Take a closer look at Mswati Iii Net Worth, Age, Height, Bio, Birthday, Wiki in this comprehensive feature.
Mswati III is one of the richest Sovereign from Eswatini. According to our analysis, Wikipedia, Forbes & Business Insider, Mswati III's net worth $5 Million. (Last Update: December 11, 2023)
The 14-year-old Makhosetive was chosen by the Great Council of State (the Liqoqo), to become the next king after King Sobhuza II’s death on 21 August 1982. Two of Sobhuza’s wives, Queen Dzeliwe Shongwe (1982-1983), and Queen NtfombiTfwala (1983-1986) served as regents while he studied in the United Kingdom at Sherborne School (International College). He was then called back to the throne.
Makhosetive was a young prince who attended Masundwini Primary School, and then Lozitha Palace School. In December 1982, he took the Swaziland Primary Certificate Examination at Phondo Royal Residence. He received First Class with merit for English and Mathematics. He became interested in the royal guard and was the first young cadet of the Umbutfo Swaziland Defence Force.
In an attempt to mitigate the HIV and AIDS pandemic in 2001, the king used his traditional powers to invoke a time-honoured chastity rite (umcwasho) under the patronage of a princess, which encouraged all Swazi maidens to abstain from sexual relations for five years. This was last done under Sobhuza II in 1971. This rite banned sexual relations for Swazis under 18 years of age from 9 September 2001 and 19 August 2005, but just two months after imposing the ban, he violated this decree when a 17-year-old liphovela (royal fiancée) was chosen, who became his 13th wife. As per custom, he was fined a cow by members of her regiment, which he duly paid.
Mswati has been criticized for his lavish lifestyle, especially by the media; in one report he was accused of living a luxurious lifestyle while the people of his country starve. In the 2014 national budget, parliament allocated $61 million (US) for the King’s annual household budget, while 63% of Swazis live on less than $1.25 per day. Following criticism of his purchase of luxury cars, including a $500,000 DaimlerChrysler’s flagship Maybach 62 luxury automobile, he banned the photography of his vehicles. According to the Forbes 2009 list of the World’s 15 Richest Royals, King Mswati is worth a reported $200 million. In January 2004 the Times of Swaziland reported that the king asked his government to spend about $15-million to redecorate three main palaces and build others for each of his 11 wives. The Prime Minister’s Office issued a press statement saying the article in the Times of Swaziland was “reckless and untrue” and that the proposal was for the construction of 5 State Houses, not Palaces, and the cost was only €19.9 million. Later that year the go-ahead was given to build five new buildings at a cost of more than $4-million out of public funds. In August 2008, Swazi scouts marched through the capital protesting the cost of a shopping spree taken abroad by nine of the King’s thirteen wives. The demonstration was organized by Positive Living, a non-governmental organization for Swazi women living with AIDS.
On 19 April 2018, King Mswati III changed the name of the country to Eswatini. The change was to mark the country’s 50th anniversary of independence. 19 April is actually the king’s birthday, though the actual anniversary was indeed 6 September of that same year. Mswati III wanted the name Eswatini which is the ancient original name for the country and this change was to give up the previous colonial name Swaziland.
