The 20 richest people in South Africa got richer in the past year, but only by eight percent, the Sunday Times reported.<\/p>\n
Steel and mining share prices were dragged down by a sluggish global economy.<\/p>\n
Patrice Motsepe<\/a>, worth R20.07 billion, topped the newspaper’s Rich List for the second year running, but his fortune shrank 13 percent.<\/p>\n Third-ranked Lakshni Mittal<\/a>‘s stake in steel giant ArcelorMittal<\/a> was 38 percent lower than last year, at R13bn.<\/p>\n Mining heir Nicky Oppenheimer<\/a>, in fourth place, has a 2.3 percent stake in Anglo American<\/a> worth R9bn, a 19 percent loss compared to the previous year.<\/p>\n Despite their hammering, these three still accounted for over a third of the combined wealth of the top 20.<\/p>\n Retail mogul Christo Wiese<\/a> placed second on the list with R15.226bn.<\/p>\n Each person on the top 20 was worth more than R2bn, with the top 30 worth more than R1bn, based on disclosed investments in listed companies.<\/p>\n Sixteen of the top 20 were entrepreneurs.<\/p>\n Related articles<\/strong><\/p>\n 10 richest people in the gaming industry<\/a><\/strong><\/p>\n South Africa’s richest people<\/strong><\/a><\/p>\n Zuckerberg not rich enough<\/strong><\/a><\/p>\n Cool gifts for billionaire dads<\/strong><\/a><\/p>\n Forbes lists Africa\u2019s power players<\/strong><\/a><\/p>\n