SA Brothers Behind WeBuyCars Earn R28.7 Million in 1 Year
- Brothers Faan and Dirk van der Walt, founders of WeBuyCars, earned a combined R28.7 million in the 2025 financial year
- The company reported a 13.1% jump in revenue to R26.4 billion and a 15% rise in core headline earnings, selling nearly 179,000 vehicles during the year
- Despite growing competition from affordable Chinese brands, WeBuyCars says rising volumes and national expansion continue to drive strong performance
Source: UGC
The South African brothers behind WeBuyCars are raking in millions each month as their second-hand car empire keeps growing.
According to Business Tech, founders Faan and Dirk van der Walt earned a combined R28.7 million in the 2025 financial year. That is about an incredible R2.4 million a month.
How much did the brothers earn?
CEO, Faan van der Walt, earned R17.3 million, while Executive Director Dirk van der Walt earned R11.4 million. CFO Chris Rein earned R11 million.
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Their pay includes basic salaries, retirement benefits, share awards and performance bonuses. Notably, both brothers gave up part of their short-term bonuses so the money could be shared with other key staff members.
The company’s strong performance helped boost those earnings. Revenue rose 13.1% to R26.4 billion, while profits increased by 15%. The group bought 180,576 vehicles and sold 179,006 during the year, with monthly sales hitting a record 16,294 cars in November 2024.
Despite growing competition from affordable Chinese car brands shaking up South Africa’s new vehicle market, WeBuyCars believes this will eventually grow the used-car market too.
WeBuyCars Co-Funders; R866.4 million share sale
In related news, the WeBuyCars co-founders sold R866.4 million worth of shares, sparking speculation that the proceeds were intended to fund their acquisition of RMH. Reports state that AttBid, a company in which the co-founders hold a majority stake, has agreed to acquire RMH for R654.68 million as part of a strategic shift. WeBuyCars dismissed the speculation, clarifying that the two events are unrelated.
In a JSE announcement, the company said the share sale was part of the brothers’ personal investment diversification and estate planning. Co-founder Faan van der Walt added that they have long invested in Atterbury-related assets and had committed to the RMH opportunity before the share sale, emphasising that the timing of the sale and the RMH announcement is purely coincidental.
Source: UGC
Previously, Briefly News also reported that WeBuyCars offer a hassle-free way to sell your vehicle. In addition to cars, the company also deals in motorbikes, boats, trailers, caravans, and more, providing professional, top-notch services. Founded in 2001, WeBuyCars started on a small holding in Pretoria East with just two employees. Over the years, it has grown significantly, employing over 1,000 staff by 2020.
In May 2022, there were reports that Transaction Capital had acquired 49.9% of the shares in WeBuyCars for R1.8 billion. In other words, Faan and Dirk are not the company's sole owners. The company strives to be a market leader, implementing stringent measures to ensure customer satisfaction and fully adhering to the Consumer Protection Act.
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Proofreading by Kelly Lippke, copy editor at Briefly.co.za.
Source: Briefly News
