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Street Vendor to Millionaire: The inspiring story of Basetsana Kumalo, 2022 Net Worth revealed

Shaz Kau by Shaz Kau
August 27, 2022
in Entertainment, South Africa
0
Basetsana Kumalo

Basetsana Kumalo: Image source @Instagram

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Judging from her fame and luxurious life today, one can not tell Basetsana Kumalo has from rags to riches story, her 2022 net worth has been revealed. The businesswoman and beauty pageant comes from humble beginnings; she paved the way for herself to become a self-made millionaire in the tough economy of South Africa.

Basetsana Kumalo struggled to make ends meet while growing up. The notion of being rich and famous to her was just a dream she could never think would come true. However, she hit her jackpot in the entertainment world and stretched her wings to become an entrepreneur.

Basetsana Kumalo
Basetsana Kumalo when she was young: Image source @Instagram

Humble beginnings, the story of Basetsana Kumalo

Basetsana Julia ‘Bassie’ Kumalo was born in Soweto to Philip Makgalemele and Beatrice Makgalemele, her father was a bus driver, while her mother was a school teacher. Her parent’s salary could not sustain Basetsana and her three siblings, so they used to make sandwiches to sell so they could have an extra income.

The former Miss South Africa would sell sandwiches and boiled eggs in the streets of Soweto; that’s how her entrepreneurship skills began. Although she was helping her parents to make an extra income, the experience of selling at a young age motivated her to be the prominent businesswoman she is today.

Basetsana Kumalo
Basetsana Kumalo and her net worth: Image source @Instagram

Basetsana Kumalo’s education and career

The business tycoon studied for her primary school at Thabisang Primary School in Soweto and her matric at Trinity Secondary School in Lenasia. She passed her matric with good grades, enrolled for tertiary education at the University of Venda, and majored in an Education course.

Basetsana Kumalo
Basetsana Kumalo: Image source @Instagram

At 16, she became Miss Soweto, later auditioned for Miss South Africa and won the crown. During her reign as Miss South Africa, she scored a presenting gig on the Top Billing reality show. She mastered the art of escaping poverty through financial independence and wealth creation. Since her breakthrough in the entertainment industry, Basetsana has learned the techniques of turning lemons into lemonade.

Basetsana Kumalo 2022 Net worth

What’s fame without money to show for it? From the humble ghetto of Soweto to being one of the most wealthy television personalities in Mzansi. Basetsana Kumalo has managed to use her fame in the entertainment industry to build a thriving business empire. Her hard work seems to pay her off as she lives in an R25 million mansion and drives expensive vehicles. As of 2022, Basetsana Khumalo has an estimated net worth of R201 million.

Read more:

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