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South Africa’s richest people

South Africa’s richest people

14 South Africans have made Forbes’ list of the wealthiest people in Africa, although Nigerian cement-king, Aliko Dangote still rules the roost.

According to Forbes, South Africa leads in Africa, with 14 people from the southern-most country appearing on its list of the 50 wealthiest people on the continent.

South Africa trumps both Nigeria (11 names) and Egypt (9 names).

However, with a net worth of $20.8 billion (R215.6 billion), self-made Nigerian billionaire, Aliko Dangote has directed his company, Dangote Cement, to operations across Africa – cementing his spot as the wealthiest man on the continent.

South African luxury goods tycoon, Johann Rupert added $2 billion to his fortune in 2013, according to Forbes, to steal the spot as second wealthiest man in Africa from Nicky Oppenheimer and family, who have had to weather the storm of a struggling local mining sector.

Forbes’ Africa’s richest list is based on people who were born on and currently reside on the continent, thus some African-born billionaires who no longer live here have been excluded.

# Name Net Worth (US$)
Net Worth (ZAR)
1 Aliko Dangote $20.8 billion R215.6 billion
2 Johann Rupert $7.9 billion R81.9 billion
3 Nicky Oppenheimer $6.6 billion R68.4 billion
4 Nassef Sawiris $5.9 billion R61.1 billion
5 Mike Adenuga $4.6 billion R47.7 billion
6 Christo Wiese $3.8 billion R39.4 billion
7 Isabel dos Santos $3.5 billion R36.3 billion
8 Issad Rebrab $3.2 billion R33.2 billion
9 Mohamed Mansour $3.1 billion R32.1 billion
10 Othman Benjelloun $2.8 billion R29.0 billion

South Africa’s showing

According to Forbes, South Africa’s 14 richest have a combined net worth of $28.79 billion, and an average net worth of $2.06 billion.

South African billionaires in the slow and struggling minig sector – such as Nicky Oppenheimer, Africa Rainbow Minerals chairman, Patrice Motsepe and Assore chairman, Desmond Sacco – saw little growth in their fortunes over the past year.

However the success of Aspen Pharmacare saw its founders Stephen Saad and Gus Attridge – with the former’s fortune more than doubling to $1.5 billion (R15.5 billion) in 2013, and the latter debuting on the Forbes list with a net worth of $525 million (R5.44 billion).

The list of South Africa’s wealthiest individuals is marred by slowed transformation, according to Forbes, with only two black men, and no women at all, on the list.

ANC deputy president, Cyril Ramaphosa, who was elected to the position in late 2012, is widely known in the South African business community, having sat on many big-name boards and co-owned big global brands such as McDonalds and Coca Cola in their local operations.

Naspers CEO, Koos Bekker is the richest and only billionaire in the country connected to technology and media. Naspers owns a large stake in China’s Internet and messaging company, Tencent, as well as Russia’s Mail.ru.

The massive drive in these companies – added to the successes of Naspers’ pay-TV and media business – have pushed Bekker’s fortune to $1.1 billion (R11.4 billion), according to Forbes.

# Name Net Worth (US$)
Net Worth (ZAR)
2 Johann Rupert $7.9 billion R81.9 billion
3 Nicky Oppenheimer $6.6 billion R68.4 billion
6 Christo Wiese $3.8 billion R39.4 billion
11 Patrice Motsepe $2.7 billion R28.0 billion
19 Stephen Saad $1.5 billion R15.5 billion
20 Desmond Sacco $1.4 billion R14.5 billion
24 Koos Bekker $1.1 billion R11.4 billion
29 Cyril Ramaphosa $700 million R7.25 billion
31 Lauritz Dippenaar $650 million R6.73 billion
37 Gus Attridge $525 million R5.44 billion
38 Raymond Ackerman $500 million R5.2 billion
43 Gerrit Thomas Ferreira $475 million R4.92 billion
43 Jannie Mouton $475 million R4.92 billion
45 Adrian Gore $460 million R4.76 billion

(1 USD = 10.37 ZAR)

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BusinessTech's Staff Writer is directly plugged into the South African Internet backbone, and spits out press releases and other news as he receives it. He is believed to be close ...
Tags: Africa, Forbes, Headline, rich list, South Africa

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Join the Conversation ( 14 comments)
  • Xileer

    Which really brings up the question…

    Why’re they still IN Africa… ?

    • Gman

      coz thats where the money is to be made.

      • sfiso

        Idiot where must they leave Africa? Grow your intellect stupid!!
        and watch the news even foreign countries are investing in africa….dooch bag

  • Andrew Craucamp

    Aliko Dangote is definitely not corrupt. Cement is undoubtedly worth more than double any other industry. That’s why all the world’s richest people are cement tycoons.

    • fluffypony

      [citation needed]

      (Not on the corruption thing, I don’t care about that, but where do you get off that “all the world’s richest people are cement tycoons”?)

      • RSF

        Good point. Just looked at the world’s richest list on Forbes and none of the top 10 (or even top 20) appear to be involved in cement. Not saying cement isn’t making people stupendously rich, but “…all the world’s richest people are cement tycoons.” is a bit of a stretch.

        • Sigh

          Dude, have you ever heard of this thing called sarcasm?

          • RSF

            Well I’ll be damned, you learn something new every day. Thanks Google! That explains so much… /s

            OK, in hindsight I stuffed up. Thanks for pointing it out.

  • Marius

    Its impossible to value these people’s wealth because they have everything in trusts. Those who control Forbes (and by definition the banksters) don’t want the man on the street to know anything about trusts. So they want us to believe that these rich guys do things like everyone else having assets in their own name. Case in point: where is Allan Gray, who supposedly has more than Rupert..? Nowhere… because he is one step ahead and Forbes can’t calculate his wealth because nothing is in his own name.

  • MofromRo

    Oppenheimer has billions, yet allows South African miners to live in sub human conditions, when just a tiny fraction of his immense wealth could make such major improvements to the living conditions of those that helped make him so rich.

    • invalidusername

      I agree with you completely, but the government controls minimum wage and has therefore decided the minimum economic position people can be placed in. Obviously a lot of businesses will take advantage of this. It’s up to the government to enforce better living conditions by increasing minimum wage

      • MofromRo

        The minimum wage for a third world country (South Africa) is not that bad. But miners do not have to be paid minimum wage, they can be paid higher – there’s nothing to prevent that happening except for the greed of Oppenheimer & Co. Mine owning companies run by people with a shred of human decency would provide better living conditions. There’s no need to hide behind flimsy excuses, except psychopaths will use anything and everything to tread on their fellow men to their own benefit.

  • Dante8624

    There’s an old saying which goes something like “all wealth is built on a crime ,the bigger the wealth the bigger the crime”

    • julius Malema

      Every fotune has a crime,the bigger the fortune the bigger the crime. ..

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