The 16 richest people in South Africa right now

 ·19 Nov 2015

Forbes has ranked the 50 richest people in Africa in 2015 – and 16 South Africans have made the list, supplanting Nigeria which dominated in 2014.

According to Forbes, one-third of Africa’s richest business leaders live in South Africa, including six of Africa’s 23 billionaires.

However, a tough economic market, as well as the weakness of the rand versus the US dollar, means that the fortunes of the country’s richest have shrunk over the past year.

The 16 South Africans ranked by Forbes have a combined net worth of $28.45 billion (R402.7 billion), led by Nicky Oppenheimer, with $6.66 billion (R94.3 billion).

Luxury goods mogul Johann Rupert has historically ranked as the country’s richest man, however in September, Rupert lost his spot at the top to Retail tycoon, Christo Wiese.

Christo Wiese

Christo Wiese

Wiese, with a net worth of $6.5 billion (down from $6.8 billion in September) has since made way for Oppenheimer, whose wealth is derived largely from the sale of diamond group, De Beers, and other investments.

Oppenheimer, Wiese and Rupert lead the other wealthy individuals by some margin, with Rupert’s $6.3 billion net worth far ahead of number four in the country, Koos Bekker, who boasts a $1.7 billion fortune.

The other two billionaires listed are Aspen Pharma’s CEO, Stephen Saad (worth $1.2 billion) and Africa Rainbow Minerals head, Patrice Motsepe (worth $1.05 billion).

Top SA - Johann RupertNotably, deputy president Cyril Ramaphosa is also listed, with a net worth of $450 million. Ramaphosa, who is billionaire Motsepe’s brother-in-law, pulled out of many of his business investments when he became deputy president of the ANC.

The sale of shares in investment firm Shanduka, in particular, fetched millions for the politician.

Cyril Ramaphosa

Cyril Ramaphosa

Other rand-billionaires listed are Pick N Pay’s Raymond Ackerman; Discovery Holdings CEO Adrian Gore; Steinhoff CEO Markus Jooste; Capitec Bank founder and chairman Michiel Le Roux; and Italtile chairman Giovanni Ravazzotti.

These are South Africa’s richest people

# Name Net worth ($m) Net worth (Rm)
1 Nicky Oppenheimer 6 660 94 260
2 Christo Wiese 6 500 91 995
3 Johann Rupert 6 300 89 165
4 Koos Bekker 1 700 24 060
5 Stephen Saad 1 200 16 985
6 Patrice Motsepe 1 050 14 860
7 Jannie Mouton 970 13 730
8 Laurie Dippenaar 610 8 630
9 Machiel Le Roux 530 7 500
10 Raymond Ackerman 500 7 075
11 Adrian Gore 480 6 790
12 Cyril Ramaphosa 450 6 370
13 GT Ferreira 420 5 940
14 Gus Attridge 410 5 800
15 Markus Jooste 400 5 660
16 Giovanni Ravazzotti 330 4 670

Conversion done at USD 1 = ZAR 14.15

Although not listed by Forbes, South Africa has another dollar billionaire – Nando’s investor Dick Enthoven. According to Bloomberg, the reclusive executive is worth as much as $1.1 billion (R15.5 billion) thanks to the global chicken franchise.

More on the wealthy

South Africa’s top 10 richest suburbs

What South Africa’s richest 1% are worth

What if South Africa’s richest men gave all their money away?

South Africa has a new richest man

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