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Richest Men in South Africa 2018 Top 20

TOP 20 RICHEST MEN IN SOUTH AFRICA 2018 AND NET WORTH

South Africa is known to be the home of some of the richest billionaires on the African continent. In fact, 4 of the top 10 richest people in Africa are from South Africa.  This is to show how wealthy the nation is compared to others on the continent. This post will give an account of the top 20 richest men in South Africa 2018 and their net worth.

TOP 20 RICHEST MEN IN SOUTH AFRICA 2018 AND NET WORTH

  • 1. NICKY OPPENHEIMER

Nicky Oppenheimer - The Richest Man In South Africa

Nicky

Net worth: R95.2 billion

Source of wealth: Diamond Mining

Nicky Oppenheimer is the richest man in South Africa and the second richest in Africa as a whole. He is an investor in the diamond mining industry. He is an avid supporter of wildlife and environmental conservation project. In fact, he is the owner of Tswalu Kalahari Reserve which is home to engendered animal species in the world. Nicky attended Harrow School in the United Kingdom before moving over to Oxford University for his Bachelor and Master’s degree. He is happily married to Orcilla Lasch.

  • 2. JOHANN RUPERT

Johann Rupert - Who is The Richest Man In South Africa

Net worth: R83.0 billion

Source of wealth: Retail

Johann Rupert is the second richest in South Africa. At a time, he even overtook Nicky as the richest. This billionaire is also a conservationist, a cricket lover and golfer. He is the founder of Franschhoek Motor Museum, a car museum that houses his over 200 cars. He is also the chairman of Compagnie Financiere Richemont, the 3rd largest luxury goods chains in the world with over 20 premium brands. He is also the chairman of Remgro, an investment company with interest in industrial and mining as well as finance.

  • 3. CHRISTOFFEL WIESE

Christo Wiese - Top 20 Richest Men In South Africa and their net worth

Net worth: R76.2 billion

Source of wealth: Retail

Christoffel Wiese is a billionaire businessman in South Africa who ventured into business as the director of his parents Pepkor of which he currently owns 44% of the shares. He is currently the Executive Director of South African retail giant Shoprite, a giant consumer retail outlet company with branches in many countries that started out as a chain of eight supermarkets in Cape Town that was purchased for 1 million Rand. Wiese has been chairman of Invicta Holdings Limited since 2006. He is also the owner of a games reserve in the Kalahari Desert as well as the owner of a wine producing firm. He is also the owner of the Lourensford Estate.

  • 4. IVAN GLASENBERG

Ivan Glasenberg

Net worth: R65.3 billion

Source of wealth: Commodities

Ivan Glasenberg is the chief executive officer of Glencore, one of the largest commodity trading and mining companies in the world. He is also on the boards of mining companies Xstrata plc as well as the Minara Resources Ltd. Glasenberg was a race walking athletic in his early 20s. he is also a friend to Mick Davis, the CEO of Xstrata of which he is a board member. This South African billionaire became a citizen of Swiss in 2011, making him a citizen of two countries.

  • 5. KOOS BEKKER

Koos Bekker

Net worth: R28.6 billion

Source of wealth: Media

Koos Bekker is the chairman of leading emerging markets media group ‘Naspers’. Naspers company operates in 130 countries and is listed on the London and Johannesburg Stock Exchanges. This company is on record for having the largest market capitalization of any media company outside the US and China. He is one of the founders of the M-Net/Multichoice group, a pay television services. He is a founding director of MTN, mobile communication company.

  • 6. PATRICE MOTSEPE

Patric Motsepe

Net worth: R24.5 billion

Source of wealth: Mining

Patrice Motsepe is a South African mining magnate whom was named the richest person in South Africa in 2012. He is the founder and executive chairman of African Rainbow Minerals. This company has interests in gold, ferrous metals, base metals, and platinum. Motsepe is a board member of Harmony Gold (12th largest gold mining company in the world) and also the deputy chairman of Sanlam.

  • 7. ALLAN GRAY

Allan Gray

Net worth: R24.5 billion

Source of wealth: Wealth Management

Allan Gray is a South African investor and philanthropist. He is one of the richest men in South Africa and got his wealth through business. he is the founder and CEO of Allan Gray Investment Management. He is a philanthropist that can’t go unnoticed, he founded Allan Gray Orbis Foundation and the Allan and Gill Gray Charitable Trust.

  • 8. STEPHEN SAAD

Stephen Saad

Net worth: R16.3 billion

Source of wealth: Pharmaceuticals

The founder and Chief Executive Officer (CEO) of Aspen Pharmacare, the largest producer of generic medicines on the African continent. Stephen Saad is a South African businessman, this business became a millionaire at the age of 29 when he sold his shares at Covan Zurich for US$3 million. He is also the chairs the Sharks, a rugby union club in Durban.

  • 9. JANNIE MOUTON

Jannie Mouton

Net worth: R13.6 billion

Source of wealth: Banking

Jannie Mouton is a South African billionaire businessman. He is the founder and chairman of PSG Group and has a bachelor’s degree from Stellenbosch University. This billionaire is one of the richest men in South Africa and is blessed with 2 sons. He is the writer of his autobiography; And then they fired me.

  • 10. LAURITZ DIPPENAAR

Laurie Dippenaar

Net worth: R8.5 billion

Source of wealth: Banking

Lauritz Dippenaar is a South African self-made millionaire businessman, investor & banker who is the Chairman of FirstRand financial Group, well known for his philanthropic activities. Lauritz Dippenaar runs a scholarship programme through his generous endowments.

  • 11. MICHIEL LE ROUX

Michiel le Roux

Net worth: R7.2 billion

Source of wealth: Banking

Michiel Le Rour is the Chairman of Capitec Bank Holdings Limited. Until 2004, Michiel is the Founder of the Group and was Chief Executive Officer of Capitec Bank Holdings Limited. Michiel is also a Director of Zeder Investments. Also, he was a Managing Director of Distillers Corporation from 1979 to 1993 and from 1995 to 1998. Michiel was also a Managing Director of Boland PKS, NBS Boland and BoE Bank.

  • 12. RAYMOND ACKERMAN

Raymond Ackerman

Net worth: R6.9 billion

Source of wealth: Retail

Raymond Ackerman is a South African businessman. He is the owner of Pick ‘n Pay supermarket group which he bought from its founder Mr. Jack Goldin. Raymond Ackerman was chairman until he stepped down in 2010. Raymond is also well known for his philanthropic activities.

  • 13. ADRIAN GORE

Adrian Gore

Net worth: R6.7 billion

Source of wealth: Financial Services

Adrian Gore is a South African businessman and the founder and group chief executive of Discovery Limited, a diversified and multinational financial services group which he founded in 1992. Recognized as SA’s best entrepreneur by Ernst & Young in 1998 and chosen as South Africa’s leading CEO in the annual MoneyWeb CEO of the Year Awards in 2004. Aside these, he is also the winner of numerous awards.

  • 14. CYRIL RAMAPHOSA

Cyril Ramaphosa

Net worth: R6.4 billion

Source of wealth: Investment

Matamela Cyril Ramaphosa is a South African businessman, an activist, politican and a trade union leader. He is the current Deputy President of South Africa under Jacob Zuma since 2014. Ramaphosa built up the biggest and most powerful trade union in South Africa (National Union of Mineworkers (NUM)). He is the founder and CEO of Shanduka Group, an investment company in the resource sector. He is also chairman of The Bidvest Group Limited and MTN. Among others, he owns shares in Macsteel Holdings, Alexander Forbes, and Standard Bank.

  • 15. GERRIT FERREIRA

GT Ferreira

Net worth: R5.8 billion

Source of wealth: Banking and Insurance

Gerrit Thomas Ferreira is an SA businessman and banker, Chairman of RMI Holdings. GT Ferreira is also one of the co-founders of Firstrand bank in South Africa. Also known as GT Ferreira

  • 16. GUS ATTRIDGE

Gus Attridge

Net worth: R5.7 billion

Source of wealth: Pharmaceuticals

Gus Attridge co-founded pharmaceutical maker Aspen Pharmacare with CEO Stephen Saad (also one of the richest men in South Africa on the list) in 1997. Attridge owns a 4% stake in the publicly traded South African firm. Aspen Pharmacare bills itself as the world’s fifth largest generic drug maker. It expanded its global footprint with a slew of acquisitions in 2013.

  • 17. MARKUS JOOSTE

Markus Jooste

Net worth: R5.6 billion

Source of wealth: Retail

Markus Jooste is a South African businessman and the CEO of Steinhoff International. He is one of the richest men in South Africa. Markus, haven been with Steinhoff since 1988, he has done a great job of turning the company into Europe’s second-largest home good retailer. Currently, he is reported to be one of Africa’s richest individuals. Markus Jooste is an avid horse breeder.

  • 18. WENDY APPELBAUM

Wendy Appelbaum

Net worth: R4.7 billion

Source of wealth: Insurance and Property

The Owner and Chair-Woman of De Morgenzen Wine Estate. Notably, She is a member of many charitable organizations, which includes the Donald Gordon Foundation and the Global Philanthropists’ Circle among others.

  • 19. DESMOND SACCO

Desmond Sacco

Net worth: R4.7 billion

Source of wealth: Mining

Desmond Sacco is a South African billionaire businessman who serves as Chairman and Managing Director of Assore Limited. Sacco is a fellow of the Institute of Directors and the Geological Society of South Africa.

  • 20. Giovanni Alberto Mario Ravazzotti

Giovanni Ravazzotti

Net worth: R4.7 billion

Source of wealth: Retail

Mr. Giovanni Alberto Mario Ravazzotti is one of the richest men in South Africa. He founded Italtile Ltd in 1969 and served as its Chief Executive Officer since July 1, 2013. Mr. Ravazzotti served as the Chief Executive Officer of Italtile Limited from June 2001 to July 1, 2006 and as its Group Executive Chairman from July 1, 2006 to June 2, 2013. He served as Chief Executive Officer since July 1, 2013. He serves as Chairman of Ceramic Industries Limited. He has been Non-Executive Chairman of Italtile Ltd.

Looking at the list of 220 richest men in south Africa, 5 out of the 20 businessmen are into retail and 8 are into financial service provision. Mining is also a huge business in South Africa as some of these men are into it big time.

TOP 20 RICHEST MEN IN SOUTH AFRICA 2018 AND NET WORTH

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Updated: December 21, 2017 — 4:23 pm

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