{"id":136171,"date":"2016-09-09T13:17:31","date_gmt":"2016-09-09T11:17:31","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=136171"},"modified":"2016-09-09T13:17:31","modified_gmt":"2016-09-09T11:17:31","slug":"south-africa-has-a-new-richest-man-while-the-fight-is-on-for-the-global-number-one","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/136171\/south-africa-has-a-new-richest-man-while-the-fight-is-on-for-the-global-number-one\/","title":{"rendered":"South Africa has a new richest man &#8211; while the fight is on for the global number one"},"content":{"rendered":"<p>Forbes reported this week that Amancio Ortega, the Spanish retail mogul who created fashion store Zara, unseated Microsoft co-founder Bill Gates as the world&#8217;s richest man.<\/p>\n<p>At the same time in South Africa, diamond magnate Nicky Oppenheimer, passed retail tycoon Christo Wiese as the country&#8217;s wealthiest person.<\/p>\n<p><a href=\"http:\/\/fortune.com\/2016\/09\/09\/amancio-ortega-bill-gates-richest\/\" target=\"_blank\">Forbes<\/a> noted that Ortega\u2019s wealth was boosted after shares in Inditex, parent company to Zara, Massimo Dutti and Pull&amp;Bear, advanced 2.5% Wednesday, lifting Ortega\u2019s net worth to $79.5 billion, while Gates is worth an estimated $78.5 billion.<\/p>\n<p>Ortega\u2019s time at the top was short lived however, as on Friday morning, Gates is back at the summit, albeit by a very slim margin.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/09\/Amancio-Ortega.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-136181\" src=\"http:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/09\/Amancio-Ortega.png\" alt=\"amancio-ortega\" width=\"600\" height=\"400\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/09\/Amancio-Ortega.png 600w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2016\/09\/Amancio-Ortega-300x200.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>In South Africa however, Oppenheimer&#8217;s lead is more clear cut, boasting a fortune of $6.6 billion &#8211; 174th in the world, versus Wiese&#8217;s $5.8 billion &#8211; 214th in the world.<\/p>\n<p>Nicky Oppenheimer, former chairman of De Beers diamond mining company, has seen his fortune remain stable over the past year.<\/p>\n<p>Wiese, who founded Shoprite Holdings, and now chairs the company, along with Pepkor Holdings, has been active in the market of late, through Steinhoff International.<\/p>\n<p>Last month, a Wiese backed company also acquired a 47% stake in alluvial diamond miner, Trans Hex.<\/p>\n<p><strong>Read: <a href=\"http:\/\/businesstech.co.za\/news\/wealth\/110961\/south-africas-richest-women-vs-the-world\/\" target=\"_blank\">South Africa\u2019s richest women vs the world<\/a><\/strong><\/p>\n<p>Johann Rupert remains the third richest South African, and is followed by Allan Gray, who founded Cape Town-based investment management firm Allan Gray.<\/p>\n<p>Naspers chairman, and former CEO, Koos Bekker, completes the top five richest South Africans list, while Patrice Motsepe is the only other South African on Forbe&#8217;s list, ranked 1,577th in the world.<\/p>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"10%\">#<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"30%\">Billionaire<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"20%\">2016<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"20%\">2015<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"20%\">Source<\/th>\n<\/tr>\n<tr>\n<td>174<\/td>\n<td>Nicky Oppenheimer<\/td>\n<td>$6.6bn<\/td>\n<td>$6.3bn<\/td>\n<td><strong>Diamonds<\/strong><\/td>\n<\/tr>\n<tr>\n<td>214<\/td>\n<td>Christo Wiese<\/td>\n<td>$5.8bn<\/td>\n<td>$6.7bn<\/td>\n<td><strong>Retail<\/strong><\/td>\n<\/tr>\n<tr>\n<td>248<\/td>\n<td>Johann Rupert<\/td>\n<td>$5.3bn<\/td>\n<td>$7.4bn<\/td>\n<td><strong>Luxury goods<br \/>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1121<\/td>\n<td>Allan Gray<\/td>\n<td>$1.6bn<\/td>\n<td>$1.6bn<\/td>\n<td><strong>Money management<br \/>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1275<\/td>\n<td>Koos Bekker<\/td>\n<td>$1.4bn<\/td>\n<td>$2.3bn<\/td>\n<td><strong>Media, investments<br \/>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1577<\/td>\n<td>Patrice Motsepe<\/td>\n<td>$1.1bn<\/td>\n<td>$2.2bn<\/td>\n<td><strong>Mining<\/strong><\/td>\n<\/tr>\n<tr>\n<td>1365<\/td>\n<td>Stephen Saad<\/td>\n<td>$1.5bn<\/td>\n<td>\u2013<\/td>\n<td><strong>Pharmaceuticals<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p>Microsoft founder and philanthropist Bill Gates\u00a0holds the position as the world&#8217;s richest man, with an estimated net worth at $78.4 billion, followed by Ortega at $78 billion.<\/p>\n<h3 class=\"my-4\">Here are the world\u2019s 10 richest people<\/h3>\n<div class=\"bt_table\">\n<div class=\"table-responsive\"><table class=\"table\" width=\"100%\" cellspacing=\"0\" cellpadding=\"6\">\n<tbody>\n<tr>\n<th bgcolor=\"#CCCCCC\" width=\"10%\">#<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"50%\">Person<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"20%\">Source of wealth<\/th>\n<th bgcolor=\"#CCCCCC\" width=\"20%\">Net worth (US$)<\/th>\n<\/tr>\n<tr>\n<td>1<\/td>\n<td>Bill Gates<\/td>\n<td>Microsoft<\/td>\n<td>$78.4bn<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>Amancio Ortega<\/td>\n<td>Zara<\/td>\n<td>$78.0bn<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>Jeff Bezos<\/td>\n<td>Amazon.com<\/td>\n<td>$67.6bn<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>Warren Buffett<\/td>\n<td>Berkshire Hathaway<\/td>\n<td>$67.3bn<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>Mark Zuckerberg<\/td>\n<td>Facebook<\/td>\n<td>$56.0bn<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>Larry Ellison<\/td>\n<td>Oracle<\/td>\n<td>$51.2bn<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>Michael Bloomberg<\/td>\n<td>Bloomberg<\/td>\n<td>$51.2bn<\/td>\n<\/tr>\n<tr>\n<td>8<\/td>\n<td>Carlos Slim Helu<\/td>\n<td>American Movil<\/td>\n<td>$51.1bn<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>Charles Koch<\/td>\n<td>Diversified<\/td>\n<td>$43.0bn<\/td>\n<\/tr>\n<tr>\n<td>9<\/td>\n<td>David Koch<\/td>\n<td>Diversified<\/td>\n<td>$43.0bn<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n<p><em>Forbes&#8217; list is based on real time trading data.<\/em><\/p>\n<h3 class=\"my-4\">More on wealth<\/h3>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/132369\/the-7-richest-people-in-south-africa-right-now\/\" target=\"_blank\"><strong>The 7 richest people in South Africa right now<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/130980\/these-are-the-richest-men-in-the-world-in-2016\/\" target=\"_blank\"><strong>These are the richest men in the world in 2016<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/wealth\/123549\/how-long-it-would-take-to-become-the-richest-person-in-south-africa\/\" target=\"_blank\"><strong>How long it would take to become the richest person in South Africa<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/businesstech.co.za\/news\/banking\/128590\/south-africas-top-businessmen-claw-back-brexit-losses\/\" target=\"_blank\"><strong>South Africa\u2019s top businessmen claw back Brexit losses<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes reported this week that Amancio Ortega, the Spanish retail mogul who created fashion store Zara, briefly unseated Microsoft co-founder Bill Gates as the world&#8217;s richest man.<\/p>\n","protected":false},"author":10,"featured_media":121023,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[1896,26],"class_list":["post-136171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-forbes","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=136171"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136171\/revisions"}],"predecessor-version":[{"id":136183,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136171\/revisions\/136183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/121023"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=136171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=136171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=136171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}