{"id":221706,"date":"2020-11-30T14:00:57","date_gmt":"2020-11-30T13:00:57","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=221706"},"modified":"2023-01-23T12:04:29","modified_gmt":"2023-01-23T11:04:29","slug":"sources-of-douw-steyn-net-worth-his-car-collection-and-the-features-of-his-palatial-house","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/sources-of-douw-steyn-net-worth-his-car-collection-and-the-features-of-his-palatial-house\/","title":{"rendered":"Sources of Douw Steyn’s Net Worth, His Car Collection and Features of His Palatial House"},"content":{"rendered":"

Douw Steyn’s net worth is estimated at a massive \u00a3950 million or roughly $1.2 billion. He is a South African billionaire businessman and the founder of a UK-based insurance and financial services company known as BGL Group, which is the parent company of Comparethemarket.com.<\/strong><\/p>\n

Douw Steyn is one of those extremely wealthy individuals whose name you may not see in the rankings of richest South Africans because it is reported that his wealth is hard to track since his fortune is not in publicly held companies. With a mouth-watering fortune \u00a3950 million or more, it is not surprising that he has an excellent car collection and a great home that has gulped in more than R250 million.<\/p>\n

The South African billionaire has made his fortune from the insurance business and other investments. He started his career as a quantity surveyor before delving into the world of business, which has now turned him into a billionaire.<\/p>\n

A Look At Douw Steyn’s Net Worth<\/strong><\/h2>\n

Douw Steyn has a net worth that has been estimated at a massive \u00a3950 million (approx $1.2 billion) which means he is a billionaire in dollars. He shares his time between South Africa and the United Kingdom, so it is not unusual to find his name on a list of the richest men in both countries.<\/p>\n

The businessman and investor saw his fortune jump up in 2020 by more than \u00a350 million from the \u00a3900 million he had in 2019. Unfortunately, his net worth has not been estimated by some powerhouses, including Forbes Magazine and Bloomberg billionaire lists, mostly because his sources of fortune are not linked to public companies.<\/p>\n

Steyn is a self-made billionaire whose fortune was made from his investments in the insurance sector, as well as from the real estate industry. Since the mid-1980s when he started his own business, he has continued on the path to more wealth. In 2020, he was named by insurancebusinessmag<\/a> as the wealthiest insurance tycoon in the UK, citing Sunday Times.<\/p>\n

Since his name does not feature mostly among the richest men in South Africa<\/a>\u00a0like Nicky Oppenheimer<\/a>, Johann Rupert<\/a>, Koos Bekker, and Patrice Motsepe<\/a>, Steyn has his spot there, considering his massive wealth. As far back as 2014, his net worth<\/a> was placed at \u00a3600 million, which at the time, was more than R10.5 billion.<\/p>\n

How Did Douw Steyn’s Net Worth Accrue?<\/strong><\/h2>\n

For the starting part, the life of Douw Steyn wasn’t necessarily out of the ordinary. He was born in December 1952 in Johannesburg, and he got his education from Linden, Johannesburg before he later moved to Potchefstroom University for Christian Higher Education from where he obtained his bachelor’s degree. He then started his career at Eskom Megawatt Park as a quantity surveyor.<\/p>\n

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A post shared by Carolyn Steyn (@carolyn_steyn)<\/a><\/p>\n<\/div>\n<\/blockquote>\n