The majority of Dangote’s wealth stems from his stake in Dangote Cement, which is publicly traded on the Nigerian Stock Exchange.<\/p>\n
So how far behind Mr Dangote are South Africa’s wealthiest black citizens, and who are they?<\/p>\n
In November, Forbes ranked the 50 richest people in Africa in 2015 \u2013 and 16 South Africans made the list, including Patrice Motsepe, placing 6th, and Cyril Ramaphosa at 12th.<\/p>\n
Patrice Motsepe<\/h3>\n
Patrice Tlhopane Motsepe is a South African mining magnate. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum.<\/p>\n
Motsepe’s net worth is put at $1.1 billion<\/strong> (R18 billion) ranking him 847th in the world, and 22nd in Africa in 2015.<\/p>\n However, Forbes<\/a> reported earlier this month that since its last report, a mere two months ago, Motsepe has seen his fortune slip by as much as $200 million because of a softer currency and falling stock prices.<\/p>\n Patrice-Motsepe<\/p><\/div>\n Ramaphosa has stepped back from his business pursuits since being appointed deputy president of South Africa in May 2014.<\/p>\n He stepped down as chairman of investment firm Shanduka Group in May 2015 and a year later completed the process of selling his 30% stake in the company.<\/p>\n Forbes puts his fortune at $450 million<\/strong> (R7.4 billion) – 42nd richest in Africa.<\/p>\n Read:\u00a0Did Ramaphosa just score R2.5 billion?<\/a><\/strong><\/p>\n Cyril Ramaphosa<\/p><\/div>\n Tokyo Sexwale<\/strong><\/p>\n Tokyo Sexwale is one of five candidates put forward to be the new FIFA president.<\/p>\n Sexwale has a rich political background,\u00a0 having spent many years on Robben Island, alongside the late Nelson Mandela, during apartheid.<\/p>\n Upon his release, he worked his way up to a position where he campaigned for a leadership position within the ANC. The once Gauteng premier was appointed by President Jacob Zuma as Minister of Human Settlements in 2009.<\/p>\n Upon leaving the public sector, Sexwale founded Mvelaphanda Holdings – a company of which he is still executive chairman.<\/p>\n In 2009, Sexwale declared his wealth to be approximately R2 billion.<\/p>\n His net worth is put at $200 million<\/strong><\/a> (R3.27 billion).<\/p>\n In 2013, it was reported that Sexwale had bought his own personal tropical island in the Indian Ocean for $70 million.<\/p>\n Sipho Nkosi<\/strong><\/p>\n Sipho Nkosi is the CEO of Exxaro Resources, a diversified group with interests in the coal, titanium dioxide, ferrous and energy markets.<\/p>\n Nkosi is set to retire as CEO in March after seven years on the job – having joined Exxaro in November 2007, one year after the company listed on the JSE.<\/p>\n Exxaro’s share price has taken a beating in recent years, an particularly in 2015, along with other resource stocks.<\/p>\n However, the its share price was up nearly 6% in trade on Wednesday (27 January) to R53.77, having hit a low of R37.69 in 2015 – and from R29 in 2007.<\/p>\n In 2014, Nkosi was paid a salary of R16.84 million by the company, including R5.5 million in gains on management share schemes.<\/p>\n The Sunday Times rich list, published in late 2015, stated that Nkosi’s holding in Exxaro Resources was 2.7%. The company has a market cap of R19.26 billion.<\/span><\/p>\n![\"Patrice-Motsepe\"](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2012\/07\/Patrice-Motsepe.jpg\")
<\/a>\u00a0Cyril Ramaphosa<\/h3>\n
![\"Cyril](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2015\/11\/Cyril-Ramaphosa-2.png\")
<\/a>![\"TokyoSexwale\"](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/01\/TokyoSexwale.jpg\")
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![\"SiphoNkosi\"](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/01\/SiphoNkosi.jpg\")
<\/a>Image courtesy of the FinancialMail<\/em><\/p>\n![\"Phuthuma](\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2013\/05\/Phuthuma-Nhleko.png\")
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