In this article, we are going to talk about the top 10 richest people in South Africa. The estimated combined wealth of the continent’s 18 billionaires is $84.9 billion, up 15% from a year ago and the highest total since at least 2015.
Africa’s economy is viewed as broken by the outside world since there are so many untapped natural and human resources. Yet, South Africa nevertheless prides itself on having one of the strongest economies on the continent and having wealthy and prosperous citizens. In actuality, a South African is the second-richest man in Africa.
Learn more about Getcash23.com
You must put in a lot of effort and learn about money, how to manage it, and how to invest it for higher returns if you want to be like some of these men. Those who reside in South Africa and are not from the diaspora are included in this list. Let’s get going.
Johann Rupert ($9.11 Billion)
His 9.11 billion dollar net worth makes him the richest person in South Africa. The CEO of Compagnie Financiere Richemont, a luxury goods company based in Switzerland.
In New York City, Rupert worked as a business apprentice for two years at Chase Manhattan and three years at Lazard Freres. He became the CEO of the Rand Merchant Bank in 1979 as a result of his return to South Africa.
In New York City, Rupert worked as a business apprentice for two years at Chase Manhattan and three years at Lazard Freres. He became the CEO of the Rand Merchant Bank in 1979 as a result of his return to South Africa.
Johann Rupert was born and raised in Stellenbosch, where he also attended the University of Stellenbosch and Paul Roos Gymnasium. The senior son of philanthropist Anton Rupert. He left his first studies in economics and company law to seek a career in business.
The head of the Swiss luxury goods company Compagnie Financiere Richemont, which owns the Remgro business in South Africa and the Cartier and Montblanc brands, is Johann Rupert.
Nicky Oppenheimer ($8.7 Billion)
On the list of the top 10 richest people in South Africa in 2022, Nicky Oppenheimer comes in at number two. He has accumulated an $8.7 billion net worth through the trading of diamonds. In 1985, he also held the positions of chairman of the De Beers Group and the Diamond Trading Company.
He is the third generation of his family to head DeBeers, having inherited the company. He also owns Fireblade Aviation, a business in Johannesburg. Fly with a charter with Fireblade.
Christoffel Weise ($5.4 Billion)
Christoffel Wiese is a billionaire businessman from South Africa who makes much of his money in retail sales to consumers.
He is the creator of ShopRite, which had its beginnings as an eight-store network in Cape Town that was bought for one million Rand. Wieses’ fortune has soared over time inexplicably. This is partly because of his investment in ShopRite, the retail company he founded.
Patrice Motsepe ($3.3 Billion)
With a net worth of $3.3 billion, Patrice Motsepe is the richest black individual in the nation. His fortune comes from the mining sector. He established African Rainbow Minerals, a mining and minerals business with operations in Malaysia and South Africa. He is the owner of African Rainbow Capital, a private equity firm that makes investments throughout the continent.
After spending time with his father and observing him do business, Motsepes developed a keen interest in business, which he later outgrew. When the market was most favourable, he bought marginal gold mines from AngloGold.
With a total wealth of 3.6 billion USD, Patrice Tlhopane Motsepe is the fourth richest South African in the world.
Koos Bekker ($2.3 Billion)
Koos Bekker is a media professional with a $2.3 billion fortune. Koos Beeker is renowned for having a strong educational background in addition to being a shrewd businessman. He turned the South African newspaper publisher Naspers into a major player in cable TV and e-commerce.
He led Naspers as CEO until March 2014. He rejoined the business as chairman the next year. His career in business began when he established Multichoice. He also served as the first director of MTN, a mobile communications company.
Michiel Le Roux ($1.9 Billion)
A businessman from South Africa named Michiel Le Rou is credited with founding Capitech Bank in 2011. The total wealth of Michiel Le Roux is $1.9 billion. He is the chairman and one of the board members, and he holds an 11% share in the company.
In Cape Town, Michiel’s business career began at Boland Bank. In addition, he served as managing director of BoE Bank and Boland PKS.
Stephen Saad ($1.9 Billion)
With a net worth of $1.9 billion, Stephen Saad is among the top 10 richest persons in South Africa. He is one of Aspen Pharmacare’s co-founders. The company is a major producer of medications in the nation and is traded on the Johannesburg Stock Exchange. During apartheid, he worked at Quickmed, a drug distorting company in a black ghetto.
His journey to fortune began when he sold his shares to Covan Zurich for $3 million. He now derives his wealth from the pharmaceutical sector.
Allan Gray ($1.5 Billion)
A businessman from South Africa named Allan Gray passed away with a $1.5 billion fortune. He established Allan Gray Limited, a company that provides financial and investment management services.
One of the biggest privately held asset managers is AGL. He has amassed a fortune through the use of investment management firms.
Ivan and Lynette Saltzman ($1 Billion)
The owners and creators of Dis-Chem, a renowned pharmacy in the nation, are Ivan and Lynette Saltzman. They opened their first store in Johannesburg. In South Africa, they popularised the idea of inexpensive pharmacy.
Dis-Chem sells a variety of goods, including vitamins and health supplies. Their combined net worth is thought to be worth over $1 billion.
Jannie Mouton ($1 Billion)
Jannie Mouton, also known as Buddha Buffett, is thought to be worth $1 billion. He is the company’s founder and chair, and it invests in the banking, financial services, private equity, and agricultural industries.
At the age of 22, Mouton began his job at PwC as a clerk. In 1973, he attained chartered accountant status. Mouton was sacked from the company he co-founded, Senekal, Mouton & Kitshoff, in 1995. Before he started PSG Group, he did this. He has an ever-changing net worth of between $1 and $1.1 billion.
Bottom Line
South Africa is one of the wealthiest countries in the world and has one of the continent’s strongest economies. The wealthiest South Africans have made investments in several industries.
You can start investing in a variety of asset classes, from stocks to crypto, through Investby.
