{"id":177101,"date":"2017-05-30T20:52:47","date_gmt":"2017-05-30T18:52:47","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=177101"},"modified":"2017-05-30T20:52:47","modified_gmt":"2017-05-30T18:52:47","slug":"south-africas-richest-man-has-already-made-a-staggering-amount-of-money-in-2017","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/177101\/south-africas-richest-man-has-already-made-a-staggering-amount-of-money-in-2017\/","title":{"rendered":"South Africa’s richest man has already made a staggering amount of money in 2017"},"content":{"rendered":"

South Africa’s richest man, Johann Rupert, has seen his fortune swell by more than 21% in 2017, thanks to the recovery in the share price of\u00a0the world’s largest jewelry maker, Financiere Richemont.<\/p>\n

Rupert controls the Switzerland-based company which holds brands including Van Cleef & Arpels, Piaget and Cartier, through a family trust.<\/p>\n

The company closed at CHK 80.50 on the Swiss exchange, having recorded a 52 week low of CHK 53.00 and a 52 week high of CHK 85.90.<\/p>\n

His other public holdings include Remgro, a Stellenbosch, South Africa-based investment vehicle with stakes in more than 30 companies.<\/p>\n

According to Bloomberg’s billionaire list,<\/a> as of May 30, 2017, Rupert is the world’s 184st richest person, and the richest in South Africa, boasting a fortune of $7.80 billion, up $1.37 billion (R18 billion) so far in 2017.<\/p>\n

Nicky Oppenheimer<\/strong> is listed as South Africa’s second richest man according to Bloomberg, with a fortune $6.63 billion – ranking him at 232 on he global list.<\/p>\n

Oppenheimer sold his family’s 40% stake in De Beers, the world’s biggest diamond producer, to mining company Anglo American in 2012 for $5.2 billion in cash.<\/p>\n

He holds less than 1% of the London-based bulk commodities company and maintains private equity investments in Africa, Asia, the US and Europe, Bloomberg noted.<\/p>\n

As of May 30, 2017, Oppenheimer has added $177 million to his fortune in 2017, up 2.7%.<\/p>\n

Christo Wiese is 235st on Bloomberg’s rich-list, and third richest in SA. He has seen his wealth grow 11.2% so far in 2017, or by $665 million, to $6.59 billion.<\/p>\n

Wiese is the largest shareholder of Steinhoff International Holding, a group of companies that distributes household goods. The Sandton based company operates in Europe and Africa, and bought Wiese’s closely held retailer Pepkor for $5.7 billion in 2015.<\/p>\n

He also has stakes in eight other publicly traded companies, Bloomberg said.<\/p>\n

Self-made South African born, but London based Natie Kirsh<\/strong> is 244th on Bloomberg’s list with fortune of $6.34 billion, up $597 million (10.4%) in 2017 already.<\/p>\n

Kirsh controls London-based Kirsh Group, a closely held conglomerate with a 75% stake in commercial food supply business Jetro Holdings.<\/p>\n

New York-based Jetro had revenue of more than $9 billion in 2014 from more than 100 Jetro Cash & Carry and Restaurant Depot stores.<\/p>\n

He also has private equity investments and property on four continents, according to Bloomberg.<\/p>\n

As an indication of how Rupert’s fortunes have swung in 2017, Forbes published its annual African rich-list, listing\u00a0the 21 richest people living in Africa \u2013 while also naming South Africa\u2019s richest people at the start of 2017.<\/p>\n

Rupert and Wiese have both held the position as South Africa\u2019s richest man over the past 2 years.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/strong><\/th>\nCountry<\/strong><\/th>\nName<\/strong><\/th>\nNet Worth<\/strong><\/th>\nOrigin of Wealth<\/strong><\/th>\n<\/tr>\n
1<\/td>\nNigeria<\/td>\nAliko Dangote<\/td>\n$12.1 billion<\/td>\nCement, sugar, flour<\/td>\n<\/tr>\n
2<\/strong><\/td>\nSouth Africa<\/strong><\/td>\nNicky Oppenheimer & family<\/strong><\/td>\n$7 billion<\/strong><\/td>\nDiamonds<\/strong><\/td>\n<\/tr>\n
3<\/td>\nNigeria<\/td>\nMike Adenuga<\/td>\n$5.8 billion<\/td>\nTelecom, oil<\/td>\n<\/tr>\n
4<\/strong><\/td>\nSouth Africa<\/strong><\/td>\nJohann Rupert & family<\/strong><\/td>\n$5.5 billion<\/strong><\/td>\nLuxury goods<\/strong><\/td>\n<\/tr>\n
4<\/strong><\/td>\nSouth Africa<\/strong><\/td>\nChristoffel Wiese<\/strong><\/td>\n$5.5 billion<\/strong><\/td>\nRetail<\/strong><\/td>\n<\/tr>\n
6<\/td>\nEgypt<\/td>\nNassef Sawiris<\/td>\n$5.3 billion<\/td>\nConstruction, chemicals<\/td>\n<\/tr>\n
7<\/td>\nEgypt<\/td>\nNaguib Sawiris<\/td>\n$3.7 billion<\/td>\nTelecom<\/td>\n<\/tr>\n
8<\/td>\nAngola<\/td>\nIsabel dos Santos<\/td>\n$3.2 billlion<\/td>\nInvestments<\/td>\n<\/tr>\n
9<\/td>\nAlgeria<\/td>\nIssad Rebrab & family<\/td>\n$3.1 billion<\/td>\nFood<\/td>\n<\/tr>\n
10<\/td>\nEgypt<\/td>\nMohamed Mansour<\/td>\n$2.7 billion<\/td>\nDiversified<\/td>\n<\/tr>\n
11<\/strong><\/td>\nSouth Africa<\/strong><\/td>\nKoos Bekker<\/strong><\/td>\n$2 billion<\/strong><\/td>\nMedia, investments<\/strong><\/td>\n<\/tr>\n
12<\/td>\nMorocco<\/td>\nOthman Benjelloun<\/td>\n$1.9 billion<\/td>\nBanking, insurance<\/td>\n<\/tr>\n
13<\/td>\nEgypt<\/td>\nYasseen Mansour<\/td>\n$1.8 billion<\/td>\nDiversified<\/td>\n<\/tr>\n
14<\/td>\nNigeria<\/td>\nFolorunsho Alakija<\/td>\n$1.6 billion<\/td>\nOil<\/td>\n<\/tr>\n
14<\/strong><\/td>\nSouth Africa<\/strong><\/td>\nPatrice Motsepe<\/strong><\/td>\n$1.6 billion<\/strong><\/td>\nMining<\/strong><\/td>\n<\/tr>\n
16<\/td>\nMorocco<\/td>\nAziz Akhannouch & family<\/td>\n$1.4 billion<\/td>\nPetroleum, diversified<\/td>\n<\/tr>\n
16<\/td>\nTanzania<\/td>\nMohammed Dewji<\/td>\n$1.4 billion<\/td>\nDiversified<\/td>\n<\/tr>\n
18<\/td>\nEgypt<\/td>\nYoussef Mansour<\/td>\n$1.1 billion<\/td>\nDiversified<\/td>\n<\/tr>\n
18<\/td>\nEgypt<\/td>\nOnsi Sawiris<\/td>\n$1.1 billion<\/td>\nConstruction, telecom<\/td>\n<\/tr>\n
18<\/td>\nMorocco<\/td>\nAnas Sefrioui<\/td>\n$1.1 billion<\/td>\nReal estate<\/td>\n<\/tr>\n
18<\/strong><\/td>\nSouth Africa<\/strong><\/td>\nStephen Saad<\/strong><\/td>\n$1.1 billion<\/strong><\/td>\nPharmaceuticals<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read: South Africa\u2019s richest people in 2017<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa’s richest man, Johann Rupert, has seen his fortune swell by more than 21% in 2017, thanks to the recovery in the share price of the world’s largest jewelry maker, Financiere Richemont.<\/p>\n","protected":false},"author":10,"featured_media":21786,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-177101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177101","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=177101"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177101\/revisions"}],"predecessor-version":[{"id":177113,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/177101\/revisions\/177113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/21786"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=177101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=177101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=177101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}