Forex trading is one of the most popular investment opportunities worldwide, and Africa is no exception. With increasing accessibility to online trading platforms, a growing number of Africans have ventured into Forex trading and made significant fortunes. These traders have not only amassed considerable wealth but have also influenced the financial markets and trading communities across the continent.
In this article, we will introduce the top 20 richest Forex traders in Africa. Their stories reveal the potential of Forex trading as a wealth-building tool and provide valuable lessons for anyone interested in learning from their successes.
1. Sandile Shezi
Sandile Shezi is widely regarded as the richest Forex trader in Africa. Known for his bold decision to invest his university tuition in Forex trading, Shezi quickly made a name for himself in the market. His success allowed him to launch the Global Forex Institute, which provides education and mentorship to aspiring traders.
Estimated Net Worth: $2.3 million
Shezi’s risk-taking, coupled with disciplined trading strategies, has made him one of South Africa's most influential young entrepreneurs .
2. Jabulani Ngcobo (Cashflow Ngcobo)
Jabulani Ngcobo, also known as "Cashflow Ngcobo," is another top Forex trader in South Africa. His company, Cashflow Pro, is dedicated to educating young traders and helping them build wealth through Forex trading.
Estimated Net Worth: $2.5 million
Ngcobo’s focus on educating the youth and promoting financial literacy has earned him a prominent place in the African Forex trading scene .
3. Ref Wayne
Ref Wayne began trading Forex at the age of 16 and is now a millionaire. He founded the African Forex Institute and created Pipcoin, Africa’s first digital currency, further cementing his status as a pioneer in both Forex and cryptocurrency.
Estimated Net Worth: $1.5 million
Wayne is known for his educational efforts, offering free courses to help young Africans master Forex trading .
4. Shaun Benjamin
Shaun Benjamin became a millionaire by the age of 21 through Forex trading. He founded the Benjamin Forex Academy, which provides mentorship and training programs to new traders.
Estimated Net Worth: $1 million
Benjamin’s story of achieving financial success at a young age has inspired many young South Africans to pursue Forex trading .
5. Nelisiwe Masango
One of the few women to make a mark in the Forex world, Nelisiwe Masango is the founder of Bear Run Investments and FeFine Women, an initiative to empower women through financial education.
Estimated Net Worth: $1 million
Masango is a trailblazer for women in Forex trading, focusing on empowering others through mentorship and education .
6. George van der Riet
George van der Riet has over 15 years of trading experience and co-founded the Global Forex Institute with Sandile Shezi. His extensive knowledge of the Forex market has helped him amass significant wealth.
Estimated Net Worth: $1.1 million
Van der Riet’s experience and mentorship have influenced many traders across South Africa, making him a key figure in the trading community .
7. Sphelele ‘Sgumza’ Mkhize
Sphelele Mkhize, also known as "Sgumza," is the founder of Smart FX, where he teaches aspiring traders how to succeed in the Forex market.
Estimated Net Worth: $900,000
Mkhize’s success story and dedication to educating others have made him a respected figure in South African Forex trading .
8. Kgopotso Mmutlane (DJ Coach Tsekeleke)
Kgopotso Mmutlane, known as DJ Coach Tsekeleke, blends entertainment with Forex trading. He founded Forex Broker Killer (FBK) and uses his social media presence to teach and inspire others to trade Forex.
Estimated Net Worth: $850,000
Mmutlane’s unique approach has gained him a massive following, making him one of the most visible figures in South Africa’s trading community .
9. Simz D’Mandla
Simz D’Mandla is a successful Forex trader and founder of Trade4Africa, an educational platform aimed at empowering African traders.
Estimated Net Worth: $800,000
D’Mandla’s focus on financial education and his disciplined approach to trading have earned him recognition as one of Africa’s top Forex traders .
10. Louis Tshakoane
Louis Tshakoane is the founder of Undercover Billionaires, a Forex trading and investment training platform. He has also authored several books on financial success.
Estimated Net Worth: $1.3 million
Tshakoane’s focus on mentoring others has made him a popular figure in the Forex trading community, particularly among young traders .
11. Sibusiso Ngwenya
Sibusiso Ngwenya is a successful Forex trader who has built a reputation for his disciplined trading approach and ability to educate others through online mentorship.
Estimated Net Worth: $750,000
Ngwenya is recognized for his contributions to growing the Forex trading community in Africa, particularly through his educational efforts .
12. Lindo Myeni
Lindo Myeni is known for his disciplined and data-driven approach to Forex trading. He mentors young traders and shares his knowledge through various platforms.
Estimated Net Worth: $700,000
Myeni’s focus on education and discipline in trading has earned him respect as one of the leading Forex traders in Africa .
13. Mervyn Maluleke
Mervyn Maluleke has built a successful career in Forex trading by focusing on long-term strategies and mentorship. He is a frequent speaker at trading seminars.
Estimated Net Worth: $650,000
Maluleke’s ability to mentor and guide others in the market has made him a popular figure among aspiring traders .
14. Andile Mazwai
Andile Mazwai is not only a Forex trader but also an investor and entrepreneur. His diverse financial interests have made him one of the wealthiest traders in South Africa.
Estimated Net Worth: $600,000
Mazwai’s investment acumen and trading strategies have earned him a place among Africa’s top Forex traders .
15. Thapelo Molefe
Thapelo Molefe is known for his success in Forex trading and for creating educational content to help young traders navigate the complexities of the market.
Estimated Net Worth: $580,000
Molefe’s contributions to the education and mentorship of young traders have made him a significant figure in the Forex trading world .
16. Tebogo Sako
Tebogo Sako is a professional Forex trader and mentor who has built a substantial following through his trading tips and strategies.
Estimated Net Worth: $550,000
Sako’s commitment to educating others has helped him grow his influence and wealth in the Forex trading community .
17. Sabelo Mahlangu
Sabelo Mahlangu has developed a reputation for his technical analysis skills and mentorship, helping others achieve success in Forex trading.
Estimated Net Worth: $530,000
Mahlangu’s technical approach to the Forex market has made him a trusted mentor for traders looking to develop their skills .
18. Vusi Thembekwayo
While Vusi Thembekwayo is better known as an entrepreneur, he has also achieved success in Forex trading. His expertise in financial markets has allowed him to diversify his portfolio and increase his wealth.
Estimated Net Worth: $500,000
Thembekwayo’s business acumen and success in Forex trading have made him a prominent figure in South Africa’s financial sector .
19. Dumisani Chitata
Dumisani Chitata is a self-taught Forex trader who has gained recognition for his disciplined approach to trading and his efforts to educate others.
Estimated Net Worth: $480,000
Chitata’s focus on financial literacy and mentorship has helped him build a strong reputation in the Forex trading community .
20. Sydney Madibo
Sydney Madibo is a successful Forex trader known for his risk management strategies and educational programs aimed at helping others enter the market.
Estimated Net Worth: $450,000
Madibo’s disciplined approach to trading and focus on risk management have earned him a spot among Africa’s top Forex traders .
Conclusion
Africa’s Forex trading scene is thriving, with several individuals making significant fortunes in the market. These 20 traders have not only achieved personal wealth but have also contributed to the growth of financial literacy and trading education across the continent. Their journeys reflect the potential of Forex trading to create substantial wealth, but also underscore the importance of discipline, risk management, and continuous learning.
As more Africans turn to Forex trading, these traders will continue to serve as role models, guiding others toward financial independence and success.
