Who are the richest kids in South Africa? Here is a list of the youngest millionaires in South Africa in 2023 and the businesses they do.
South Africa is one of the most beautiful countries in Africa. You are likely to regard the country as part of the Western countries considering how developed it is to other African countries.
This country ranks as the 25th largest country in the entire world based on land area and ranks as the largest country in southern Africa. With a population reaching up to 60,14 million people, it takes a comfortable position as the 24th most populous nation globally.
SA is located in the southernmost part of Africa. There are about 2,798 of the coastline of Southern Africa which bound the country to the south and stretches along with both the southern Atlantic Oceans as well as the Indian Oceans.
South Africa is bounded to the North by Namibia, Botswana, and Zimbabwe which are all neighboring countries, and, on the east, it is bounded by Swaziland as well as Mozambique. The landlocked country of Lesotho is surrounded by South Africa.
South Africa can boast of thousands of the youngest millionaires as some of the youth are doing incredible businesses for themselves.
It feels great to accomplish this dream at a young age because you get more time to enjoy your wealth. The top ten youngest millionaires in South Africa inspire many young people worldwide. They achieve extraordinary things and break boundaries because they trust their guts.
Rising to the position of the youngest millionaire in South Africa is a remarkable achievement. Most of these young people do not come from wealthy backgrounds. They used critical thinking skills, started from the bottom, and pushed themselves to their current statuses.
These wealthy people prove that dreams are valid. These are the type of people you should look up to because their stories are worth reading.
The youngest millionaires’ list changes yearly because of the dynamic economic changes. However, some young millionaires have maintained their positions as the richest people in South Africa for years.
The richest kids in South Africa are ranked according to their wealth and net worth. So, who is the youngest millionaire in South Africa?
Below is a comprehensive list of the top 10 richest youngest business owners in South Africa in 2023 with their net worth and brief biography facts about them.
List of the top 10 richest young business moguls in South Africa
1. Vusi Thembekwayo – $36 million to $600 million
- Net Worth: $36 million to $600 million
- Age: 37 years old (as of 2022)
- Business: Director at RBA Holdings Ltd, and an Author
- Source of wealth: Entrepreneurship
- Wife: Palesa Thembekwayo
- Children: Amahle Thembekwayo
Who is the richest kid in South Africa? Vusi Thembekwayo is a 37-years-old and is the wealthiest young businessman in South Africa.
Vusi is an entrepreneur best known for his masterclasses. He is the founder of My Growth Fund and has made various investments, including real estate.
He was only 25 years when he joined the under 30 South African millionaires’ group. Vusi was already the youngest director at a multi-national company and was turning in more than R17bn annually while serving on the operations board.
He managed an R400mn department in a multinational company at 25 but currently owns a boutique and serves as a director in a listed company at 36.
The business magnate and motivational speaker enlighten people worldwide about leadership, strategy, and sales. He charges R100k per event for over 100 yearly motivational speaking invitations.
This inspirational young man, at the young age of 17, was already considered to be the number one motivational speaker in all of South Africa, and Africa. Vusi is one of the best Motivational speakers as well as keynote speakers who walk the earth currently and he has spoken on 4 continents out of the 7 continents in the world, reaching more than 250,000 people yearly.
He is known for his humorous delivery, his humor is one of the things he is most known for, by his diverse and expansive audiences worldwide.
Vusi is also a father and a husband. He is married to Palesa Thembekwayo. Vusi and his wife have a daughter named Amahle Thembekwayo.
2. Duduzane Zuma – $15 million
- Net Worth: $15 million
- Age: 33 years old (as of 2022)
- Business: Mabengela Investments
- Source of Wealth: Tech
He is the founder and head of Mabengela Investments. Mabengela Investments owns 12.5% of the Ayigobi Consortium. Additionally, Duduzane is the director of Island site Investments 254 and Sahara Computer, an ICT and telecommunications company.
Duduzane’s hard work and minimal family support took the 35-year-old to the young millionaires’ club in his 20s. He is a non-executive director of JIC Mining Services since 2008. Duduzane’s other businesses include Gemini Moon 254, Westdawn Investments, Afripalm Horizons, Karibu Hospitality, Shiva Uranium, and Sahara Holdings.
This successful young man is the son of the former president of South Africa, Jacob Zuma, and his wife Kate Zuma.
What is Duduzane Zuma’s net worth? Duduzane Zuma’s current net worth is $15 million (R240 million). Zuma’s accumulation of a net worth that goes as high as $15 million places him close to the top of the list of young South African millionaires. He married Shanica Stork in 2017.
3. Ludwick Marishane – $10-50 million
- Net Worth: $10 – 50 million
- Age: 31 years (as of 2022)
- Business: DryBath and Headboy Industries
- Appearance: Forbes
- Source of wealth: Business scientist and entrepreneurial inventor
Ludwick Marishane is one of the self-made millionaires in South Africa. The 31-year-old is the managing director of Headboy, a firm that deals with product development. The business scientist and entrepreneurial inventor is best known as the inventor of DryBath
He appeared in the Forbes 30 under African millionaires at the age of 25. Marishane invented a biodegradable and odorless gel that cleans the body without water when he was in high school and wrote a business plan in his first year at the university.
Ludwick established Headboy Industries to make and pack DryBath in small quantities for affordability. He graduated with a Bachelor of Business Science in accounting and finance from the University of Cape Town.
As was reported by Forbes, DryBath was an idea that he came up with when he was just in high school. DryBath is a gel one can use to bathe without the use of water.
Back in the year 2011, Ludwick was lucky enough to win a cash sum of 10,000 USD, along with other prizes.
With his funds, he is financing a global marketing endeavor that hopes to reach out to and secure contracts with big organizations like armies and airlines, as well as hotel groups in order to make DryBath a household name, and help save water.
What is Ludwick Marishane’s net worth? Ludwick Marishane is one of South Africa’s youngest business magnates. He is the founder of DryBath as well as the founder of Headboy industries. Ludwick Marishane’s net worth is between $10-50 million.
4. Adii Pienaar – $5.5 million
- Net Worth: $5.5 million
- Age: 35 years old (as of 2022)
- Business: The Woothemes
- Position: Co-founder
- Wealth Source: Tech
Adii Pienaar, a 35-year-old entrepreneur is among the richest business moguls in South Africa. He is best known as the co-founder of Woothemes company. He is the founder and chief executive officer of Cogsy.
The 35-year-old established it in 2007 at the age of 20 with a bootstrap budget. It developed unique and customized plug-ins and themes for WordPress, Tumblr, and more companies.
The company headed by this young man, known as Woothemes, is known for designing as well as developing themes that are both customizable and commercial, and also, plugins, all for WordPress.
Adii and his partners sold Woothemes to Automatic for a $30 million deal. He established PublicBeta company to create a platform for successful business people to mentor young local startups.
What is Adii Pienaar’s net worth? Adii Pienaar is an entrepreneur in Technology and currently has an estimated net worth of $5.5 million. He reportedly makes around $3 million in annual revenue.
5. Rapelang Rabana – $4 million
- Net Worth: $4 million
- Business: Rekindle Learning
- Appearance: Forbes
- Source of Wealth: Tech
Rapelang Rabana, a 39-year-old entrepreneur owns and runs a learning company called Rekindle Learning that implements technology in its teaching and training techniques. Forbes listed Rapelang under Under 30 Africa’s Best Young Entrepreneurs, and her net worth is over $4 million.
She graduated from the University of Cape Town in 2005 with a bachelor’s degree in business science (computer science specialty). Rabana co-founded Cape Town’s best software company named Yeigo Communications, after graduating.
6. Zinhle Jinaye aka DJ Zinhle – $3 million
- Net Worth: $3 million
- Age: 38 years old (as of 2022)
- Business: DJ
- Source of Wealth: Entertainment
DJ Zinhle’s net worth is R42 million, which is equivalent to $3 million. Zinhle is the CEO of Boulevard Nectar Rosé wine. She knew she was destined to be an entertainer from a tender age and went for it.
The most peculiar thing about the 38-year-old DJ is that she chose a male-dominated music section and brought a revolution to Mzansi’s deejaying. Many uprising female DJs look up to her.
7. Sandile Shezi – $2.5 million
- Net Worth: $2.5 million
- Age: 29 years old (as of 2022)
- Business: Global Forex Institute
- Source of Wealth: Digital Trading
The South African-born businessman, Sandile Shezi, is the founder and CEO of Global Forex Institute. Shezi is formally from the dusty streets of Umlazi, a township situated in the South of Durban.
He later graduated with a National Diploma in Public Relations, Advertising, and Applied Communications from the Durban University of Technology and completed a global leadership course at Harvard University.
Sandile is one of the top South African Forex millionaires, a globally renowned motivational speaker, and a globetrotter.
This young man started early in high school when he sold muffins to the jeers of his schoolmates and peers.
Determined to make something of himself, he went into Forex trading and made a big move that could have easily backfired and left him distraught, he traded the money that was supposed to be for his education. The move paid off, and he got his big break.
What is Sandile Shezi’s net worth? Sandile Shezi is one of the most popular South African millionaires in 2023. Sandile has an estimated net worth of $2.5 million in 2023. He made all his fortune from digital trading, investments, and other endeavors
8. Bernard Parker (1.5 million)
- Net Worth: $1.5 million
- Age: 36 years old (as of 2022)
- Birthday: March 16, 1986
- Birthplace: Boksburg, South Africa
- Spouse: Wendy Cherry (m. 2012)
- Current team: Kaizer Chiefs
- Height: 1.70 m (5 ft 7 in)
- Number: 25
- Position(s): Attacking midfielder; forward
- Business: Footballer
- Source of Wealth: Sports
Bernard Parker is a South African professional association footballer who plays as a midfielder or striker for Kaizer Chiefs.
Parker started his professional football career playing for Thanda Royal Zulu in the Premier Soccer League, where he made 70 appearances before a one-year loan to Serbian side Red Star Belgrade.
Bernard Parker’s net worth in 2023 is over $1.5 million (R22 million). He is a forward-second striker at Kaizer Chiefs. The player was born on 16th March 1986 in Boksburg, Gauteng, South Africa, and is the second richest player in PSL.
9. Doug Hoernle ($1-5 million)
- Net Worth: $1 million to $5 million
- Age: 31 years old (as of 2022)
- Birthplace: Cape Town, South Africa
- Business: Tutor
- Source f Income: Education
Doug Hoernle tutored matrix students while studying at the University of Cape Town. He later established Rethink Education, an online tutorial business.
While still a student at the University of Cape Town, at the young age of 19, Doug started a business where he tutored matric students.
According to 31-year-old Hoernle, over 500,000 students enjoy the fun learning techniques on this platform. Doug Hoernle’s net worth is around $1-5 million.
Following his tutoring business, he began selling wines at inexpensive rates for birthdays or anniversaries, or both. The wines had personalized labels and eventually, it led to a big opening for him at the City Bowl Market.
10. Rupert Bryan – $1 million
- Net Worth: $1 million
- Business: ISP Web Africa
- Position: Chief operating officer
- Annual Salary: R130 million per annum
- Source of Wealth: Tech
This is one member of this list who started really early, aged 14. By the time he was that age, Rupert was already running his very own web-developing company and by the time he got to the age of 16, a friend asked him to come along with him on a joint venture, and that was it.
Currently, he is ISP Web Africa’s chief operating officer. This company that was started from basically nothing now turns in more than R130 million per annum.
Other Richest Business Owners In South Africa
11. Mike Eilertsen
This young, 35-year-old entrepreneur started out as a waiter before becoming the founder of the famous company known as the LIVE OUT LOUD media group. When Mike was much younger, he made a database that was made up of more than 100.000 contact information of the top businessmen in South Africa. From this step, he soon got the idea to begin a millionaire’s magazine, and in the year 2007, in the month of November, his company, LIVE OUT LOUD, was born.
12. Murendwa Mmabasotho
The common saying goes that what a man can do, a woman can do, possibly even better. Maranda is a multimillionaire who owns a string of various businesses which range from printing to logistics. She is known for being focused, poised, and altogether humble.
13. Max Hussman
Max Hussman is the founder of the Elegance group. Through the Elegance group, the young man runs an aviation business as well which includes, Elegance air, aviation counseling as well as sports consulting. Max was born in Accra but was raised in the European country, Germany. He made South Africa his home, and the Elegance group has been thriving and making an indelible mark on the aviation industry in South Africa.
Summary of the youngest millionaires in South Africa in 2023
Below is the full list of the youngest South African business owners in 2023
|Rank||Name||Net Worth In Dollars|
|1||Vusi Thembekwayo||$36 million to $600 million|
|2||Duduzane Zuma||$15 million|
|3||Ludwick Marishane||$10-50 million|
|4||Adii Pienaar||$5.5 million|
|5||Rapelang Rabana||$4 million|
|6||DJ Zinhle||$3 million|
|7||Sandile Shezi||$2.5 million|
|8||Bernard Parker||1.5 million|
|9||Doug Hoernle||$1-5 million|
|10||Rupert Bryan||$1 million|