South Africa's richest woman speaks up about becoming billionaire

South Africa's richest woman speaks up about becoming billionaire

The CEO of Sygnia and anti-corruption activist, Magda Wierzycka, is one of the wealthiest women in the country. She was recently interviewed by Radio 702 and opened up about her path to riches.

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Magda said that even though she had a tough childhood, she considers herself very lucky.

She arrived in South Africa as a 13-year-old refugee from Communist Poland and rose to the very top of the male-dominated world of finance.

"I spent about a year in a refugee camp - very much like the pictures you see of Syrian refugees. I arrived in South Africa not speaking the language and with no money whatsoever."

When Magda was still at school in Pretoria, she worked at a supermarket to help her family. She struggled with English, but excelled in maths and science, and earned herself a bursary to study actuarial science.

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South Africa's richest woman speaks up about becoming billionaire

South Africa's richest woman speaks up about becoming billionaire
Source: Instagram

She co-founded Sygnia Group and became its CEO in 2006. Sygnia is a leader among asset managers in South Africa when it comes to the provision of low-cost, passively-managed investments.

"South Africa has been very good to me and I am a proud South African rather than being a very proud Polish person, which I'm not."

Magda says that she doesn't think about money but likes nice clothes and online shopping.

"I don’t have a huge attachment to material things… We live in an apartment."

She agrees that money is a great enabler as she has travelled the world because of it.

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When asked if she has ever wasted money, she responded:

"Bitcoin! Bitcoin! Bitcoin! Bitcoin! I bought my first Bitcoin at $4 000 and my last Bitcoin at $18 000… I was completely caught up... I’ve lost so much money!"

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Source: Briefly.co.za

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