Sandile Shezi has an estimated net worth of R106 million as of 2022. However, the rumour mill has it that it might be more than that, given that he has not registered some of his assets under his name. At 23, he hogged headlines when it was reported that he had become a certified millionaire.
After all, he went on to show for it after he became the first purchaser of the then-released Ranger Rover Velar in Africa. He bought the beast at a market value of around R2.2 million. Since then, he has been securing the bag with Forex trading. In the wake of his big wins and reports, he has also spread his business trade to real estate.
Let’s dive into his business, which has made him one of the most celebrated entrepreneurs in South Africa and Africa.
First business ventures
Whilst still at school, the bubbly business mogul started selling muffins from his grandmother’s tuckshop. He made something from his sales and later turned into trading. Of interest is he used all his savings and business profits to furnish his craze of trading. He mastered the art of forex trading and bitcoin and the rest. An fA few years later, he was dupped as the godfather of forex trading.
In the wake of his big wins, he established the Global Forex Institute with his mentor George Van der Riet. Van der Riet has an illustrious career as a trader and has been trading for over a decade. He has since acclaimed himself as one of South Africa’s traders.
Global Forex Institute
The institute offers trading lessons to thousands of students across South Africa. It has since established several learning institutes across South Africa that provide face-to-face classes to 10 thousand of students to online lectures. Reports have it that a considerable chunk of his net worth comes from this institute.
Links with ANC
Like any other millionaire in South Africa, Shezi is an ANC supporter. However, the rumour mill has it that he is the wild card of several top officials who uses him to front their business and safeguard their investments. Seemingly he once sparked debate when viral pictures of him with some of the ANC bigwigs flooded social media. Some reports even claim that that’s why he has gotten away with several fraud allegations levelled against him.
Sandile Shezi Foundation
Given his rags-to-riches story, the celebrated forex trader has since decided to plough back to the community with a foundation named after him. The foundation’s main focus is mainly to help marginalised societies, with its main focus on education, health and welfare. It hopes to scale its educational beneficiaries to 25000 by 2025.
Fraud and Money Laundering Scandals
Several sources have it that a huge chunk of net worth comes from fraud and scams. In recent years he has been nabbed and brought before the courts for scamming his clients millions of rands. However, in the mix of things, he has since rubbished the claims. In the mix of things, he has even been acquitted in several cases levelled against him.