Vusi Thembekwayo net worth in 2020.
Today, we profile Vusi Thembekwayo, one of South Africa’s business moguls and public speaker. He’s gained prominence in public speaking across the globe.
|Date of Birth||March 21, 1985|
|Net Worth||$550 million|
|Source of Income||Venture capital, public speaking,|
|Children||Amahle Thembekwayo, Vusumuzi Nathaniel Thembekwayo III|
|Ventures||My Growth Fund|
Vusi Thembekwayo is a venture capitalist, a renowned global speaker, an author and a business mogul who has successfully built and transformed businesses across Africa.
This post gives an in-depth analysis of how Vusi made this fortune over the past decades. His empire is one everyone can emulate from. In recent years, Vusi has been invited to speak at 21 global cities about thought-provoking topics that have inspired thousands.
Vusi was forced to drop out of university at the end of his first year because of financial constraints.
He walked the full length of two malls in the East Rand, handing out his CV door-to-door, store to store, but after six weeks he still couldn’t secure employment.
Vusi then used his international networks (gained through public speaking) and his cellphone, and began recruiting learners in South Africa for jobs in the UK and Australia.
This initiative birthed his first company – GPSA (Global Professionals South Africa) – a global recruitment agency that he ran from his township bedroom.
Currently, he is the CEO of a boutique investment & advisory firm in Africa. Leading by example, his firm forces medium, large and listed businesses into much needed, often painful, always lucrative new directions.
Having graced the covers of Entrepreneur Magazine, with features on Forbes and Inc500, his social media engagement often mirrors that of a Rockstar.
Vusi then sold a portion of his business to a Johannesburg-based digital agency in an effort to digitise his company.
Too early for the digital revolution and having poorly chosen partners, Vusi was soon out of business and money.
But at the age of 22 Vusi received a life-changing opportunity – he was offered a position at a corporate finance company. Here he refined his skills in corporate finance and became one of the go-to leverage finance guys in the team.
He combined his skills in finance with public speaking and after one speaking engagement he walked away from the event with a job offer.
He went to high school at Benoni High School and continued to Hult Business School, Wits University and University of Pretoria.
Vusi Thembekwayo Net Worth
Vusi Thembekwayo’s net worth is estimated to be US$550 million as of November 2020.
His net worth in Rands is R8.5 billion.
Vusi Thembekwayo sources of income
A lot of young people who look up to him often ask, how did Vusi Thembekwayo make his money? As a serial entrepreneur, Vusi Thembekwayo made his wealth from several sources of income.
Vusi’s major source of income is from public speaking. Over the years he’s gained both local and international appeal with his public speaking skills. He gets paid to speak at top-notch events all over the world.
According to the young man, he accepts about one hundred events invitations annually and charges about $8,000 (R100 000) per event. This clearly shows that he’s making an average of $100,000 yearly from only public speaking.
Aside public speaking, Vusi also is a great author. His two most recent books did very well, through which he became a South African best-selling author.
According to information gathered from reliable sources, about 52 thousand copies of these books were sold. This is one of the ways Vusi is using to generate his personal wealth.
Vusi Thembekwayo started an investments company named My Growth Fund. This company scouts for startups with promising and profitable future and invest in them.
By 2030 Thembekwayo hopes to have built 300 sustainable black businesses by finding and nurturing high-growth black entrepreneurs through funding, incubation and enterprise development platforms.
Under My Growth Fund, Vusi has just launched #Top40, a mentorship programme which will take 40 high-growth businesses that turn-over R 1 million Rands, through an 18-month mentorship programme to scale up their businesses and progress to the next level.
Vusi Thembekwayo has a huge following on all his social media pages. YouTube for instance, he has a whooping 192,000 subscribers with over 8 million total views. My Growth Fund YouTube as has about 55,000 subscribers with a total view of 3 million.
As a genius and a serial entrepreneur, this is one of the several ways by which he’s been able to make such fortune.
Looking at how fast the entrepreneur is growing in terms of business and finance; it is obvious he’s going to turn a self-made billionaire soon.
My Growth Fund invests in 40 startups at a go. In return, Vusi Thembekwayo earn equity in these business after giving them support.