Louis Jr Tshakoane: The rich kid who lives a luxury life with alleged 'stolen' money

Louis Jr Tshakoane: The rich kid who lives a luxury life with alleged 'stolen' money

- Lousi Tshakoane Jr is a reality television star and self-proclaimed millionaire, not to mention he has a pretty famous father

- He was featured on Vuzu AMP’s Rich Kids, where he showed off his luxury lifestyle

- But, his love for money got him in trouble with the law

PAY ATTENTION: Click "See first" under the "Following" tab to see Briefly news on your News Feed!

Tshakoane Jr is allegedly one of SA’s youngest millionaires and he is also the son of former Kaizer Chiefs and Bafana Bafana spokesman, Louis Tshakoane.

The millionaire, who is in his 20s, was first introduced on Vuzu AMP’s reality series, Rich Kids, a show that follows some of South Africa’s wealthiest young people.

Viewers had front row seats to Tshakoane’s life- which included luxury cars, lavish homes, designer clothing and even a personal chef, whom he pays R5000 a meal.

Tshakoane showed off his two German machines on the show, a R800 000 Audi Rs3 and a R1.7 million BMW M4 Coupe. Both vehicles has his company’s name, Undercover Millionaires, branded on.

READ ALSO: Real Rich Kids of South Africa: A look at the lavish life of Nape Pasha

Although his exact net worth is unknown, it is believed the majority of his money is made through Forex trading. And by looking at the various social media accounts for him, none of which are verified, it is evident he lives a luxury life.

However, Briefly.co.za learned Tshakoane Jr has a neck for getting into trouble. In 2017, Forex trader millionaire Andile Mayisela accused the KwaZulu-Natal born rich kid of owing him R275 000.

“I’ve learnt the hard way. I was investing in him as my fried. I gave him the money in October and expected a 25% return in December, but up to now he hasn’t paid me. He owes me R275 000. I’m not angry at him, but he goes around telling people I work for him and that my success was inspired by him.”

According to a Daily Sun report last year, Tshakoane allegedly used Mayisela’s money to go on luxury trips in Dubai and America.

In March 2018, the self-proclaimed millionaire was arrested for allegedly running a pyramid scheme that stole R20 million from investors.

Take a look at his Vuzu AMP episode below:

Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.

To stay up to date with the latest news, download our news app on Google Play or iTunes today.

Top 5 richest men in South Africa on Briefly. Everyone, quick: off the top of your head, name a billionaire. Now, think hard and name two or three South African billionaires. How about more? Don’t worry, we have gathered this extremely interesting information for you!

Source: Briefly.co.za

Related news
Teen hailed a hero for rescuing boy, 5, stuck under reversing car

Teen hailed a hero for rescuing boy, 5, stuck under reversing car

Hero teen rescues Cape Town boy who was stuck under reversing car
Briefly.co.za
Mailfire view pixel