According to the Bloomberg Billionaire index, there are six billionaires in dollars in South Africa, and one of the interesting facts about the list according to the Bloomberg billionaire index is that the richest man in South Africa is no longer Nicky Oppenheimer.
So who is the richest man in South Africa, and who are the richest men in South Africa. In this article, we review the top ten richest men in South Africa.
Richest Men in South Africa
1. Nicky Oppenheimer
Source of wealth: Diamonds
Net Worth: $7.7 billion
Nicky Oppenheimer is the third richest man in Africa and the richest man in South Africa. He was the third generation of his family to run DeBeers, a Diamond mining company.
Until 2012, before he sold his 40% stake in Diamond to mining group Anglo American for $5.1 billion in cash the Oppenheimer family occupied a controlling spot in the world’s diamond trade.
2. Johann Rupert
Source of wealth: Luxury goods
Net Worth: $6.5 billion
The chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro is the fifth richest man and the second richest man in South Africa. In 2010, he assumed the CEO position of Compagnie Financiere Richemont.
3. Natie Kirsh
Source of wealth: Retail, real estate, self-made
Net Worth: $5.5 billion
A large chunk of Natie Kirsch’s fortune comes from Jetro Holdings, which owns restaurant supply stores Jetro Cash and Carry and Restaurant Depot. He owns 70% of the company, which supplies wholesale goods to bodegas, small stores and restaurants.
4. Patrice Motsepe
Source of wealth: Minning
Net Worth: $2.6 billion
Patrice Motsepe is the founder and executive chairman of African Rainbow Minerals, which specializes in gold, ferrous metals, base metals, and platinum.
The alma mater of University of Swaziland and Witwatersrand is part of several company boards, including the 12th largest gold mining company, Harmony Gold. He became the owner of Mamelodi Sundown football club in 2003
5. Koos Bekker
Source of wealth: media, investments
Net Worth: $2.5 billion
The chairman of media group Naspers is an alumnus of University of the Witwatersrand, South Africa, and the Columbia University, United States.
His company operates in 130 countries, and is listed on the London and Johannesburg Stock Exchanges, and has the largest market capitalization of any media company outside the US and China.
6. Michiel Le Roux
Source of wealth: Banking
Net Worth: $1.3 billion
In 2001, Le Roux founded Capitec Bank and owns about 11% stake. Prior to the birth of Capitec Bank, he was in charge of Boland Bank, a small regional bank in Cape Town’s hinterland. He was the chairman of the board of Capitec from 2007 to 2016 and has continued on as board member.
7. Ivan Glasenburg
Source of wealth: commodity, and mining
Net Worth: $4.4 billion
Ivan Glasenburg is the CEO of Glencore, one of the largest commodity trading and mining companies. The university of Wit and Southern California alumnus in 2011 became a Swiss citizen and he is part of the board of Minara Resources Limited, a mining company.
8. Douw Steyn
Source of wealth: Insurance and Finance
Net Worth: $1.2 billion
Douw Steyn is the founder of BGL Group, a UK-based insurance and financial services company. In 1978, he received a bachelor’s degree from Potchefstroom University for Christian Higher Education.
Steyn began his career as a quantity surveyor at Eskom Mega Watt Park before he founded BGL Group in 1992 as Budget Insurance Company.
9. Stephen Saad
Source of wealth: Banking
Net Worth: $1.09 billion
Stephen Saad has a bachelor degree in Commerce from the University of Natal. He is the founder and chief executive of Aspen Pharmacare, the largest producer of generic medicines in Africa. He is also the chairman of Sharks, a rugby union club in Durban.
10. Christo Wiese
Source of wealth: Consumer Retail
Net Worth: $800 million
Christo Wiese is one of the popular figures in the world of South Africa’s business. He was formerly the 11th-most successful businessman in his chosen fields.
He has been on the board of many firms and also the chairman of many firms including Shoprite. He owns a large stake in Pepkor and Shoprite.