Categories: Stories

Grace Mugabe may not be able to enjoy her fortune after all

Former first lady Grace Mugabe may have been humiliated when she was photographed watching in awe the swearing in of her archrival Emmerson Mnangagwa as the new president. But she won one last tough battle. She walked away with her money.

Add that to the hefty package that she and her husband were awarded including four international trips flying first class, what more could one wish for?

One would be tempted to say nothing, but according to Forbes magazine, Grace Mugabe may not be able to enjoy the fortune she has amassed and the shopping trips she enjoys as she did before.

“Serving dictators are welcome at all kinds of social or political events, whether or not accompanied by a certain gritting of teeth,” Forbes says.

“Deposed ex-dictators don't have that sort of social reach, mainly, of course, because they've been caught out. And it's that caught-out-ness that is the embarrassment for certain hosts.

“Fashion4Development, the charity organization behind the annual September awards luncheon during United Nations week, which Grace Mugabe blithely attended just weeks before she was deposed, will likely not be extending her a First-Lady-emeritus invitation for the fixture in September 2018.

“And the Mugabes can look forward to the inevitability that certain countries may decide that they just plain bring too much bad political freight with them.”

Apart from that, the magazine says Grace Mugabe should remain a welcome presence at luxury venues around the globe.

“She did, in fact, do that one tough thing. But that tough thing was not in amassing her fortune. For a Mugabe, in Mugabe's Zimbabwe, that part was dead easy. It just meant walking up to the trough, and helping yourself. By contrast, the tough thing that Grace Mugabe did was more recent. It was that she held onto the money.”

Grace Mugabe has not been seen in public since she accompanied her husband to Malaysia on his way to receive treatment in Singapore.

She did not even travel with him to Singapore but reportedly stayed in Malaysia with her daughter Bona.

And at home, things seem to be falling apart.

Police have removed officers who were guarding properties of a Lebanese businessman whom she claimed owed her $1.3 million for a diamond ring she bought from him but later returned.

To add salt to a festering wound, Auxillia Mnangagwa officiated at her favourite charity, Danhiko, recently.

(3293 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on January 1, 2018 8:57 am

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024

ZiG falls against US dollar

Zimbabwe’s new currency today fell against the United States for the first time since its…

April 25, 2024