Zimbabwean businessman Kuda Tagwirei stirred public interest this week after making unexpected claims about President Emmerson Mnangagwa’s alleged wealth during a youth event hosted by Prophet Emmanuel Makandiwa at the United Family International Church (UFIC) in Chitungwiza.
While addressing attendees, Tagwirei asserted that the president’s farming operations in Sherwood, Kwekwe generate approximately US$11 million annually, with estimated profits of about 35%, translating to around US$4 million each year.
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“The revenue from his farm is about 11 million dollars a year. The profit—if it’s 35%—comes to around 4 million annually,” said Tagwirei, in a moment he jokingly admitted might get him “in trouble.”
Tagwirei didn’t stop at annual profits. He went further, estimating that if these returns are consistent over a decade, Mnangagwa’s net worth could total US$40 million, based solely on income from the farm.
He added that in a more developed economy, such financial success could easily fund high-end assets like a private jet.
“If this was a first-world country, a man with such a balance sheet could buy a plane. Four million times ten equals 40 million,” Tagwirei explained, implying the president’s financial standing is stronger than many might assume.
Despite these claims, Tagwirei emphasized Mnangagwa’s humility, stating that the president does not flaunt the wealth he allegedly possesses.
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