Who Are The Richest South Africans?

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Written by Dana Sanchez

South Africa’s first and only black billionaire (in dollars), mining magnate Patrice Motsepe has a net worth of $2.7 billion and he’s the fourth-richest South African, according to the 2014 Forbes list of billionaires, BusinessTech reports.

But Motsepe is just the 642nd-richest person in the world.

South Africa’s richest man, Johann Rupert, is worth $7.6 billion but he’s only the 173rd
richest man in the world, BusinessTech reports.

Eight South Africans worth an estimated $25.4 billion in total assets made the Forbes 2014 list of the world’s billionaires.

Just two of the richest South Africans are in the top-500 richest-in-the-world list.

Rupert made his billions in luxury items as chairman and CEO of Richemont, a Swiss holding company that controls brands such as Cartier, Alfred Dunhill, Vacheron Constantin, Montblanc and Chloé.

Rupert is also the chairman of Remgro, which has South African technology interests and an investment in SEACOM, a network of undersea cable systems connecting Africa to Europe, Asia  and the Middle East.

South African diamond magnate Nicky Oppenheimer is South Africa’s second-richest man and the 205th-richest person in the world, according to Forbes. His net worth is $6.7 billion.

The Oppenheimer family controlled De Beers, the world’s largest diamond producer, since Ernest Oppenheimer (Nicky’s Grandfather) took over in 1927.

In 2011, Oppenheimer sold the family’s 40-percent stake in De Beers to Anglo American for $5.1 billion. Ernest Oppenheimer had a long legacy in mining — he also founded Anglo American in 1917.

The third-richest man in South Africa, Christo Wiese of Shoprite has a net worth of $3.2 billion and Forbes ranked him 506th richest in the world. Shoprite is Africa’s largest retail, low-price supermarket chain. Wiese is its chairman, executive director and top shareholder.

With a net worth of $1.3 billion, Koos Bekker also made the list. He’s CEO at Naspers, a media and Internet giant, but will be leaving that position in April, BusinessTech reports.

Here’s Forbes’ eight richest people in South Africa: Johan Rupert & family $7.6 billion; Nicky Oppenheimer & family $6.7 billion; Christo Wiese $3.2 billion; Patrice Motsepe $2.7 billion; Koos Bekker $1.3 billion; Allan Gray $1.3 billion; Stephen Saad $1.3 billion; and Desmond Sacco $1.3 billion.


About Dana Sanchez

Dana Sanchez was born in South Africa and is a U.S. citizen. After working in advertising, she went back to school and earned a master's degree in journalism from the University of South Florida. As a business writer, she won regional and national writing awards. As editor of a daily newspaper, she coordinated staff writers, freelancers and photographers in the fast-paced environment of daily news. Dana was an editor at Moguldom Media Group for four years, helping to build and manage a team of staff and freelance writers. She works now on Moguldom.com for Nubai Ventures. A long-distance hiker and cyclist, she writes about the business of technology.