SA’s Richest Going into 2020
January 21, 2020

Considering the instability of last year’s economic landscape, through-the-roof unemployment, the darkest hours of load shedding so far, decreased international and local confidence and the looming downgrade rating knocking on 2020’s door – the lucky ones sitting at the top of SA’s richest were relatively unharmed.

However, when it comes to comparing SA’s richest to the impressive, somewhat unsettling, global richest, we saw the small fish / big pond analogy play out in front of our eyes:

  • Bekker dropped 97 spots on the ranking
  • Followed closely by Motsepe who dropped 94 places
  • Rupert moved his thrown down by 3 spots
  • Oppenheimer, SA’s richest, put 51 other net worth’s between his last placing.

This is where South Africa’s billionaires’ fortunes sit on the global list going into 2020:

Source: Forbes Billionaires List: https://www.forbes.com/billionaires/list/;

If we’re claiming Elon Musk:

Elon Reeve Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. Source: https://www.biography.com/business-figure/elon-musk

  • March 2019 position: 40
  • March Net Worth: 22.3bn
  • December 2019 Position: 23
  • December Net Worth: 29.8bn
  • Change in Net Worth: +34%

Nicky Oppenheimer

Oppenheimer, heir to his family’s fortune, sold his 40% stake in diamond firm DeBeers to mining group Anglo American for $5.1 billion in cash in 2012. He was the third generation of his family to run DeBeers, and took the company private in 2001. Source : https://www.forbes.com/profile/nicky-oppenheimer/#1c1d8b463b93

  • March 2019 position: 200
  • March Net Worth: 7.3bn
  • December 2019 Position: 251
  • December Net Worth: 7.4bn
  • Change in Net Worth: +1.4%

Johann Rupert

Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. He owns a 7% stake in diversified investment firm Remgro, which he chairs, as well as 25% of Reinet, an investment holding co. based in Luxembourg. Source: https://www.forbes.com/profile/johann-rupert/#739e96c14922

  • March 2019 position: 317
  • March Net Worth: 5.5bn
  • December 2019 Position: 320
  • December Net Worth: 6.2bn
  • Change in Net Worth: +12.7%

Patrice Motsepe

Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. Source: https://www.forbes.com/profile/patrice-motsepe/

  • March 2019 position: 962
  • March Net Worth: 2.4bn
  • December 2019 Position: 1056
  • December Net Worth: 2.4bn
  • Change in Net Worth: -

Koos Bekker

Koos Bekker is revered for transforming South African newspaper publisher Naspers into an ecommerce investor & cable TV powerhouse. In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake. Source: https://www.forbes.com/profile/koos-bekker/#25b006f0416d

  • March 2019 position: 1008
  • March Net Worth: 2.3bn
  • December 2019 Position: 1105
  • December Net Worth: 2.3bn
  • Change in Net Worth: -

Michiel Le Roux

Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about an 11% stake. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member. Source: https://www.forbes.com/profile/michiel-le-roux/#44f0bfdc1e4b

  • March 2019 position: 1818
  • March Net Worth: 1.2bn
  • December 2019 Position: 1838
  • December Net Worth: 1.3bn
  • Change in Net Worth: +8.3%

 

Galetti

Marketing Manager at Galetti

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