There are many young South Africans that are making waves across the country and beyond. Many of these individuals have gone on to found multi-million dollar companies. Through this post, we will be taking a look at the top richest young people in South Africa.
1. Vusi Thembekwayo
Vusi Thembekwayo was born on the 21st March 1985 in Benoni on the East Rand of Gauteng Province, South Africa. He was already ranked 1st in Africa for motivational speaking at the age of 17.
Having spoken in 4 of the 7 continents to over 250 000 people each year, he is seen as one of the best motivational speakers and keynotes speakers alive today.
He was the youngest director of a multi-national turning over R17 billion a year at age 25, where he served on the operations board. Vusi Thembekwayo has an estimated net worth of $550 million.
2. Sandile Shezi
Shezi was laughed at in his school for selling muffins at school. He took a big step and risk by trading all the money that was supposed to be for education, which was a big move that turned him into a millionaire. Shezi went fully into Forex Trading. That was what became his breakthrough. Sandile Shezi net worth is estimated to be $2.3 million
3. Doug Hoernle
Doug Hoernle started a tutoring business by tutoring matric students when he was 19 years old. He was a student at the University of Cape Town.
After that business of his, he sold inexpensive wines that had personalized labels for birthdays or anniversaries and this led to his big opening at the City Bowl Market.
4. Duduzane Zuma
Duduzane Zuma is the son of former President of South Africa, Jacob Zuma and wife Kate Zuma. Duduzane Zuma has a company known as Mabengela Investments which holds a 12.5% stake in the Ayigobi Consortium.
The same Ayigobi is also part of AMSA’s BEE deal in respect of 26% of the company’s operating assets, together with an employee stock ownership plan (ESOP), for an aggregate value of R9.75bn.
5. Adii Pienaar
Pienaar owns a company, Woothemes, that designs and develops customizable commercial themes and plugins for WordPress. His company which was founded in 2007 with a bootstrap budget, generates over $3 million in annual revenues from the sale of its themes.
Woothemes also develops and sells themes for other top content management systems, including Tumblr. Adii Pienaar is also the founder of PublicBeta, which is a service that allows successful entrepreneurs to transfer knowledge to new startups.
6. Max Hussmann
Max Hussmann is known to be the founder of Elegance Group and a 2016 swimming Olympic hopeful. He was born in Accra, raised in Germany and also runs an aviation business through his Elegance Group which includes Elegance Air, sport consulting and aviation consulting. Max made a home in South Africa where Elegance is thriving and making its mark in the aviation industry.
7. Mike Eilertsen
Mike was once a teenage waiter who later turned into an entrepreneur that became the founder of LIVE OUT LOUD media group company. At a young age, he had comprised a database with over 100,000 contact information on South Africa’s top businessmen.
Mike Eilertsen then developed the idea to start up a millionaire’s magazine and in November 2007 was the birth of his company LIVE OUT LOUD.
8. Ludwick Marishane
Ludwick Marishane is the founder of Headboy Industries and he invented DryBath. He was in high school when he developed the DryBath, a gel that does all the work of a bath without water.
Ludwick won a huge sum of USD 10,000 in cash, and more in in-kind prizes in the year 2011. He’s using the funds he won to finance his global marketing endeavour to secure contracts with armies, airlines, hotel groups and also to other travel industry services.
9. Rupert Bryan
Since the age of 14, Rupert has run his very own web developing company. At age 16, his friend asked him to accompany him on a joint venture.
Now, Bryan is the chief operating officer at the ISP Web Africa. They started Web Africa with nothing and built a R130 million p.a. company.
10. Murendwa Mmabasotho
Murendwa Mmabasotho Mukwevho is eight on our list of young richest people in South Africa and she is a poised and humble woman who shares her success story. She is a multimillionaire, with a string of businesses that vary from logistics to printing.