Lucius Banda is a legendary Malawian musician, producer, and politician who began his career in the limelight more than 30 years ago.
He is one of the best musicians Malawi has ever produced. He is known for his rich voice and themes of political oppression and poverty. He has served as a member of parliament twice.
Here is Lucius Banda's net worth and how he has made his fortune. It should be noted that Banda is regarded as the richest musician in Malawi.
What is Lucius Banda's net worth?
Lucius Banda's net worth is estimated to be between $3 million to $5 million as of 2022. He has earned his money through his long career as a musician as well as a politician.
Here is how both of his careers have earned him millions.
Lucius Banda's music career
Lucius Banda, who is popularly known as Soldier Lucius Banda, has been in the music industry since he was 13 years old when he used to sing with his brother and his band.
After studying music at the Dorkey house in Johannesburg, Lucius officially kickstarted his solo music career with his debut album 'Son of a Poor Man,' which was an instant success.
His themes of political oppression resonated well with a lot of Malawians, although the government felt differently about his music, and some of his songs were either censored or banned. That, however, did not make Lucius slow down.
In 1997, he formed his own band called Zembani Music Band with an aim to help grow and nurture local talent. Zembani is one of the best bands in Africa that has helped nurture the talents of several musicians in Malawi, including Billy Kaunda and Wendy Harawa.
Lucius Banda's net worth has been amassed through the sales of his 19 albums, live performances and concerts throughout the world, his Zembani band, and his numerous awards.
Lucius Banda's political career
Lucius Banda is a seasoned politician who has served as a member of parliament for Balaka North district twice.
His first term in parliament lasted until 2006, when he was arrested and charged with using fake academic credentials. He was sentenced to 27 months in prison with hard labour but was released much earlier for good conduct.
In 2014, he ran again for the same post and won by a huge margin.
As a member of parliament, Lucius Banda was able to earn a good salary of about K862 4000 per month together with allowances. This enabled him to increase his wealth and build his net worth.
Read also: Richest people in Malawi
Read also: Richest people in Malawi
What does Lucius Banda currently do?
Following his prolonged absence from social media and the public, some rumours were spread that Lucius Banda had passed on. The story has since been dismissed as fake news. Lucius Banda is still alive but recovering from a long illness.
He has been serving as a special advisor for youth and arts affairs since 2020, after President Chakwera appointed him.
Besides his role as an advisor, Lucius Banda seems to be invested in his home farm, and he has been seen several times taking care of his vegetable garden.
As a musician, Soldier Lucius Banda has been away from the music scenes for some time. In 2019, he announced that he would launch his 20th album titled 'Love and Hate' on his 50th birthday, which would coincide with his 25th wedding anniversary in 2020.
Lucius Banda cars and house
Lucius Banda's net worth affords him the house of his dreams and the cars of his dreams, and despite being very discreet about his personal life, it appears that he is living his dream.
Very little is known about his house, but we know that he owns a black Hummer that is customized with his image.
Read also: The youngest richest man in Malawi
Did illness affect Lucius Banda's net worth?
Nothing is as costly as medication. Besides being sick himself, it was also reported that his brothers Paul and Francis were also suffering from terminal illnesses.
The combination of the unfortunate ailments in one family must have cost the Banda family a fortune and definitely affected Lucius Banda's net worth as well as that of his family.