The South African music industry has recorded tremendous success in recent years, producing music multimillionaires. Here is a list of the top ten richest musicians in South Africa.
1. Steve Hofmeyr
Steve Hofmeyr, the popular folk singer is allegedly the wealthiest musician in South Africa, with a net worth of about R273 million. He is also actively involved in acting and television broadcasting.
He launched his music career with the release of a duet titled “You don’t bring me flowers” in 1997. He has gone on to win several awards, becoming a multimillionaire as a result.
Kiernan Jarryd Forbes also is known as AKA rose to prominence with the release of his song “Victory Lap” from the album Alter Ego. His wealth comes from rapping, songwriting, producing records, singing, brand licensing and other business deals.
His album, Touch My Blood, achieved double platinum status in 2019. His net worth is estimated $12 million
3. Die Antwoord
Die Antwoord is a South African hip hop rap group formed by Ninja and Yolandi Visser in 2008.
Their debut album $O$, featuring Cape Flats and a host of other rappers recorded over a million views a few months later and led to a string of other successes including signing a deal with Interscope records, before starting their own record label, Zef Records.
Currently, the brand is estimated at $5 million while each partner has a net worth of about $10 million each.
4. Rebecca Malope
She holds the record for the fastest-selling CD in the South African music industry with her album “Shwele Baba”.
She has released more than 35 albums till date, recording sales of over 10,000,000 copies. She currently runs Gospel Time and has a net worth of about $5 million.
5. Juanita du Plessis
She launched her musical career as the best singer, best songwriter and winner for outstanding achievement by Country Music Association for Juanita in 1998.
She has sold more than 2,400,000 copies of her songs, with an estimated net worth of over $1,000,000 and has been consistently ranked as one of the richest musicians in South Africa.
6. Cassper Nyovest
Refiloe Maele Phoolo, aka Cassper Nyovest, is an award-winning, professional South African music entrepreneur, with success in rapping, songwriting, record production and endorsement deals.
He got off to a successful start with the release o Tsholofelo in 2014. His current net worth is estimated at about $3 million.
7. DJ Euphonik
Тhеmbа Мbоngеnі Nkоѕі, popularly known as DЈ Еuрhоnіk, is a South African DJ, Musician and On-Air-Personality.
His $2.5 million estimated net worth is made from music, real estate investments and other business collaborations.
8. Black Coffee
Nkosinathi Innocent Maphumulo, aka Black Coffee, is an award-winning South African DJ, record producer and owner of Soulistic Music Label. He has released about 8 albums and CDs that have recorded huge success.
His self-titled album, “Black Coffee” was released in 2005. His present net worth is estimated to be around $2 million.
Oscar Bonginkosi Mdlongwa, aka Oskido, is an award-winning South African musician credited with popularizing Kwaito music in non-SA townships.
His $2 million (R28.5M) wealth comes from producing records, performing as DJ and businesses. He co-founded the record label, Kalawa Jazmee Records in 1993 with some of his fellow producers.
10. DJ Sbu
Sbusiso Leope, aka DJ Sbu, is a multi-talented South African talent, featuring in the entertainment industry. His other interests include media appearance, writing books, public speaking and philanthropic activities.
He has more than 7 successful albums to his name, with 30+ songs achieving platinum status. He owns TS Records as well as MoFaya energy drink.