Top 10 Youngest Millionaires In South Africa 2024

In the space wealth and success, timing and talent play a key role. Some individuals, despite their young age, have managed to unlock the doors to prosperity by harnessing their unique abilities early in life. South Africa boasts a remarkable array of young millionaires who have not only discovered their talents but have also leveraged them to attain significant financial success. These individuals stand out as shining examples of what can be achieved with dedication, foresight, and a dash of entrepreneurial spirit. Join us as we delve into the lives and net worths of South Africa's top 10 youngest millionaires of 2024, each a testament to the power of ambition and innovation in the pursuit of wealth.

Here is the list of the top 10 youngest millionaires in South Africa as of 2024, along with their estimated net worths:

Top 10 Youngest Millionaires in South Africa

• Vusi Thembekwayo - $35-40 million
• Mike Eilertsen - $21.2 million
• Cassper Nyovest - $15 million
• Duduzane Zuma - $15 million
• Khanyi Mbau - $10 million
• Ludwick Marishane - Between $10 and $50 million
• Adii Pienaar - $5 million
• DJ Zinhle - $5 million
• Bernard Parker - $5 million
• Sandile Shezi - $2.3 million

1. Vusi Thembekwayo - $35-40 million

Vusi Thembekwayo, born on March 21, 1985, is a prominent entrepreneur and the wealthiest young man in South Africa, with a net worth estimated between $35 and $40 million. He is renowned for his masterclasses and is the founder of My Growth Fund, through which he has made strategic investments, including in real estate. Thembekwayo's entrepreneurial journey and investment acumen have been instrumental in building his wealth and reputation. His success serves as a beacon of inspiration for aspiring entrepreneurs, highlighting the potential for financial success through innovation, strategic thinking, and perseverance.

2. Mike Eilertsen - $21.2 million

Mike Eilertsen, at 41 years old in 2023, has established himself as a successful entrepreneur with a net worth of $21.2 million. He is best known as the founder of LIVE OUT LOUD, a prominent media group. Eilertsen's entrepreneurial journey began at a young age when he started a database of South Africa's leading businessmen, showcasing his early interest in business and networking. Through his innovative ventures and business acumen, Eilertsen has achieved remarkable success, solidifying his position as one of South Africa's most influential entrepreneurs. His story serves as an inspiration to aspiring business leaders, highlighting the possibilities that can be achieved through determination, vision, and hard work.

3. Cassper Nyovest - $15 million

Refiloe Maele Phoolo, known by his stage name Cassper Nyovest, was born on December 16, 1990, making him 32 years old as of 2023. He has achieved a net worth of $15 million through his successful music career. Cassper Nyovest began his journey in music at the age of 12 and has since become one of the most prominent names in the South African music industry. His talent, hard work, and dedication to his craft have not only earned him financial success but also a place in the hearts of music lovers across the country. Cassper Nyovest's story is a testament to the power of perseverance and passion in achieving one's dreams.

4. Duduzane Zuma - $15 million

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Duduzane Zuma, born on May 20, 1982, has carved out his own path to success despite being the son of former South African President Jacob Zuma. While his family background may have provided a foundation, Duduzane has independently amassed a net worth of $15 million through his business investments. His entrepreneurial endeavors and strategic investments have been instrumental in building his wealth. Duduzane's ability to forge his own identity and achieve financial success serves as a testament to his business acumen and determination.

5. Khanyi Mbau - $10 million

Khanyisile Mbau, known as Khanyi Mbau, was born on October 15, 1985, making her 37 years old as of 2023. She has earned a net worth of $10 million through her diverse career in acting, television hosting, and artistry. Khanyi Mbau is renowned as the richest young woman in South Africa, celebrated for her contributions to the entertainment industry.

She began her acting career at a young age, landing her first role at the age of eight, and has since become a household name in South African mainstream and social media. Mbau's success serves as an inspiration to many aspiring artists and entrepreneurs, highlighting the potential for achieving great success through talent, hard work, and dedication.

6. Ludwick Marishane - Between $10 and $50 million

Ludwick Marishane, born in 1991, has made a significant impact as a business scientist and entrepreneurial inventor, with a net worth estimated between $10 and $50 million. His innovative spirit and dedication to product development are evident in his role as the managing director of Headboy, a firm focused on bringing innovative products to market.

Marishane gained widespread recognition for inventing DryBath, a waterless bathing lotion that revolutionized personal hygiene, particularly in areas with limited access to water. His entrepreneurial journey and commitment to creating impactful solutions have not only earned him a spot among South Africa's top 10 millionaires but have also positioned him as a beacon of inspiration for aspiring innovators and entrepreneurs.

7. Adii Pienaar - $5 million

Adii Pienaar, born in 1987, has established himself as a successful entrepreneur, amassing a net worth of $5 million. He is widely recognized as the founder and CEO of Cogsy, a testament to his innovative spirit and business acumen. Prior to Cogsy, Pienaar co-founded WooCommerce, an e-commerce platform, before eventually selling it.

His entrepreneurial journey also includes the founding of PublicBeta in 2013, further showcasing his knack for identifying and capitalizing on emerging opportunities. Pienaar's dedication to his craft and his ability to turn ideas into profitable ventures have been instrumental in his success, solidifying his position as one of South Africa's youngest millionaires.

8. DJ Zinhle - $5 million

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DJ Zinhle, born Ntombezinhle Jiyane on December 30, 1983, has become a prominent figure in South Africa's music scene, amassing a net worth of $5 million through her successful DJ career. She embarked on her journey in 2004 at the age of 21, quickly rising to fame. Her breakthrough came when she became a resident DJ on Jika Majika, a popular youth dance show on SABC 1.

Since then, DJ Zinhle has continued to captivate audiences with her electrifying performances, solidifying her status as one of South Africa's top female disc jockeys. Her entrepreneurial spirit and passion for music have not only earned her a devoted fan base but have also contributed significantly to her impressive net worth.

9. Bernard Parker - $5 million

Bernard Parker, born on March 16, 1986, has made a name for himself as a talented soccer player, amassing a net worth of $5 million. His skills as a striker and midfielder have earned him recognition, particularly during his tenure with clubs like the Kaizer Chiefs.

Parker's talent also extended to representing his home country in the 2010 FIFA World Cup, showcasing his abilities on an international stage. His success in the world of soccer has not only brought him personal acclaim but has also contributed significantly to his impressive net worth.

10. Sandile Shezi - $2.3 million

Sandile Shezi, born in 1993, has made a name for himself as a forex trader, boasting an impressive net worth of $2.3 million. He proudly holds the title of the youngest self-made millionaire in South Africa. Shezi's journey to financial success is as inspiring as it is unconventional. During his school days, he sold muffins to his peers, using the profits to kickstart his forex trading ventures.

Despite warnings against such risky behavior, Shezi even ventured to trade with his school fees, a move that ultimately paid off handsomely. Today, his story serves as a beacon of hope and a testament to the power of determination and foresight in the pursuit of wealth.