Top 12 youngest millionaires in South Africa 2024 (net worths revealed)
Every human being has a unique talent or skill they can exploit to become affluent. However, not everyone discovers or exploits their special ability early enough. The youngest millionaires in South Africa discovered and exploited their talents early. Today, they are featured among the wealthiest people in the nation.
Source: UGC
TABLE OF CONTENTS
- Youngest millionaires in South Africa in 2024
- 12. Murendwa Mmabasotho Mukwevho - $1 million
- 11. Doug Hoernle - Between $1 and $5 million
- 10. Sandile Shezi - $2.3 million
- 9. Bernard Parker - $5 million
- 8. DJ Zinhle - $5 million
- 7. Adii Pienaar - $5 million
- 6. Ludwick Marishane - Between $10 and $50 million
- 5. Khanyi Mbau - $10 million
- 4. Duduzane Zuma - $15 million
- 3. Cassper Nyovest - $15 million
- 2. Mike Eilertsen - $21.2 million
- 1. Vusi Thembekwayo - $35-40 million
- Recap of the youngest millionaires in South Africa in 2024
- Who are the youngest rich people in Africa?
- How many millionaires are there in South Africa?
- Who is the youngest kid millionaire?
- Who are the richest families in South Africa?
- Who is the richest kid in South Africa?
- Who is the richest teenager in South Africa?
Featuring on the list of the youngest millionaires in South Africa is no mean feat. Numerous people desire to be as rich as the people on the list below. These successful young people have inspiring life and career stories. They serve as role models for other South African youth.
Youngest millionaires in South Africa in 2024
South Africa is home to about 37,800 dollar millionaires in 2024. Among them are some young people with mind-blowing achievements. Discover the top 12 youngest millionaires in South Africa and their sources of wealth.
12. Murendwa Mmabasotho Mukwevho - $1 million
- Year of birth: 1990
- Age: 33 years (as of 2023)
- Net worth: $1 million
- Source of wealth: Entrepreneurship (Logistics, real estate, and printing)
Murendwa Mmabasotho Mukwevho is a millionaire who owns multiple businesses in logistics, real estate, and printing. She is the founder of a courier company called Mukwevho Enterprises.
She also manages a real estate company called PNM Properties, runs Morenda Printing Services in Maseru, and is the owner of Phomolong Guest House in Maseru. She is also a studio director at SABC Studios.
11. Doug Hoernle - Between $1 and $5 million
- Full name: Douglas Hoernle
- Year of birth: 1990
- Age: 33 years (as of 2023)
- Net worth: Between $1 and $5M
- Source of wealth: Entrepreneurship
Doug Hoernle is an experienced entrepreneur whose niche is in education technology. He has founded many innovative technologies and is the founder and chief executive officer of Karri Payments.
He started his first business at the age of sixteen. Although his exact net worth is yet to be established, he is one of the youngest millionaires, with a net worth of between $1 and $5 million.
10. Sandile Shezi - $2.3 million
- Year of birth: 1993
- Age: 30 years (as of 2023)
- Net worth: $2.3 million
- Source of wealth: Forex trading
Sandile Shezi, a forex trader, is the self-declared youngest millionaire in South Africa. He has an estimated net worth of $2.3 million.
He sold muffins in school and used the proceeds to start forex trading. He also traded with his school fees, something young people are not encouraged to do.
9. Bernard Parker - $5 million
Source: UGC
- Date of birth: 16th March 1986
- Age: 37 years (as of 2023)
- Net worth: $5 million
- Source of wealth: Soccer career
Bernard Parker is a talented soccer player with an estimated net worth of $5 million. He is best known as a striker and midfielder for different clubs, including the Kaizer Chiefs. He played for his home country at the 2010 FIFA World Cup.
8. DJ Zinhle - $5 million
Source: UGC
- Full name: Ntombezinhle Jiyane
- Date of birth: 30th December 1983
- Age: 39 years (as of 2023)
- Net worth: $5 million
- Source of wealth: DJ career
DJ Zinhle is a famous female disc jockey in South Africa with an estimated net worth of 5 million. She started her career in 2004 when she was about 21 years old. She got her big break as a resident DJ on Jika Majika, a youth dance show on SABC 1.
7. Adii Pienaar - $5 million
- Year of birth: 1987
- Age: 36 years (as of 2023)
- Net worth: $5 million
- Source of wealth: Entrepreneurship
Adii Pienaar has an estimated net worth of $5 million. He is the founder and chief executive officer of Cogsy.
He was the co-founder of WooCommerce, an e-commerce site, before selling it. He also founded PublicBeta in 2013.
6. Ludwick Marishane - Between $10 and $50 million
- Year of birth: 1991
- Age: 32 years (as of 2023)
- Net worth: Between $10 and $50 million
- Source of wealth: Business scientist and entrepreneurial inventor
Ludwick Marishane is one of the top 10 millionaires in South Africa. The self-made millionaire has a net worth of between $10 and $50M.
He is the managing director of Headboy, a firm that deals with product development. The business scientist and entrepreneurial inventor is best known for inventing DryBath.
5. Khanyi Mbau - $10 million
Source: UGC
- Full name: Khanyisile Mbau
- Date of birth: 15th October 1985
- Age: 37 years (as of 2023)
- Net worth: $10 million
- Source of wealth: Acting, television hosting, and artistry
Khanyi Mbau is the richest young woman in South Africa on the list. She is a famous actress, media personality, and artist with a net worth of $10 million. She landed her first acting gig at eight and is now a household name in South African mainstream and social media.
4. Duduzane Zuma - $15 million
Source: UGC
- Date of birth: 20th May 1982
- Age: 40 years (as of 2023)
- Net worth: $15 million
- Sources of wealth: Business investments
Duduzane Zuma is the son of the former president of South Africa, Jacob Zuma. Although he comes from an affluent family, he has made his own money from multiple investments. The South African businessman has a net worth estimated at $15 million
3. Cassper Nyovest - $15 million
Source: UGC
- Full name: Refiloe Maele Phoolo
- Date of birth: 16th December 1990
- Age: 32 years (as of 2023)
- Net worth: $15 million
- Source of wealth: Music career
Refiloe Maele Phoolo, alias Cassper Nyovest, is a successful musician with a net worth of $15 million. He started rapping at 12 and is now one of the household names in the South African music industry.
2. Mike Eilertsen - $21.2 million
- Age: 41 years (as of 2023)
- Net worth: 21.2 million dollars
- Source of wealth: Entrepreneurship
Mike Eilertsen is the founder of a media group known as LIVE OUT LOUD. He also started a database of South Africa’s leading businessmen when he was younger. His estimated net worth is 21.2 million dollars.
1. Vusi Thembekwayo - $35-40 million
Source: UGC
- Date of birth: 21st March 1985
- Age: 38 years (as of 2023)
- Net worth: $35-40 million
- Source of wealth: Entrepreneurship
Vusi Thembekwayo is the richest young man in South Africa, with a net worth of between $35 and 40 million. He is an entrepreneur best known for his masterclasses. He founded My Growth Fund and has made various investments, including real estate.
Recap of the youngest millionaires in South Africa in 2024
Source: UGC
| Rank | Name | Net worth (USD) |
| 1 | Vusi Thembekwayo | $35-40 million |
| 2 | Mike Eilertsen | $21.2 million |
| 3 | Cassper Nyovest | $15 million |
| 4 | Duduzane Zuma | $15 million |
| 5 | Khanyi Mbau | $10 million |
| 6 | Ludwick Marishane | $10-$50 million |
| 7 | Adii Pienaar | $5 million |
| 8 | DJ Zinhle | $5 million |
| 9 | Bernard Parker | $5 million |
| 10 | Sandile Shezi | $2.3 million |
| 11 | Doug Hoernle | $1 - $5 million |
| 12 | Murendwa Mmabasotho Mukwevho | $1 million |
Who are the youngest rich people in Africa?
Some of the youngest rich people in Africa are Vusi Thembekwayo, Mike Eilertsen, Cassper Nyovest, Duduzane Zuma, and Khanyi Mbau.
How many millionaires are there in South Africa?
There were about 37,800 dollar millionaires in South Africa at the end of 2022.
Who is the youngest kid millionaire?
Some of the kid millionaires you should know are Andy Fang, Gustav Magnar Witzoe, Ryan Breslow, Katharina Andresen, and Henrique Dubugras.
Who are the richest families in South Africa?
The richest families in SA include the Johann Rupert, Nicky Oppenheimer, Christoffel Wiese, Patrice Motsepe, and Koos Bekker families.
Who is the richest kid in South Africa?
Some of the young people who made plenty of money in their childhood and early adulthood are Vusi Thembekwayo, Mike Eilertsen, Cassper Nyovest, Duduzane Zuma, and Khanyi Mbau.
Who is the richest teenager in South Africa?
Sandile Shezi was the youngest teenager. He made money from forex trading.
The youngest millionaires in South Africa started their careers when they were pretty young. They have invested plenty of time and work in their skills and abilities to become the affluent people they are.
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Maryn Blignaut (Human-Interest HOD) Maryn Blignaut is the Human Interest manager and feature writer. She holds a BA degree in Communication Science, which she obtained from the University of South Africa in 2016. She joined the Briefly - South African News team shortly after graduating and has over six years of experience in the journalism field. Maryn passed the AFP Digital Investigation Techniques course (Google News Initiative), as well as a set of trainings for journalists by Google News Initiative. You can reach her at: maryn.blignaut@briefly.co.za
Peris Walubengo (Lifestyle writer) Peris Walubengo is a content creator with 5 years of experience writing articles, researching, editing, and proofreading. She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019. The writer completed a Google News Initiate Course. She covers bios, marketing & finance, tech, fashion & beauty, recipes, movies & gaming reviews, culture & travel. You can email her at perisrodah254@gmail.com.
