What Is Black Coffee’s Net Worth?
Born Nkosinathi Innocent Maphumulo in 1976 in Umlazi, Durban, Black Coffee has probably surpassed all his clansmen’s expectations for him.
The deejay who recently won a Grammy Award for Best Dance/Electronic Album is undoubtedly one of the most successful deejays in Africa.
His superb skills on the decks, his songwriting and production skills as well as his sharp business mind have earned Black Coffee millions.
What is Black Coffee’s net worth?
As of 2022, Black Coffee’s net worth, according to Forbes, is about $60 million, which is roughly equivalent to R875 million.
His incredible net worth places Black Coffee among the richest celebrities in South Africa and by far, the richest deejay in Africa.
Black Coffee, the deejay and producer.
Black Coffee began spinning the decks back in 1994 but only gained international prominence after participating in the Red Bull Music Academy in 2004.
In 2005, he started his own record label, Soulistic Music, and produced his self-titled album Black Coffee in the same year.As of 2022, Black Coffee has produced nine studio albums and a live DVD.
Throughout his career, Black Coffee has worked with fellow great artists, including DJ Maphorisa, Burna Boy, Drake, Usher, David Guetta, and Mi Casa, among others.
He has performed all over the world in some of the biggest events, including the Coachella Valley Music and Arts Festival in 2016. During the summer of 2018, he toured across Europe to perform in various venues. He also has deejay residencies in Ibiza and Las Vegas.
Black Coffee is one of the most expensive acts to book in South Africa. Sources indicate that he charges at least $100000 or R1.5 million per event.
The money he earns from his live performances, albums, licensing fees, and awards, have contributed significantly to Black Coffee’s net worth.
Black Coffee’s businesses
Other than being a skilled deejay, Black Coffee is also a shrewd businessman and has investments in different businesses.
Here are some of Black Coffee’s money-minting businesses that have helped build his net worth:
Gallo Record Company
In 2020, DJ Black Coffee reported that he had obtained a significant amount of shares at the oldest and largest record label in South Africa- Gallo Record Company.
The Johannesburg-based record label has been in operation since 1926 and has handled some of the greatest musicians in South Africa, including Lucky Dube, the legendary Mahotella Queens, Sipho Hotstix Mabuse, and Thandiswa Mazwai, among others.
In 2018, Black Coffee got equity at an African technology company called Yoco. Yoco is a sales payments provider that works with SMEs.
The company is among the fastest-growing in the Fintech industry. It works with over 150000 businesses and makes a revenue of about $6.9 million per year.
Zone 6 Venue
Black Coffee is the owner of one of the most high-profile clubs in Mzansi called Zone 6 Venue in Soweto.
The club, which has a capacity of 3000 people, is a favourite hangout spot for celebrities, including Cassper Nyovest, AKA, Euphonik, and Kwesta.
In 2017, Black Coffee bought stakes at Sweepsouth, which according to him, is like Uber for home cleaning and has over 7000 cleaners.
Black Coffee also has stakes in three other companies, namely Andela, Epione Healthcare Solutions, and GOSPËL, which generate revenue and adds to Black Coffee’s net worth.
Black Coffee’s cars.
Black Coffee’s net worth affords him the best rides in the world, and he drives in only the best cars.
Some of the cars that Black Coffee owns include:
- Mercedes Benz G Station Wagon
- CLK Mercedes
- Black Coffee’s house.
It is reported that Black Coffee is the owner of several mansions both in South Africa and the US.
His stately house in South Africa is estimated to have cost him about R7.4 million, which is a tiny fraction of Black Coffee’s net worth. It is also reported that it is grander than his New York mansion.
Does Black Coffee own a private jet?
In 2018, Black Coffee booked a private jet for the entire summer for his tour in Europe. When he shared his photos next to the luxurious aircraft, some of his fans jumped to the conclusion that Black Coffee had bought himself a private jet.
Black Coffee quickly clarified that he had only hired the private jet, but he didn’t own one yet. He further explained that buying a jet was not one of his immediate plans.