Louis Tshakoane Net Worth Before Arrest: Where Is He Now?

Louis Tshakoane was recently arrested on a fraud case at a funeral. So people are interested to know Louis Tshakoane net worth before his arrest. 

The former Kaizer Chiefs PR representative, Louis Tshakoane, was detained at a funeral.

Police were seeking Tshakoane, his wife, and his son in connection with more than R30 million in fraud, theft, and money laundering.

Tshakoane was thought to have left the nation in 2020 with his wife and son.

However, after speaking at Alex Shakoane’s funeral, the longtime Mamelodi Sundowns public relations officer was taken into custody.

According to Gauteng Hawks, Police also detained a second suspect in Kempton Park, who will testify with Tshakoane in court.

To find out how much was Louis Tshakoane net worth before his arrest, scroll this article until the end. 

Louis Tshakoane Net Worth: How Much Did He Make?

The exact figure of Louis Tshakoane’s net worth is unknown as of 2023. However, he is considered to be one of the most famous rich kids in South Africa.  

He is a millionaire 30 years old, born into a wealthy family, who launched his first Company as a teen. He was interested in business from a young age.

His very first venture was Botho Gym. Sir Richard Branson assisted him in starting the gym that is located in Tembisa.

Louis Tshakoane Net Worth
Louis Jr Tshakoane, alongside his Father. (Source: SowetanLIVE)

Sir Branson gifted the budding entrepreneur $200,000 worth of exercise gear. The decision was made after Louis brought Branson a business plan for a gymnasium.

Branson was taken aback by the suggestion and decided to help him. Louis founded the gym to protect the young people in his community from crime and drug and alcohol misuse.

He oversaw over 300 creative professionals while serving as general manager at Avatar Agency.

He has previously held positions at several other well-known businesses, including Lamborghini, a seller of premium automobiles, before moving to UBS in South Africa.

Through the large corporations he worked for, he developed the networks to help him in his future pursuits.

He became familiar with the financial sector during his time at UBS, and his exposure to the industry while working for the Company sparked his interest in forex trading.

So, we can say that Louis made a pretty good net worth working as a business person from such a young age. 

Louis Tshakoane In Jail: Why Was He Arrested?

Tshakoane and his family were accused of fraud, theft, and money laundering of more than R30 million.

Tshakoane is said to have spent some time evading the Police and his son. However, after Shakoane’s passing over a week ago, Tshakoane unexpectedly entered the spotlight again.

He appeared on practically all TV sports programs, newspapers, and radio shows that paid respect to the late Mamelodi Sundowns Executive.

Louis Tshakoane Net Worth
Louis Tshakoane was arrested while attending a funeral. (Source: News24)

After giving an emotional parting address, Tshakoane was immediately taken into custody by officers of the SA Police Service and tactical reaction team (amabherete).

When he returned to his seat, five to eight Police officers jumped on him and dragged him outside to a waiting Police car.

Tshakoane was a member of the provincial Safa (South African Football Association) institutions after leaving Amakhosi and eventually rose to the position of president of Safa Ekurhuleni.

The Rich Kids reality show, which Vuzu TV aired in 2016, initially raised concerns about the man’s source of riches.

His business is involved in bitcoin trading. He has been referred to as a con artist and fraud by some.

He once addressed these accusations. He asserted that those who had invested in his bitcoin trade but were impatient with the business were his accusers.

The appropriate authorities issued an arrest warrant for the Tshakoane family in late May 2018. The fact that Louis Jr. Tshakoane was incarcerated became widely publicized.

He purportedly denied these accusations on Facebook, claiming he had been in Dubai on vacation and not behind bars. An unconfirmed account using his identity posted the message.

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Louis Tshakoane Is The Founder Of Undercover Billionare International

Louis learned via his business dealings that millionaires and businesspeople did not trust one another.

His new business, Undercover Millionaires International, was founded due to this realization.

The new business endeavor planned to create a network of business professionals who would communicate to pool their resources, knowledge, and ideas.

Giving back to the community and improving people’s lives is one of the critical components of Undercover Millionaires.

The business offers young people a stage to present their ideas and helps them through the execution phase.

He provided free Forex seminars to students in May 2019 and opened trading accounts for each. Undercover Billionaires, another holding firm he owns, supports young people.

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