Forbes magazine named two South Africans among the world’s billionaires in 2014 (two in the top 500.) These individuals are just a few of the highly successful business minds this country has to offer. Here’s a list of the richest folks on this part of the African continent:
Johann Rupert – Richemont
With a net worth of $7.9 billion, Rupert heads Richemont, the Swiss holding company which controls a number of brands that produce luxury goods, such as Cartier, Alfred Dunhill and Montblanc. Also the Chairman of Remgro, a South African technology company, he is the 173rd richest person in the world.
Nicky Oppenheimer – De Beers
This 69-year-old mining magnate has an estimated net worth of $6.8 billion. His wealth was acquired in the diamond trade, where he was chairman of the company from 1998 to 2012. With the Oppenheimer family having held control of De Beers since 1927; his family decided to implement some change by selling their 40% stake to Anglo American. He is ranked number 205 in world rankings.
Christo Wiese – Shoprite
At age 73, this retail guru is worth an estimated net worth of $5.3 billion. Largely known as the Chairman and Executive Director of Shoprite, he is also its largest shareholder- which is how he has amassed his fortune. From starting out as a director at Pepkor, the company his parents co-founded, he also owns more than 1200 corporate outlets under various names.
Patrice Motsepe – African Rainbow Minerals
The first and only black South African Dollar billionaire, the 53-year-old has many stakes in lucrative mining sectors. The University of Swaziland and University of the Witwatersrand alum has a net worth of $2.7 billion. He is also the non-executive chairman of Harmony Gold, the 12th largest gold mining company in the world.
Stephen Saad – Aspen Pharmacare
This self-made billionaire is Head of the largest generic pharmaceutical drugs manufacturer on the African continent. A Durban native, Saad became a millionaire when he sold his shares in a smaller pharmaceutical firm in the 1990s, at the age of 29 for $3 million. He is now worth an estimated $1.5 billion.
Allan Gray – Allan Gray Investments
Gray’s wealth was amassed through savvy investments. The East-London born Gray, who is notoriously media shy, founded one of South Africa’s largest investment firms. A Harvard Business School Graduate, he is worth an estimated $1.5 billion.
Koos Bekker – Naspers
Although the media tycoon has stepped down from Naspers, he maintains a net worth of $1.1 billion.
Desmond Sacco – Assore Group
Sacco initially made his money through the mining industry, having stated out at his father’s mining company, with a geology degree. Sacco was born in Johannesburg.
Elon Musk – Tesla Motors
Musk is worth mentioning on this list, seeing that he ‘technically’ tops the list, with an estimated net worth of $11 billion but no longer resides in South Africa. The man dubbed “The real life Tony Stark” grew up in Pretoria, but now resides in the USA. As a multi-talented businessman, engineer and entrepreneur, he co-founded PayPal, SpaceX and Tesla Motors.
Wendy Ackerman – PicknPay Holdings
The sole female on this list, Ackerman is a non-executive director of PicknPay. Her wealth stems from the company built by her father, Raymond Ackerman.