African National Congress Youth League (ANCYL) president Julius Malema owns two houses worth almost R5-million and cars worth R1,2-million, on an alleged salary of R20 000 a month.

The Star on Friday reported that Malema bought a three-bedroom home in Sandown, Johannesburg for R3,6-million in December last year.

He has another home in Polokwane for which he paid R1-million.

The report said that the Sandown home was luxurious, with three bedrooms, an office, a TV room, a lounge, a pool and a large garden.

It was here that Malema entertained guests at a house-warming party last year, which hit headlines after a police reservist said he was assaulted by the youth league leader.

This was after neighbours complained about the noise and mess.

Guests were entertained by YFM DJ Oskido and drank Johnnie Walker Gold Label whisky, which costs around R700 a bottle, and Moët et Chandon French Champagne.

When approached for comment by The Star, Malema reacted angrily.

"You and your husband and your family - that's who you need to write about. You go away, just go away," he told the paper.

League spokesperson Floyd Shivambu said the paper was being nonsensical.

"I think you need to rethink what you are doing. What business is this of yours? How dare you call me and ask for comment on this?"

The report quotes sources in the league who place Malema's salary at around R20 000 per month.

As the transfer of the Sandown house went through, Malema went to a press conference wearing a Gucci suit and a Breitling watch worth about R250 000.

He also owns a black Mercedes-Benz AMG, which retails at R734 000, and reportedly drives an Aston Martin and a red Range Rover Sport. He attended a Wits University lecture on Thursday in a brand-new white Range Rover - with no number plates - which sells for R1,2-million.

The controversial youth league president who is spear-heading efforts for the nationalisation of South African mines, is the director of four companies according to the report: 101 Junjus Trading CC, Blue Nightingale Trading 61, Ever Roaring Investment and SGL Engineering Projects.