South Africa is one of the richest countries in the world, with a GDP per capita of $15,000. Given its large population (55 million) and relatively small land mass (1.2 million sq km), that means there are plenty of people living it up in style—and some are even doing better than others! Here we list ten of the richest South Africans:
Elon Musk – Net worth $147 billion (R2,225.1 billion)
Elon Musk is a South African-born Canadian-American business magnate, investor, engineer, and inventor. He is the founder, CEO and CTO of SpaceX; co-founder and product architect of Tesla Inc.; co-founder and CEO of Neuralink; co-founder and CEO of The Boring Company; co-founder, chairperson and principal shareholder of SolarCity; co-chairperson emeritus of OpenAI; founder of Zip2; founder of X.com which merged with Confinity to form PayPal Inc.,[18] which in turn was gained by eBay for $1.5 billion in October 2002.[19] In December 2016 he was ranked 21st on the Forbes list of The World’s Most Powerful People.[20][21] As an adult member at age 17, he joined Mensa International,[22][23][24] an organization whose members are in the top 2% in terms of IQ.[25][26] Later after dropping out of Queen’s University (Canada) he pursued a PhD degree at Stanford University but left before completing his doctorate degree when he started Zip2 company with his brother Kimbal Musk who had been awarded “Computer Science Student Of The Year” award by ACM SIGCSE.[27]
Nicky Oppenheimer – $7.6 Billion
Nicky Oppenheimer is a South African mining magnate, and one of the richest men in the country. His net worth is currently $7.6 billion. He inherits his fortune from his family, who also have a great deal of wealth due to their diamond mining company De Beers.
Nicky is one of 11 children born to Albert Oppenheimer and Victoria Schellenberg. His father was a close friend of Ernest Oppenheimer (known as “Ernest Ophir” or “Oppy”), who owned Anglo American Corporation — another major player in South African mining.
Johann Rupert – $5.3 Billion
- Johann Rupert – $5.3 Billion
- Nicky Oppenheimer – $5.2 Billion
- Patrice Motsepe – $4 Billion
- Koos Bekker – $3.6 Billion
- Allan Gray – $3 Billion
Koos Bekker -$2.5 Billion
Koos Bekker is a South African businessman and former chief executive officer of media conglomerate Naspers. He is the founder and chairman of the advisory firm, Growthpoint Investments.
Under his leadership, Naspers grew into one of Africa’s biggest companies with interests in social networks, e-commerce and financial services and traditional media such as newspapers and magazines. Its investments include Tencent Holdings Ltd., China’s top social network; Flipkart Online Services Pvt Ltd in India; Nigeria’s Jumia Group and classifieds sites such as OLX Group SA in Latin America.
Patrice Motsepe – $2 billion
Patrice Motsepe is a South African mining magnate and businessman. He is the founder and executive chairman of African Rainbow Minerals (ARM), formerly known as Aspen Holdings Limited, which he established in 1994. In 2004, he founded African Rainbow Capital (ARC) to invest in South Africa’s economy.
In 2010, he co-founded Sanlam Private Wealth Limited (SPWL) with his wife Precious Moloi-Motsepe as one of the first black-owned financial services companies in South Africa.
He has also invested heavily in various companies such as RCL Foods Limited, Aveng Group Limited and Standard Bank Group among others to help create employment opportunities for young people across Africa through mentorship programmes which place emphasis on entrepreneurship skills development.”
Stephen Saad-$1.2 billion
Stephen Saad is the founder of Saad Group, a South African conglomerate with interests in manufacturing, real estate, retail, media and financial services.
In 2017 Forbes named him one of the richest men in Africa with a net worth of $1.2 billion.
Michiel Le Roux -$ 1. 3 Billion
Michiel Le Roux is a South African businessman who is the founder and chairman of the Massmart chain of stores. He’s also the founder of Pick n Pay, which is one of the largest supermarket chains in South Africa.
In 1999 Le Roux got married to his wife Denise and has two children, a daughter named Karina and a son Jakobus. In an interview, he said that he has always wanted to be a millionaire before he was 30 years old but now on his 50th birthday he is already worth $1.3 billion dollars since he started working at the age of 16 years old!
Christoffel Wiese $ 1. 3 Billion
You may have heard of Christoffel Wiese. He’s the founder of Shoprite Holdings and its chairman. Not only that, but he has a net worth of $1.3 billion and is also the chairman of Steinhoff International, a South African multinational retail holding company with over 30,000 employees in Europe and Africa. The company has more than 10,000 stores in 14 countries across the world: Angola, Botswana, Lesotho, Mozambique, Namibia, Nigeria (where it operates under the name Game or Gametown), South Africa (where it operates under Pick n Pay), Zambia and Zimbabwe.
Jannie Mouton $ 1 Billion
Jannie Mouton is the founder and owner of New Look, a British fashion retailer with over 1,000 stores across the UK and Ireland. She was born in South Africa and moved to London at age 18 to study at the University of North London. She left college to work as a design assistant in fashion before launching her own business. In 1993, New Look opened its first store on Oxford Street in London’s West End; today it has over 1,000 locations worldwide and employs over 24,000 people in its retail network.
Lauritz Dippenaar -$700 million
>Lauritz Dippenaar is one of the richest people in South Africa, and he has amassed a fortune of $700 million through his career as a businessman, investor and philanthropist. He is the founder of Aspen Pharmacare Group and he’s also chairman of the group. Lauritz Dippenaar is also a member of the World Economic Forum’s International Business Council.
Conclusion
In conclusion, we have looked at the top 10 richest people in South Africa. This list includes billionaires who are worth billions of rands and have made their mark in the world of business and industry. The list also includes some more well-known names like Nicky Oppenheimer and Jannie Mouton, who have made their money through mining. However, it is clear that there are some other individuals who may not be as familiar to everyone but still have managed to make an impact on our lives through their success as entrepreneurs or investors!
