Home Blogs > Business

The 16 richest people in South Africa right now

May 17 '16 | By La Afrique Media | Views: 907 | Comments: 0

Forbes has ranked the 50 richest people in Africa in 2015 – and 16 South Africans have made the list, supplanting Nigeria which dominated in 2014.

According to Forbes, one-third of Africa’s richest business leaders live in South Africa, including six of Africa’s 23 billionaires.

However, a tough economic market, as well as the weakness of the rand versus the US dollar, means that the fortunes of the country’s richest have shrunk over the past year.

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 billion (R94.3 billion).

Luxury goods mogul Johann Rupert has historically ranked as the country’s richest man, however in September, Rupert lost his spot at the top to Retail tycoon, Christo Wiese.

Christo Wiese

Christo Wiese

Wiese, with a net worth of $6.5 billion (down from $6.8 billion in September) has since made way for Oppenheimer, whose wealth is derived largely from the sale of diamond group, De Beers, and other investments.

Oppenheimer, Wiese and Rupert lead the other wealthy individuals by some margin, with Rupert’s $6.3 billion net worth far ahead of number four in the country, Koos Bekker, who boasts a $1.7 billion fortune.

The other two billionaires listed are Aspen Pharma’s CEO, Stephen Saad (worth $1.2 billion) and Africa Rainbow Minerals head, Patrice Motsepe (worth $1.05 billion).

Top SA - Johann RupertNotably, deputy president Cyril Ramaphosa is also listed, with a net worth of $450 million. Ramaphosa, who is billionaire Motsepe’s brother-in-law, pulled out of many of his business investments when he became deputy president of the ANC.

The sale of shares in investment firm Shanduka, in particular, fetched millions for the politician.

Cyril Ramaphosa

Cyril Ramaphosa

Other rand-billionaires listed are Pick N Pay’s Raymond Ackerman; Discovery Holdings CEO Adrian Gore; Steinhoff CEO Markus Jooste; Capitec Bank founder and chairman Michiel Le Roux; and Italtile chairman Giovanni Ravazzotti.

These are South Africa’s richest people

#NameNet worth ($m)Net worth (Rm)1Nicky Oppenheimer6 66094 2602Christo Wiese6 50091 9953Johann Rupert6 30089 1654Koos Bekker1 70024 0605Stephen Saad1 20016 9856Patrice Motsepe1 05014 8607Jannie Mouton97013 7308Laurie Dippenaar6108 6309Machiel Le Roux5307 50010Raymond Ackerman5007 07511Adrian Gore4806 79012Cyril Ramaphosa4506 37013GT Ferreira4205 94014Gus Attridge4105 80015Markus Jooste4005 66016Giovanni Ravazzotti3304 670

Conversion done at USD 1 = ZAR 14.15

Although not listed by Forbes, South Africa has another dollar billionaire – Nando’s investor Dick Enthoven. According to Bloomberg, the reclusive executive is worth as much as $1.1 billion (R15.5 billion) thanks to the global chicken franchise.


No comments
You need to sign in to comment

Search People, News and more..



La Afrique Media has more than 100 Thousand Members. Get news and info that matter to you, a daily brief on what’s happening in your network, and a quick way to reach out and keep in touch. Connect. Find. Rate. Be found. Learn. Share & Post a Story

Become a member