10 Richest Forex Traders in South Africa (Updated for 2024)

When it comes to forex trading in South Africa, some of the most successful forex traders include Sandile Shezi, Ref Wayne and George van der Riet. These individuals have achieved remarkable success through their trading strategies and dedication to mastering the forex market.

Ref Wayne

Ref Wayne
Image Source: Facebook.com

First name worth mentioning is Ref Wayne, whose interest in trading goes back to high school.

Based on the consensus of experts, Ref Wayne is considered the top forex trader in South Africa..

In fact, he actually dropped out of high school in 2011. After a couple of weeks, he started trading, and by the age of 19, he successfully made his first million.

Since he had a rough childhood, he established the Ref Wayne Foundation in order to help other unprivileged children.

He is also the author of a book entitled “The Art of Trading”, which includes both theoretic and actionable steps regarding technical Forex strategies.

What’s Ref Wayne’s net worth?

Ref Wayne net worth is approx. $500 million or R8,797,000,000 Rand.

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Jabulani Ngcobo

Jabulani Ngcobo
Image Source: Viralfeed.co.za

Jabulani Ngcobo born in 1985 is the author of the the book called “Cashflow Naked”. His book is not only a biography but also a lesson of financial education. At the same time, it’s worth noting that Ngcobo comes from a disadvantaged background, which is a testimony that anyone can succeed as long as he/she is determined and ambitious.

What’s Jabulani Ngcobo’s net worth?

Jabulani Ngcobo net worth is $2.4 billion (estimated) or R41,486,603,000 Rand.

You might like also this article: Top Forex Youtube Channels

It’s also worth checking out this article: The Richest Forex Traders in the World

Recommended for you: Top Rated Forex Mentors

Sandile Shezi

Sandile Shezi
Image Source: Youtube.com

Sandile Shezi is another renowned Forex trader and is also one of the youngest billionaires in South Africa. He has established the “Global Forex Institute”, a successful company that caters for the lower income bracket.

A word of caution: It is good to mention here that GFI Global Forex Institute has been under close scrutiny during 2015.

Interestingly enough, he began trading currencies when he was only 12 years old. He used the money he made in order to trade Forex when he was still in school. That’s why Global Forex Institute offers free training to young people. This is his way of giving back to the community, aiming at helping others attain financial freedom.

However, Sandile Shezi didn’t take any Forex training courses, so it’s possible to become rich even if you don’t have any financial education.

What’s Sandile Shezi’s net worth?

Sandile Shezi’s net worth is $2.4 billion (estimated)

George Van Der Riet


George Van Der Riet is another self-made millionaire from South Africa on our list. This guy seems to be in his 40’s and according to his Internet profile on LinkedIN he has a solid financial background from UK banking sector but he is originally from Cape Town. He claims he was working for several banks as a forex trader back then. Currently he is behind the famous “Global Forex Institute” together with his business partner Sandile Shezi.

George is a car fan and owns a collection of fast and luxurious cars according to his Instagram (https://www.instagram.com/georgedotcc/?hl=en)

What’s George Van Der Riet’s net worth?

George Van Der Riet’s net worth is $20 million (estimated)

Louis Jr. Tshakoane

Louis Tshakoane
Image Source: Pressportal.co.za

Louis Jr Tshakoane is the founder and president of Undercover Millionaire’s Currency. His goal was to create a network for business people so that they could communicate ideas and strategies. A key concept lying at the foundation of the company was giving something back to the community.

What’s Louis Jr Tshakoane’s net worth?

Louis Tshakoane’s net worth is not publicly available.

Reabetswe Shongwe

Reabetswe Shongwe
Reabetswe Shongwe is a very famous female currency trader from South Africa who is disrupting the forex industry.

Not only she is good looking philantropist but she is also a co-founder of GFI Institute (together with Sandile Shezi and George van der Riet) and the CEO of Women in Forex and Entrepreneurship (W.I.F.E). Her goal is to empower females and young people to achieve financial freedom through entrepreneurship and forex.

What’s Reabetswe Shongwe’s net worth?

The net worth of Reabetswe Shongwe is not publicly available.

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