As you already know, forex trading is a lucrative business in South Africa. The rand is one of the top traded currencies in the world and forex traders can make a profit quickly. Currently, we do not know any broke forex traders in South Africa, if you do, let us know. And speaking about rich forex traders, there is one who has made a name for himself in the industry and amassed a lot of wealth. He is Jabulani Ngcobo AKA Cashflow.
Jabulani Ngcobo
Jabulani Ngcobo is a man who needs no introduction. He was born in 1985 and worked his way up as a forex trader to owning one of the biggest foreign trading investments, Cashflow Properties. He is one of the youngest millionaires in the country and has poured his financial lessons and journey into a book called Cashflow Naked.
His Networth
Unfortunately, there is no full audit of his businesses and assets so we can’t accurately estimate how much he is worth. However, according to reports on his forex trading ventures, Jabulani Ngcobo is worth $2.4billion.
Brief background of the richest forex trader in South Africa
There is little to no information on Jabulani Nqobo regarding his life before his rise to success and fame. However, what we know is, that he had his secondary education at Langa High School in Clermont. He earns multiple incomes as a motivational speaker, author, investor and businessman.
Most successful forex traders in South Africa
Jabulani Nqobo isn’t the only forex trader who has made a name for himself and amassed great wealth in the industry. There are also big players in the game who are worth mentioning.
George Van Der Riet
George is a popular forex trader who has steadily climbed to the top of the industry. He is a Cape Town native and furthered his studies and a major part of his career abroad. He mainly worked with banks and forex industry as a consultant and took all that knowledge and experience into starting his own company, the Global Forex Institute.
Ref Wayne
Ref Wayne went into forex trading after several failed career opportunities and businesses. He learned the ins and outs of forex trading and is now one of the top 10 forex traders in a country. He also chalked a huge milestone when he became a multimillionaire at such a young age.
