{"id":68734,"date":"2014-09-18T00:05:02","date_gmt":"2014-09-17T22:05:02","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=68734"},"modified":"2014-09-18T09:48:06","modified_gmt":"2014-09-18T07:48:06","slug":"new-dollar-billionaires-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/68734\/new-dollar-billionaires-in-south-africa\/","title":{"rendered":"New dollar billionaires in South Africa"},"content":{"rendered":"

There are 2,325 dollar billionaires in the world, according to the Billionaire Census compiled by Wealth-X – and 10 of them are from South Africa.<\/p>\n

At last count on Forbes in March, SA had eight dollar billionaires.<\/p>\n

Potential new candidates to the South African billionaires club could include the likes of vice president, Cyril Ramaphonsa<\/span>, with Forbes listing his wealth at $700,000 as of Novemeber 2013.
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Raymond Ackerman, who founded the Pick n Pay Group is listed with a net worth of <\/span>$500 million at the end of 2013, while Gerrit Thomas Ferreira, co-founder of RMB is listed as having $475 million
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PSG founder, Jannie Mouton, known as the “Boere Buffett”, is also worth <\/span>$475 million, while Adrian Gore, founder of Discovery is worth $460 million, Forbes said.
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The Wealth-X billionaire census report assesses all asset holdings – including privately and publicly held businesses and investible assets – of the world’s wealthiest people.<\/p>\n

In 2014, the dollar billionaire population increased by 7.1% from 2,170 individuals in 2013 to 2,325. These super wealthy people have a total net worth of $7.3 trillion – up 12% from $6.5 trillion in 2013.<\/p>\n

Europe accounts for the most billionaires, with 775 individuals residing in the region, followed by North America (609), Asia (560) and the Middle East (154).<\/p>\n

Africa, with 40 billionaires – down from 42 in 2013 – is only larger that the Pacific, which has only 34 billionaires as of 2014.<\/p>\n

Despite European billionaires exceeding North American billionaires by almost 170 individuals, the two regions are neck-on-neck in terms of wealth, with Europe’s rich individuals amassing a net worth of $2.375 trillion, versus the North America’s $2.371 trillion.<\/p>\n

\"World<\/a>

World billionaires<\/p><\/div>\n

The report lists New York, USA, as the most billionaire-rich city in the world, with 103 billionaires living in the city.<\/p>\n

This is followed by Moscow, Russia (85 billionaires), Hong Kong (82 billionaires), London, UK (72 billionaires), and Beijing, China (37 billionaires).<\/p>\n

African billionaires<\/h3>\n

According to Wealth-X, in the past year the African continent has lost 2 billionaires, although total billionaire wealth on the continent has increased.<\/p>\n

African billionaires are worth $114 billion, with Egypt and Nigeria hosting the most billionaires on the continent.<\/p>\n

“Africa epitomises the mixed signals shown by emerging markets this year. Development in the region, despite its wealth of resources, has long been hampered by various socio-economic and political problems,” Wealth-X said.<\/p>\n

“This year, the decrease in the number of billionaires in the region was primarily due to such ongoing socio-political difficulties in North Africa, but the continued growth of the billionaire population in Sub-Saharan Africa provides encouraging signs for the the region\u2019s long-term prospects.”<\/p>\n

\n\n\n\n\n\n\n\n
#<\/strong><\/td>\nCountry<\/strong><\/td>\nBillionaires<\/strong><\/td>\nTotal Net Worth
\n<\/strong><\/td>\n<\/tr>\n
1<\/td>\nEgypt<\/td>\n13<\/td>\n$37 billion<\/td>\n<\/tr>\n
2<\/td>\nNigeria<\/td>\n11<\/td>\n$36 billion<\/td>\n<\/tr>\n
3<\/td>\nSouth Africa<\/td>\n10<\/td>\n$28 billion<\/td>\n<\/tr>\n
4<\/td>\nMorocco<\/td>\n4<\/td>\n$8 billion<\/td>\n<\/tr>\n
<\/td>\nOthers<\/td>\n2<\/td>\n$5 billion<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

South Africa’s billionaires are worth $28 billion – or just under R306 billion.<\/p>\n

Johannesburg and Stellenbosch are the two most billionaire-dense cities in the country, being the home base for 4 billionaires each, the report said.<\/p>\n

In March, Forbes released its annual listing of the world\u2019s billionaires, which included eight South Africans.<\/p>\n

Richest people in South Africa<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n
Rank#<\/strong><\/td>\nName<\/strong><\/td>\nNet Worth
\n<\/strong><\/td>\n		ZAR<\/strong><\/td>\n<\/tr>\n
173<\/td>\nJohan Rupert & family<\/td>\n$7.6 billion<\/td>\nR82.35 billion<\/td>\n<\/tr>\n
205<\/td>\nNicky Oppenheimer & family<\/td>\n$6.7 billion<\/td>\nR72.60 billion<\/td>\n<\/tr>\n
506<\/td>\nChristo Wiese<\/td>\n$3.2 billion<\/td>\nR34.67 billion<\/td>\n<\/tr>\n
642<\/td>\nPatrice Motsepe<\/td>\n$2.7 billion<\/td>\nR29.26 billion<\/td>\n<\/tr>\n
1284<\/td>\nKoos Bekker<\/td>\n$1.3 billion<\/td>\nR14.09 billion<\/td>\n<\/tr>\n
1284<\/td>\nAllan Gray<\/td>\n$1.3 billion<\/td>\nR14.09 billion<\/td>\n<\/tr>\n
1284<\/td>\nStephen Saad<\/td>\n$1.3 billion<\/td>\nR14.09 billion<\/td>\n<\/tr>\n
1284<\/td>\nDesmond Sacco<\/td>\n$1.3 billion<\/td>\nR14.09 billion<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Billionaire facts<\/h3>\n