The richest persons in Africa have made their fortunes through investing in oil and gas, financial services, retail, telecommunications, mining, and manufacturing.
These are some of the most profitable enterprises on the planet, but they come with a lot of barriers to entry due to hefty startup costs and complex regulations.
Africa is home to some of the world's wealthiest people, which is no surprise. Africa has a huge amount of millionaires, with a population of 1.2 billion people.
This article will look at the top 3 wealthiest persons in South Africa and their net worth to see how they become so affluent!
3. Nicky Oppenheimer (South Africa) – $7.95billion
With a net worth of $7.75 billion, Nicky Oppenheimer, who is ranked #347 on the list, is South Africa's second-richest individual. In 2012, the Oppenheimer family sold a 40% stake in De Beers, the world's largest diamond miner, to Anglo American for $5.2 billion in cash. He manages private equity investments in Africa, Asia, the United States, and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital.
2. Natie Kirsh (South Africa) – $8.35 billion
Kirsh's fortune began with a 1,200-pound inheritance from his father, which placed him at #320 on the list. Kirsh now owns Kirsh Group, a closely held corporation that owns a majority stake in food supply firm Jetro Holdings. According to the College Point, New York-based corporation, Jetro Cash & Carry and Restaurant Depot locations can be located in more than 30 states. He also owns property and invests in private equity on four continents.
1. Johann Rupert & family (South Africa) – $12.1 billion
Rupert controls Cie. Financiere Richemont, the world's largest luxury watchmaker, through a family trust, which is ranked #184 on the list. The company's brands include Jaeger-LeCoultre and Cartier, both of which are situated in Bellevue, Switzerland. One of his other holdings is Remgro, a Stellenbosch, South Africa-based investment firm with more than 30 companies.
Source: https://africa.businessinsider.com/local/leaders/top-5-richest-people-in-africa-and-their-net-worth/jk6tpex | https://the360report.com/richest-men-in-africa/ | https://billionaires.africa/the-10-richest-people-in-africa-in-2022/
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