He is best known for his business reputation as the chairman and originator of PSG Group. Who are the top 20 richest men in South Africa? 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. Koos Bekker, who graduated from University of the Witwatersrand and Stellenbosch University, is currently the chairman of Naspers. Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest man in South Africa. Harris joined Rand Consolidated Investments soon after it was founded. He is best known as a self-made South African millionaire who has diversified dealings as a banker, investor, and businessman. Currently, Christoffel Wiese is the Executive Director of Shoprite –Africa’s biggest supermarket store and retail outlet. In 2010, Raymond Ackerman resigned from his position as the chairman of Pick ‘n’ Pay. Across the world, Discovery Limited has almost 8,000 workers. Luxury … 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. Top 20 Richest Men In South Africa And Their Net Worth 2020 1. As part of his business involvement, Lauritz Dippenaar happens to be the chairman of a financial group known as FirstRand. Having Patrice Motsepe as the major player, the family is the founder of African Rainbow Minerals with Patrice as the Chairperson. She had been in the mining business ever since the ’80s. Gray founded his Cape Town-based investment management firm Allan Gray Limited in 1973. 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. Wendy Appelbaum is one of the wealthiest South Africans. According to Time Magazine Cyril Ramaphosa was among the most influential people in 2020. He’s worth R76.16 billion. Aspen Pharmacare is the world’s fifth-largest generic drug maker, with an expanded global footprint, and a slew of acquisitions in 2013. 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. Ten years later, with the first hints that there would be trade sanctions against South Africa, he pivoted his business and began manufacturing ceramic tiles domestically. SA-born Elon Musk becomes world’s second-richest man, as Tesla overtakes Microsoft 25th November 2020 25th November 2020 by Editor Elon Musk, who was born in South Africa and grew up in the country before moving across the Atlantic to find his fortune, has overtaken Microsoft founder Bill Gates to become the world’s second-richest person. In 2008, Wesco... Sharon Wapnick. Meanwhile, the database was composed of 100,000 contact details. Cyril Ramaphosa is the current president of South Africa. The country has a desirable lineup of rich people {Billionaires} who are majorly found in the business sector. 5. His journey to wealth started when he co-founded Rand Consolidated Investing with GT Ferreira and Paul Harris in 1977. He co-founded pharmaceutical maker Aspen Pharmacare with Stephen Saad in 1997. His interests are mainly in mass media through Naspers media group. It seems that this family has done well for themselves. Currently, Johann Rupert is the chairman of Richemont –a prestigious company located in Switzerland and specializing in luxury items. His net worth is R4.7 billion. Wiese built a retail empire by capitalising on bargain prices and has expanded its geographic footprint. It’s the largest privately-owned asset manager in South Africa, overseeing USD35 billion in assets. He started out by earning his MBA from the University of Southern California in 1983. He began importing and retailing them through a company he founded, Italtile. The Nigerian tycoon is the chairman and founder of the Dangote Group, the parent company of the largest cement producer in Africa - Dangote Cement. In 1992, his retail company Italtile and manufacturer Ceramic Industries were listed on the Johannesburg Stock Exchange. As a reputable South African in the mining industry, Patrice Motsepe is the executive chairman and originator of African Rainbow Minerals –a mining company concerned with platinum, base metals, gold, and ferrous metals. He relocated from Italy to the South African city of Johannesburg and established Italtile –a South African company concerned with ceramics. Top 10 Most Civilized Countries in Africa. Nicky Oppenheimer – R105 billion At the moment, Giovanni Ravazzotti is worth an estimated amount of $330 million. Nicky Oppenheimer is a 74-year-old (June 8, 1945) tycoon and the richest... 2. His net worth is R16.32 billion. The 16 South Africans ranked by Forbes have a combined net worth of $28.45 billion (R402.7 billion), led by Nicky Oppenheimer, with $6.66 … He was also number 12 among the richest South African the same year. 1. His other investments include 15% of Shoprite Holdings, which has supermarkets, furniture stores and fast food outlets in 15 countries across Africa and the Indian Ocean Islands, as well as stakes in private equity firm Brait, industrial products company Invicta Holdings and mining-sector investor Pallinghurst, says Forbes. Founder and chairman of African Rainbow Minerals, Patrice Motsepe, also launched a new private equity firm focused on investing in Africa, Africa Rainbow Capital. Lot of Internet Users are always interested in knowing the richest people in a particular country, Especially when the country is popular. Save my name, email, and website in this browser for the next time I comment. He is a self-made millionaire. He is a resident of Durban –the South African city where he was born and bred. In 2012, he sold his 40% stake in DeBeers to Anglo American for USD5.1 billion in cash. Among his philanthropic contributions is the scholarship scheme he organizes. Discovery Limited has appeared on the Johannesburg Stock Exchange and since its establishment, it has grown into a financial company with global and diversified services. Also in previous times (from 1985 to 1988), GT Ferreira took official roles as the Managing Director of RMB Holdings. Aspen markets generic medicines in 10 countries. In 1977, alongside his partners Paul Harries and Laurie Dippenaar, Ferreira started Rand Consolidated Investing, says Forbes. In 2014, Steinhoff International agreed to purchase Pepkor Holdings for USD5.7 billion, adding clothing to the furniture retailer’s inventory. The prosperity of SA is driven by its considerable economic development and this makes it one of the destinations some foreigners prefer to run their investments on the African continent. Sitting in the topmost position is Nicky Oppenheimer –a diamond magnate who is declared the second richest person in Africa. His net worth is R24.48 billion. You have entered an incorrect email address! Sacco’s father, Guido, founded the firm in 1928 and passed the reins to his son when he retired in 1992. At the moment, his net worth is valued at $450 million. Nicky Oppenheimer. He risked all his tuition fee whilst he was still at the Durban University of Technology which was a long short that made him a multimillionaire today. Who are the top 20 richest men in South Africa? Mouton is the founder and chairman of PSG Group, a listed investment holding firm. South Africa’s 5 richest people According to Forbes’ annual ranking of dollar billionaires, diamond magnate Nicky Oppenheimer is the richest man in the country with a net worth of $7.3 billion. Both of his sons sit on PSG Group’s board, and his son Piet Mouton is now CEO. He is well known for having acquired the Pick ‘n’ Pay supermarket chain from Mr. Jack Goldin who established it. Motsepe also has a 37% stake in the Blue Bulls Co., South Africa’s best performing rugby team. He is renowned as a diamond magnate. He has remained an active business partner since 1997. She has been appointed to a number of authoritative roles. He is the chairman and founder of Capitec Bank. Johann Rupert is the richest South African and the second richest person in Africa. 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. He holds the largest private stake in Glencore (8.4%), the world’s biggest commodity trader. Previously, he served as the chairman of De Beers –one of the biggest diamond mining firms in Africa. Johann Rupert – Net Worth: $4.6 Billion. This site uses Akismet to reduce spam. He claims a great stance among the richest men in South Africa as a result of his thriving business involvement as the CEO of Glencore. Dangote Group founder Aliko Dangote has topped the 2018 list. Johann was raised in Stellenbosch in the Western Cape province of South 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. Harris was the chief executive of the FirstRand group from 2005 to 2009. (adsbygoogle = window.adsbygoogle || []).push({}); Your email address will not be published. Johann Rupert is a 69-year-old (June 1, 1950) business mogul considered the second richest man in South Africa. Labeled as one of the wealthiest South Africans, Koos Bekker’s net worth is currently estimated at $2.2 billion. Top 20 Richest Men in South Africa & Net Worth (2020), Top 10 Best Radio Stations in South Africa, Top 10 Richest Women in the World (2020 Forbes), 10 Guinness World Records You Didn't Know Were Held By South Africans. He is engaged in a number of activities making him a trade union leader, activist, businessman as well as politician. The business now has operations across South Africa and India. Aliko Dangote, Africa’s richest man, meanwhile, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of … Meanwhile, Ravazzotti set up this company in South Africa because he observed that the country was in need of substantial ceramic products. His net worth is R8.5 billion. Tags: Top 20 Richest Men In South Africa 2020 Net Worth 10, 30, 50,100Â, Your email address will not be published. As of March 2020, the richest man in South Africa is Johann Rupert. GT Ferreira is a 72-year-old (April 6, 1948) South African business mogul who graduated from the University of Stellenbosch. Koos Bekker is another South African in the top 10 list of the richest man in Africa. With his vigorous presence in the business field, GT Ferreira is currently worth $510 million. In that year, he collaborated with Stephen Saad in the establishment of Aspen Pharmacare –the company where he currently serves as the deputy CEO. 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. Nicky Oppenheimer – Net Worth: $7.5 Billion. Spread the love List Of Top Richest People In South Africa By Net Value. According to Forbes, as Deputy CEO, Attridge owns a 4% stake in the publicly traded firm. She is the sister to South Africa’s richest black entrepreneur Patrice Motsepe and to the first lady of South Africa Tshepo Motsepe Ramaphosa. Anglo American now controls 85% of De Beers. The bank is active on the Johannesburg capital market stock exchange. Although GT Ferreira works as a banker, he is best known for his vibrant roles in the business sphere where he serves as the Chairman of RMI Holdings. In 1994, he bought low-producing gold mine shafts and turned them profitable. Significantly, Glencore is one of the biggest global companies concerned with mining and commodity trading. Wendy Appelbaum. Over and above that, he has remained South Africa’s deputy president since 2014. Rupert now owns a 7% stake in diversified investment firm Remgro, which he also chairs. In conjunction with Lauritz Dippenaar and Paul Harris, GT Ferreira established Rand Consolidated Investing – the company which preceded FirstRand. 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