The Richest List Released: Here Are South Africa’s Top Billionaires

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The King has been dethroned. With the recent release of Forbes 2015 list of Africa’s 50 richest, Nicky Oppenheimer is now the richest man in South Africa with a net worth of $6.6 billion. The list equally revealed that many of the richest guys in Africa are from South Africa. Yes, South Africa has more citizens on the list than any other country in Africa, and is ahead of Nigeria that had most of its citizens on the list in 2014. However, the Nigerian tycoon, Aliko Dangote is still by far the richest being on the continent with an overwhelming net worth of $16.7 billion, approximately $10 billion richer than Nicky Oppenheimer, the second man on the list.

As found, South Africa dominates with 16 spots on the Forbes 2015 list of the top 50 richest Africans, more than any other country in the continent. These 16 are the richest people in South Africa:

  1. Nickey Oppenheimer
  2. Christoffel Wiese
  3. Johann Rupert

The list spots six (6) billionaires and ten (10) millionaires; two (2) blacks and fourteen (14) whites. Check out the full list and their net-assets below

16. Giovanni Ravazzotti

Net-worth: $330 million

Position: SA – 16th; Africa – 49th

Giovanni Ravazzotti

Giovanni Ravazzotti founded Italtile in 1969 to import and retail ceramic tiles. He’s a non executive Chairman of Ceramic Industry Limited which is known in South Africa as a leading outlet manufacturing ceramic tiles and china sanitary wares. Giovanni as a self-made millionaire who got his wealth from ceramics and tile has maintained dual South African and Italian citizenship.

15. Markus Jooste

Net-worth: $400 million

Position: SA – 15th; Africa – 46th

Markus+Jooste

Markus Jooste got his wealth from furniture retailing. As a renowned patron of South African horse racing, Jooste is the chief executive of furniture manufacturer retailer – Steinhoff International. Profiling Jooste, Forbes related that Jooste is the most traveled businessman in South Africa…and that his Johannesburg-listed company sells furniture in Europe, the Pacific Rim and southern Africa with 55,000 employees.

14. Gus Attridge

Net-worth: $410 million

Position: SA – 14th; Africa – 45th

Gus+Attridge

Michael Guy Attridge, commonly known as Gus Attridge co-founded Aspen Pharmacare in 1997 with Stephen Saad, and is the deputy chief executive officer of the establishment that manufactures drugs in countries like Australia, Brazil, Mexico, Germany, South Africa and Tanzania. Attridge’s 4% personal stake in the publicly traded South African firm was once valued for over $320 million.

13. Gerrit Thomas Ferreira

Net-worth: $420 million

Position: SA – 13th; Africa – 44th

GT Ferreira

GT Ferreira as a co-founder of Firstrand bank, is a self-made millionaire who got his wealth from the banking and insurance sector. RMI Holdings and RMB Holdings are the two listed subsidiaries of FirstRand, respectively representing the insurance and banking outlet where Ferreira is a non-executive chairman. The company presently operates allover Southern Africa and India.

12. Cyril Ramaphosa

Net-worth: $450 million

Position: SA – 12th; Africa – 42nd

Cyril Ramaphosa

Well, the present deputy president of South Africa is the 12th richest person in South Africa, and the 44nd in the whole of Africa. Mind you, politics didn’t earn him his wealth, he got most of his assets from investments. Aside founding the Shanduka Group company with investments in the energy, real estate, banking, insurance, telecoms and resource sectors, the deputy president is linked with many other prestigious business outlets.



11. Adrian Gore

Net-worth: $480 million

Position: SA – 11th; Africa – 41st

Adrian Gore

It’s known to all that Gore is a self-made millionaire who got his wealth from financial services. He is the founder and chief executive officer of Discovery Limited. Since the inception of Discovery in South Africa in 1992, the company has undoubtedly metamorphosed into a diversified multinational institution offering financial services. A report stated that discovery has “expanded its international reach to the United Kingdom, United States and Asia. It generates total income flows in excess of $5 billion and has over 8 000 employees globally serving seven million customers world-wide.” Gore is one of the youngest multi millionaires of Africa.

10. Raymond Ackerman

Net-worth: $500 million

Position: SA – 10th; Africa – 39th

Raymond Ackerman

The philanthropist, bought the Pick ‘n Pay supermarket group from its founder Jack Goldin, and was the chairman of the establishment until he steeped down in 2010. So, Raymond obviously got his wealth from retailing as Pick N Pay Group is well-known in South Africa, Zimbabwe and Australia for its chain of supermarket with about 870 stores. Raymond and his family currently own about 48% of Pick ‘n Pay’s stock.

9. Michiel Le Roux

Net-worth: $530 million

Position: SA – 9th; Africa – 38th

Michiel Le Roux

Michiel Le Roux got his wealth from the banking sector. He founded the Capitec Bank in South Africa in 2001, and is still chairs the establishment. Forbes reported that the bank with 474 branches and 3.2 million clients took the South African banking sector by storm, offering cheap transactional banking for the emerging middle class. And according to Bloomberg Business, Michiel “is connected to 2 Board Members in 2 different organizations across 3 different industries.”

8. Lauritz (Laurie) Dippenaar

Net-worth: $610 million

Position: SA – 8th; Africa – 35th

Lauritz Laurie Dippenaar

Like GT Ferreira. Dippenaar as a self-made multi millionaire got his wealth from the banking and the insurance sector. He cofounded Rand Consolidated Investing with GT Ferreira and Paul Harris which subsequently led to the emergence of FirstRand. Dippenaar is currently a non executive chairman of the outlet.

7. Jannie Mouton

Net-worth: $970 million

Position: SA – 7th; Africa – 24th

Jannie-Mouton

Jannie Mouton, also known as Buddha Buffett is the founder and chairman of PSG Group which is according to Forbes, “a listed investment holding company with interests in financial services, banking, private equity, agriculture and education.” As such its right to refer to Buddha Buffett as another South African self-made multi millionaire who earned his wealth from financial services.

So far, the richest multi millionaires of South Africa in 2015 are as presented above. The list however continues, highlighting the billionaires of the nation.

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