in Geology. 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. Elisabeth Bradleyâs father Albert Wessels brought Toyota to South Africa in 1961. Having Patrice Motsepe as the major player, the family is the founder of African Rainbow Minerals with Patrice as the Chairperson. He founded HBD Capital, an emerging markets investment fund. He co-founded pharmaceutical maker Aspen Pharmacare with Stephen Saad in 1997. His net worth is R4.7 billion. Meanwhile, Capitec Bank carries out its operations through numerous subsidiaries âabout 668 subsidiaries. South Africaâs richest: Who is the wealthiest person in Mzansi? With his net worth estimated at $1.1 billion, Desmond Sacco is believed to have built his business reputation through Assore Group. Naspers has its feet in almost 130 countries. Apparently, she is South Africaâs richest woman with a substantial net worth of R4.7 billion. As it stands, Adrian Goreâs net worth is declared to be $480 million. Gray founded his Cape Town-based investment management firm Allan Gray Limited in 1973. He relocated from Italy to the South African city of Johannesburg and established Italtile âa South African company concerned with ceramics. It seems that this family has done well for themselves. Cyril Ramaphosa is famous not only as one of the richest men in South Africa but also for holding a number of reputable positions. Christo Wiese, who was once South Africaâs richest man, has swapped his office in an industrial area of Cape Town for a view of the Atlantic Ocean. Meanwhile, he is believed to have taken the company to lofty heights, making it the second-biggest domestic good retailer in Europe. Who are the top 20 richest men in South Africa? He graduated from the University of South Africa with a B Sc. Meanwhile, Ravazzotti set up this company in South Africa because he observed that the country was in need of substantial ceramic products. The bank is active on the Johannesburg capital market stock exchange. She has been appointed to a number of authoritative roles. Motsepe also has a 37% stake in the Blue Bulls Co., South Africaâs best performing rugby team. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. Markus Jooste is a 59-year-old (January 22, 1961) South African who graduated from Stellenbosch University. He is a self-made millionaire. This firm is best known for brands including Cartier and Montblanc. Motsepe also has a stake in Sanlam and is the president and owner of the Mamelodi Sundowns Football Club. His net worth is R4.7 billion. Hereâs the complete list of the richest men in South Africa. In 1992, his retail company Italtile and manufacturer Ceramic Industries were listed on the Johannesburg Stock Exchange. In December 2012, Cyril Ramaphosa became the Deputy President of ANC (African National Congress). In August 2016, Wieseâs 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. Rupert now owns a 7% stake in diversified investment firm Remgro, which he also chairs. He was also number 12 among the richest South African the same year. 14. His net worth is R7.2 billion. Luxury ⦠Itâs the largest privately-owned asset manager in South Africa, overseeing USD35 billion in assets. Significantly, Naspers is a giant media firm with a presence on the Stock Exchange lists of Johannesburg and London. Patrice Motsepe was estimated to be worth $2.6 billion as of February 2020, and was ranked as the youngest billionaire in South Africa and the tenth richest in Africa on the Forbes Rich List for 2020. The business now has operations across South Africa and India. Cyril Ramaphosa is a 67-year-old (November 17, 1952) South African. Sitting in the topmost position is Nicky Oppenheimer âa diamond magnate who is declared the second richest person in Africa. Lot of Internet Users are always interested in knowing the richest people in a particular country, Especially when the country is popular. After several years, along with mergers and acquisitions, FirstRand was formed in the 1990s. Sharon Wapnickâs father Alec Wapnick, founded Octodec Investments and Premium Properties, two property... Bridgette Radebe. Besides being a SA citizen, Ivan Glasenberg maintains a citizenship status in several other countries such as Switzerland and Australia. Johann was raised in Stellenbosch in the Western Cape province of South Africa. Top 20 Richest Men In South Africa And Their Net Worth 2020 1. His net worth is R24.48 billion. Johann Rupert is ⦠Who are the top 20 richest men in South Africa? Across the world, Discovery Limited has almost 8,000 workers. Besides, Raymond Ackermanâs personality commands great fame as a result of the philanthropic contributions he has made. Over and above that, he has remained South Africaâs deputy president since 2014. Adrian Gore is a 55-year-old (May 16, 1964) South African and graduate of Wits University. #2) Johann Rupert Rupert is one of the richest men in Africa. His net worth is R95.2 billion. His net worth is currently valued at $1.2 billion. Interesting list of the richest people in South Africa and their net worth. The businessman co-founded the company with current South Africaâs 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. Stephen Saad is a 55-year-old (June 23, 1964) businessman born in the SA city of Durban. Significantly, Glencore is one of the biggest global companies concerned with mining and commodity trading. Learn how your comment data is processed. Additionally, Johann Rupert doubles up his riches as the chairman of Remgro âone of the biggest companies in South Africa. Markus Jooste is greatly acclaimed for his immense contributions to the development of Steinhoff International. Son of late billionaire Anton Rupert, Johann is a citizen of South Africa. Koos Bekker is a 67-year-old (December 14, 1952) South African business magnate born in Potchefstroom âSA. He sold this company to American software giant VeriSign for USD575 million in 1999, when he was 26. Currently, Johann Rupert is the chairman of Richemont âa prestigious company located in Switzerland and specializing in luxury items. He is revered as an astute executive who transformed newspaper publisher Naspers into a digital media powerhouse, says Forbes. Nicky Oppenheimer, who is Africaâs second richest man, is a South African of German descent. 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. Because of his black ethnicity, he is also the richest black man in the world. Johann Rupert â Net Worth: $4.6 Billion. SA-born Elon Musk becomes worldâs 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 worldâs second-richest person. 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. 5. Currently, he serves as the Chief Executive Officer of Steinhoff International âthe organization he has been working with since 1988. He is one of the prominent South African businessmen who has been active for years. In terms of GDP, South Africa is Africaâs second richest country after Nigeria. Dangote Group founder Aliko Dangote has topped the 2018 list. South Africaâs richest female black entrepreneur, Bridgette Radebe is a mining magnate. You have entered an incorrect email address! Aliko Dangote, Africaâs richest man, meanwhile, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of ⦠He has a brilliant mind and trained as a lawyer. Harris joined Rand Consolidated Investments soon after it was founded. With the net worth of R565 million, Saki Macozoma Among The Richest Man In South Africa, he serves in Safika Holdings as the Non-Executive Chairman and he is considered one of the prominent black South Africans in the business sector. He is renowned as a diamond magnate. Save my name, email, and website in this browser for the next time I comment. Anglo American now controls 85% of De Beers. There are also other subsidiaries that produce flour, sugar, salt, and tomato paste. The prosperity of SA is driven by its considerable economic development and this makes it one of the destinations some foreigners prefer to run their investments on the African continent. Top 20 Richest People In South Africa 1. 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 R6.7 billion. Cyril Ramaphosa is the current president of South Africa. Koos Bekker is another South African in the top 10 list of the richest man in Africa. Stephen Saad, who graduated from the University of Natal, serves as the CEO and originator of Aspen Pharmacare âAfricaâs biggest manufacturer of generic medicines. Force trading is the reason why he is on this list of the top 10 richest young people of South Africa today. Besides the positions aforementioned, Cyril Ramaphosa serves as the chairman of South Africaâs National Planning Commission. Oppenheimer attended Harrow School in the UK and later obtained his bachelorâs and masterâs... 2. Aspen Pharmacare is the worldâs fifth-largest generic drug maker, with an expanded global footprint, and a slew of acquisitions in 2013. Net Worth: $7.9 billions. 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. The following Forbes list of South African billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2020. Christoffel Wiese is a 78-year-old (September 10, 1941) South African businessman who has managed to garner enormous wealth through consumer retail services. Also, he is a graduate of the University of Cape Town and his current net worth is valued at $500 million. Top 10 Most Civilized Countries in Africa. The company has a 50% stake in Assmang Limited, a private company that operates seven mines producing chrome, manganese and iron. He also founded asset manager, Orbis Investment Management, which manages USD30 billion in assets. An immigrant to Johannesburg from Italy, he saw a gap in the market in 1969 for affordable tiles and ceramic products in an increasingly urban South Africa. GT Ferreira is a 72-year-old (April 6, 1948) South African business mogul who graduated from the University of Stellenbosch. 26 Of The Richest People in South Africa Elisabeth Bradley. His net worth is R95.2 billion. The 16 South Africans ranked by Forbes have a combined net worth of $28.45 billion (R402.7 billion), led by Nicky Oppenheimer, with $6.66 ⦠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. Meanwhile, her reputation is still rising as fast as an influential South African woman. Tokyo Sexwale. Currently, his net worth is valued at $2.8 billion. He is best known as a self-made South African millionaire who has diversified dealings as a banker, investor, and businessman. 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. Wiese built a retail empire by capitalising on bargain prices and has expanded its geographic footprint. His net worth is R4.7 billion. Labeled as one of the wealthiest South Africans, Koos Bekkerâs net worth is currently estimated at $2.2 billion. Johann Rupert is a 69-year-old (June 1, 1950) business mogul considered the second richest man in South Africa. The Nigerian tycoon is the chairman and founder of the Dangote Group, the parent company of the largest cement producer in Africa - Dangote Cement. He started out by earning his MBA from the University of Southern California in 1983. He graduated mainly from the University of Witwatersrand and the University of Swaziland. Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest man in South Africa. Save my name, email, and website in this browser for the next time I comment. With the current net worth of $742 million, he is considered one of the most fortunate business tycoons in the history of South Africa. Gus Attridge âalternatively regarded as Michael Guy Attridge âis one of the richest businessmen in South Africa. Johann Rupert is the richest South African and the second richest person in Africa. 4. Koos Bekker, who graduated from University of the Witwatersrand and Stellenbosch University, is currently the chairman of Naspers. Nicky Oppenheimer â Net Worth: $7.5 Billion. South Africaâs 5 richest people According to Forbesâ 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 was the heir to his familyâs 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. Since 2012, his fortune has grown but he has relinquished the title of richest man in South Africa. Giovanni Ravazzotti is a 746-year-old (1944) South African of Italian descent. Hopefully to increase this list to top 30 then top 50 Richest Man in South Africa. He got his professional start with the legendary oil trader Marc Rich, working as a marketer. He is the chairman and founder of Capitec Bank. Founder and chairman of African Rainbow Minerals, Patrice Motsepe, also launched a new private equity firm focused on investing in Africa, Africa Rainbow Capital. The best part of Michiel le Rouxâs wealth comes from Capitec Bank and currently, his net worth is estimated at $1.3 billion. That’s all on Top 20 Richest Men In South Africa 2020. According to Forbes, Saad became a millionaire at 29 when he sold his shares in the drug business, Coven Zurich, for USD3 million. Nationality: South Africa Source of Wealth: Diamonds. South Africaâs top entrepreneurs have continued to reap the benefits of having built successful businesses that are currently worth billions of naira. In 2007, Mike Eilertsen took to the media scene and set up LIVE OUT LOUD. His net worth is R8.5 billion. 11. Spread the love List Of Top Richest People In South Africa By Net Value. His journey to wealth started when he co-founded Rand Consolidated Investing with GT Ferreira and Paul Harris in 1977. Sacco, chairman and managing director of Assore Group, experienced a halving of his net worth in 2013 because of the drop of price in iron ore, according to Forbes. He began importing and retailing them through a company he founded, Italtile. Raymond Ackerman is an 89-year-old (March 10, 1931) South African who has been on the business scene for years. Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest... 2. 5. In conjunction with Lauritz Dippenaar and Paul Harris, GT Ferreira established Rand Consolidated Investing â the company which preceded FirstRand. As a reputable South African in the mining industry, Patrice Motsepe is the executive chairman and originator of African Rainbow Minerals âa mining company concerned with platinum, base metals, gold, and ferrous metals. On Monday, the South African billionaire and Africaâs tenth-richest man, with an estimated wealth of $2.5 billion, announced his intention to run for the presidency of ⦠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. Michiel le Roux accumulates wealth through his Capitec Bank âan operative financial institution with more than 10,000 workers and 6.2 million customers. Patrice Motsepe is a 58-year-old (January 28, 1962) South African businessman born in the SA city of Soweto. Hereâs the complete list of the richest men in South Africa. Raymond Ackerman is an SA resident with three children namely Kathryn Ackerman, Gareth Ackerman, and Suzanne Ackerman-Berman. At the age of 22, Mark Shuttleworth founded Thawte, a digital certificate and Internet security company. Harris was the chief executive of the FirstRand group from 2005 to 2009. Nicky Oppenheimer. In the past, Mrs. Wendy Appelbaum served as the non-executive director of several companies. 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. In 1973, Jannie Mouton received the credentials which qualified him as a chartered accountant. He’s worth R76.16 billion. With his vigorous presence in the business field, GT Ferreira is currently worth $510 million. After a series of successful mergers and acquisitions, FirstRand was formed in 1990. He is engaged in a number of activities making him a trade union leader, activist, businessman as well as politician. The country has a desirable lineup of rich people {Billionaires} who are majorly found in the business sector. Also in previous times (from 1985 to 1988), GT Ferreira took official roles as the Managing Director of RMB Holdings. Net Worth: R3.6 Billion; Wendy Appelbaum is the richest woman in South Africa and was awarded one of the leading women entrepreneurs of the world. Here are South Africa’s 20 Richest Men. Africaâs Billionaires: Forbes ranks Africaâs wealthiest business people. HBD has made a series of successful exits including Fundamo, a mobile financial services company which was acquired by Visa for USD110 million in 2011; and csense, which was acquired by GE Intelligent Platforms. He is the richest black South African and the first black man to emerge into the category of billionaires in South Africa. 1. Besides Shoprite, Christoffel Wiese maintains an authoritative role as the chairman of Invicta Holdings Limited. 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. Wendy Appelbaum. Although GT Ferreira works as a banker, he is best known for his vibrant roles in the business sphere where he serves as the Chairman of RMI Holdings. Both of his sons sit on PSG Groupâs board, and his son Piet Mouton is now CEO. Jannie Mouton is a 74-year-old (1946) South African businessman who graduated from Stellenbosch University, SA. As it stands, Patrice Motsepeâs net worth of $1.5 billion makes him one of the richest men in South Africa. Mouton is the founder and chairman of PSG Group, a listed investment holding firm. In that year, he collaborated with Stephen Saad in the establishment of Aspen Pharmacare âthe company where he currently serves as the deputy CEO. To double up his business authority, Ivan Glasenberg serves as a board member of two mining companies namely Minara Resources Limited and Xstrata Plc. He owns 25% of Reinet, an investment holding company based in Luxembourg that has a stake in British American Tobacco. He has remained an active business partner since 1997. Johann Rupert($5.3 Billion) Johann is the second Richest person in South Africa with an estimated net worth of $5.3 Billion. 73-year-old Nicky Oppenheimer is the third richest man in Africa. Sandile Shezi- Being laughed for selling muffins at school never pulled him down. PSG has interests in financial services, banking, private equity, agriculture and education, according to Forbes. His net worth sky-rocketed when Glencore went public in 2011. As of March 2020, the richest man in South Africa is Johann Rupert. In 1966, at 35, Raymond Ackerman was fired from his position as a Managing Director at Checkers. Naturally, the country is also home to a number of enterprising individuals who have used their skills and knowledge to amass immense wealth. He is well known for having acquired the Pick ‘nâ Pay supermarket chain from Mr. Jack Goldin who established it. Currently, Jannie Mouton is a widower with two children and as regards his net worth, he boasts of $1.06 billion. Net Worth: $2.5 Billion In 2012, he sold his 40% stake in DeBeers to Anglo American for USD5.1 billion in cash. Diamond magnate Nicky Oppenheimer was again ranked as the richest man in the country, seeing his wealth grow marginally at 1%. Johann Rupert. His interests are mainly in mass media through Naspers media group. In 2018, there was a record of 23 African billionaires on the list. Nicky Oppenheimer, arguably the world’s most successful diamond purveyor, inherited his fortune from his grandfather who founded Anglo American. In 2014, Steinhoff International agreed to purchase Pepkor Holdings for USD5.7 billion, adding clothing to the furniture retailerâs inventory. Under his management, Pick n Pay grew into 794 stores around Southern Africa, Mauritius and Australia. His net worth is R5.6 billion. In 1994, he bought low-producing gold mine shafts and turned them profitable. As part of his business involvement, Lauritz Dippenaar happens to be the chairman of a financial group known as FirstRand. Gore is the companyâs largest individual shareholder with an estimated 8% stake, according to Forbes. Koos Bekker started at M-Net, which he founded with his colleagues, which was a pay television service. Also Read: Top 10 Richest countries in Africa 2020 . Previously, he served as the chairman of De Beers âone of the biggest diamond mining firms in Africa. He founded the bank in 2001, and owns 11% of the bank's share. Africaâs richest man. 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