
What significant roles does he play in Eswatini’s government?
He serves as both head of state and commander-in-chief, holding ultimate control over the nation’s government and economy.
How many children does King Mswati III have?
He has 45 children, and they’re a significant part of his large family unit.
What luxury assets does he own?
Among his luxury assets, he owns a $500,000 Maybach 62 and multiple residences, each reflecting his affluent lifestyle.
What awards and titles has King Mswati III received?
He is the Grand Master of several prestigious orders in Eswatini, such as the Royal Order of King Sobhuza II and the Order of the Elephant.
Does he participate in any philanthropy?
Yes, he has initiated public health programs and other social welfare efforts, particularly targeting the HIV/AIDS epidemic in Eswatini.
Why did he change Swaziland’s name to Eswatini?
He changed the country’s name to reflect its heritage and independence from colonial influence in 2018.
Conclusion
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