With an illustrious career spanning years, Vusi Thembekwayo has quickly become one of the most celebrated African entrepreneurs and businessmen.
Vusi Thembekwayo also doubles as an author and public speaker. Over the years, he has made a fortune from his illustrious career, leaving many to guess about his net worth.
VUSI THEMBEKWAYO OPENS UP ABOUT HIS ALLEGED NET WORTH
He is undoubtedly dubbed one of the wealthiest entrepreneurs in SA, but how much is his net worth? Against the trends, Vusi Thembekwayo broke the silence about his rumoured net worth, which has often seen him making headlines.
Rumour mill alleges that Thembekwayo has an estimated net worth of R11 billion. However, the businessman has downplayed his rumoured net worth in a now-viral clip he shared on Instagram.
View this post on Instagram
A post shared by VT (@vusithembekwayo)
He said he was even shocked by his ‘net worth’ being reported by the media. Vusi Thembekwayo, CEO of the MyGrowthFund Venture Partners, made it known that his ‘Google net worth’ was ‘not true.’ However, he also made it known that he was not poor either.
Just like those before him, he didn’t reveal his net worth. He has it that the taxman audited him after his ‘alleged net worth’ made headlines. Vusi Thembekwayo’s video has undoubtedly gained thousands of comments and reactions since it dropped.
IS HE A BILLIONAIRE?
Fans were left to guess his net worth after he downplayed the one peddled by media outlets. Despite keeping his net worth under wraps, Mzansi has connected the dots regarding his business portfolios.
According to Forbes, at 21, Vusi Thembekwayo ran a black-owned Forensic Marketing agency. At 25, he was the youngest director on the Johannesburg Stock Exchange.
At 29, he was among the most sought-after public speakers and has over 200 presentations across 21 countries. Forbes reports that Vusi Thembekwayo was charging up $8 000, which amounts to R150 000.
However, the publication added that at 30, he had influence over shares worth R5.6 billion from seven companies. Over the years, he has fast become a brand and has seemingly made a fortune, but Vusi Thembekwayo’s net worth as of 2024 is unknown.
COMPANIES HE HAS REPORTEDLY WORKED WITH
However, according to BuzzSouthAfrica, he has been associated with several companies, which include:
MyGrowthFund Venture Partners (Founder and Chairman)
Motiv8 Advisory
IC Knowledge Bureau
Watermark Africa Fund Managers
The Innovation Village
The Silicon Cape Initiative
MyGrowthFund Venture Partners (Founder and Chairman)
Motiv8 Advisory
IC Knowledge Bureau
Watermark Africa Fund Managers
The Innovation Village
The Silicon Cape Initiative
RBA Holding Limited
Southern African Venture Capital & Private Equity Association
Metacash
EDUCATION
Vusi Thembekwayo completed an Advance Management programme – Cum Laude in Commerce at the University of the Witwatersrand. He has a post-graduate diploma in Business Administration from the Gordon Institute of Business Sciences.
However, he has an Executive MBA from Hult International Business School. He also studied Corporate Finance (Advanced Valuation), Finance Modelling and Valuation at INSEAD.