In the years gone by, wealth used to be a preserve of the elderly. The richest kids in South Africa are enough evidence of the fact that the tide has changed with these new sets of SA’s youngest millionaires. The door to riches is now open to everybody, regardless of age. Granted, not everybody can attain wealth; once in a while a special breed of young people comes along. They come equipped with powerful minds and the special talents that can turn ordinary ideas into cash cows.
I highlight the youngest millionaires in South Africa whose birth, ideas, and talents have produced something special in the current time and space. We want to discover what they are doing, and what we can learn from them.
Top 10 Richest Kids in South Africa [Youngest Millionaires]
1. Vusi Thembekwayo
Vusi Thembekwayo is a leader of today and a leader of tomorrow. He is a motivational speaker par excellence; one of the best in South Africa currently. He has held motivational events on 4 continents and speaks to more than 250 000 people per year. Vusi Thembekwayo was already a renowned public speaker by the age of 17. By the time Thembekwayo was 25, he was sitting on the board of a multi-national with a yearly turnover of over R17bn.
His speaking is spiced with humor, and that is one factor that draws huge audiences to him. He is already quite established as a brand, and the sky is the limit for this man.
2. Adii Pienaar
Adii Pienaar is another one of the richest and most vibrant youngest millionaires in South Africa. He is a tech magnate; his company known as Woothemes designs and develops custom commercial themes and WordPress plugins.
Woothemes has a turnover of more than $3 million annually from its WordPress themes, and the company has now branched out into several content management systems, such as Tumblr.
Adii Pienaar has also divested his interest. He has created a knowledge-sharing (or knowledge selling platform called PublicBeta. PublicBeta gives successful entrepreneurs a space to transfer their knowledge to new entrepreneurs and their startups.
3. Duduzane Zuma
Duduzane Zuma is the son of the former President of South Africa, Jacob Zuma. He has already made a name for himself as an investor of repute. He owns a company known as Mabengela Investments which holds a 12.5% stake in the Ayigobi Consortium, and several.
Duduzane Zuma, though reserved and private is looked at as an example of what a young person can achieve.
4. Mike Eilertsen
Mike Eilertsen, one of the wealthiest young people in South Africa, rose from being a waiter to being one of the loudest young success stories in South Africa. He is an entrepreneur who is proud of his Mzansi roots. Mike is the founder of LIVE OUT LOUD Media Group Company. The media company was established in November 2007.
Mike does media highlights of the top businessmen in South Africa, profiling them as Forbes does. He was able to do this because at a young age he already had a database comprising over 100 000 contact details of the top shots in the country.
5. Sandile Shezi
Sandile Shezi discovered his taste for making money when he started selling muffins at school. He has said that a lot of people laughed at him. However, later on, Shezi became famous when he put his tuition fees into forex trading. That was a mad move, but it brought him money, fame, and a career that he probably would not have had if he had followed through with school.
Today, Sandile Shezi, one of the youngest millionaires in South Africa, has founded a school; an institute of learning forex. He teaches people of all ages how to successfully trade the financial markets, and he also holds multiple speaking events. Every forex broker wants Sandile Shezi to be associated with their company because his face has become synonymous with the audacity to take risks and win.
6. Rupert Bryan
Rupert Bryan is an IT guy and sixth on our list of richest kids in South Africa. He was already on his path to fame and success at the young age of 14 when he was already running his own web developing firm. Another opportunity presented itself when he was offered a chance to join a friend on a joint venture- he was 16 at the time.
Today, Bryan is the chief operating officer at the ISP Web Africa. Rupert Bryan, together with his friend founded ISP Web Africa with nothing at all and grew it to a R130m per year venture.
7. Doug Hoernle
Doug Hoernle is a businessman with multiple business interests. When Doug was 19 years old, he was a student at Cape Town University. He observed his environment and noticed the difficulty that fresh students had with coping with the demands of University work. This inspired him to start a tutoring business for matriculating students.
After that, Doug Hoernle went on to sell cheap wines with personalized labels for each buyer. These wines were mostly consumed at parties like birthdays.
Today, Doug Hoernle has established himself in the educational products sector as the founder of Rethink Education and co-founder of Bambisa which is a popular school communication application.
8. Murendwa Mmabasotho
Murendwa Mmabasotho is the first female on our list of richest kids in South Africa. She is a multimillionaire entrepreneur with business interests ranging from printing to logistics. Murendwa is famous for her humble nature; she does not allow her success to get into her head, and make her look down on others.
9. Max Hussman
Max Hussman joins the list of South Africa’s youngest millionaires all thanks to the success of his company the Elegance Group. His company is a lifestyle enhancement one; Elegance Group runs Elegance Air which is an aviation business that helps people fly in style.
Other aspects of Elegance Group include Elegance Sports and Aviation, which makes the Elegance Group a diversified investment.
Another noteworthy fact about Max Hussman is that he was born in Accra, Ghana, grew up in Germany but chose South Africa as his home and business turf.
10. Ludwick Marishane
Ludwick Marishane is a famous South African genius and entrepreneur. He is the brain behind DryBath gel, which he created. DryBath gel is a unique product that cleans the body as a bath would. Many people now use it when it is not possible to take a bath.
Ludwick Marishane is the founder of Headboy Industries. He is using part of his money to give back to society through a host of charities and outreach programs.
Having read through this article on the richest kids in South Africa one could try to pressure his kids to pursue big goals. While a little motivation can be beneficial, it is certainly counterproductive to put too much pressure on young kids just because you want them to excel. Remember that talents must be nurtured and developed and that as a parent it is your duty to offer guidance to your children so that they can realize their potentials. Who knows, we may be celebrating your son or daughter very soon as the youngest millionaires in South Africa.