Every once in a while you read a spectacular rags-to-riches story. Said featured person came up with a great business plan or found a loophole in the way they invest and seemingly become rich overnight.
Many people think that about South Africa’s youngest millionaire, Sandile Shezi. Shezi was able to create wealth for himself through forex trading and has even co-founded an institute to help others do the same. Before you hop on board Shezi’s program, however, you may want to know Sandile Shezi’s net worth and how he was able to become so wealthy at such a young age.
Sandile Shezi’s Profile:
Net worth in 2017: $2.3 million
Source Of Wealth: Forex trading
Residence: South Africa
Citizenship: South African
Marital Status: Single
Education: No formal education
Sandile Shezi’s Career
Shezi has been quoted saying that “Inside every rich man is a poor kid that followed his dreams.” It has been reported that he has had the heart of an entrepreneur since a young age. His first business venture, selling muffins at school, got him started on what is sure to be a long journey in the business world. The young man’s yearning for more lead him to make what many people would consider a foolish decision.
At the age of 23 most individuals are just getting life started. They’ve just graduated from college and may be seeking a new job, starting a family and even doing a bit of traveling. Not Shezi. He decided to take a huge risk. Instead of going to school, Shezi took the money he had set aside for his education and invested it in forex trading.
Forex (or foreign exchange) trading is defined by Investopedia as the trade of currencies from around the world and includes all aspects of buying, selling and exchanging currencies at current or determined prices. For example, if you want to purchase an item from France either you or the company you purchase the item from much convert U.S. Dollars to Euros. There are many restrictions in the foreign exchange market but with some education, as Shezi personally demonstrated, you can make money through forex trading.
Shezi came from an “average” family and didn’t have much money to invest. So how did he do it? What is Sandile Shezi’s net worth and how did the 23-year-old accumulate such wealth?
Sandile Shezi’s Net Worth
The 23-year-old millionaire began trading during his first few years of college. He dropped out during his third year (without his parents knowing) to focus on trading full time. Not many people would have made such a risky move but it paid off for Shezi.
Now he is able to continue focusing on forex trading full time as the Managing Director and co-founder of the Global Forex Institute. The Global Forex Institute was designed by Shezi and George van der Riet to provide others with affordable and effective Forex training. Shezi hopes to extend the same opportunities that have been given to him to others.
With the regular income from forex trading and the cashflow from his business, Shezi isn’t doing too bad for himself. One thing is for sure, he’s is no longer walking door-to-door selling muffins and if he continues to focus on building his wealth Sandile Shezi’s net worth will continue to climb.
Editors Update: In November of 2021, was charged in a South African court of defrauding his business partners of 500,000 Rand. The story is here.
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