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DJ Shimza boasted about being a billionaire after sharing a photo of his incredible bank balance… South Africans, including rapper Cassper Nyovest, are envious!
The musician, real name Ashley Raphala, responded to a tweet from an industry colleague who expressed his desire to make his first billion dollars.
SHIMZA NET WORTH
Despite boasting about having over R1 billion in his Nedbank bank account – which he later claimed was not true, the DJ is worth much, much less than that.
Ke bone mohlolo ka monday 😭 pic.twitter.com/Dwx0POoNlv
— SHIMZA (@Shimza01) March 15, 2023
According to Briefly, Shimza is worth $5 million – roughly R90 million.
The publication reports that DJ Black Coffee is the real billionaire with a fortune of $60 million (R1,1 billion).
Last month, The South African reported that Cassper was listed as one of Mzansi’s richest rappers, with a net worth of $6 million (R110 000).
5 WAYS HE MAKES HIS MONEY
While he may not be a billionaire, Shimza is an astute businessman.
Here are five ways he makes his money.
DJ gigs
In a tweet posted in August 2022, Shimza revealed he charges between 7000-10000 Euros (R136 000- R195 000) per gig.
I charge between 7 and 10k Euros pic.twitter.com/QGvuhcjIPJ
— SHIMZA (@Shimza01) August 17, 2022
Kunye music festival and Kunye Records
Shimza is the brainchild behind a music label and a popular annual festival – first launched in 2021 – which he called “Mzansi’s Coachella.”
https://www.instagram.com/reel/Co4upqZJeQ3/?utm_source=ig_embed&ig_rid=a94c3fd2-9217-46da-9fef-68421f8027e5
Hang Awt restaurants
Shimza first opened his Tembisa restaurant in 2019. Following its success, he opened another branch in Midrand in 2021.
https://www.instagram.com/p/CoCDJh2NjfF/?utm_source=ig_embed&ig_rid=bd6a409a-6cd1-40f9-99a6-252d10dfcdbd
A trucking and logistics business
In early 2021, Shimza revealed he started a trucking business named Lekganyo, named after his daughter, whom he shares with an unknown ex-girlfriend.
My first truck 🙏🏾🙏🏾🙏🏾😊😊😊 Lekganyo is my other company named after my daughter ❤️🕯Let’s get working 🙏🏾🙏🏾🙏🏾🙏🏾 pic.twitter.com/4vXsDU78ux
— SHIMZA (@Shimza01) April 14, 2021
Endorsement deals
Shimza is the ambassador for multiple brands, including alcohol brand Ballantine, Amstel, and clothing label Diesel.
Portugal tomorrow, Berlin on Saturday and Martinique on Tuesday @dieselsouthafrica got me 🕺🏾 #Shimza #MajorOne #Diesel #DieselSouthAfrica #LetTheWorldDance pic.twitter.com/SMPfQ14hFT
— SHIMZA (@Shimza01) May 16, 2019