According to Forbes’ annual ranking of dollar billionaires, diamond magnate Nicky Oppenheimer is the richest man in the country with a net worth of $7.3 billion. He is joined by familiar names – such as luxury goods boss Johann Rupert ($5.5 billion), mining and minerals tycoon Patrice Motsepe ($2.4 billion), media mogul Koos Bekker ($2.3 billion), and Capitec founder Michiel le Roux ($1.2 billion). .
The 2019 UK Sunday Times Rich List pointed to several local billionaires who call the United Kingdom home, and who aren’t tracked by Forbes – including South African/Swazi businessman Nathan Kirsh, Manfred Gorvy, Douw Steyn among others. Cyril Ramaphosa is a wealthy man, there’s no secret there. However many South Africans aren’t fully aware of just how rich the nation’s leader truly is. Ramaphosa claimed that the majority of the nation’s wealth lies in the hands of predominately white men. Not necessarily white men …
Ramaphosa is indeed more than a billionaire with his net worth standing at R6.4 billion in 2018 alone. Well known as a businessman, the President owns 31 properties and help ownership in multiple companies such as McDonald’s and chaired the board of MTN. Ramaphosa was also a board member for Lonmin. On an international level, Ramaphosa is a member of the Coca-Cola Company International Advisory Board and the Unilever Africa Advisory Council. President owns 31 properties and help ownership in multiple companies such as McDonald’s and chaired the board of MTN. Ramaphosa was also a board member for Lonmin.
Motsepe (worth $2.6-billion) has made his fortune from various mining ventures, and his love of sport and philantrophy have made him a household name in Mzansi. Koos Becker runs the show at Naspers, and his media portfolio has seen him earn $2.4-billion over the years. Capitec Bank’s Le Roux is worth $1.3-billion.SOUTH AFRICA’S DOLLAR-BILLIONAIRES:
- Johann Rupert – $7.38-billion / R103.4-billion
- Nicky Oppenheimer – $7.35-billion / R102.98-billion
- Natie Kirsch – $6.16-billion / R86.3-billion
- Patrice Motsepe – $2.6-billion / R36.4-billion
- Koos Becker – $2.4-billion / R33.62-billion
- Michiel Le Roux – $1.3-billion / R18.21-billion
As of March 2020, the richest man in South Africa is Johann Rupert. His personal fortune of $7.4 billion / almost R110 billion – just pips that of Nicky Oppenheimer. Patrice Motsepe, Koos Bekker and Michiel le Roux are also on the list of SA’s dollar billionaires, according to data released by Bloomberg.
2020 – Richest people in South Africa
A recent example would be Dis-Chem’s co-founders, Ivan and Lynette Saltzman, who together control a 52.7% stake in the R22 billion company, making them worth a combined R12 billion. Another under-the-radar billionaire is Cartrack CEO Zak Calisto, who indirectly holds 68% of the R5.8 billion company’s shares, putting his stake at R3.87 billion.
Entrepreneur Magazine has published its latest ranking of South Africa’s richest people. The list is based on the latest-available information from the last three years (2017-2019), and includes the names of some people who have taken a financial knock over that period, such as former Steinhoff CEO Markus Jooste (said to be worth R5.6 billion) and Christo Wiese, who has suffered financially during Steinhoff saga.
Wiese lost his dollar billionaire status in 2018 in the wake of the scandal, but according to CNBC Africa, the retail investor has managed to reclaim his spot among the world’s super-rich, with a net worth around $1.1 billion (R15.6 billion).
It includes an up-to-date list of the local billionaires on Forbes, along with data drawn from the UK’s Sunday Times Rich List, and Entrepreneur Mag.
The UK’s Sunday Times Rich List for 2018 shows that the country’s wealthiest 1,000 people saw their combined fortune rise to £724 billion, up 10% from a record £658 billion in 2017. The paper noted that as many as 94% of the 1,000 wealthiest people built their own fortunes. Inherited wealth and old money have been all but banished from the 30th annual list.
Ultra-rich South Africans
What happened after 1994 – with the endless corruption in South Africa and on all levels of Government?
Partners of .. and more millionaires – billionaires
As Suid-Afrika se ekonomie so sleg is as wat daar vir ons voorgehou word, waarom is daar soveel swart miljoeners na 1994 – dan word daar openlik gelieg oor swartes wat miljoeners geword het, maar in dieselfde asem word dit aan die klok gehang dat die rykdom aan blankes behoort? Gerieflike leuens van die ANC – vandag is daar beslis baie meer as die 29 000. Miljoeners is nie net wat die bankstaat tekenne gee nie, maar baie meer as finansiële status.
What happened to all the deals and corruptions, tenders from tax payers? They are working for the state and became millionaires. Take note, it was said it is only 29 000, but is there evidences how do they became all of a sudden millionaires while working for the state as civil services. Names of all should be made public – they all are civil servants . Perhaps they are more than 1000 times and not only 29 000. .