{"id":220410,"date":"2020-11-05T17:44:51","date_gmt":"2020-11-05T16:44:51","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=220410"},"modified":"2023-01-02T09:40:56","modified_gmt":"2023-01-02T08:40:56","slug":"who-is-the-richest-person-in-south-africa","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/who-is-the-richest-person-in-south-africa\/","title":{"rendered":"Who Is the Richest Person in South Africa?"},"content":{"rendered":"<p><strong>The richest person in South Africa is currently Johann Rupert, the chairman of luxury goods company Richemont. As of the time of this writing, his net worth is estimated to be $9.5 billion according to multiple sources. Bloomberg Index places his net worth at $10.9 billion as of 2023. This is still well above Nicky Oppenheimer&#8217;s $8.5 billion net worth as of 2023<\/strong><\/p>\n<p>South Africa is home to several billionaires who are collectively worth around 40 to 50 billion dollars. Among them are Johann Rupert and Nicky Oppenheimer, who are both held in high esteem for his wealth of experience and business expertise both in South Africa and across its shores.<\/p>\n<ul>\n<li>\n<h3><strong>Johann Rupert<\/strong><\/h3>\n<\/li>\n<\/ul>\n<figure id=\"attachment_220473\" aria-describedby=\"caption-attachment-220473\" style=\"width: 696px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-220473 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/ru-e1604010324113.png\" alt=\"\" width=\"696\" height=\"501\" \/><figcaption id=\"caption-attachment-220473\" class=\"wp-caption-text\">I<a href=\"https:\/\/lh3.googleusercontent.com\/Es9XiMgIDlnh42fqOUnC4Ka54k9pmbWf-ZHpsDhaTVCh8u2BguSUrepmrmbgtMQlfK2-ntzBzZrGAIK_53YZvmtGzcu2SU8rHQ=s539\" target=\"_blank\" rel=\"noopener noreferrer\">mage Source<\/a><\/figcaption><\/figure>\n<p>The Stellenbosch-born businessman has a net worth of $9.5 billion ($10.9 billion according to Bloomberg Index). Rupert&#8217;s wealth came from his luxury goods business. He is ranked the 375th richest person in the world as of August 2020. Johann is the chairman of the South Africa-based firm Remgro, as well as the Swiss-based luxury-goods brand, Richemont.<\/p>\n<p>Johann Rupert&#8217;s company Richemont owns a number of luxury brands, including Cartier, Montblanc, and Dunhill. His other holdings include Remgro, a Stellenbosch, South Africa-based investment vehicle with stakes in more than 30 companies. Johann Rupert is also the owner of several wine estates in both South Africa and France. His father, Anton Rupert was also a South African businessman and philanthropist in his own right.<\/p>\n<ul>\n<li>\n<h3><strong>Nicky Oppenheimer<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p>Originally born Nicholas F. Oppenheimer, Nicky is a wealth creator who basically amassed his fortune through a couple of business ventures that have stood the test of time. The flamboyant entrepreneur controls a business empire that deals in gold and diamond mining as well as other reputable lines of business.<\/p>\n<h3><strong>Nicky Oppenheimer&#8217;s Biographical Data<\/strong><\/h3>\n<ul>\n<li><strong>Full Name:<\/strong> Nicholas F. Oppenheimer<\/li>\n<li><strong>Date Of Birth:<\/strong> June 8, 1945<\/li>\n<li><strong>Place Of Birth<\/strong>: South Africa<\/li>\n<li><strong>Sibling (s):\u00a0<\/strong>Mary Slack<\/li>\n<li><strong>Popularly Known As:<\/strong> A billionaire businessman and philanthropist<\/li>\n<li><strong>Education:<\/strong> Christ Church, Oxford<\/li>\n<li><strong>Spouse:<\/strong> Orcillia &#8220;Strilli&#8221; Lasch<\/li>\n<li><strong>Notable Awards:<\/strong> Presidential Order of Honor (2004), Honorary fellowship (2009) from the London Business School.<\/li>\n<\/ul>\n<h2><strong>Nicky Oppenheimer&#8217;s Net Worth Also Runs in Billions of Dollars<\/strong><\/h2>\n<p>South Africa boasts more billionaires than most African countries and Nicky Oppenheimer is one of them. He was ranked the richest person business in South Africa in 2020, even though he was $0.3 billion poorer in 2019. The business tycoon&#8217;s <a href=\"https:\/\/jewishbusinessnews.com\/2015\/03\/10\/former-debeers-chairman-nicky-oppenheimer-buys-s-africas-first-100-electric-bmw\/\" target=\"_blank\" rel=\"noopener noreferrer\">assets<\/a> are currently valued at $8.5 billion, according to <a href=\"https:\/\/www.forbes.com\/profile\/nicky-oppenheimer\/?sh=79f131173b93\" target=\"_blank\" rel=\"noopener noreferrer\">Forbes<\/a>.<\/p>\n<figure id=\"attachment_220480\" aria-describedby=\"caption-attachment-220480\" style=\"width: 696px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-220480 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/nnn-e1604011730667.jpg\" alt=\"\" width=\"696\" height=\"465\" \/><figcaption id=\"caption-attachment-220480\" class=\"wp-caption-text\">Oppenheimer and Russian president Putin Vladimir (<a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/3\/3b\/Vladimir_Putin_in_South_Africa_5-6_September_2006-16.jpg\" target=\"_blank\" rel=\"noopener noreferrer\">Image Source<\/a>)<\/figcaption><\/figure>\n<p>Oppenheimer was mentioned as the 23rd richest person in the United Kingdom on the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Sunday_Times_Rich_List\" target=\"_blank\" rel=\"noopener noreferrer\">Sunday Times Rich List<\/a> 2018 with a reported asset of \u00a35.5 billion. He basically built his wealth from two disclosed sources of income. He is believed to have billions from his mining career for being one of the key personalities in the industry.<\/p>\n<p>Though a breakdown of how Nicky made his wealth is yet to publicized, there&#8217;s no doubt it took him a lot of effort, consistency, and determination to finally get to the top of the ladder as a mining expert. He is indeed an inspiration to young South Africans with an interest in mining.<\/p>\n<h2><strong>He Has Lucrative Streams Of Income<\/strong><\/h2>\n<p>Nicky Oppenheimer&#8217;s businesses spread across diamond mining and aviation. He is not really a &#8216;jack of all trades,&#8217; but he has impressively excelled at the crafts he&#8217;s best known for. You&#8217;ll find out more about his channels of income in the sections below.<\/p>\n<h3><strong>1. De Beers Group<\/strong><\/h3>\n<figure id=\"attachment_220478\" aria-describedby=\"caption-attachment-220478\" style=\"width: 696px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-220478 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/nn-e1604011383659.png\" alt=\"Nicky Oppenheimer \" width=\"696\" height=\"390\" \/><figcaption id=\"caption-attachment-220478\" class=\"wp-caption-text\"><a href=\"https:\/\/tropage.com\/wp-content\/uploads\/2017\/04\/Nicky-Oppenheimer.png\" target=\"_blank\" rel=\"noopener noreferrer\">Image Source<\/a><\/figcaption><\/figure>\n<p>The diamond mining business is, no doubt, one of the most popular landing spots for billionaires. Oppenheimer was the former chairman of the mining giant, DeBeers, which controlled a large part of the world&#8217;s diamond supply right from the time of Nicky&#8217;s father Harry was DeBeers&#8217; chairman and the chairman of Anglo American. His time at the helm of affairs at the organizations lasted between the late 1950s and the early 1980s.<\/p>\n<p>For 85 years until 2012, the Oppenheimer family was the center of the controlling spot in the diamond business across the world. This period afforded Nicky the platform to grow his wealth through the business. He sold his 40% stake in diamond in 2012 to the mining group Anglo American for $5.1 billion in cash after taking the firm private in 2011. Oppenheimer was the third generation of his family to manage the mining company.<\/p>\n<blockquote class=\"instagram-media\" data-instgrm-captioned data-instgrm-permalink=\"https:\/\/www.instagram.com\/p\/B0tWeX7FZZ9\/?utm_source=ig_embed&amp;utm_campaign=loading\" data-instgrm-version=\"14\" style=\" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);\">\n<div style=\"padding:16px;\"> <a href=\"https:\/\/www.instagram.com\/p\/B0tWeX7FZZ9\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;\" target=\"_blank\"> <\/p>\n<div style=\" display: flex; flex-direction: row; align-items: center;\">\n<div style=\"background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;\"><\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;\"><\/div>\n<\/div>\n<\/div>\n<div style=\"padding: 19% 0;\"><\/div>\n<div style=\"display:block; height:50px; margin:0 auto 12px; width:50px;\"><svg width=\"50px\" height=\"50px\" viewBox=\"0 0 60 60\" version=\"1.1\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"https:\/\/www.w3.org\/1999\/xlink\"><g stroke=\"none\" stroke-width=\"1\" fill=\"none\" fill-rule=\"evenodd\"><g transform=\"translate(-511.000000, -20.000000)\" fill=\"#000000\"><g><path d=\"M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631\"><\/path><\/g><\/g><\/g><\/svg><\/div>\n<div style=\"padding-top: 8px;\">\n<div style=\" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;\">View this post on Instagram<\/div>\n<\/div>\n<div style=\"padding: 12.5% 0;\"><\/div>\n<div style=\"display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;\">\n<div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);\"><\/div>\n<div style=\"background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;\"><\/div>\n<div style=\"background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);\"><\/div>\n<\/div>\n<div style=\"margin-left: 8px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)\"><\/div>\n<\/div>\n<div style=\"margin-left: auto;\">\n<div style=\" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);\"><\/div>\n<div style=\" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);\"><\/div>\n<div style=\" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);\"><\/div>\n<\/div>\n<\/div>\n<div style=\"display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;\">\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;\"><\/div>\n<div style=\" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<p style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;\"><a href=\"https:\/\/www.instagram.com\/p\/B0tWeX7FZZ9\/?utm_source=ig_embed&amp;utm_campaign=loading\" style=\" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;\" target=\"_blank\">A post shared by De Beers Group \ud83d\udc8e (@debeersgroup)<\/a><\/p>\n<\/div>\n<\/blockquote>\n<p><script async src=\"\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><\/p>\n<p>Among other things, the international corporation focuses on diamond mining, industrial diamond manufacturing, diamond exploitation, and diamond trading, as well as diamond retail. DeBeers, which plies its trade in over 30 countries, is actively involved in coastal mining, open-pit mining, deep-sea mining, and alluvial mining.<\/p>\n<p>Its mining operations also take place both within and outside the shores of Africa. Australia, Canada, Namibia, Botswana, and South Africa are some of the other destinations covered by DeBeers. The company largely controls the distribution of rough diamond &#8211; about 80% to 85% control rate.<\/p>\n<h3><strong>2. Fireblade Aviation<\/strong><\/h3>\n<figure id=\"attachment_220443\" aria-describedby=\"caption-attachment-220443\" style=\"width: 696px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-220443 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/aw139_fireblade-e1603985693743.jpg\" alt=\"\" width=\"696\" height=\"382\" \/><figcaption id=\"caption-attachment-220443\" class=\"wp-caption-text\"><a href=\"https:\/\/www.helis.com\/h2\/aw139_fireblade.jpg\" target=\"_blank\" rel=\"noopener noreferrer\">Image Source<\/a><\/figcaption><\/figure>\n<p>Fireblade Aviation was launched by Oppenheimer in the year 2014. The world-class facility strictly operates chartered flights with its fleet of 3 planes and 2 helicopters. They are open for business aviation at O.R. Tambo International Airport.<\/p>\n<p>The independently-owned facility also offers its clients a full range of business terminal and charter services that take care of their needs. The state-of-the-art aviation line is situated in Kempton Park, Gauteng, South Africa.<\/p>\n<h4><strong>Nicky Oppenheimer built his wealth through:<\/strong><\/h4>\n<ol>\n<li>De Beers<\/li>\n<li>Fireblade aviation<\/li>\n<\/ol>\n<h2><strong>Nicky Oppenheimer Has An Intimidating Business Career Profile\u00a0<\/strong><\/h2>\n<p>Oppenheimer has occupied various prestigious positions in the business community. He became a director at the British multinational mining company <a href=\"https:\/\/en.wikipedia.org\/wiki\/Anglo_American_plc\" target=\"_blank\" rel=\"noopener noreferrer\">Anglo American<\/a> in the year 1974 after joining the firm in 1968. He rose to the rank of the company&#8217;s deputy chairman in 1983 and resigned in 2001.<\/p>\n<p>Following his resignation, the business tycoon remained a non-executive director at Anglo America until 2001. Nicky served as the then-Central Selling Organisation (now Diamond Trading Company)&#8217;s deputy chairman. His tenure began in 1984, and the following year, he was appointed as the chairman of the company.<\/p>\n<figure id=\"attachment_220477\" aria-describedby=\"caption-attachment-220477\" style=\"width: 696px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-220477 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/nick-e1604011202770.png\" alt=\"Nicky Oppenheirmer\" width=\"696\" height=\"392\" \/><figcaption id=\"caption-attachment-220477\" class=\"wp-caption-text\">Oppenheimer and Cyril Ramaphosa (<a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/3\/3b\/Vladimir_Putin_in_South_Africa_5-6_September_2006-16.jpg\" target=\"_blank\" rel=\"noopener noreferrer\">Image Source<\/a>)<\/figcaption><\/figure>\n<p>Oppenheimer also served in various capacities for many years at De Beers Consolidated Mines. He became the deputy chairman of the organization in 1985 and subsequently its Chairman from 1998 to 2012 when he exited after selling his family&#8217;s stake to Anglo American.<\/p>\n<p><strong>Before his retirement, Oppenheimer worked in the following companies:<\/strong><\/p>\n<ol>\n<li>Anglo American<\/li>\n<li>Diamond Trading Company<\/li>\n<li>De Beers<\/li>\n<\/ol>\n<h2><strong>Is Nicky Oppenheimer The Oldest Billionaire in South Africa?<\/strong><\/h2>\n<p>Presently, Nicky Oppenheimer is the oldest known billionaire in South Africa. Born on June 8, 1945, his age and wealth of experience are believed to have helped him in his journey to greatness. Only a little age gap exists between Oppenheimer and Johann Rupert, who is five years younger than Nicky. Johann is followed closely by Mr. Bekker and Patrice.<\/p>\n<h2><strong>Who are Other Dollar Billionaires Are In South Africa?<\/strong><\/h2>\n<p>South Africa is home to billionaires and influential entrepreneurs in the business world. Besides Nicky Oppenheimer, other South Africans with mind-blowing net worth include the following:<\/p>\n<ul>\n<li>\n<h3><strong>Koos Bekker<\/strong><\/h3>\n<\/li>\n<\/ul>\n<figure id=\"attachment_220475\" aria-describedby=\"caption-attachment-220475\" style=\"width: 696px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-220475 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/bekker-e1604010530504.jpg\" alt=\"Who Is the Richest Person in South Africa In 2020?\" width=\"696\" height=\"453\" \/><figcaption id=\"caption-attachment-220475\" class=\"wp-caption-text\"><a href=\"https:\/\/cdn.primedia.co.za\/primedia-broadcasting\/image\/upload\/c_limit,w_847\/tiiuaco8ywqtbqhbsepc\" target=\"_blank\" rel=\"noopener noreferrer\">Image Source<\/a><\/figcaption><\/figure>\n<p>Jacobus Petrus &#8220;Koos&#8221; Bekker is an investment and media mogul. His assets are valued at 2.5 billion dollars in 2023. As of the year 2020, Forbes ranked Potchefstroom-based entrepreneur the 1063rd richest person in the world.<\/p>\n<ul>\n<li>\n<h3><strong>Patrice Motsepe<\/strong><\/h3>\n<\/li>\n<\/ul>\n<figure id=\"attachment_220476\" aria-describedby=\"caption-attachment-220476\" style=\"width: 696px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-220476 size-full\" src=\"https:\/\/buzzsouthafrica.com\/wp-content\/uploads\/Patrice-Motsepe-trump-comments-e1604010570400.jpg\" alt=\"Who Is the Richest Person in South Africa In 2020?\" width=\"696\" height=\"348\" \/><figcaption id=\"caption-attachment-220476\" class=\"wp-caption-text\"><a href=\"https:\/\/api.time.com\/wp-content\/uploads\/2020\/01\/Patrice-Motsepe-trump-comments.jpg?quality=85&amp;w=1024&amp;h=512&amp;crop=1\" target=\"_blank\" rel=\"noopener noreferrer\">Image Source<\/a><\/figcaption><\/figure>\n<p><a href=\"https:\/\/buzzsouthafrica.com\/richest-black-man-south-africa\/\">Patrice Motsepe<\/a> is a mining tycoon who has amassed 2.8 billion dollars as net worth in his business years. The African Rainbow Minerals CEO&#8217;s occupies the 1513th spot on the list of richest persons in the world, as published by Forbes for the year 2020. He is the richest black man in South Africa.<\/p>\n<h2><strong>Why Elon Musk Is Not Considered The Richest South African<\/strong><\/h2>\n<p>Pretoria-born engineer, business mogul, philanthropist, and industrial designer Elon Musk is not regarded as one of South Africa&#8217;s billionaires, even though he was listed to have made a $146.5 billion net worth, which is a lot more than Oppenheimer&#8217;s. This is basically because he does not reside in South Africa. Musk is rather listed as an American as <a href=\"https:\/\/www.narcity.com\/gossip\/ca\/elon-musks-canadian-citizenship-is-one-of-three-that-he-holds\" target=\"_blank\" rel=\"noopener noreferrer\">he is a citizen of three countries<\/a> &#8211; Canada, South Africa, and The United States America.<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe class=\"youtube-player\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/EXaEz0mJXWY?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation\"><\/iframe><\/span><\/p>\n<p>The South African entrepreneur&#8217;s net worth has continued to rise over the years &#8211; many thanks to his flamboyant lines of business. The SpaceX CEO keeps pace with billionaire-business-magnates such as Jeff Bezos, Bill Gates, Mark Zuckerberg, as well as Warren Buffett. Musk was recently unveiled as the <a href=\"https:\/\/www.caranddriver.com\/news\/a33860968\/elon-musk-net-worth-100-billion\/\" target=\"_blank\" rel=\"noopener noreferrer\">third richest person<\/a> in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The richest person in South Africa is currently Johann Rupert, the chairman of luxury goods company Richemont. As of the time of this writing, his net worth is estimated to be $9.5 billion according to multiple sources. Bloomberg Index places his net worth at $10.9 billion as of 2023. This is still well above Nicky [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":220486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"2normal","footnotes":""},"categories":[438,482,442],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Who Is the Richest Person in South Africa In 2024?<\/title>\n<meta name=\"description\" content=\"Who is the richest person in South Africa? 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