How South Africa’s billionaires amassed their vast fortunes

Money makes money - and these six South Africans have made a lot of it over the years. And by a lot, we mean a LOT!

Jul 19, 2024 - 15:00
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How South Africa’s billionaires amassed their vast fortunes

Money makes money – and these six South Africans have made a lot of it over the years. And by a lot, we mean a LOT!

NOTE: This article is updated with the latest figures

According to Forbes’ real-time tracking of billionaires, Johann Rupert and his family are the richest in South Africa, with a net worth of $11.1 billion.

The Ruperts are followed by diamond magnate Nicky Oppenheimer, who boasts a net worth of $9.5 billion.

South Africa’s six dollar billionaires all made their money in different ways – from luxury goods, diamonds, mining, media, banking and retail.

In terms of the overall world list, South Africa-born Elon Musk is the world’s richest person.

Below is a list of the top six richest South Africans in the world as of 19 July 2024.

RankNameNet worthSource
198Johann Rupert$11.1 billionLuxury goods
251Nicky Oppenheimer$9.5 billionDiamonds
1 118Patrice Motsepe$3.0 billionMining
1 193Koos Bekker$2.8 billionMedia, investments
2 036Michiel Le Roux$1.6 billionBanking
2 274Christoffel Wiese$1.3 billionRetail

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