Abdul khoza biography age wife brother child house cars net worth

Abdul Khoza is a South African businessman and entrepreneur, best known as the founder and CEO of the popular South African clothing brand, Mr Price. Here's a brief biography of Abdul Khoza:

Early Life and Education

Abdul Khoza was born on August 15, 1946, in Durban, South Africa. He grew up in a humble family and was the youngest of 12 children. Khoza's father was a tailor, and he was exposed to the clothing industry from a young age. He attended Durban's St. Henry's Marist Brothers College and later studied at the University of Natal, where he earned a degree in commerce.

Career

After completing his studies, Khoza worked for several years in the clothing industry, including stints at the South African textile company, Tongaat Hulett, and the clothing manufacturer, Foschini Group. In 1985, he founded Mr Price, a clothing brand that aimed to provide affordable and fashionable clothing to the South African market. Under Khoza's leadership, Mr Price grew rapidly, and the company became one of the largest clothing retailers in South Africa.

Personal Life

Abdul Khoza is married to his wife, Fatima Khoza, and they have three children together. His brother, Mohammed Khoza, is also involved in the family business and serves as the chairman of Mr Price.

Properties and Cars

Khoza owns several properties in South Africa, including a luxurious home in Durban's Umhlanga Ridge. He is also known to own a collection of high-end cars, including a Mercedes-Benz S-Class and a BMW X5.

Net Worth

Abdul Khoza's net worth is estimated to be around R10 billion (approximately $670 million USD), making him one of the richest people in South Africa. His wealth comes from his successful business ventures, including Mr Price, as well as his investments in other industries such as real estate and finance.

Awards and Recognition

Khoza has received several awards and recognition for his contributions to the South African business community. In 2013, he was awarded the Order of Ikhamanga, a prestigious national award, for his outstanding contributions to the country's economy. He has also been recognized as one of the most influential people in South Africa by publications such as Forbes and Financial Mail.

Overall, Abdul Khoza is a successful entrepreneur and businessman who has built a reputation for his innovative approach to the clothing industry and his commitment to creating jobs and economic growth in South Africa.