Richest Person in South Africa 2023 – Meet the Top 10 Richest

Richest Person in South Africa 2023

Only billionaires from seven out of the 54 African countries have made it onto the list, with Nigerian industrialist Aliko Dangote maintaining his position as the richest person in Africa for the 12th consecutive year, with a net worth of $13.5 billion, despite a decrease of $400 million. South African luxury goods magnate Johann Rupert retained his second position for the second year in a row, although his wealth declined by $300 million to $10.7 billion. Notably, South African businessman Christo Wiese, who was embroiled in an accounting scandal in 2018 and dropped out of the billionaire list, has made a successful comeback after suing retailer Steinhoff.

The decline in Africa’s billionaires’ wealth is a reflection of the broader economic trends across the globe, with the COVID-19 pandemic and geopolitical tensions impacting financial markets and investments. Nonetheless, the number of billionaires in Africa remains relatively small, highlighting the ongoing challenges of wealth creation and economic development on the continent.

Top 10 Richest People in South Africa

Here is the list of top 10 richest people in South Africa in 2023:

S.No.	Name of the Person	Net worth
1	Johann Rupert	$9.11 billion
2	Nicholas F. Oppenheimer	$8.7 billion
3	Christoffel Wiese	$5.4 billion
4	Patrice Tlhopane Motsepe	$3.6 billion
5	Koos Bekker	$2.3 billion
6	Michiel Le Rou	$2 billion
7	Stephen Saad	$1.4 billion
8	Allan Grey	$1.5 billion
9	Ivan and Lynette Saltzman	$1 billion
10	Jannie Mouton	$1 billion

1. Johann Rupert

Johann Rupert is a South African businessman and one of the wealthiest people in the country. He is the Chairman of luxury goods conglomerate Richemont, which owns brands such as Cartier, Montblanc, and Chloé. He is also the Chairman of Remgro, a South African investment holding company, and Vice-Chairman of Reinet Investments, a Luxembourg-based investment company.

Born in Stellenbosch, South Africa in 1950, Rupert attended the University of Stellenbosch before working briefly in New York City. He then returned to South Africa to join his family’s business, Rembrandt Group, which was founded by his father Anton Rupert. He eventually took over as Chairman of the company in 1988 and oversaw its expansion into luxury goods through the acquisition of brands such as Cartier and Montblanc.

Rupert has been recognized for his business acumen and contributions to South Africa’s economy. He has also been involved in philanthropic efforts through his Rupert Art Foundation, which supports the development of South African art and artists.

2. Nicholas F. Oppenheimer

Nicholas F. Oppenheimer is a South African businessman and philanthropist who was once one of the wealthiest people in the country. He is the former Chairman of De Beers, a diamond mining and trading company that was founded by his family. He is also the former Chairman of Anglo American, a multinational mining company.

Born in Johannesburg, South Africa in 1945, Oppenheimer studied at the University of Oxford before joining De Beers in 1968. He eventually took over as Chairman of the company in 1998 and oversaw its expansion into new markets such as Canada and Russia.

Oppenheimer has been recognized for his business achievements and contributions to South Africa’s economy. He has also been involved in philanthropic efforts through his family’s charity, the Brenthurst Foundation, which focuses on promoting economic development and stability in Africa. In 2012, Oppenheimer announced that he was selling his family’s stake in De Beers to Anglo American, effectively ending the family’s 85-year involvement in the diamond industry. Despite this, Oppenheimer remains a prominent figure in South African business and philanthropy.

3. Christoffel Wiese

Christoffel Wiese is a South African businessman and former billionaire who was once one of the wealthiest people in the country. He is the former Chairman and largest shareholder of Shoprite Holdings, a South African retail chain.

Born in Upington, South Africa in 1941, Wiese began his career as a lawyer before transitioning to business. He became involved with Shoprite in the 1970s and eventually took over as Chairman of the company in 1990. Under his leadership, the company expanded rapidly and became one of the largest retail chains in Africa.

Wiese has been recognized for his contributions to South Africa’s economy and was awarded the South African Business Lifetime Achievement Award in 2009. However, his fortune was significantly impacted by an accounting scandal involving his investment in Steinhoff International, a multinational retail holding company. Wiese’s net worth dropped dramatically as a result of the scandal, and he was forced to sell off his assets and step down from his positions at both Shoprite and Steinhoff.

Despite this setback, Wiese remains a prominent figure in South African business and continues to be involved in philanthropic efforts through his family’s charity, the Wiese Foundation.

4. Patrice Tlhopane Motsepe

Patrice Tlhopane Motsepe is a South African businessman and philanthropist who is known for being the founder and Chairman of African Rainbow Minerals (ARM), a mining company that operates in South Africa and other African countries. Born in Soweto, South Africa in 1962, Motsepe studied law at the University of the Witwatersrand before entering the business world. He founded ARM in 1997 and grew the company into one of the largest mining companies in South Africa, with interests in gold, platinum, and other minerals.

Motsepe has been recognized for his business achievements and contributions to South Africa’s economy. He has also been involved in philanthropic efforts through his family’s charity, the Motsepe Foundation, which focuses on promoting education, health, and economic development in South Africa and other African countries. In 2021, Motsepe was elected as the President of the Confederation of African Football (CAF), the governing body of football in Africa. He is the first South African to hold the position in the organization’s history.

5. Koos Bekker

Koos Bekker is a South African businessman and philanthropist who is best known for his role as the former CEO and Chairman of Naspers, a multinational media company based in South Africa.

Born in Potchefstroom, South Africa in 1952, Bekker studied law and literature at the University of Stellenbosch before entering the business world. He joined Naspers in 1997 and led the company through a period of significant growth, expanding its media holdings and investing heavily in internet companies.

Under Bekker’s leadership, Naspers became one of the largest media companies in the world, with investments in companies such as Tencent, the Chinese technology giant. Bekker stepped down as CEO of Naspers in 2014 but remained Chairman of the company until 2021.

Bekker has been recognized for his contributions to the South African and global business communities, and he has also been involved in philanthropic efforts through his family’s charity, the Bekker Family Foundation. He has also been involved in conservation efforts, serving as a board member of the World Wildlife Fund South Africa.

6. Michiel Le Roux

Michiel Le Roux is a South African businessman who is best known for co-founding Capitec Bank, one of the fastest-growing and most innovative banks in South Africa.

Born in 1949 in Cape Town, South Africa, Le Roux studied mathematics and physics at the University of Stellenbosch before working as a teacher and a programmer. In the 1980s, he co-founded a software company called Peritus, which he later sold to Dimension Data, a South African IT services company.

In 2001, Le Roux co-founded Capitec Bank, which aimed to provide affordable and accessible banking services to underserved communities in South Africa. The bank grew rapidly, offering simplified and low-cost banking services to millions of customers. In 2017, Forbes listed Le Roux as one of the richest people in South Africa, with an estimated net worth of over $500 million.

Le Roux is also involved in philanthropic efforts, particularly in the areas of education and healthcare. He has donated millions of dollars to support educational initiatives and medical research in South Africa.

7. Stephen Saad

Stephen Saad is a South African businessman who is best known for founding and leading Aspen Pharmacare, a pharmaceutical company based in South Africa.

Born in Durban, South Africa in 1964, Saad studied pharmacy at the University of Natal before entering the pharmaceutical industry. He founded Aspen Pharmacare in 1997 and grew the company into one of the largest pharmaceutical manufacturers in the southern hemisphere, with operations in Africa, Europe, and other regions.

Under Saad’s leadership, Aspen Pharmacare has expanded its product offerings and made strategic acquisitions, including buying the South African subsidiary of GlaxoSmithKline in 2009. The company is also involved in the production of COVID-19 vaccines and has partnered with other companies to distribute the vaccines in Africa.

Saad has been recognized for his business achievements and contributions to the South African economy. In 2013, he was named South Africa’s Entrepreneur of the Year, and he has also been recognized by Forbes as one of Africa’s richest people.

8. Allan Grey

Allan Gray is one of the largest privately owned investment management companies in South Africa, with a reputation for delivering long-term investment results for its clients. Founded in 1973 by Allan W.B. Gray, the company has grown to manage over R1.2 trillion in assets under management as of 2021.

Allan Gray’s investment philosophy is centered on value investing and bottom-up research, with a focus on identifying quality companies that are undervalued by the market. The company manages investments across various asset classes, including equities, fixed income, and multi-asset portfolios.

In addition to managing investments for individuals, Allan Gray also provides investment solutions for institutions, including retirement funds, endowments, and foundations. The company is known for its active management approach, with a team of experienced investment professionals conducting rigorous analysis to make informed investment decisions.

9. Ivan and Lynette Saltzman

Ivan and Lynette Saltzman are philanthropists from Minneapolis, Minnesota, United States. They are known for their generous contributions to various charitable causes, especially in the fields of arts and education.

The Saltzmans have donated millions of dollars to support cultural and educational institutions in Minnesota and beyond. Some of the beneficiaries of their philanthropy include the Minneapolis Institute of Art, the Walker Art Center, the University of Minnesota, and the Jewish Federation of Greater Minneapolis.

The Saltzmans are also active in promoting social justice and human rights causes. They have supported organizations working to advance LGBTQ rights, combat anti-Semitism, and provide services for people with disabilities.

In recognition of their philanthropic contributions, the Saltzmans have received numerous honors and awards, including the Outstanding Philanthropist Award from the Minnesota Chapter of the Association of Fundraising Professionals.

10. Jannie Mouton

Jannie Mouton is a prominent South African businessman and founder of the PSG Group, a diversified investment holding company. He was born on June 12, 1946, in Montagu, Western Cape, South Africa.

After graduating from Stellenbosch University with a degree in accounting, Mouton worked as an accountant for several years before founding PSG in 1995. PSG started as a small investment company and has since grown into a large conglomerate with interests in financial services, education, and agriculture, among others.

Mouton is known for his shrewd business acumen and entrepreneurial spirit. Under his leadership, PSG has achieved significant success and is now one of the largest investment holding companies in South Africa. He has received numerous accolades for his contributions to the business world, including being named the Ernst & Young World Entrepreneur of the Year in 2013.

Mouton is also known for his philanthropic work. He has donated large sums of money to various charitable causes, including education and healthcare initiatives in South Africa.

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Richest Person in South Africa 

Johann Rupert is a South African businessman and the chairman of luxury goods company Richemont, which owns brands such as Cartier, Montblanc, and Dunhill. He was born on June 1, 1950, in Stellenbosch, South Africa, and is the son of South African business magnate Anton Rupert. Johann Rupert studied economics and company law at the University of Stellenbosch and later obtained an MBA from the European Institute of Business Administration (INSEAD) in France.

In addition to his role at Richemont, Johann Rupert is also the chairman of Swiss luxury group Compagnie Financière Richemont SA and serves on the board of several other companies, including Remgro Limited and Reinet Investments SCA. He has been recognized for his contributions to the business world and was awarded an honorary doctorate in Economics from Stellenbosch University in 2004.

Johann Rupert is known for his philanthropic work, particularly in the areas of education and conservation. He founded the non-profit organization The South African Children’s Trust in 2007, which provides education and support to disadvantaged children in South Africa. He is also a founding member of the Peace Parks Foundation, which aims to conserve biodiversity and promote sustainable development in southern Africa.

Top 10 Richest Man in South Africa 2022

Here is the list of top 10 richest men in South Africa 2022:

S.No.	Name of the Person	Net Worth
1	Nicky Oppenheimer	$8 billion
2	Johann Rupert	$7. 1 billion
3	Patrice Motsepe	$2.9 billion
4	Koos Bekker	$2.9 billion
5	Michiel Le Roux	$1.9 billion
6	Stephen Saad	$1.7 billion
7	Allan WB Gray	$1.5 billion
8	Christoffel Wiesse	$1.3 billion
9	Jannie Mouton	$1.2 billion
10	Lauritz Dippennaar	$850 million

Richest Man in South Africa 2022

Nicky Oppenheimer is a South African businessman and philanthropist. He was born on June 8, 1945, in Johannesburg, South Africa, and is the son of former De Beers chairman Harry Oppenheimer. Nicky Oppenheimer studied at the University of Oxford and later obtained an MBA from the Harvard Business School.

Nicky Oppenheimer was the chairman of De Beers, the world’s largest diamond producer, from 1998 to 2012. He also served as a director of Anglo American, a multinational mining company. In 2012, Nicky Oppenheimer sold his family’s 40% stake in De Beers to Anglo American for $5.1 billion, making him one of the wealthiest people in Africa.

In addition to his business career, Nicky Oppenheimer is also involved in philanthropy. He founded the Brenthurst Foundation in 2005, which focuses on African economic development and good governance. He is also a board member of the Nelson Mandela Legacy Trust and the Mandela Rhodes Foundation, which provides scholarships to African students.

Nicky Oppenheimer has received numerous honors for his contributions to business and philanthropy. He was awarded the South African National Order of the Baobab in 2004 and was made an Honorary Knight Commander of the Order of the British Empire in 2014.

The Impact of South Africa’s Billionaires on the Country’s Economy and Society

South Africa’s billionaires have a significant impact on the country’s economy and society. They are major employers, investors, and philanthropists, contributing to the growth of various industries and supporting social causes. Billionaires like Aliko Dangote, Johann Rupert, and Nicky Oppenheimer have built successful businesses that provide employment opportunities to thousands of people in South Africa. They have also invested in various sectors, including mining, technology, and luxury goods, boosting economic growth and creating new opportunities.

Moreover, these billionaires are involved in various philanthropic endeavors, supporting education, healthcare, and social welfare programs. They have founded and supported charitable organizations that provide access to education and healthcare to disadvantaged communities. The impact of South Africa’s billionaires extends beyond their businesses and philanthropic efforts. They are also influential figures in the country’s social and political landscape, with the ability to shape public opinion and influence policy decisions.

Overall, the wealth and influence of South Africa’s billionaires have contributed to the country’s development and growth, although the concentration of wealth among a small number of individuals also highlights the need for greater economic equality and opportunities for all South Africans.

The Evolution of the Richest Person in South Africa Over the Years 

The richest person in South Africa has evolved over the years, with different individuals holding the top spot at different times. In the early years of post-apartheid South Africa, the Oppenheimer family, led by Harry Oppenheimer, was one of the wealthiest and most influential families in the country, with interests in mining, banking, and other industries. However, in recent years, the mantle of the richest person in South Africa has been held by individuals like Aliko Dangote, Johann Rupert, Nicky Oppenheimer, and Elon Musk. These individuals have built successful businesses in various sectors, including mining, luxury goods, and technology, and have become major players in the global business landscape.

Their wealth and influence have enabled them to make significant contributions to South Africa’s economy and society, through philanthropic endeavors and investments in various sectors. However, their concentration of wealth also highlights the need for greater economic equality and opportunities for all South Africans.

The Role of Entrepreneurship, Innovation, and Investment in Building Wealth in South Africa

Entrepreneurship, innovation, and investment have played a significant role in building wealth in South Africa. Many of the country’s wealthiest individuals have built successful businesses in various sectors, including mining, technology, and luxury goods, through entrepreneurship and innovation. These businesses have not only created jobs and opportunities for South Africans but have also contributed to economic growth and development in the country. Successful entrepreneurs and innovators have also attracted investment and funding, both locally and internationally, enabling them to expand their businesses and make an even greater impact.

Moreover, entrepreneurship and innovation have led to the development of new technologies, products, and services, which have helped to address some of the country’s most pressing challenges, such as access to healthcare, education, and infrastructure. In addition, investment in South Africa’s businesses and industries has been crucial to their growth and success. Both local and foreign investment has enabled businesses to expand and create new opportunities, contributing to economic growth and development.

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