South Africa’s richest people in 2014

Forbes has released its annual listing of the world's billionaires, and eight South Africans have made the grade for 2014.

March 6, 2014 1 Comments
South Africa’s richest people in 2014

Forbes has released its annual listing of the world’s billionaires, and eight South Africans have made the grade for 2014, led by Richemont CEO, Johann Rupert.

While only two South African names appear in the top 500, the eight names listed by Forbes account for a total net worth of US$25.4 billion (R).

Topping the list for South Africans, luxury goods boss, Johann Rupert made his billions serving as chairman and CEO of Richemont, a Swiss holding company that controls brands such as Vacheron Constantin, Cartier, Alfred Dunhill, Montblanc and Chloé.

Rupert is also the chairman of Remgro, which has South African technology interests in the CIV group of companies, and an investment in SEACOM.

According to Forbes, his net worth is US$7.6 billion (R82.35 billion), making him the 173rd richest man in the world.

South African diamond magnate, Nicky Oppenheimer is the 205th richest person in the world, and the second richest person in South Africa, according to Forbes, with a net worth of US$6.7 billion (R72.6 billion).

As chairman of the world’s largest diamond producer, De Beers, the Oppenheimer family has held control of the company since Ernest Oppenheimer (Nicky’s Grandfather) took the reins in 1927.

In 2011, Oppenheimer made the decision to sell the family’s 40% stake in De Beers to Anglo American for $5.1 billion. Ernest Oppenheimer started a long legacy in mining, having also founded Anglo American in 1917.

Shoprite chief, Christo Wiese is listed by Forbes as the 506th richest person in the world – narrowly missing out a top 500 position – and 3rd richest in South Africa, with a net worth of US$3.2 billion (R34.67 billion).

Wiese is the chairman, executive director and the largest single shareholder of Shoprite, Africa’s biggest retail, low-price supermarket chain.

Mining magnate Patrice Motsepe is South Africa’s first and only black billionaire (in dollar terms). With a net worth of $2.7 billion (R29.26 billion), he’s the 4th richest South African, and the 642nd richest person in the world.

Naspers CEO Koos Bekker, who will be leaving the chief position at the media and Internet giant in April, also made the grade with a net worth of US$1.3 billion (R14 billion).

Richest people in South Africa

Rank# Name Net Worth
ZAR
173 Johan Rupert & family $7.6 billion R82.35 billion
205 Nicky Oppenheimer & family $6.7 billion R72.60 billion
506 Christo Wiese $3.2 billion R34.67 billion
642 Patrice Motsepe $2.7 billion R29.26 billion
1284 Koos Bekker $1.3 billion R14.09 billion
1284 Allan Gray $1.3 billion R14.09 billion
1284 Stephen Saad $1.3 billion R14.09 billion
1284 Desmond Sacco $1.3 billion R14.09 billion

More on Forbes

Where South Africa’s rich live

South Africa’s rich cashing in

World’s richest people in 2013


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: Christo Wiese, Forbes, Headline, Johann Rupert, Koos Bekker, Nicky Oppenheimer, Patrice Motsepe, Richest

Shutterstock is the image partner of BusinessTech – technology images can be found here

Join the Conversation ( 1 comment)
  • A Stuijt

    Forbes here perpetuates the deadly myth that ‘Whites Are Rich, Blacks Are Poor’ in South Africa — with their annual publication of a limited list of business people — which completely ignores the billions being looted by top ANC-cadres such as Jacob Zuma’s true ‘wealth’. It is indeed a ‘deadly’ myth, also repeated in their belief that ‘all white farmers are rich’, when in fact it’s the banks which own everything the farmers need to keep producing crops each year. This is a deadly myth which often incites blacks to attack white families in South Africa. The attackers often demand ‘the money in the safe’ and become extremely angry when they find so few ‘riches’ in the homes of whites. Usually they end up ‘robbing’ a cellphone and nothing much else of any value… Thousands of such incidents have occurred since 1994 under the ANC – which is hiding these ‘demographic’ crime statistics inside their grossly inaccurate crime-records. We’ve been trying to maintain archives for the past three years which detail the demographic crime statistics and specifically, the attacks by blacks against minority groups such as whites. We also record hatecrimes against minorities such as gay people. During the attacks against white families, it is often recorded by the white victims that their attackers went ballistic when they found out that their victims were telling the truth, that there were ‘no diamonds’, ‘no jewellery,’ and ‘no money’ in their empty safes. Often, victims would be murdered because their black-racist attackers refused to believe them. Our archives are located at http://www.censorbugbear.org/farmitracker/reports.

Free BusinessTech Newsletter:
Subscribe
X
bool(true)