Man invested $100 million in a South African abalone farm and it paid off….

There’s a video making rounds on the Tick Tock streets where a presenter of ONE37pm, Will, asks a man who appears to be in his early 50s, “what’s the riskiest investment you ever took??”…..see the video below:


This gentleman invested $10M into a farm that grows abalone. At current market price for abalone the farm generates approximately 60 million in yearly revenue. Abalone is a highly sought after commodity primarily enjoyed by asian consumers. @Will #abalone #abalonefarm #southafricantiktok #seafoodfarm #entrepreneur #interview #wallstreet

♬ original sound – ONE37pm

An abalone is a gastropod mollusk that lives in coastal saltwater, it ranges in size from 4 to 10 inches. It has a single shell on top and uses a large foot to cling to rocks and eat algae.

Luckily, the investment paid off handsomely in the end:


Replying to @seanmillea_ Here is a more detailed description of the Abalone species and trade for those who want to dive deeper ?? #abalone #abalonefarm #sealife #seacreatures #strangeanimals #mollusk #rarefishmarket

♬ original sound – ONE37pm

Abalone has extremely rich, flavorful, and highly prized meat that is considered a culinary delicacy, and it falls under the world’s most expensive seafood. Abalone is mostly sold live in the shell, frozen, or canned.

It is often cut into thick steaks and pan-fried though it can be eaten raw or added to other dishes.

Get South Africa’s latest entrepreneurial or business success stories delivered right to your inbox — Sign up to Entrepreneur Hub SA’s newsletter today ⬇️⬇️⬇️

eBook: 50 South African Entrepreneurs Reveal HOW THEY MADE IT

1 Comment

  • Wow, incredible weblog structure! How lengthy have you been blogging
    for? you made blogging look easy. The overall glance of your
    web site is wonderful, as smartly as the content material!
    You can see similar here ecommerce

Leave a Reply

Your email address will not be published. Required fields are marked *