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Itumeleng Khune’s salary at Kaizer Chiefs once topped R7 million a year, making him one of South Africa’s highest-paid goalkeepers. A legend in the Premier Soccer League (PSL), Khune’s journey from a Ventersdorp kid to a national icon captivates fans and aspiring athletes alike. He spent two decades with Chiefs, racking up awards and unforgettable saves. But in 2024, Khune parted ways with the club. No longer drawing a player’s salary, he’s pivoted to new ventures.
This article dives into Khune’s earnings history, career milestones, assets, and income sources beyond football. It also offers practical lessons for professionals—athletes or otherwise—on building wealth and navigating career transitions. Let’s explore the financial legacy of a PSL titan.
Itumeleng Khune’s Salary at Kaizer Chiefs
Khune’s salary at Kaizer Chiefs defined his financial peak. In his prime, around 2013-14, he earned R480,000 per month—roughly R5.76 million annually, excluding bonuses. This figure placed him among the PSL’s elite, trailing only a few strikers and midfielders. His contract reflected his value: a goalkeeper with lightning reflexes and a knack for penalty saves. By 2020, however, Chiefs adjusted his deal. A pay cut dropped his monthly earnings to around R240,000, a move tied to the club’s financial restructuring and Khune’s occasional bench role. Still, his total earnings from Chiefs over 20 years likely exceeded R70 million, factoring in signing bonuses and performance incentives.
In 2024, Khune’s contract wasn’t renewed. He no longer earns a player’s salary. The decision stung fans, but Chiefs honored his legacy by retiring his number 32 jersey. Today, Khune’s income stems from non-football ventures, which we’ll explore later. His Chiefs salary, though, remains a benchmark for PSL goalkeepers. Aspiring athletes can learn from his negotiations: Khune leveraged standout performances—like his 2007 Telkom Knockout heroics—to secure lucrative deals. The lesson? Document your achievements and use them to advocate for your worth.
From Defender to Iconic Goalkeeper
Khune’s career arc is a masterclass in adaptability. Born on June 20, 1987, in Ventersdorp, he joined Kaizer Chiefs’ youth academy in 1999 at age 12. Surprisingly, he started as a defender. A chest injury during a match forced a positional shift. Coach Terror Sephoa noticed Khune’s knack for catching balls with precision. That moment changed everything. By 2004, Khune debuted as Chiefs’ professional goalkeeper. He was 17.
Over two decades, Khune made 347 appearances for Chiefs, a club record for a goalkeeper. His agility and leadership shone. He captained the side during its 2012-13 PSL title run. Internationally, Khune represented Bafana Bafana, earning 91 caps. His 2010 FIFA World Cup stint made headlines—unfortunately, for a red card against Uruguay’s Luis Suárez. Only the second goalkeeper in World Cup history to be sent off, Khune turned the setback into motivation. He returned stronger, saving penalties against top players like David Villa.
Khune’s loyalty to Chiefs was rare. He rejected overseas offers, prioritizing legacy over bigger paychecks. His career teaches a key lesson: long-term commitment to a single organization can build a powerful personal brand. Professionals can emulate this by investing in one company or industry while cultivating expertise.
Awards and Achievements
Khune’s trophy cabinet sparkles. He won three PSL titles (2004-05, 2012-13, 2014-15) and multiple cup competitions with Chiefs. Individually, he clinched the PSL Footballer of the Year award in 2012-13, a rare feat for a goalkeeper. The Telkom Knockout named him Goalkeeper and Player of the Tournament in 2007. He also bagged the PSL Goalkeeper of the Season award three times (2007-08, 2012-13, 2013-14).
Beyond football, Khune earned broader recognition. In 2013, he took home the SA Sports Awards Sportsman of the Year. Five years earlier, he was the Newcomer of the Year. These accolades boosted his marketability, attracting sponsors. For readers, the takeaway is clear: awards aren’t just trophies. They’re leverage for higher pay, endorsements, or new opportunities. Always nominate yourself or your work for recognition.
Assets and Lifestyle
Khune lives comfortably, though he’s discreet about his wealth. His Johannesburg home features a swimming pool and a lounge displaying his trophies. Car enthusiasts would envy his garage. He owns a Mercedes C43 AMG, a BMW 1 Series, and an Audi RS3—vehicles worth over R2 million combined. These assets reflect a lifestyle built on years of high earnings.
Unlike some athletes, Khune avoids flashy displays. His social media focuses on family and football, not opulence. Married to Sphelele Makhunga, with two children, he prioritizes stability. This restraint offers a lesson: wealth isn’t about showing off. It’s about choices that sustain long-term security. Professionals can apply this by investing in assets that appreciate (like property) rather than splurging on depreciating items (like cars).
Beyond Football: Income Sources
Khune’s wealth isn’t tied to football alone. At his peak, endorsements with Nike, Samsung, and others added millions to his income. He also invested wisely. A stake in a Johannesburg restaurant and real estate holdings diversified his portfolio. His net worth, estimated at R21 million to R70 million, reflects these moves. The higher R70 million figure, often cited, likely includes his assets and investments.
Since leaving Chiefs in 2024, Khune has pivoted. He’s a health and safety officer in his family’s construction business, a role that leverages his discipline and leadership. He’s also partnered with a betting company, capitalizing on his football fame. These ventures show foresight. Athletes often struggle post-career, but Khune planned ahead. His example underscores a universal principle: start building secondary income streams early. Whether it’s a side hustle, investment, or new skill, diversification protects against career endings.
Financial Lessons from Khune’s Journey
Khune’s story offers actionable insights for professionals. First, negotiate with confidence. Khune’s R480,000 monthly salary didn’t happen by chance. He used standout performances—like saving three penalties against Mamelodi Sundowns—to justify raises. Track your wins and present them during salary talks. Second, diversify income. Khune’s endorsements and investments cushioned his transition. Explore side gigs or passive income, like rental properties or online courses.
Third, plan for the endgame. Khune’s move to construction shows he anticipated life after football. Create a five-year plan that accounts for career shifts. Finally, live below your means. Khune’s modest lifestyle preserved his wealth. Budget ruthlessly, prioritizing savings over status. These steps aren’t just for athletes. They’re for anyone aiming to build lasting financial security.
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Khune’s Legacy and Your Next Steps
Itumeleng Khune’s salary at Kaizer Chiefs—once a staggering R480,000 per month—powered a remarkable career. Now, without a club, he’s forging a new path in business. His R70 million net worth, built through football, endorsements, and investments, proves resilience pays off. Khune’s journey from a Ventersdorp defender to a PSL legend inspires. He saved penalties, won titles, and planned for life beyond the pitch. Professionals can follow his lead. Negotiate boldly, diversify income, and plan ahead. Khune’s story isn’t just about football. It’s about building a future that lasts.
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