Everybody has a skill or area of knowledge that they can utilize to get money. But not everyone recognizes their special talent in their formative or early years. The youngest millionaires in South Africa became aware of their talents at a young age and made advantage of them. They are today among the wealthiest citizens of the country.
Being ranked as one of the youngest millionaires in South Africa is no small feat. A lot of people want to be as wealthy as those on the list. These remarkable young people have inspiring stories to tell and serve as role models for young people everywhere.
— Youngest South African millionaires in 2022.
How many millionaires are there in South Africa? According to data from the previous year, the country had 31,852 millionaires. There was a 14% increase in this from 2020. The sum in 2022 might be higher.
Some of these young children have made amazing accomplishments. Learn more about the young millionaires from South Africa and their financial sources by reading on.
8. DJ Zinhle ($1.5 million)
Age: 38 years (as of 2022)
Net worth: $1.5M
Source of imcome: DJing
With a rumored net worth of $1.5 million, DJ Zinhle, also known as Ntombezinhle Jiyane, is a well-known female DJ in South Africa. She started her career in 2004, when she was about 21 years old. As a resident DJ on SABC 1's youth dance program Jika Majika, she achieved her breakthrough.
7. Bernard Parker ($1.5 million)
Age: 36 years (as of 2022)
Source of income: Playing soccer
Bernard Parker, a renowned soccer player, is estimated to be worth $1.5 million. He has a solid reputation for his midfield and striker work for groups like the Kaizer Chiefs.
6. Sandile Shezi ($2.3 million)
Age: 29 years (as of 2022)
Source of wealth: Forex trading
The 1993-born FX trader Sandile Shezi is likely the youngest millionaire in South Africa. He has an estimated net worth of $2.3 million based on his 1993 birth year. With the money he received from selling muffins at school, he began trading forex. He also traded with his tutors, which was a very risky practice.
5. Adii Pienaar - $5 million
Age: 35 years (as of 2022)
Source of income: Entrepreneurship
The estimated net worth of Adii Pienaar is $5 million. He is the CEO of Cogsy and the company's founder. In 2013, he co-founded PublicBeta in addition to WooCommerce, an online store.
4. Ludwick Marishane - (Between $10 and $50 million)
According to estimates, the 31-year-old is worth $10 to $50 million. He serves as managing director of Headboy, a business that develops products. The business inventor and scientist gained the most notoriety with the development of DryBath.
3. Khanyisile Mbau
Age: 36 years (as of 2022)
Net worth: $10M
Source of Income: Acting, television hosting, and artistry
Khanyisile Mbau, a well-known actress, media personality, and artist, was born on October 15, 1985. She will be 36 years old in 2022, and she will have a $10 million net worth. At the age of eight, she received her first acting role. Today, she is well-known in traditional and online media in South Africa.
2. Cassper Nyovest ($15 million)
Age: 31 years (as of 2022)
Source of Income: Music career
Refiloe Maele Phool, better known by his stage as Cassper Nyovest, is a talented musician. His net worth is thought to be $15,000,000, and he was born on December 16th, 1990. He started rapping at the age of 12, and now he is well-known in the South African music scene.
1. Vusi Thembekwayo($36 million)
Age: 37 years (as of 2022)
Source of Income: Entrepreneurship
Vusi Thembekwayo, who has an estimated net worth of $36 million, or nearly R530 million, is the richest young man in South Africa. What makes him a successful businessman are his lectures. He established My Growth Fund and has made numerous investments, including real estate.
Note: The South African millionaires under 30 began working while they were young. To become the wealthy people they are today, they put a lot of time and effort into developing their skills and abilities.
According to a study of the richest people, Johann Rupert is the richest with a net worth of $9.11 billion. Nicky Oppenheimer comes in second with $8.7 billion. Christoffel Wiese and Patrice Motsepe are also included on the list.
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