With a net worth of $460 million, Adrian Gore is a top businessman who transformed the South African medical insurance business. In 1992 he got backing from Laurie Dippenaar, co-founder of Rand Merchant Bank, to set up Momentum Health. The company was renamed Discovery Health and listed on the Johannesburg Stock Exchange in 1999.
Founder of tech company Thawte, a digital certificate and internet security company at the age of 22, Shuttleworth is worth an estimated $500 million. In 2002, he became the first African person to go to space.
After being fired from Checkers, Raymond Ackerman went on to buy four stores in 1966 and started trading under the name PicknPay. The entrepreneur has steered the company to become a retail giant with more than 700 stores as a franchise. Ackerman is worth an estimated $550 million.
Entrepreneur and conservationist Anton Rupert is the founder of the Rembrandt group and has created a net worth of $2.3 billion. He started out by manufacturing cigarettes in his garage and went on to build this into the tobacco and industrial conglomerate Rembrandt Group.
Herman Mashaba is the creator of cosmetics brand “Black Like Me”. He started by selling his products from the boot of his car and today he has a net worth of $100 million. Although he is one of many rich entrepreneurs in South Africa, Mashaba hasn’t rested on his laurels, but continues to strive for growth. He is currently expanding the Black Like Me products in the London market.
Entrepreneurship is what drives many economies towards growth.
It embodies qualities of leadership, initiative, a drive to succeed and innovation. These qualities are accompanied by the willingness to identify opportunities which others may have missed in the market and most importantly- the willingness to take the risk to pursue these opportunities.
What rich entrepreneurs in South Africa have in common is the ability to identify gaps in the market and the drive to make a success of the businesses.