Meet South Africa's youngest millionaire - CGTN Africa (2024)

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Meet South Africa's youngest millionaire - CGTN Africa? ›

Sandile Shezi has successfully learnt how to trade currencies and at just 23 he's become one of the youngest multi-millionaires in the country. He began his entrepreneurial journey at the tender age of 12 selling muffins at school.

Sandile Shezi is another renowned Forex trader and is also one of the youngest billionaires in South Africa. He has established the “Global Forex Institute”, a successful company that caters for the lower income bracket.

Johann Rupert is the richest South African in 2024, followed by Nicky Oppenheimer, Patrice Motsepe, Koos Bekker, Micheil Le Roux, and Christo Wiese.

It is estimated that today he is the owner of the net worth of at least $500 million. Although Ref has seen dark days in life, he was determined enough to transform his life and become an epitome of success.

Sandile Shezi has successfully learnt how to trade currencies and at just 23 he's become one of the youngest multi-millionaires in the country. He began his entrepreneurial journey at the tender age of 12 selling muffins at school.

Forbes has recently released its Africa's Billionaires 2024 Rich List, which includes six South African business tycoons and Tanzanian business magnate, Mohammed Dewji - at 48 - was the youngest among the continent's wealthiest people. Most of the remaining 19 were between the ages of 60 and some were in their 90s.

South African Billionaire Patrice Motsepe Pledges $250 Million Towards Land Reform. South Africa's richest black man Patrice Motsepe has pledged to donate $250 million towards furthering the country's land reform programme.

Aliko Dangote, Africa's richest person, founded and chairs Dangote Cement, the continent's largest cement producer. He owns 85% of publicly-traded Dangote Cement through a holding company.

The data reveals that you would need to make about R151 451.00 per month to be in the top 1% of earners. In terms of overall wealth, one would require a net worth of about R4. 2 million to be a member of South Africa's top 1%.

How to make R1000 a day in South Africa? ›

According to an article published by BusinessTech, the top 1% salary in the country is estimated to be around R2. 5 million per year and R215 330 per month. This means that individuals earning this amount or more fall into the top 1% income bracket. The top 10% make R65 310 per month and just over R783 000 per year.

Eustace Mashimbye: The Visionary Entrepreneur

Through his innovative approaches and sharp market insights, he has navigated the intricate world of forex trading, amassing a fortune that solidifies his position as one of South Africa's wealthiest traders.

Uche Paragon is considered to be the wealthiest Forex trader in Nigeria. He is known for his disciplined trading approach and sharp analytical skills, earning a reputation as the best Forex trader in Nigeria.

1. George Soros. George Soros, often referred to as the «Man Who Broke the Bank of England», is an iconic figure in the world of forex trading. His net worth, estimated at around $8 billion, reflects not only his financial success but also his enduring influence on global markets.

You cannot achieve wealth through forex trading solely with your capital; you need the support of investors' funds. That's why forex billionaires like George Soros, Paul Tudor Jones, and Bruce Kovner all have hedge fund companies.