South Africa is home to some of the youngest and most successful entrepreneurs and professionals.
This list showcases twelve of these individuals, each having amassed significant wealth through various industries and endeavors.
Their stories are not just about monetary success but also about innovation, resilience, and the pursuit of dreams against all odds.
These young millionaires have made their mark in fields ranging from technology and entrepreneurship to entertainment and sports.
Their journeys offer insights into the dynamic business of South Africa and serve as an inspiration for aspiring entrepreneurs and professionals worldwide.
Youngest Millionaires in South Africa
12. Murendwa Mmabasotho Mukwevho – $1 million
Murendwa Mmabasotho Mukwevho, a figure of inspiration in South Africa, achieved millionaire status through her diverse entrepreneurial ventures.
Born in 1990, Mukwevho’s journey to a net worth of $1 million is a tale of diverse business interests. She founded Mukwevho Enterprises, a courier company, illustrating her prowess in logistics.
Beyond this, her entrepreneurial spirit extends to real estate with PNM Properties and to the printing industry with Morenda Printing Services in Maseru.
She owns Phomolong Guest House in Maseru and holds a significant position as a studio director at SABC Studios.
Her portfolio reflects a versatile approach to business, blending various industries seamlessly.
11. Doug Hoernle – Between $1 and $5 million
Doug Hoernle, born in 1990, is a testament to the power of early entrepreneurship.
At just 33 years old, he has already carved out a substantial net worth of between $1 and $5 million. His area of expertise lies in education technology, a field where he has founded numerous innovative technologies.
Hoernle’s journey started at the tender age of sixteen with his first business venture. He is now the founder and chief executive officer of Karri Payments, a testament to his enduring entrepreneurial spirit.
His story is not just about financial success; it’s about pioneering in a niche market and creating impactful educational solutions.
10. Sandile Shezi – $2.3 million
Sandile Shezi, born in 1993, stands as a remarkable example of how daring and unconventional choices can lead to significant success.
At 30 years old, he has acquired a net worth of $2.3 million, primarily through forex trading. His path to wealth was unconventional; Shezi started by selling muffins at school, using the proceeds for forex trading.
He even risked his school fees in his trading endeavors. This bold approach may not be advisable for everyone, but it certainly paid off for Shezi, who is now recognized as one of South Africa’s youngest millionaires in forex trading.
His story is a blend of risk, determination, and financial acumen.
9. Bernard Parker – $5 million
Bernard Parker, with a birth date of 16th March 1986, is a prominent figure in South Africa’s soccer scene, boasting a net worth of $5 million at 37 years old.
His financial success comes from his impressive soccer career, where he is renowned as both a striker and midfielder.
Parker’s skills have been showcased in various clubs, most notably the Kaizer Chiefs. His talent also led him to play for South Africa in the prestigious 2010 FIFA World Cup.
Parker’s journey in the sports world exemplifies how athletic talent, coupled with dedication, can lead to substantial financial and professional success.
8. DJ Zinhle – $5 million
Ntombezinhle Jiyane, known professionally as DJ Zinhle, born on 30th December 1983, is a shining example of success in the South African music industry.
At 39 years old, she has amassed a net worth of $5 million, primarily through her career as a disc jockey. DJ Zinhle’s journey into the music world began in 2004, at about 21 years old.
Her big break came as a resident DJ on Jika Majika, a popular youth dance show on SABC 1.
Her story is one of passion for music and the arts, showing how following one’s artistic inclinations can lead to remarkable success and influence in the entertainment industry.
7. Adii Pienaar – $5 million
Adii Pienaar, born in 1987, exemplifies the archetype of a successful digital entrepreneur.
At 36 years old, he has achieved a net worth of $5 million. His journey in the digital world began with WooCommerce, an e-commerce platform he co-founded and later sold, showcasing his ability to create and capitalize on digital trends.
Pienaar didn’t stop there; he also founded PublicBeta in 2013, a testament to his continuous pursuit of innovation in the digital space.
Currently, he serves as the chief executive officer of Cogsy, a role that further underscores his leadership and vision in the tech industry. Pienaar’s story highlights the endless possibilities in the digital entrepreneurial landscape.
6. Ludwick Marishane – Between $10 and $50 million
Ludwick Marishane, born in 1991, stands out as a business scientist and entrepreneurial inventor with an impressive net worth estimated between $10 and $50 million.
At just 32 years old, Marishane’s claim to fame is his invention of DryBath, a product that showcases his ingenuity and commitment to addressing real-world problems.
As the managing director of Headboy, a firm specializing in product development, Marishane exemplifies the blend of scientific acumen and entrepreneurial spirit.
His journey from a simple idea to a multi-million dollar enterprise serves as an inspiring example for young inventors and entrepreneurs globally.
5. Khanyi Mbau – $10 million
Khanyisile Mbau, more popularly known as Khanyi Mbau, was born on 15th October 1985 and has become a notable figure in the South African entertainment industry.
With a net worth of $10 million at 37 years old, Mbau’s wealth stems from her diverse involvement in acting, television hosting, and artistry.
Her journey to stardom began at the age of eight, and since then, she has become a household name in both South African mainstream and social media.
Mbau’s story is not just about financial success; it’s about perseverance and versatility in the entertainment industry, demonstrating how talent, combined with hard work, can lead to substantial success and influence.
4. Duduzane Zuma – $15 million
Duduzane Zuma, born on 20th May 1982, is a prominent figure in the South African business landscape with a net worth of $15 million at the age of 40.
As the son of the former president of South Africa, Jacob Zuma, Duduzane has carved out his own path to wealth through astute business investments.
His success story is intertwined with his ability to navigate the complex world of business investments and leverage his familial connections.
Zuma’s journey is a blend of personal ambition and strategic decision-making, underscoring the multifaceted nature of achieving success in the business world.
3. Cassper Nyovest – $15 million
Refiloe Maele Phoolo, better known as Cassper Nyovest, is a renowned figure in the South African music scene. Born on 16th December 1990, Nyovest has accumulated a net worth of $15 million by the age of 32.
His foray into music began at the age of 12, and he has since become one of the most recognizable names in South African music. His wealth is not just a reflection of his musical talent but also his savvy in navigating the music industry.
Nyovest’s story is a testament to the power of passion and perseverance in the arts, illustrating how a relentless pursuit of one’s dreams can lead to substantial financial and professional success.
2. Mike Eilertsen – $21.2 million
Mike Eilertsen, aged 41 as of 2023, has established himself as a formidable entrepreneur with an estimated net worth of $21.2 million.
His entrepreneurial journey began at a young age, showcasing a profound understanding of business dynamics. Eilertsen founded LIVE OUT LOUD, a media group that reflects his vision and business acumen.
He initiated a database of South Africa’s leading businessmen, demonstrating his foresight in recognizing the value of information and networking in business.
His career trajectory underscores the importance of innovation and strategic thinking in entrepreneurship.
Eilertsen’s success is a narrative of relentless pursuit of business opportunities and the ability to turn visionary ideas into lucrative ventures.
1. Vusi Thembekwayo – $35-40 million
Vusi Thembekwayo, born on 21st March 1985, stands at the pinnacle of this list as the richest young man in South Africa, with a net worth ranging between $35 and $40 million at 38 years old.
Thembekwayo’s wealth is rooted in his entrepreneurial spirit and expertise in business. He is renowned for his masterclasses, which showcase his depth of knowledge and experience in the business world.
His entrepreneurial journey includes founding My Growth Fund, a venture that underscores his commitment to supporting and guiding emerging businesses.
His investments span various sectors, including real estate, illustrating his diversified approach to wealth generation.
Thembekwayo’s story is a compelling illustration of how knowledge, entrepreneurship, and strategic investments can converge to create monumental success.