{"id":292968,"date":"2019-01-10T18:00:29","date_gmt":"2019-01-10T16:00:29","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=292968"},"modified":"2019-01-10T16:56:08","modified_gmt":"2019-01-10T14:56:08","slug":"3-south-africans-lost-their-dollar-billionaire-status-last-year","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/292968\/3-south-africans-lost-their-dollar-billionaire-status-last-year\/","title":{"rendered":"3 South Africans lost their dollar billionaire status last year"},"content":{"rendered":"

Forbes has published its latest ranking<\/a><\/strong> of the richest people on the African continent – counting 5 South Africans among their ranks.<\/p>\n

The number of Africa based billionaires shrank between 2018 and 2019, with the rank counting 20 super wealthy individuals in 2019 compared to 23 in the year prior.<\/p>\n

Four people fell off the list -including three South Africans – with one person rejoining the ranks after a four-year absence, Forbes said.<\/p>\n

Collectively, South African billionaires lost a lot of money, with a collective net worth of $68.7 billion – down from\u00a0$75.4 billion in 2018.<\/p>\n

For the eighth year in a row, Nigerian industrial tycoon Aliko Dangote ranked as the richest man in Africa with an estimated net worth of $10.2 billion. However, his well has declined by around $2 billion since the last ranking.<\/p>\n

The continent’s second wealthiest individual is owner of Nigeria’s biggest mobile network, Globacom, Mike Adenuga, who has an estimated net worth of $9.2 billion.<\/p>\n

While Nigerians top the list, South Africa and Egypt had the strongest showing with five billionaires ranked from each country.<\/p>\n

South Africa lost three dollar billionaires in an economically flat 2018, with Aspen Pharmacare founder\u00a0Stephen Saad<\/strong>, Assor Group’s\u00a0Desmond Sacco<\/strong>, and Shoprite and Steinhoff investor Christoffel Wiese<\/strong> falling off the list.<\/p>\n

The fourth dropoff was Onsi Sawiris of Egypt, who owns a stake in Netherlands-based fertilizer and chemical producer OCI N.V, Forbes said, with all four falling off due to a decline in the stock price of their main asset.<\/p>\n

The five South African billionaires featured on the list are Nicky Oppenheimer – South Africa’s richest man with $7.3 billion – followed by Johann Rupert ($5.3 billion), Koos Bekker ($2.3 billion), Patrice Motsepe ($2.3 billion) and 2018’s new entrant, Michiel le Roux ($1.1 billion).<\/p>\n

Collectively, South Africa’s five richest people are worth $18.3 billion – roughly R254 billion at current rates.<\/p>\n

However, this is down from the $21.3 billion (R282 billion) the same five were worth in 2018’s ranking, having collectively lost $3 billion (R28 billion) over the course of a year.<\/p>\n

The table below outlines how their wealth has changed since the last Forbes Africa ranking.<\/p>\n

\n
\n\n\n\n\n\n\n\n
Africa<\/th>\nName<\/th>\n2019 Net worth (dollars)<\/th>\n2018 Net worth (dollars)<\/th>\nChange<\/th>\n<\/tr>\n
3<\/td>\nNicky Oppenheimer<\/td>\n$7.3 billion<\/td>\n$7.7 billion<\/td>\n-5.2%<\/span><\/strong><\/td>\n<\/tr>\n
5<\/td>\nJohann Rupert<\/td>\n$5.3 billion<\/td>\n$7.2 billion<\/td>\n-26.4%<\/span><\/strong><\/td>\n<\/tr>\n
8=<\/td>\nKoos Bekker<\/td>\n$2.3 billion<\/td>\n$2.8 billion<\/td>\n-17.9%<\/span><\/strong><\/td>\n<\/tr>\n
8=<\/td>\nPatrice Motsepe<\/td>\n$2.3 billion<\/td>\n$2.4 billion<\/td>\n-4.2%<\/span><\/strong><\/td>\n<\/tr>\n
19=<\/td>\nMichiel Le Roux<\/td>\n$1.1 billion<\/td>\n$1.2 billion<\/td>\n-8.3%<\/span><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0The 4 richest people in South Africa at the start of 2019 \u2013 and how much money they lost last year<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Forbes has published its latest ranking of the richest people on the African continent – counting 5 South Africans among their ranks.<\/p>\n","protected":false},"author":10,"featured_media":180045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[1896,26],"class_list":["post-292968","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\/292968","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=292968"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292968\/revisions"}],"predecessor-version":[{"id":292996,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/292968\/revisions\/292996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/180045"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=292968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=292968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=292968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}