richest man in south africa

06 Dec 2020
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He was the heir to his family’s fortune and he sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash some years ago. He is renowned as a diamond magnate. His net worth is R4.7 billion. Stephen Saad is a 55-year-old (June 23, 1964) businessman born in the SA city of Durban. During his tenure as CEO, which began in 1997, Bekker oversaw a rise in market capitalisation of Naspers from USD600 million to USD 45 billion, while drawing no salary, bonus or benefits. His net worth is R4.7 billion. In August 2016, Wiese’s furniture and home goods retailer Steinhoff entered the U.S. market, and bought Mattress Firm Holding Corp., for USD 2.4 billion, according to Forbes. Spread the love List Of Top Richest People In South Africa By Net Value. Learn how your comment data is processed. Sacco’s father, Guido, founded the firm in 1928 and passed the reins to his son when he retired in 1992. South Africa’s top entrepreneurs have continued to reap the benefits of having built successful businesses that are currently worth billions of naira. Find out the top 20 richest men in South Africa this year. In terms of GDP, South Africa is Africa’s second richest country after Nigeria. According to Forbes Magazine, Cyril Ramaphosa net worth was $450 million in 2015. Africa’s richest man. Force trading is the reason why he is on this list of the top 10 richest young people of South Africa today. Lot of Internet Users are always interested in knowing the richest people in a particular country, Especially when the country is popular. South Africa’s richest: Who is the wealthiest person in Mzansi? Oppenheimer inherited his wealth from his family, where he sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. Wendy Appelbaum is one of the wealthiest South Africans. Currently, Christoffel Wiese is the Executive Director of Shoprite –Africa’s biggest supermarket store and retail outlet. GT Ferreira is a 72-year-old (April 6, 1948) South African business mogul who graduated from the University of Stellenbosch. Ten years later, with the first hints that there would be trade sanctions against South Africa, he pivoted his business and began manufacturing ceramic tiles domestically. By Janice Kew. That’s all on Top 20 Richest Men In South Africa 2020. He’s worth R76.16 billion. Koos Bekker is a 67-year-old (December 14, 1952) South African business magnate born in Potchefstroom –SA. She had been in the mining business ever since the ’80s. He co-founded one of the largest financial services groups in South Africa. As it stands, Patrice Motsepe’s net worth of $1.5 billion makes him one of the richest men in South Africa. Among his philanthropic contributions is the scholarship scheme he organizes. Nicky Oppenheimer – R105 billion 1. Johann Rupert is the richest South African and the second richest person in Africa. He is one of the prominent South African businessmen who has been active for years. Across the world, Discovery Limited has almost 8,000 workers. After a series of successful mergers and acquisitions, FirstRand was formed in 1990. Luxury … With the current net worth of $742 million, he is considered one of the most fortunate business tycoons in the history of South Africa. Adrian Gore is a 55-year-old (May 16, 1964) South African and graduate of Wits University. His net worth is R6.9 billion. He is best known as a self-made South African millionaire who has diversified dealings as a banker, investor, and businessman. With his net worth estimated at $1.1 billion, Desmond Sacco is believed to have built his business reputation through Assore Group. Sitting in the topmost position is Nicky Oppenheimer –a diamond magnate who is declared the second richest person in Africa. Former Minister of Human Settlements, Tokyo Sexwale is a well know public figure in South Africa with extensive experience in both the public and private sectors. His net worth is R16.32 billion. Top 20 Richest Men in South Africa & Net Worth (2020), Top 10 Best Radio Stations in South Africa, Top 10 Richest Women in the World (2020 Forbes), 10 Guinness World Records You Didn't Know Were Held By South Africans. Gore is founder and CEO of Discovery Holdings, which provides health insurance for more than 200 000 companies and close to two million people. In 2008, Wesco... Sharon Wapnick. Besides Shoprite, Christoffel Wiese maintains an authoritative role as the chairman of Invicta Holdings Limited. Born in the South African city of Johannesburg, Desmond Sacco is best known for his administrative roles as the MD and Chairman of Assore Limited –a SA company established by his father. This firm is best known for brands including Cartier and Montblanc. He used his severance pay to acquire four retail outlets that were trading as Pick n Pay. Michael L Roux is among the richest men in South Africa who has accrued his wealth by investing in Capitec bank, where he is a board member. Having been dismissed from his role as managing partner in 1995, Jannie Mouton went ahead to set up PSG Group. As it stands, Gus Attridge’s presence on the business scene gives him the net worth of $410 million. He is the chairman and founder of Capitec Bank. He is best known for his business reputation as the chairman and originator of PSG Group. His net worth is R24.48 billion. Meanwhile, her reputation is still rising as fast as an influential South African woman. Giovanni Ravazzotti is a 746-year-old (1944) South African of Italian descent. Apart from that, he previously served as the Deputy Chairman of the Anglo American Corporation and as it stands, his net worth is valued at $7.5 billion. South Africa’s 5 richest people 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. On Monday, the South African billionaire and Africa’s tenth-richest man, with an estimated wealth of $2.5 billion, announced his intention to run for the presidency of … He is a self-made millionaire. In 2018, there was a record of 23 African billionaires on the list. Besides, Raymond Ackerman’s personality commands great fame as a result of the philanthropic contributions he has made. He graduated from the University of South Africa with a B Sc. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. His net worth is R28.56 billion. Naturally, the country is also home to a number of enterprising individuals who have used their skills and knowledge to amass immense wealth. Also in previous times (from 1985 to 1988), GT Ferreira took official roles as the Managing Director of RMB Holdings. Based on estimates, Markus Jooste’s net worth hovers around $400 million. The Nigerian tycoon is the chairman and founder of the Dangote Group, the parent company of the largest cement producer in Africa - Dangote Cement. In 2012, he sold his 40% stake in DeBeers to Anglo American for USD5.1 billion in cash. In 2010, Raymond Ackerman resigned from his position as the chairman of Pick ‘n’ Pay. Nicky Oppenheimer, who is Africa’s second richest man, is a South African of German descent. Additionally, Johann Rupert doubles up his riches as the chairman of Remgro –one of the biggest companies in South Africa. He graduated mainly from the University of Witwatersrand and the University of Swaziland. Oppenheimer attended Harrow School in the UK and later obtained his bachelor’s and master’s... 2. Country: South Africa. His net worth is R8.5 billion. Currently, he serves as the Chief Executive Officer of Steinhoff International –the organization he has been working with since 1988. He is engaged in a number of activities making him a trade union leader, activist, businessman as well as politician. He was also number 12 among the richest South African the same year. He got his professional start with the legendary oil trader Marc Rich, working as a marketer. His other investments include 15% of Shoprite Holdings, which has supermarkets, furniture stores and fast food outlets in 15 countries across Africa and the Indian Ocean Islands, as well as stakes in private equity firm Brait, industrial products company Invicta Holdings and mining-sector investor Pallinghurst, says Forbes. Here are South Africa’s 20 Richest Men. At the moment, his net worth is valued at $450 million. In 1997, Stephen Saad founded South Africa’s largest pharmaceuticals maker, Aspen Pharmacare, which he runs as CEO. He risked all his tuition fee whilst he was still at the Durban University of Technology which was a long short that made him a multimillionaire today. The businessman co-founded the company with current South Africa’s 9th richest man, Stephen Saad, and the pair have been able to grow the company into one of the top five biggest drug-producing companies in the world. Net Worth: $2.5 Billion Jannie Mouton is a 74-year-old (1946) South African businessman who graduated from Stellenbosch University, SA. In that year, he collaborated with Stephen Saad in the establishment of Aspen Pharmacare –the company where he currently serves as the deputy CEO. Dangote Group founder Aliko Dangote has topped the 2018 list. Nicky Oppenheimer is the richest man in South Africa and the joint third richest man in Africa with a net worth of $7.7 billion. He founded HBD Capital, an emerging markets investment fund. His net worth is R24.48 billion. Wiese built a retail empire by capitalising on bargain prices and has expanded its geographic footprint. Johann was raised in Stellenbosch in the Western Cape province of South Africa. As CEO of Steinhoff International, Markus Jooste has transformed the South African manufacturer into ‘Africa’s Ikea’ and the second-largest household goods retailer in Europe, says Forbes. Dippenaar is a non-executive chairman of FirstRand, which is active in banking and insurance and is active in South Africa, five other neighbouring countries and India. His net worth is R4.7 billion. He started out by earning his MBA from the University of Southern California in 1983. 5. Aliko Dangote is the richest man in Africa and he has maintained the number one position for almost a decade. Tags: Top 20 Richest Men In South Africa 2020 Net Worth 10, 30, 50,100Â, Your email address will not be published. His net worth is R6.7 billion. Dippenaar is a qualified chartered accountant who built a financial services empire over the last few decades. As of March 2020, the richest man in South Africa is Johann Rupert. Who are the top 20 richest men in South Africa? Its vibrant media operations span across 130 countries and this makes it the media firm with the biggest market funds outside China and the US. He became the first black partner at law firm Bowman Gilfillan in Johannesburg. Top 20 Richest People In South Africa 1. He has remained an active business partner since 1997. Both of his sons sit on PSG Group’s board, and his son Piet Mouton is now CEO. Meanwhile, Ravazzotti set up this company in South Africa because he observed that the country was in need of substantial ceramic products. He also founded asset manager, Orbis Investment Management, which manages USD30 billion in assets. At the age of 22, Mark Shuttleworth founded Thawte, a digital certificate and Internet security company. Motsepe also has a stake in Sanlam and is the president and owner of the Mamelodi Sundowns Football Club. Johann Rupert. In the past, Mrs. Wendy Appelbaum served as the non-executive director of several companies. As a vibrant businessman, he is best known for having founded Discovery Limited –the SA company he set up in 1992. According to Knight Frank, SA had 40,400 dollar millionaires in 2016, with as many as 18,200 living in Joburg, and as many as 320 individuals with wealth exceeds $30 … (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. South Africa’s top entrepreneurs have continued to reap the benefits of having built successful businesses that are currently worth billions of naira. 26 Of The Richest People in South Africa Elisabeth Bradley. Considered an impressive young man, Mike Eilertsen was able to present a database on the leading businessmen in South Africa. Cyril Ramaphosa is a 67-year-old (November 17, 1952) South African. The bank is active on the Johannesburg capital market stock exchange. He is revered as an astute executive who transformed newspaper publisher Naspers into a digital media powerhouse, says Forbes. 5. He served on Anglo American’s board for 37 years until 2011 and retains an estimated 1% stake in the company according to Forbes. Meanwhile, he is believed to have taken the company to lofty heights, making it the second-biggest domestic good retailer in Europe. Meanwhile, he rose to this position as a result of the election held at the National Conference of ANC in Mangaung. In 2007, Mike Eilertsen took to the media scene and set up LIVE OUT LOUD. He has a brilliant mind and trained as a lawyer. Today, his bank has expanded to 668 branches, 6.2 million clients and over 10 000 employees. He is the richest black South African and the first black man to emerge into the category of billionaires in South Africa. Harris joined Rand Consolidated Investments soon after it was founded. His net worth is currently valued at $1.2 billion. Aliko Dangote, Africa’s richest man, meanwhile, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of … Aspen Pharmacare is the world’s fifth-largest generic drug maker, with an expanded global footprint, and a slew of acquisitions in 2013. Le Roux founded Capitec Bank and still serves as the bank’s chairman. Currently, Jannie Mouton is a widower with two children and as regards his net worth, he boasts of $1.06 billion. Motsepe also has a 37% stake in the Blue Bulls Co., South Africa’s best performing rugby team. To double up his business authority, Ivan Glasenberg serves as a board member of two mining companies namely Minara Resources Limited and Xstrata Plc. Among these companies are Liberty Investors Limited, Sphere Holdings Pty Ltd, and Connection Group Holdings Limited. Michiel le Roux accumulates wealth through his Capitec Bank –an operative financial institution with more than 10,000 workers and 6.2 million customers. Besides the positions aforementioned, Cyril Ramaphosa serves as the chairman of South Africa’s National Planning Commission. He … His net worth is R5.8 billion. Wendy Appelbaum. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. Significantly, Naspers is a giant media firm with a presence on the Stock Exchange lists of Johannesburg and London. Ivan Glasenberg is a 63-year-old (January 1957) business mogul who was born in the SA city of Johannesburg. Johann Rupert – Net Worth: $4.6 Billion. In December 2012, Cyril Ramaphosa became the Deputy President of ANC (African National Congress). Cyril Ramaphosa is the current president of South Africa. He began importing and retailing them through a company he founded, Italtile. His net worth is R13.6 billion. South Africa has one of the best economies in Africa and is a leader in many sectors. PSG has interests in financial services, banking, private equity, agriculture and education, according to Forbes. South Africa’s richest female black entrepreneur, Bridgette Radebe is a mining magnate. The business now has operations across South Africa and India. He sold this company to American software giant VeriSign for USD575 million in 1999, when he was 26. Being the richest black family in South Africa and the fourth richest man in the country, the family is known for accumulating her wealth in the mining business. He holds the largest private stake in Glencore (8.4%), the world’s biggest commodity trader. 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Johann Rupert($5.3 Billion) Johann is the second Richest person in South Africa with an estimated net worth of $5.3 Billion. Currently, Johann Rupert is the chairman of Richemont –a prestigious company located in Switzerland and specializing in luxury items. Sharon Wapnick’s father Alec Wapnick, founded Octodec Investments and Premium Properties, two property... Bridgette Radebe. He is a reputable South African billionaire and a graduate of the University of Stellenbosch –one of the top universities in South Africa. Patrice Motsepe claims a reputable feat of not only as one of the richest men in Africa, but also the first and only South African billionaire of black descent. His net worth is R65.28 billion. Desmond Sacco is one of the leading business tycoons in South Africa. He graduated from the University of Pretoria, SA. SA-born Elon Musk becomes world’s second-richest man, as Tesla overtakes Microsoft 25th November 2020 25th November 2020 by Editor Elon Musk, who was born in South Africa and grew up in the country before moving across the Atlantic to find his fortune, has overtaken Microsoft founder Bill Gates to become the world’s second-richest person. Discovery was listed on the Johannesburg Stock Exchange, and also has operations in the UK and the USA. She along with her husband Hylton Appelbaum owns DeMorgenzen Wine Estate and she was listed in Africa and South Africa as one of the richest women in 2012. When RCI merged with Rand Merchant Bank, he became CEO in 1992, and again in 1998 after it merged with First National Bank to become FirstRand. This site uses Akismet to reduce spam. His journey to wealth started when he co-founded Rand Consolidated Investing with GT Ferreira and Paul Harris in 1977. Having Patrice Motsepe as the major player, the family is the founder of African Rainbow Minerals with Patrice as the Chairperson. In 1973, Jannie Mouton received the credentials which qualified him as a chartered accountant. His net worth sky-rocketed when Glencore went public in 2011. Nicky Oppenheimer, arguably the world’s most successful diamond purveyor, inherited his fortune from his grandfather who founded Anglo American. According to Time Magazine Cyril Ramaphosa was among the most influential people in 2020. Who are the top 20 richest men in South Africa? Harris was the chief executive of the FirstRand group from 2005 to 2009. Johann Rupert is … As a reputable South African in the mining industry, Patrice Motsepe is the executive chairman and originator of African Rainbow Minerals –a mining company concerned with platinum, base metals, gold, and ferrous metals. Elisabeth Bradley’s father Albert Wessels brought Toyota to South Africa in 1961. Required fields are marked *. In 2015, he sold more than 70% of his Naspers shares. Gore is the company’s largest individual shareholder with an estimated 8% stake, according to Forbes. You have entered an incorrect email address! Diamond magnate Nicky Oppenheimer was again ranked as the richest man in the country, seeing his wealth grow marginally at 1%. In 1966, at 35, Raymond Ackerman was fired from his position as a Managing Director at Checkers. His net worth is R5.7 billion. Raymond Ackerman is an SA resident with three children namely Kathryn Ackerman, Gareth Ackerman, and Suzanne Ackerman-Berman. He relocated from Italy to the South African city of Johannesburg and established Italtile –a South African company concerned with ceramics. Save my name, email, and website in this browser for the next time I comment. Rupert is the chairman of Swiss luxury goods firm Compagnie Financiere Richemont. #2) Johann Rupert Rupert is one of the richest men in Africa. 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It stands, Patrice Motsepe’s net worth is valued at $ 450 million in 1999, when he retired 1992.

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