Top 5 South African Youth Millionaires

Top 5 South African Youth Millionaires

5 of the SA’s wealthiest people are under 35 years old. One thing all the below listed entrepreneurs have in common, is that they started small from a very young age. Some say that you have to be born with a mind for this big venture, others say it can be taught. Whatever it may be, the following people go the full hang of it.

Below is a list of young people who are the richest in South Africa:

1. Vusi Thembekwayo, Age: 27

vusi thembekwayo

At the age of 17, Vusi was already ranked 1st in Africa for motivational speaking. As one of the best motivational speakers and keynote speakers alive today he has spoken in 4 of the 7 continents to over 250 000 people each year… At 25 years-old Vusi was the youngest director of a multi-national turning over R17bn a year, where he served on the operations board. His humour is the glue that binds some of his most diverse audiences in the world.

2. Adii Pienaar,  Age: 29

Adii Pienaar

Pienaar’s company, Woothemes, designs and develops customizable commercial themes and plugins for WordPress. The company, which Adii founded in 2007 with a bootstrap budget, generates over $3 million in annual revenues from the sale of its themes. Woothemes also develops and sells themes for other content management systems, including Tumblr. He is also the founder of PublicBeta, a service that allows very successful entrepreneurs to transfer knowledge to new startups.

3. Duduzane Zuma, Age: 32

Duduzane Zuma

Duduzane Zuma is the son of the President of South Africa, Jacob Zuma and Kate Zuma. Duduzane Zuma through his company Mabengela Investments holds a 12.5% stake in the Ayigobi Consortium. The same Ayigobi is part of AMSA’s BEE deal in respect of 26% of the company’s operating assets, together with an employee stock ownership plan (ESOP), for an aggregate value of R9.75bn.

4. Mike Eilertsen, Age:25

Mike Eilertsen

Mike was a teenage waiter turned into entrepreneur, turned into the founder of LIVE OUT LOUD media group company. When he was younger, he had comprised a database with over 100 000 contact information on South Africa’s top businessmen. Then he developed the idea to start up a millionaire’s magazine and November 2007 was the birth of LIVE OUT LOUD.

5. Sandile Shezi, Age: 23

Sandile Shezi

Shezi’s story began with selling muffins at school, for which he was laughed at. Then he traded in all the money that was supposed to be for education, a big move that turned him into a millionaire. Forex Trading. That was his breakthrough.

Source: YouthVillage

Date exctacted: 20/12/2018

How Sandile Shezi Made Millions at the Age of 24

How Sandile Shezi Made Millions at the Age of 24

At the age of 23, Sandile Shezi’s rise as a South African foreign currency investor and the country’s newest and youngest multimillionaire was not instantaneous. He started humbly in his hometown of Durban, selling muffins at his high school, but he always had big business dreams in the back of mind.

Shezi’s knack for seeing good ideas in unexpected places led him to selling clothes door-to-door, where he learned the ins and outs of business savvy and how to use rejection as extra motivation. Shezi had to drop out of university to keep his business going – which despite his success he still regrets, especially disappointing his parents who, as teachers, taught him the importance of a full education.

Soon, after reading about forex trading, Shezi took a chance, investing the remainder of his university tuition money into the heady, competitive world of online investing. With a natural inclination towards numbers and their patterns, and more than little common sense, Shezi soon saw success in the stock market game.

Global forex is the largest financial market in the world, trading non-stop from Beijing to London and New York around the clock, with over US$4-trillion changing hands every day on volatile and risky currency markets. With most trading done by banks and big corporations, it takes guts, skill and a bit of luck to tackle the market as an single investor.

Shezi admits that investment is risky, but with the right mindset and a little training in what to look for in the markets, anyone can do it. He calls South African mining and media magnate Sandile Zungu his business hero, who similarly began his career as a young risk-taker. “If he could do it, why can’t I?” Shezi says.

After conquering the investment world, Shezi decided to use his good fortune to give back to the community, particularly young South Africans with big dreams but no access to resources.

He founded the Global Forex Institute with the aim of recognising and mentoring notable young talent for the world of business, as well as teaching the skills needed to tackle the international stock market. “It’s about …making them understand when is the right time to buy, when is the right time to sell and how do you go about avoiding losing your capital,” Shezi told CCTV. “I want to make sure the masses know about trading.”

The Global Forex Institute is the only company in South Africa that provides foreign exchange training for free as a way to create employment and entrepreneurial opportunities for young people.

Shezi says in a country like South Africa, with high unemployment but a strong sense of entrepreneurship and natural business wisdom, people should be encouraged to follow their gut feelings and take risks when they have the right knowledge and ability.

Trading may not be the easiest or safest way to make a living, but investment skills and the ability to see the big picture can help in any business, large or small. His company offers free classes for prospective businesspeople and beginners looking to try their luck at investing.

So what’s next for this South African success story? In addition to his company and business education interests, Shezi wants to teach all South Africans about good money management and invest in the country’s unique businesses.

Humble in his success, Shezi says he is just a person who saw an opportunity and took a chance. Anyone, he says, can do it.

Why is Sandile Shezi Known as One of South Africa’s Youngest Millionaires

From his early beginnings selling muffins in high school (something he was laughed at for), to trading in all the money that was supposed to be for his education, Shezi has made a big move that has turned him into a businessman and millionaire.

Shezi took a risky move and became the youngest millionaire in South Africa, namely: Forex trading, an over-the-counter market in which the currencies of the world are traded. He was raised by both parents (teachers) and is from an ‘average Joe’ family.

Forex Trading, Making Money On The Internet

“Inside every rich man is a poor kid that followed his dreams,” he says on his Facebook account
He grew up in the same Durban township as his role model Sandile Zungu. Zungu, who is the executive chairman of Zungu Investments Company Limited, did a program in global leadership at the prestigious Harvard university. “If he can do it, why can’t I?” Shezi said during an interview with CCTV Africa.

“It is not a lot of young people who can make it out of this township and do well for themselves.”

 According to a News24 interview, Shezi mentioned that after selling muffins he started selling clothes, which he says taught him a lot about business and handling rejection, as it was a door-to-door sales. He decided to drop out of university during his third year to trade full time, without his parents knowing. He mentions that his parents at the time were disappointed with him for dropping out, but he did it to pursue his dreams, and now they remain fully supportive of him.

“People always say Sandile you are such an inspiration, who inspires you? [My answer] Poverty…”

Look at his cars:

He is now the co-owner and founder of the Global Forex Institute which aims at providing affordable, effective Forex training that works, to the masses. Global Forex Institute empowers the mass on doing the same thing that he did and educating them about Forex.

Source: News24