From Muffins to Millions: South Africa’s youngest millionaire Sandile Shezi

We have known for years about the different resources Africa as to offer. Now we are able to witness the people pave the way for innovation in technology and business. Many young people are starting to make names for themselves by investing in the market.

Sandile-Shezi2

South Africa, in particular, is starting to become more well known to the rest of the world. No, not for surfing, or their participation in the Rugby World Cup, but for the new crop of entrepreneurs that are emerging. Sandile Shezi is one of those people. At 23-years-old, Shezi is the country’s youngest self-made millionaire. As of 2016, Shezi’s net worth is estimated to be around $2.3 million. By day trading in the forex, or foreign exchange, market Shezi was able to earn his title.




Shezi’s net worth is directly connected to his love for muffins.

His story is fairly reminiscent of countless entrepreneurs. He began his journey as an entrepreneur at the age of 12 when he started selling. Throughout high school, Shezi would sell muffins and clothes door-to-door in his neighborhood. To bankroll his muffin business Shezi would use his tuition money. After a few years of selling muffins, Shezi learned about forex trading.

Sandile-Shezi

 

Basically, the forex market is where people go to trade currencies. In comparison to the stock market, the forex market is like the ocean and the stock market is a continent. In fact, in 2012 the Bank of International Settlements reported that the forex traded almost $4.9 trillion a day. That same year the BIS reported the stock market only traded $2,000 billion a day.

While Shezi was attending the Durban University of Technology he taught himself the basics of forex trading. After figuring out how the forex market worked Shezi decided to drop out of school to pursue day trading full-time. Using tuition for his upcoming school year Shezi began trading in the forex market. Dropping out was a very risky decision, but it helped increase Shezi’s net worth tremendously. Eventually, he did go back to school to earn his national diploma from DUT

When you have, a gift is better to share it with the world.

While Shezi’s net worth is definitely something to brag about it is his generosity that wins most people over. After becoming the youngest millionaire in South Africa, Shezi decided to help other people achieve their financial freedom. Joining fellow forex investor, George van der Riet, Shezi opened the Global Forex Institute.

The school operates out of Umhlanga, Sandton and Durban. Shezi, with the help of van der Riet, aims to give people the best forex training allowing them to become successful. For investors that cannot make it to the school in person, the school website has webinars and literature that will help with their training. Shezi also gives free training to people that need it. It is his goal to not only help people achieve their financial goals but to revitalize the job market in South Africa. Here is a recent interview of Shezi in which he shares his perspective.

When he is not working at the school of trading Shezi is telling his story in multiple speaking arrangements he has around the country. His story may not match everyone else’s, but it does show that with enough grit, determination and a little risk taking you can be just as successful.

Save More Money in 2018

Coins 1523383 1920

Subscribe and join the worldwide 52-week money challenge! Get the tools you need right to your inbox.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Share this post:

Recent Posts

One Comment

Leave a Comment

*

What’s the Best Free Recipe App?

The Apple Store and Google Play together offer more digital cookbooks than you probably have room for on your mobile device. So which... more →
New tax law might slow down housing market.

What Will the New Tax Law Do to the Housing Market?

The new tax law will have a profound impact on the housing market, although in ways that go beyond the deductibility of mortgage interest... more →

4 in 5 Households Will Get a Tax Cut in 2018

Four out of five U.S. households will get a tax cut as a result of the legislation that President Donald Trump signed into law today. more →
Will bitcoin reach $100,000?

When Will Bitcoin Reach $100,000?

Bitcoin has accelerated its pace of appreciation in recent months, and if the current levels between $15,000 and $19,000 make you itch... more →
The Dow Jones topped 24,000 -- now what?

The Dow Jones Crossed the 24,000 Threshold. Now What?

Stocks appear to be increasing in volatility, yet the markets closed on Monday, December 4 with the Dow Jones Industrial Average is... more →
Peer mortgage

Should You Get a Peer-to-Peer Mortgage?

If you can’t get approved for a home loan from a bank, you might want to look into applying for a peer-to-peer mortgage. more →
Investment gifting is awesome.

4 Things To Know Before You Donate an Investment

While donations of any kind are appreciated, gifting investments benefits both the giver and the receiver. Here are four key things... more →
Are you wondering: What's the Relationship Between the Stock Market and Federal Debt?

What’s the Relationship Between the Stock Market and Federal Debt?

Wouldn’t it be wonderful if gains in the stock market could actually reduce U.S. government indebtedness? If that were true,... more →
index funds, stock market, investment, investment choice

When Index Funds Are Not the Right Investment Choice

For most people, in most situations, index funds are the preferred investment vehicle. But there are also some people – or certain... more →