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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