Top 12 youngest millionaires in South Africa 2024 (net worths revealed)

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.

youngest millionaires in South Africa
Youngest millionaires in South Africa. Photo: @mbaureloaded, @vusithembekwayo, @djzinhle, @casspernyovest (modified by author)
Source: UGC

TABLE OF CONTENTS

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

Read also

Who are Shark Tank's cast? Names, pictures, children, net worth

  • 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.

Read also

Mpoomy Ledwaba celebrates achieving 'Forbes Africa 30 Under 30' at age 29: "Papa, this one is for you and me"

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

youngest millionaires in South Africa
Bernard Parker posing for pictures. Photo: @bernard_parker_25 (modified by author)
Source: UGC
  • Date of birth: 16th March 1986
  • Age: 37 years (as of 2023)
  • Net worth: $5 million
  • Source of wealth: Soccer career

Read also

KykNET's Die Real Housewives van die Wynlande's cast (with images), bios and release date

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

youngest millionaires in South Africa
DJ Zinhle posing for pictures in gorgeous green and black outfits. Photo: @DJ Zinhle (modified by author)
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

Read also

Candy Magidimisa who plays Shaz Mukwevho in 'Muvhango' launches marketing company: "This is my safety net"

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

richest young woman in south africa
Khanyi Mbau posing for pictures. @mbaureloaded (modified by author)
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

Read also

Citizen Mbatha's journey to pursue higher education in America: A plea for support

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

richest kid in south africa
Duduzane Zuma smiling for a picture and addressing the public. Photo: @duduzane_zumaofficial, @duduzanezuma22 (modified by author)
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

Who are the richest families in South Africa?
Cassper Nyobvest is pictured outdoors. Photo: @casspernyovest (modified by author)
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

Read also

Jay Z's net worth rises to R45 billion and maintains richest rapper title

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

youngest millionaires in South Africa
Vusi Thembekwayo posing for pictures. Photo: @vusithembekwayo (modified by author)
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.

Read also

Trevor Noah wins Erasmus Prize, becomes 1st comedian to bag the honour in 60 years, Mzansi proud: 'Well done"

Recap of the youngest millionaires in South Africa in 2024

Youngest millionaires in South Africa
Photo: canva.com (modified by author)
Source: UGC

RankNameNet worth (USD)
1Vusi Thembekwayo$35-40 million
2Mike Eilertsen$21.2 million
3Cassper Nyovest$15 million
4Duduzane Zuma$15 million
5Khanyi Mbau$10 million
6Ludwick Marishane$10-$50 million
7Adii Pienaar $5 million
8DJ Zinhle $5 million
9Bernard Parker $5 million
10Sandile Shezi$2.3 million
11Doug Hoernle$1 - $5 million
12Murendwa 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.

Read also

SA billionaires who love giving back to society: Patrice Motsepe, Douw Steyn, Christo Wiese and 2 others

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.

READ ALSO: Top 20 water parks in Gauteng with the most thrilling experiences

Briefly.co.za recently published a list of the water parks in Gauteng with the most thrilling experiences. Did you know Gauteng is the smallest of the nine provinces in South Africa?

Read also

Hard-working female veggie farmer receives praises for diligence: "Well done"

Gauteng is situated on the Highveld and is home to more than a quarter of South Africa's population. The province is highly urbanised and is made up of Johannesburg, Sandton, Midrand, Vanderbijlpark, and Pretoria.

Source: Briefly News

Authors:
Maryn Blignaut avatar

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 avatar

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.