Meanwhile, he rose to this position as a result of the election held at the National Conference of ANC in Mangaung. His net worth is R4.7 billion. Since 2012, his fortune has grown but he has relinquished the title of richest man in South Africa. 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. Tokyo Sexwale. Anglo American now controls 85% of De Beers. 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. in Geology. He served on Anglo American’s board for 37 years until 2011 and retains an estimated 1% stake in the company according to Forbes. 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. Both of his sons sit on PSG Group’s board, and his son Piet Mouton is now CEO. Koos Bekker started at M-Net, which he founded with his colleagues, which was a pay television service. Force trading is the reason why he is on this list of the top 10 richest young people of South Africa today. Learn how your comment data is processed. He founded HBD Capital, an emerging markets investment fund. His net worth is R5.6 billion. Cyril Ramaphosa is a 67-year-old (November 17, 1952) South African. Koos Bekker is a 67-year-old (December 14, 1952) South African business magnate born in Potchefstroom –SA. Nicky Oppenheimer – Net Worth: $7.5 Billion. Currently, his net worth is valued at $2.8 billion. 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. According to Time Magazine Cyril Ramaphosa was among the most influential people in 2020. In 2007, Mike Eilertsen took to the media scene and set up LIVE OUT LOUD. Richest Women in South Africa 1. In 1997, Stephen Saad founded South Africa’s largest pharmaceuticals maker, Aspen Pharmacare, which he runs as CEO. 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. 5. Previously, he served as the chairman of De Beers –one of the biggest diamond mining firms in Africa. By Janice Kew. He began importing and retailing them through a company he founded, Italtile. Wiese built a retail empire by capitalising on bargain prices and has expanded its geographic footprint. In 2010, Raymond Ackerman resigned from his position as the chairman of Pick ‘n’ Pay. Tags: Top 20 Richest Men In South Africa 2020 Net Worth 10, 30, 50,100Â, Your email address will not be published. Currently, Jannie Mouton is a widower with two children and as regards his net worth, he boasts of $1.06 billion. He is well known for having acquired the Pick ‘n’ Pay supermarket chain from Mr. Jack Goldin who established it. He is engaged in a number of activities making him a trade union leader, activist, businessman as well as politician. He is the chairman and founder of Capitec Bank. Sacco’s father, Guido, founded the firm in 1928 and passed the reins to his son when he retired in 1992. You have entered an incorrect email address! His net worth is R6.7 billion. In 1994, he bought low-producing gold mine shafts and turned them profitable. By the time, management bought it out and re-branded it as Glencore in 1994, Glasenberg had risen to the post of worldwide director. As a vibrant businessman, he is best known for having founded Discovery Limited –the SA company he set up in 1992. Net Worth: $7.9 billions. Currently, Johann Rupert is the chairman of Richemont –a prestigious company located in Switzerland and specializing in luxury items. South Africa’s top entrepreneurs have continued to reap the benefits of having built successful businesses that are currently worth billions of naira. Christoffel Wiese is a 78-year-old (September 10, 1941) South African businessman who has managed to garner enormous wealth through consumer retail services. Because of his black ethnicity, he is also the richest black man in the world. His journey to wealth started when he co-founded Rand Consolidated Investing with GT Ferreira and Paul Harris in 1977. 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 … Also in previous times (from 1985 to 1988), GT Ferreira took official roles as the Managing Director of RMB Holdings. #2) Johann Rupert Rupert is one of the richest men in Africa. His interests are mainly in mass media through Naspers media group. 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 is renowned as a diamond magnate. 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. He relocated from Italy to the South African city of Johannesburg and established Italtile –a South African company concerned with ceramics. Harris was the chief executive of the FirstRand group from 2005 to 2009. Koos Bekker. Wendy Appelbaum is one of the wealthiest South Africans. Cyril Ramaphosa is the current president of South Africa. His net worth is R7.2 billion. In 2012, he sold his 40% stake in DeBeers to Anglo American for USD5.1 billion in cash. He is the richest black South African and the first black man to emerge into the category of billionaires in South Africa. 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. Rupert now owns a 7% stake in diversified investment firm Remgro, which he also chairs. However, that should be expected in the case of South Africa… Raymond Ackerman is an 89-year-old (March 10, 1931) South African who has been on the business scene for years. He holds the largest private stake in Glencore (8.4%), the world’s biggest commodity trader. 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 … According to Forbes, Saad became a millionaire at 29 when he sold his shares in the drug business, Coven Zurich, for USD3 million. In terms of GDP, South Africa is Africa’s second richest country after Nigeria. 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. Meanwhile, Ravazzotti set up this company in South Africa because he observed that the country was in need of substantial ceramic products. Having been dismissed from his role as managing partner in 1995, Jannie Mouton went ahead to set up PSG Group. Africa’s richest man. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. He became the first black partner at law firm Bowman Gilfillan in Johannesburg. 5. Net Worth: $2.5 Billion He graduated from the University of South Africa with a B Sc. 14. His net worth is R13.6 billion. 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. According to Forbes Magazine, Cyril Ramaphosa net worth was $450 million in 2015. Gus Attridge –alternatively regarded as Michael Guy Attridge –is one of the richest businessmen in South Africa. 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. 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. 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. Founder and chairman of African Rainbow Minerals, Patrice Motsepe, also launched a new private equity firm focused on investing in Africa, Africa Rainbow Capital. Besides Shoprite, Christoffel Wiese maintains an authoritative role as the chairman of Invicta Holdings Limited. Aliko Dangote, Africa’s richest man, meanwhile, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of … 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. Additionally, Johann Rupert doubles up his riches as the chairman of Remgro –one of the biggest companies in South Africa. Who are the top 20 richest men in South Africa? Nationality: South Africa Source of Wealth: Diamonds. He’s worth R76.16 billion. Today, his bank has expanded to 668 branches, 6.2 million clients and over 10 000 employees. It’s the largest privately-owned asset manager in South Africa, overseeing USD35 billion in assets. Nicky Oppenheimer. 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. The bank is active on the Johannesburg capital market stock exchange. He graduated mainly from the University of Witwatersrand and the University of Swaziland. His net worth is R95.2 billion. Meanwhile, Capitec Bank carries out its operations through numerous subsidiaries –about 668 subsidiaries. At the age of 22, Mark Shuttleworth founded Thawte, a digital certificate and Internet security company. According to Forbes, as Deputy CEO, Attridge owns a 4% stake in the publicly traded firm. 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. His net worth is currently valued at $1.2 billion. He has remained an active business partner since 1997. His net worth is R4.7 billion. 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 … With his vigorous presence in the business field, GT Ferreira is currently worth $510 million. Luxury … 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. Being the eldest son of Anton Rupert –one of South Africa’s renowned business magnate –some portion of Johann Rupert’s riches can be attributed to his wealthy background. He is a self-made millionaire. He graduated from the University of Pretoria, SA. He co-founded one of the largest financial services groups in South Africa. 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. Gray founded his Cape Town-based investment management firm Allan Gray Limited in 1973. Besides being a SA citizen, Ivan Glasenberg maintains a citizenship status in several other countries such as Switzerland and Australia. Who are the top 20 richest men in South Africa? He is a resident of Durban –the South African city where he was born and bred. Markus Jooste is greatly acclaimed for his immense contributions to the development of Steinhoff International. 73-year-old Nicky Oppenheimer is the third richest man in Africa. Nicky Oppenheimer, who is Africa’s second richest man, is a South African of German descent. Top 20 Richest People In South Africa 1. 26 Of The Richest People in South Africa Elisabeth Bradley. Discovery was listed on the Johannesburg Stock Exchange, and also has operations in the UK and the USA. His net worth is R5.8 billion. Interesting list of the richest people in South Africa and their net worth. In that year, he collaborated with Stephen Saad in the establishment of Aspen Pharmacare –the company where he currently serves as the deputy CEO. He founded the bank in 2001, and owns 11% of the bank's share.

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