South Africa’s youngest millionaires are not just singers and dancers; they are also tech entrepreneurs, real estate investors, currency traders, and inventors. This is a list of young South Africans of whom the country and continent are proud of.
South Africa’s future is in good hands with these outstanding individuals; they have proved their capacity to handle even more wealth, power and responsibility as time goes by. Their modest enterprises today will no doubt evolve into mega industries tomorrow; which will provide value to people all over the world, and bring more money to the country.
Top 10 Youngest Millionaires In South Africa 2022
1. Vusi Thembekwayo
Net Worth: $36 million
Vusi Thembekwayo is a South Africa’s most distinguished young entrepreneur, investor, and motivator. He is estimated to be worth somewhere around $36 million, and is noted for his many investments in different sectors of the country. Vusi Thembekwayo is perhaps best known for his master-classes where he teaches young South Africans how to invest, and how to spot emerging market opportunities.
Vusi Thembekwayo is the He is the founder of My Growth Fund and his company has made several investments in different areas including stocks, start ups, and real estate. Vusi Thembekwayo teaches that he has spent just as much time as money when it comes to investments; and that young people must learn to value their time, as well as money.
2. Cassper Nyovest
Net Worth: $15 million
Rapper Cassper Nyovest whose real name is Refiloe Maele Phool is not just a successful rapper whose fame has gone beyond the continent; he is also quite a wealthy individual who is regarded as one of South Africa’s youngest millionaires. Cassper Nyovest did not enter into music in search of quick money however; he was rapping at 12 years old, and rose to the top of his industry by sheer determination and will.
He is a household name in South Africa, and one of the most recognizable rappers in Africa as a whole. Cassper Nyovest is also into record production, and he has a record label to his name; adding to his list of achievements.
3. Khanyi Mbau
Net Worth: $10 million
Khanyi Mbau is a South African Actress who has risen to fame and fortune. She did not make her money suddenly; started acting at a very young age; in fact she got her first acting role at age 8. Khanyi Mbau was born on 15th October 1985, meaning that she has been in the business for 28 years. In other words, it has taken her 28 years to make her money and fame!
Khanyi Mbau is one of South Africa’s top actresses; she is also a social media personality, television host, and social commentator. She is estimated to be worth $10 million; but it could well be more than that.
4. Ludwick Marishane
Net Worth: Between $10 and $50 million
Ludwick Marishane is one of South Africa’s best known young entrepreneurs. He deserves such accolades and more; there are very few people who can match his intellect and creativity in the world.
Ludwick Marishane is an inventor and businessman; a self made millionaire, he invented Drybath- a product that enables one to clean the body without the need for becoming wet. Ludwick Marishane is the managing director of Headboy, a firm that deals with product development.
Now as Managing Director of Headboy, he is in the process of bringing out several interesting products that should also be profitable; thereby adding to his wealth soon.
5. Adii Pienaar
Net Worth: $5 million
Adii Pienaar is a said to be worth $5 million; but just give it some time; that net worth should skyrocket very soon because he has some of the best up-coming start ups which are already growing in market share.
Adii Pienaar is the founder of Woocommerce, Cogsy, and Conversio. That means he has 3 separate tech companies on ground, and more in development. He is also an author; he is making an impact with his book, and motivating other young people not just in the country but across the world to take bold risks and be successful.
6. Sandile Shezi
Net Worth: $3.3 million
Sandile Shezi is the most popular Forex Trader in South Africa. His story is quite an interesting one; he comes from a very ordinary back ground; he sold muffins in school- thus showing that he has the spirit of an entrepreneur. But the real story is that he used his school fees to trade forex; that was a monumental risk, but one that paid off handsomely.
Sandile Shezi is now one of South Africa’s most respected forex traders, and all the forex companies want to be associated with him. He is also a keynote speaker, social media aficionado, and motivator of the youth.
7. Bernard Parker
Net Worth: $3 million
Bernard Parker is a South African footballer. He is one of the few South African footballers who has played both in Europe and locally as well. He plays as a striker and midfielder; he has a very impressive list of clubs where he has featured including; Thanda Royal Zulu, FC Twente, Red Star Belgrade, and Kaizer Chiefs. He also played for South Africa at the 2010 FIFA World Cup.
8. DJ Zinhle
Net Worth: $2 Million
DJ Zinhle has literally grown up on the big stage. She was just 21 years old when she first came into limelight, but now at 38 years old, she literally spent her entire adulthood in fame. DJ Zinhle is one of most recognized DJs in South Africa; and her fame and reach have even gone farther than the continent.
DJ Zinhle is famous; she features on shows and concerts, as well as on radio and other media. She is estimated to worth around $2 million; showing the depth of the South African music industry.
9. Doug Hoernle
Net Worth: $1 and $5 million
Doug Hoernle is one of the youngest bosses in the South African tech industry. He is a renown Entrepreneur; his specialty is in the education sector where he founded many creative technology solutions which have become important to the delivery of education, and which can also be applied to commerce generally.
Doug Hoernle has created interactive tech solutions, many of which are now used by schools, tutors, and organizations holding master-classes and seminars. He is also the founder and chief executive officer of Karri Payments.
10. Murendwa Mmabasotho Mukwevho
Net Worth: $1.5 Million
Murendwa Mmabasotho Mukwevho is a South African millionaire entrepreneur. She owns multiple businesses; and some of her interests include logistics, real estate, and printing. She is the founder of Mukwevho Enterprises, a courier company that has become closely associated with the e commerce industry in the country.
She also runs a real estate company called PNM Properties, as well as Morenda Printing Services in Maseru. She is a studio director at SABC studios, and she also owns Phomolong Guest House in Maseru.
The youngest millionaires in South Africa are also some of the youngest and most powerful business people on the continent. This shows the depth of South African creativity, and that the country has the potential to lead the way in terms of entrepreneurship, industry and investment.
Furthermore, many of these young entrepreneurs have chosen to give back to society by motivating their peers, leading to even more success stories.