richest man in south africa

Stephen Saad is a 55-year-old (June 23, 1964) businessman born in the SA city of Durban. Raymond Ackerman is an SA resident with three children namely Kathryn Ackerman, Gareth Ackerman, and Suzanne Ackerman-Berman. Top 10 Most Civilized Countries in Africa. Gore is the company’s largest individual shareholder with an estimated 8% stake, according to Forbes. The country has a desirable lineup of rich people {Billionaires} who are majorly found in the business sector. According to Forbes, Saad became a millionaire at 29 when he sold his shares in the drug business, Coven Zurich, for USD3 million. Having been dismissed from his role as managing partner in 1995, Jannie Mouton went ahead to set up PSG Group. As it stands, Patrice Motsepe’s net worth of $1.5 billion makes him one of the richest men in South Africa. He became the first black partner at law firm Bowman Gilfillan in Johannesburg. He was also number 12 among the richest South African the same year. Currently, his net worth is valued at $2.8 billion. 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. His net worth is R28.56 billion. 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. Naturally, the country is also home to a number of enterprising individuals who have used their skills and knowledge to amass immense wealth. Luxury … In 2014, Steinhoff International agreed to purchase Pepkor Holdings for USD5.7 billion, adding clothing to the furniture retailer’s inventory. Mouton is the founder and chairman of PSG Group, a listed investment holding firm. 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, her reputation is still rising as fast as an influential South African woman. 5. Nicky Oppenheimer, who is Africa’s second richest man, is a South African of German descent. He is well known for having acquired the Pick ‘n’ Pay supermarket chain from Mr. Jack Goldin who established it. Hopefully to increase this list to top 30 then top 50 Richest Man in South Africa. As part of his business involvement, Lauritz Dippenaar happens to be the chairman of a financial group known as FirstRand. In the past, Mrs. Wendy Appelbaum served as the non-executive director of several companies. In conjunction with Lauritz Dippenaar and Paul Harris, GT Ferreira established Rand Consolidated Investing – the company which preceded FirstRand. He also founded asset manager, Orbis Investment Management, which manages USD30 billion in assets. Significantly, Glencore is one of the biggest global companies concerned with mining and commodity trading. He used his severance pay to acquire four retail outlets that were trading as Pick n Pay. His interests are mainly in mass media through Naspers media group. The bank is active on the Johannesburg capital market stock exchange. 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. Markus Jooste is a 59-year-old (January 22, 1961) South African who graduated from Stellenbosch University. Ivan Glasenberg is a 63-year-old (January 1957) business mogul who was born in the SA city of Johannesburg. Dippenaar is a qualified chartered accountant who built a financial services empire over the last few decades. His net worth is R13.6 billion. He has remained an active business partner since 1997. He is revered as an astute executive who transformed newspaper publisher Naspers into a digital media powerhouse, says Forbes. South Africa’s richest: Who is the wealthiest person in Mzansi? He graduated from the University of Pretoria, SA. 4. Save my name, email, and website in this browser for the next time I comment. The best part of Michiel le Roux’s wealth comes from Capitec Bank and currently, his net worth is estimated at $1.3 billion. His net worth is R16.32 billion. Motsepe also has a stake in Sanlam and is the president and owner of the Mamelodi Sundowns Football Club. He co-founded pharmaceutical maker Aspen Pharmacare with Stephen Saad in 1997. Because of his black ethnicity, he is also the richest black man in the world. He relocated from Italy to the South African city of Johannesburg and established Italtile –a South African company concerned with ceramics. It seems that this family has done well for themselves. Koos Bekker started at M-Net, which he founded with his colleagues, which was a pay television service. In 1992, his retail company Italtile and manufacturer Ceramic Industries were listed on the Johannesburg Stock Exchange. 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. Labeled as one of the wealthiest South Africans, Koos Bekker’s net worth is currently estimated at $2.2 billion. Sandile Shezi- Being laughed for selling muffins at school never pulled him down. Africa’s richest man. Also, he is a graduate of the University of Cape Town and his current net worth is valued at $500 million. Top 20 Richest People In South Africa 1. 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. In terms of GDP, South Africa is Africa’s second richest country after Nigeria. Cyril Ramaphosa is a 67-year-old (November 17, 1952) South African. He started out by earning his MBA from the University of Southern California in 1983. Johann Rupert is a 69-year-old (June 1, 1950) business mogul considered the second richest man in South Africa. Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest man in South Africa. Previously, he served as the chairman of De Beers –one of the biggest diamond mining firms in Africa. As it stands, Gus Attridge’s presence on the business scene gives him the net worth of $410 million. He is one of the prominent South African businessmen who has been active for years. To double up his business authority, Ivan Glasenberg serves as a board member of two mining companies namely Minara Resources Limited and Xstrata Plc. 11. He began importing and retailing them through a company he founded, Italtile. 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. So, who is the richest man in South Africa in 2020. This article obviously focuses on the top 20 richest South African men and the actual reasons behind their substantial wealth. Wendy Appelbaum is one of the wealthiest South Africans. Here’s the complete list of the richest men in South Africa. Based on estimates, Markus Jooste’s net worth hovers around $400 million. 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. 73-year-old Nicky Oppenheimer is the third richest man in Africa. At the moment, Giovanni Ravazzotti is worth an estimated amount of $330 million. You have entered an incorrect email address! Today, his bank has expanded to 668 branches, 6.2 million clients and over 10 000 employees. Lot of Internet Users are always interested in knowing the richest people in a particular country, Especially when the country is popular. At the moment, Johann Rupert is said to be worth $4.6 billion. Over and above that, he has remained South Africa’s deputy president since 2014. Harris joined Rand Consolidated Investments soon after it was founded. Some of them are in the Forbes ranking, and others are not, but they are all wealthy and successful. Rupert now owns a 7% stake in diversified investment firm Remgro, which he also chairs. He is best known as a self-made South African millionaire who has diversified dealings as a banker, investor, and businessman. Le Roux founded Capitec Bank and still serves as the bank’s chairman. 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. His net worth is currently valued at $1.2 billion. Across the world, Discovery Limited has almost 8,000 workers. 14. Lauritz Dippenaar is a 71-year-old (October 25, 1948) businessman born in the SA city of Johannesburg. This firm is best known for brands including Cartier and Montblanc. Under his management, Pick n Pay grew into 794 stores around Southern Africa, Mauritius and Australia. 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His personal fortune of $7.4 billion / … As of March 2020, the richest man in South Africa is Johann Rupert. Nicky Oppenheimer, arguably the world’s most successful diamond purveyor, inherited his fortune from his grandfather who founded Anglo American. He is a resident of Durban –the South African city where he was born and bred. He founded the bank in 2001, and owns 11% of the bank's share. His net worth is R65.28 billion. He graduated from the University of South Africa with a B Sc. Johann Rupert is the richest South African and the second richest person in Africa. Christo Wiese, who was once South Africa’s richest man, has swapped his office in an industrial area of Cape Town for a view of the Atlantic Ocean. According to Time Magazine Cyril Ramaphosa was among the most influential people in 2020. With his vigorous presence in the business field, GT Ferreira is currently worth $510 million. Aliko Dangote is the richest man in Africa and he has maintained the number one position for almost a decade. 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. Meanwhile, he rose to this position as a result of the election held at the National Conference of ANC in Mangaung. Impressively, Lauritz Dippenaar is one of the influential South Africans who donates some part of their wealth to philanthropic causes. 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. In 2015, he sold more than 70% of his Naspers shares. Raymond Ackerman is an 89-year-old (March 10, 1931) South African who has been on the business scene for years. At the moment, his net worth is valued at $450 million. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. Additionally, Johann Rupert doubles up his riches as the chairman of Remgro –one of the biggest companies in South Africa. He holds the largest private stake in Glencore (8.4%), the world’s biggest commodity trader. Also in previous times (from 1985 to 1988), GT Ferreira took official roles as the Managing Director of RMB Holdings. In 2018, there was a record of 23 African billionaires on the list. Sacco’s father, Guido, founded the firm in 1928 and passed the reins to his son when he retired in 1992. His net worth is R24.48 billion. His net worth is R5.6 billion. It’s the largest privately-owned asset manager in South Africa, overseeing USD35 billion in assets. 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. Your email address will not be published an emerging markets investment fund spread the list. 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