{"id":82667,"date":"2015-03-17T00:05:11","date_gmt":"2015-03-16T22:05:11","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=82667"},"modified":"2015-03-16T23:32:06","modified_gmt":"2015-03-16T21:32:06","slug":"how-south-africas-ultra-rich-make-their-money","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/82667\/how-south-africas-ultra-rich-make-their-money\/","title":{"rendered":"How South Africa’s ultra-rich make their money"},"content":{"rendered":"

A report published by New World Wealth reveals the industry from which South African multi-millionaires have acquired their wealth.<\/p>\n

According to NWW, South Africa is home to 2,060 multi-millionaires \u2013 high net worth individuals (HNWIs) worth US$10 million or more.<\/p>\n

Unsurprisingly, the financial services industry is the primary source of wealth for 20% of local multi-millionaires.<\/p>\n

Other important industries for them include real estate and construction (16%), basic materials, which includes the mining and refining of metals, chemical producers and forestry products, and diversified.<\/p>\n

NWW defines wealth as the net value of assets, which includes financial holdings, business interests and tangible assets. The group excludes primary residences from it’s valuation.<\/p>\n

\"Multimillioniares<\/a>

Multimillioniares by industry<\/p><\/div>\n

Forbes recently listed seven South African billionaires in its 2015 ranking of the world’s super wealthy individuals.<\/p>\n

While the country has no individuals from the financial services and construction sector with billionaire status, the source of super-wealth comes from a diverse pool.<\/p>\n

South Africa’s richest man, Johann Rupert, made his fortune in retail – though more specifically, luxury goods. He is joined by Shoprite chairman and investor, Christo Wiese in the sector.<\/p>\n

Diamond Magnate, Nicky Oppenheimer, Patric Motsepe of Africa Rainbow Minerals, as well as mining group Assore\u2019s MD, Desmond Sacco (who edged out of billionaire status in 2015) all found wealth in basic minerals.<\/p>\n

Incoming Naspers chairman and former CEO, Koos Bekker drew fortune from Media, with Stephen Saad’s wealth tied to pharma-care, and Allan Gray tied to his investments.<\/p>\n

Richest people in South Africa<\/h3>\n
\n\n\n\n\n\n\n\n\n\n
#<\/strong><\/td>\nName<\/strong><\/td>\nNet Worth 2015<\/strong><\/td>\nIndustry<\/strong><\/td>\n<\/tr>\n
1<\/td>\nJohann Rupert<\/td>\nR91.9\u00a0billion<\/td>\nLuxury Goods<\/td>\n<\/tr>\n
2<\/td>\nNicky Oppenheimer<\/td>\nR83.2 billion<\/td>\nBasic Minerals<\/td>\n<\/tr>\n
3<\/td>\nChristo Wiese<\/td>\nR78.3\u00a0billion<\/td>\nRetail<\/td>\n<\/tr>\n
4<\/td>\nKoos Bekker<\/td>\nR28.6 billion<\/td>\nMedia<\/td>\n<\/tr>\n
5<\/td>\nPatrice Motsepe<\/td>\nR27.3 billion<\/td>\nBasic Minerals<\/td>\n<\/tr>\n
6<\/td>\nStephen Saad<\/td>\nR26.1\u00a0billion<\/td>\nHealthcare<\/td>\n<\/tr>\n
7<\/td>\nAllan Gray<\/td>\nR19.9 billion<\/td>\nInvesting<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

More on New World Wealth<\/h3>\n

The best age to be rich and successful in SA<\/strong><\/a><\/p>\n

How many billionaires South Africa has<\/strong><\/a><\/p>\n

Where South Africa\u2019s richest people live<\/strong><\/a><\/p>\n

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

New data shows which industries in South Africa have made the most multi-millionaires.<\/p>\n","protected":false},"author":10,"featured_media":74328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,6440],"class_list":["post-82667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline","tag-new-world-wealth"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/82667","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=82667"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/82667\/revisions"}],"predecessor-version":[{"id":82687,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/82667\/revisions\/82687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/74328"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=82667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=82667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=82667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}