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Top 5 Forbes Richest People In Africa, Coming From South Africa (Is Patrice Motsepe Overrated?)

TruthFact
By TruthFact | self meida writer
Published 4 days ago - 6 views

1. Nicky Oppenheimer & Family

Net worth: $8 billion

Rank in 2020: 3

Net worth in 2020: $7.7 billion

Origin of wealth: Diamonds

Industry: metal and mining

Age: 75

Country: South Africa

Residence: Johannesburg

Education: Oxford University Christ Church, Master of Arts/Science, Oxford

Oppenheimer, heir to his family’s fortune, sold his 40% stake in diamond firm De Beers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers, and took the company private in 2001. For 85 years until 2012, the Oppenheimer family occupied a controlling spot in the world’s diamond trade. In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, which operates chartered flights with its fleet of three planes and two helicopters. He owns at least 720 square miles of conservation land across South Africa, Botswana and Zimbabwe.

Did You Know?

Oppenheimer owns Tswalu Kalahari Reserve, the largest private game reserve in South Africa. Oppenheimer is a sports fan and plays squash, golf and cricket. Notepads in his office read: “Things I must do before cricket.”

2.Johann Rupert

(Photographer: Chris Ratcliffe/Bloomberg via Getty Images)

Net worth: $7.2 billion

Rank in 2020: 5

Net worth in 2020: $6.5 billion

Origin of wealth: Luxury goods

Industry: Fashion and retail

Age: 70

Country: South Africa

Residence: Cape Town

Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. The company is best known for the brands Cartier and Montblanc. It was formed in 1998 through a spinoff of assets owned by Rembrandt Group Limited (now Remgro Limited), which his father Anton formed in the 1940s. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. In recent years, Rupert has been a vocal opponent of plans to allow fracking in the Karoo, a region of South Africa where he owns land.

Did You Know?

He also owns part of the Saracens English rugby team and Anthonij Rupert Wines, named after his deceased brother. Rupert says his biggest regret was not buying half of Gucci when he had the opportunity to do so for just $175 million.


3. Patrice Motsepe

(Photographer: Patrick T. Fallon/Bloomberg via Getty Images)

Net worth: $3 billion

Rank in 2020: 10

Net worth in 2020: $2.6 billion

Self-made

Origin of wealth: Mining

Industry: Metals and mining

Age: 58

Country: South Africa

Residence: Johannesburg


4.Koos Bekker

Photographer: Halden Krog/Bloomberg via Getty Images

Net worth: $2.8 billion

Rank in 2020: 11

Net worth in 2020: $2.5 billion

Self-made

Origin of wealth: Media, investments

Industry: Media and entertainment

Age: 68

Country: South Africa

Residence: Cape Town

Education: Columbia Business School, Master of Business Administration; University of Witwatersrand, LLB

Koos Bekker is revered for

transforming South African newspaper publisher Naspers into an eCommerce investor & cable TV powerhouse. He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 — by far the most profitable of the bets he made on companies elsewhere. In 2019, Naspers put some assets into two publicly-traded companies, the entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. It sold a 2% stake in Tencent in March 2018, its first time reducing its holding, but stated at the time it would not sell again for three years. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015.Did You Know?

His Babylonstoren estate, nearly 600 acres in South Africa’s Western Cape region, features architecture dating back to 1690, a farm, orchard and vineyard and more. Over the summer of 2015, he sold more than 70% of his Naspers shares.


5. Michiel Le Roux

Net worth: $1.2 billion

Rank in 2020: 18

Net worth in 2020: $1.3 billion

Self-made

Origin of wealth: Banking

Industry: Finance and investments

Age: 71

Country: South Africa

Residence: Stellenbosch

Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. The bank, which trades on the Johannesburg Stock Exchange, targets South Africa’s emerging middle class. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Le Roux previously ran Boland Bank, a small regional bank in Cape Town’s hinterland.

Did You Know?

The bank has more than 800 branches and over 13,000 employees. Fellow South African Jannie Mouton’s PSG Group owns a 30% stake in Capitec Bank.

from: https://www.forbes.com/africa-billionaires/list/#tab:overall

While you on it you may also be interested to check the Top 20 Richest People in The World:

https://www.operanewsapp.com/za/en/share/detail?news_id=edf890e432b732fec4eb8b34db1ddd47&news_entry_id=s3443828d210214en_za&open_type=tanscoded&request_id=232694864f2e8023802e197b62851f44cd2c625f&from=publisher

While you on it you may also be interested to check the Top 10 Richest Churches in The World:

https://www.operanewsapp.com/za/en/share/detail?news_id=b299d85093cfea968c6dd569fb372069&news_entry_id=s424f73fe210216en_za&open_type=tanscoded&request_id=232694864f2e8023802e197b62851f44cd2c625f&from=publisher

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