1 month ago
3
Xolane Ndhlovu, the newly minted South African black billionaire, a name synonymous with countless philanthropic deeds is a man of considerable wealth and one of the handful few within his cultural background that achieved successful accumulation of a disproportionate amount of wealth and still lives within the context of modesty and humility.
Conversely, the vast majority of true wealthy people distaste ostentatious displays of material possessions. They are conscious of their wealth and seek no validation from society over their status which allows them to prioritize social causes and philanthropic work over material displays.
Xolane Ndhlovu is no exception to this class of individuals. Whether funding educational research, students, donating to Covid 19 relief fund, Ukraine war victims, flood victims or simply giving a helping hand to a starving family on social media among other compassionate works you will find the association of the name Xolane Ndhlovu there.
The latest act of amazing deeds of the tech billionaire was revealed in the story of Thandile Ramza, a young unemployed mother of one from East London, South Africa who reached out to the crypto titan via Facebook asking for food money which she received and later a job, a car and a house.
The pictures in context reveals the dilapidating state of the house which Ramza’s mother left for her and siblings when she passed on which her initial aim when she showed it to Ndhlovu was to fix the leaking roof in which Ndhlovu in a post on his Instagram page said he immediately got seized by compassion over the rotten condition of the house and had to do something.
A three bedroom house according to the company which built it cost R770 000 excluding furniture to be built and sat imposing amidst other houses nearby. A source revealed that at the time of construction of the house the young mother did not meet the billionaire in person and had only known him through Facebook.
Ndhlovu who gave $1 million dollars to Ukraine war victims and R500 000 to South African Solidarity Fund for Covid was born in Burgersfort, South Africa in and grew up in a shack which he has now transformed into an imposing two storey 12 bedroom mega-mansion for his mother in a dusty street that is yet to receive a municipal water pipe which prompted the development of a borehole for his community.
Xolane Ndhlovu is estimated to be worth over R6.5 billion. His foray into blockchain technology propelled his personal fortune to R6 billion as of 2021 stemming from his holdings in Binance (BNB) and bets in tech focused startups which include DafriBank, Solana, Bolt and Polkadot.
The newly minted billionaire was the only African in the list of The 50 Richest People in Crypto 2021.
His newest bet on DafriPremier ( formerly DafriBank) a fintech company founded on a notion that Africa should have its own payment company built by those who understand its culture and market dynamism is aimed on dethronement of PayPal in the region and had attracted the interest of SoftBank one of the world largest investment banks
About the author
English (US) ·