Thursday 8 January 2015

South Africa's Current Eight Richest Men: thesouthafrican.com

Johann Rupert


Nett worth: R82.35 billion

Position locally: 1

Position globally: 173

Source of wealth: Rupert made his billions as chairman of the Richemont luxury goods group. This Swiss conglomerate includes brands like Vacheron Constantin, Cartier, Alfred Dunhill, Montblanc and Chloe. He’s also the chairmain of the Remgro group.

Nicky Oppenheimer


Nett worth: R72.6 billion

Position locally: 2

Position globally: 205

Source of wealth: The Oppenheimer family founded Anglo American in 1917 and has been at the reigns of the world’s largest diamond producer, De Beers since 1927. In 2011 Nicky sold his 40% stake in De Beers to Anglo American for $5.1 billion, adding to his already substantial nest egg.

Christo Wiese


Nett worth: R34.67 billion

Position locally: 3

Position globally: 506

Source of wealth: Wiese is the largest shareholder and executive director of Shoprite, Africa’s biggest retail chain. He also started Pepcor and various other low-price chains globally.

Patrice Motsepe


Nett worth: R29.26 billion

Position locally: 4

Position globally: 642

Source of wealth: Mining.

Koos Bekker


Nett worth: R14 billion

Position locally: 5

Position globally: 1284

Source of wealth: Bekker was CEO of Naspers, Africa’s and one of the world’s largest media corporations.

The other three on our list come in hot on the heels of Koos Bekker, with all of them being in the same ballpark. These are Allan Gray, Stephen Saad and Desmond Sacco; each with a nett worth of around R14 billion.

Right, there you have it… something to aspire to in the new year. Just remember, there are more important things than money, we just don’t know what they are yet.