It is said that the rich are getting richer, and vice versa. But the truth behind this is yet to be justified. Whether self-made or you inherited, or still you are an investor, having wealth is one thing that everyone is working hard for.
The following are the top 10 richest in South Africa :
10- Desmond Sacco
The South African businessman serves as the chairman and manager of Assore Limited. His net worth is $680 million. Desmond was born in South Africa. He inherited the Assore group from his father, Guido Sacco, and became the chairman of the group in 1992. In the same year, he became the Vice chairman of Assmang limited later becoming the chairman. He listed the Assore Group on the Johannesburg Stock Exchange. Sacco is also a geologist and a fellow at the Institute of Directors and a member of the Geological Society of South Africa. He is married with two children.
9- Cyril Ramaphosa
Cyril Ramaphosa is a politician, businessman, activist as well as a union leader. He was born on 17 November 1952 in Soweto South Africa. The self-made millionaire has business interests in various investments. His estimated net worth is US$ 700 million and is the top richest politician in South Africa. He was once CEO OF Shanduka Group which has investments in the resources, real estates, energy, insurance, banking, and telecoms. He has also held non-executive positions with Alexander Forbes and Standard Bank as well as being the chairman of Bidvest Group and MTN. Currently, he is the deputy president of South Africa.
8- Lauritz Dippenaar
Lauritz was born on 25th October 1948 and is well known for the Dippenaar scholarship. The South African self-made millionaire created a financial services group from scratch. He is the chairman of FirstRand financial group, one of the South Africa’s high street banks. His main interest is in banking and insurance firms. His net worth is $730 million. He is married with three children.
7- Stephen Saad
Born in June 1964 in Durban South Africa, Stephen Bradley Saad, the South African businessman, is the founder and CEO OF Aspen Pharmacare. According to Forbes 2017; he has net worth of US$1.6 billion. The bachelor of commerce degree holder from the University of Natal begun his career in a prescription drugs company known as Quickmed.In 1967; he co-founded Aspen Pharmacare with his colleague Gus Attridge. The company is the largest producer of generic medicine in Africa and is listed on the Johannesburg stock exchange. He is also the chairman of Sharks, rugby union club in Durban and even the owner of Sabi Game reserve, a private reserve near the Kruger National park.
6- Patrice Motsepe
Patrice Tlhopane Motsepe, South Africa’s first black billionaire, is a South African mining magnate. He was born on January 28, 1962, in Soweto; SA. He is the founder and CEO of African Rainbow Minerals which deals in base metals, gold, platinum and ferrous metals. He is the non executive chairman of Harmony and also is Sanlam’s Vice Chairman. African Rainbow Minerals controls 19.8 percent of Harmony Gold Mining Company, SA’s largest gold miner. His family trust owns 43.1percent of ARM. His net worth as at July 2917 was $2.5 billion according to Bloomberg.
5- Koos Bekker
Jacobus Petrus Bekker was born on 14th December 1952 in Potchefstroom South Africa. He is the CEO of Naspers, the emerging group in media marketing which operates in 129 countries. He has run the company since 1997, and it has interests in pay TV, Internet, newspapers, books, magazines, and private education. In 2010, he was the director of FIFA World Cup and also a founding manager of the MTN, a mobile telecom firm. Koos Bekker is married with two children and has a net worth of $2.6 billion.
4 – Christoffel Wiese
Christoffel Wiese, chairman Steinhoff International is a businessman whose source of wealth is from consumer retail. According to Bloomberg, he has an estimated value of $6.17 billion March 2017. Christofel was born on 10th September 1941 in Upington, South Africa. He is the CEO of Shoprite.
3 – Allan Gray
Allan WB Grey has a net value of US $6.2 billion. The South African business magnate is the founder of Allan Gray investment and Management, a privately owned investment manager in Africa. It focuses on generating long-term wealth for its investors. The company has offices in Botswana, Nigeria, and Namibia. The company deals with retail unit trust products and Retirement products among others.
2 – Nicky Oppenheimer
Nicholas Nicky Oppenheimer was born on June 8, 1945, to Harry Oppenheimer and Bridget McCall. The South African businessman is the chairman of De Beers Diamond Company as well as its other branch, the Diamond Trading Company. He also has financial interests in Anglo America, a diversified mining company founded by his grandfather, Ernest Oppenheimer. According to Bloomberg, Nicky’s net worth was $6.66 billion as of July 2017.
1 – Johann Rupert
According to Bloomberg, Johann Peter Rupert was worth $7.54 billion in July 2017. Born on 1st June 1950, he is the eldest son of South Africa’s business tycoon, Anton Robert and his wife, Hubert. Johann Rupert is the chairman of a Swiss luxury group Richmond, as well as Remerge, a South Africa based company. The luxury brands include fashion labels Chloe, Dunhill and Azzedine Alaia. The Company also has an established watch and jewelry brands including Vacheron Constantin and Carter, Van Cleef and Arpels.