South Africa is one of Africa’s most developed nations in Africa. Such growth creates possibilities and wealth, which is why South Africans dominate the rankings of Africa’s richest people.
South Africa is a nation brimming with possibilities and teeming with enterprising entrepreneurial brains. These brilliant brains took advantage of chances to make their way to Forbes.
South Africa has one of the world’s highest levels of economic inequality. Despite having one of the strongest economies in Africa, it is plagued by uneven access to opportunities and lopsided wealth distribution – so much so that the top 20% control more than 68 percent of the income.
With a net worth of $8 billion, Nicky Oppenheimer and his family were the richest man in South Africa, third richest on the African continent, and 308th in the world, according to statisa.com.
Nicky Oppenheimer is South Africa’s richest man, having ownership of the corporate giant Anglo American as well as many diamond and mining holdings.
South African Billionaires
Nicky Oppenheimer & Family are followed by Johann Rupert and his family, who have a net worth of 7.1 million US dollars. For the first time in a decade, Johann Rupert’s net worth has decreased.
Patrice Motsepe remains the country’s richest black person. We can understand why, with a new value of 2.9 billion US dollars. He founded African Rainbow Minerals and is the first black African on the Forbes list.
There are many reasons for this, one of which being the rise in the price of gold and diamonds.
Furthermore, these three billionaires have all invested in other companies outside of South Africa, extending their fortune beyond the country’s boundaries.
10 richest people in South Africa and their net worth’s in 2021
1. Nicky Oppenheimer & Family Net Worth $8 Billion
Nicky Oppenheimer and his family were the richest individuals in South Africa, third richest on the African continent, and 308th in the world as of June 2021, with a net worth of $8 billion US dollars. Their financial worth was mostly derived from the diamond market.
In 2012, Nicky Oppenheimer, heir to the DeBeers diamond wealth, sold his 40% stake in the company to mining conglomerate Anglo American for $5.1 billion in cash.
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He was the third generation of his family to manage DeBeers, and he privatized the business in 2001. Until 2012, the Oppenheimer family had a commanding position in the world’s diamond trade.
Oppenheimer founded Fireblade Aviation in Johannesburg in 2014, which specializes on chartered aircraft. In South Africa, Botswana, and Zimbabwe, he owns at least 720 square miles of protected property.
2. Johann Rupert & Family Net Worth $7.1 Billion
Johann Rupert (and family) are worth about $7.1 billion and are ranked 334 on the Forbes list. Rupert’s net worth has increased by $2.5 billion in the last year.
Despite the fact that the pandemic had a significant effect on Richemont’s sales.
Johann Rupert is the head of the Swiss luxury goods conglomerate Compagnie Financière Richemont.
Cartier and Montblanc are two of the company’s most well-known brands. It was founded in 1998 as a spinoff of Rembrandt Group Limited (now Remgro Limited), which his father Anton founded in the 1940s.
3. Patrice Motsepe Net Worth $2.9 Billion
Patrice Tlhabane Motsepe is a mining billionaire businessman and mining magnate from South Africa with a net worth of $2.9 billion.
Patrice Motsepe established and currently serves as chairman of African Rainbow Minerals (ARM), a publicly listed mining conglomerate with holdings in platinum, nickel, chrome, iron, manganese, coal, copper, and gold.
Despite the fact that his Johannesburg-based business has faced challenges like as labor conflicts, violence, and consequent production losses, Patrice Motsepe’s wealth has continued to increase, owing to the shares he owns in Harmony Gold through ARM.
He has been the President of the Confederation of African Football since March 12, 2021. He is the founder and CEO of African Rainbow Minerals, which includes holdings in gold, ferrous metals, base metals, and platinum.
4. Koos Bekker Net Worth $2.9 Billion
Jacobus Petrus Bekker, often known as Koos Bekker, is a South African billionaire who was born in 1952 in Potchefstroom, South Africa.
He earned degrees in Literature and Law from Stellenbosch University. He then enrolled at Wits University, where he studied law. He also has an MBA from Columbia University in the United States.
Jacobus Petrus “Koos” Bekker is the head of the South African media conglomerate Naspers. The business has a presence in 130 countries and is traded on the London and Johannesburg stock exchanges.
Koos Bekker has a net worth of $2.9 billion as of 2021, making him one of Africa’s richest men. He is also the third richest person in South Africa, ranking forth on the list. Koos Bekker’s net worth has increased to USD 2.9 billion.
5. Stephen Saad Net Worth $1.9 Billion
He became a billionaire at the age of 29 when he sold his stake in the pharmaceuticals company Covan Zurich for $3 million. In 2011, he was valued US$640 million, making him one of Africa’s 40 richest individuals.
Stephen Saad is a billionaire from South Africa with a net worth of $1.9 billion. Stephen Saad is the co-founder of Aspen Pharmacare, South Africa’s largest publicly listed pharmaceuticals producer on the Johannesburg Stock Exchange.
Aspen’s sales fell in the start of 2012 due to the entry of new generic medication producers into the market.
6. Michiel Le Roux Net Worth $1.7 Billion
Michiel Le Roux is a South African entrepreneur and the creator of Capitec Bank, in which he controls about 11% of the stock.
According to Statista, Michiel Le Roux, the director of South Africa-based Capitec Bank, has an estimated net worth of $1.7 billion, making him one of the world’s richest men.
He established Capitec Bank in 2001 and owns about 11% of the company. Michiel Le Roux founded Capitec Bank Holdings Limited and now serves as its Chairman.
He was the bank’s Chief Executive Officer until 2004. The bank, which is listed on the Johannesburg Stock Exchange, is aimed towards South Africa’s growing middle class.
7. Allan WB Gray Net Worth $1.5 Billion
Allan Gray is a South African businessman with a $1.5 billion net worth. He is the founder of Allan Gray Limited, an investment management and financial services firm, and a member of the world’s billionaires club as of this year.
He founded the company in 1973, after earning his MBA from Harvard and working for eight years at Fidelity in the United States.
Allan WB Gray is a South African business tycoon, philanthropist, and investor. He is best known as the founder of Allan Gray Investment Management, as well as the non-profit Allan Gray Orbis Foundation and the Allan and Gill Gray Charitable Trust, and as one of South Africa’s richest men.
In 2013, his net worth was reported to be US$10.5 billion (105 billion South African Rand) when he donated his share in Allan Gray Investment Management.
8. Christoffel Wiese Net Worth $1.1 Billion
Christoffel, or Christo as he’s more popularly known, is a South African businessman and the CEO of Shoprite. His net worth is believed to be $1.1 billion. He was previously regarded as the fourth richest person in South Africa and the 782nd richest person in the world.
He earned his fortune as the CEO of Shoprite. He also has an interest in Pepkor, a South African cheap clothing, shoe, and textile shop, and is renowned for rehabilitating a South African agricultural estate and transforming it into a five-star hotel.
Other holdings include the winery Lourensford Estate and a private wildlife reserve in the Kalahari.
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9. Jannie Mouton Net Worth $1.06 Billion
Jannie Mouton is one of South Africa’s richest men. He was previously listed on Forbes as having a net worth of $1.06 billion. Mouton is the founder and chairman of the PSG Group, a publicly traded investment holding company.
Financial services, banking, private equity, agribusiness, and education are all areas in which the firm has a stake.
Both of his sons are on the board of PSG Group, and his son Piet Mouton is the CEO. In 2011, Mouton published “And Then They Dismissed Me,” a book that described how he founded PSG Group after being fired at the age of 48.
10. Lauritz Dippenaar Net Worth $700 Million
Laurie Dippenaar, a self-made billionaire who earned his wealth when he joined up with GT Ferreira to establish FirstRand Limited, one of South Africa’s first high street banks, kicks off our list of the ten richest individuals in South Africa.
Dippenaar served as the bank’s chief executive officer until the end of 2005, when he stepped down to become non-executive chairman. He’s known as much for his philanthropic activities as he is for his business ventures, and he’s donated generously to numerous charitable causes over the years.
He’s even established a scholarship fund that supports South African citizens in their choice of international postgraduate degree course up to a maximum of $37,000 per year. His net worth is $700 million as of 2021.