{"id":218759,"date":"2018-01-10T18:00:59","date_gmt":"2018-01-10T16:00:59","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=218759"},"modified":"2018-01-10T17:02:20","modified_gmt":"2018-01-10T15:02:20","slug":"this-is-south-africas-newest-billionaire","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/218759\/this-is-south-africas-newest-billionaire\/","title":{"rendered":"This is South Africa’s newest dollar billionaire"},"content":{"rendered":"

Africa’s dollar billionaires are collectively wealthier than they were a year ago.<\/p>\n

This is according to Forbes<\/a><\/strong>‘ latest Africa Rich list, which found that the 23 dollar billionaires across Africa – up from 21 billionaires last year – are worth a combined $75.4 billion, compared to $70 billion in January 2017.<\/p>\n

The richest African, for the seventh year in a row, is Nigerian cement and commodities tycoon Aliko Dangote, with a net worth that\u00a0Forbes\u00a0pegs at $12.2 billion, up $100 million from a year ago.<\/p>\n

South Africa’s\u00a0Nicky Oppenheimer is second with a net worth of $7.7 billion, up $700 million from last year, while Richemont’s Johann Rupert rounded off the top three with a net worth of $7.2 billion.<\/p>\n

Including Rupert and Oppenheimer, eight South Africans feature on the list, making it the African country with the most billionaires.<\/p>\n

Included in this year’s rankings is newcomer Michiel Le Roux, the founder and former chairman of Johannesburg-listed Capitec Bank Holdings<\/strong>, whose stock has climbed more than 50% in the past year, making Le Roux a new billionaire worth $1.2 billion.<\/p>\n

\"\"<\/a><\/p>\n

South African mining tycoon Desmond Sacco, chairman of listed Assore Group, also returned to the list following a stock price surge of some 60% in the past 12 months. Sacco last appeared as a billionaire on the Africa\u2019s Richest list in 2012 with a $1.4 billion fortune.<\/p>\n

Steinhoff and Shoprite’s Christo Wiese retained a spot on the list after the company’s share price rebounded in January. Forbes said that Wiese\u00a0wouldn’t have made the cut a month ago as\u00a0the retailer’s share plunged after the company divulged accounting irregularities in December.<\/p>\n

In early January the company said it would restate its financial results as far back as 2015 and the share price rebounded enough to put Wiese back in billionaire territory with a net worth of $1.1 billion – down from\u00a0$5.5 billion a year ago.<\/p>\n

These are the richest South Africans according to Forbes’ African Rich List for 2018.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n
African Rank<\/th>\nName<\/th>\nNet worth (dollars)<\/th>\nWealth source<\/th>\n<\/tr>\n
2<\/td>\nNicky Oppenheimer<\/td>\n$7.7 billion<\/td>\nDiamonds<\/td>\n<\/tr>\n
3<\/td>\nJohann Rupert<\/td>\n$7.2 billion<\/td>\nLuxury Goods<\/td>\n<\/tr>\n
8<\/td>\nKoos Bekker<\/td>\n$2.8 billion<\/td>\nMedia, Investments<\/td>\n<\/tr>\n
11<\/td>\nPatrice Motsepe<\/td>\n$2.4 billion<\/td>\nMining<\/td>\n<\/tr>\n
19=<\/strong><\/td>\nMichiel Le Roux<\/strong><\/td>\n\u00a0$1.2 billion<\/strong><\/td>\nBanking<\/strong><\/td>\n<\/tr>\n
19=<\/td>\nStephen Saad<\/td>\n$1.2 billion<\/td>\nPharmaceuticals<\/td>\n<\/tr>\n
21=<\/td>\nDesmond Sacco<\/td>\n$1.1 billion<\/td>\nMining<\/td>\n<\/tr>\n
21=<\/td>\nChristoffel Wiese<\/td>\n$1.1 billion<\/td>\nRetail<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0How to work out what rental you can afford<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa’s dollar billionaire list has seen a big shake-up over the last year.<\/p>\n","protected":false},"author":10,"featured_media":114836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[1896,26],"class_list":["post-218759","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\/218759","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=218759"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/218759\/revisions"}],"predecessor-version":[{"id":218765,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/218759\/revisions\/218765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/114836"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=218759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=218759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=218759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}