South Africa, known for its breath taking landscapes and vibrant culture, is also home to some of the wealthiest individuals on the African continent. These business tycoons have made their fortunes in diverse sectors ranging from mining to technology. As the global economy continues to evolve, the sources of wealth for these individuals have shifted, with innovation, investment diversification, and entrepreneurial spirit leading the way.
According to goodreturns , here are the top 6 richest South Africans as of October 2024. Read also: Bezos, Arnault decline, Musk, Zuckerberg grow in Q3 top 10 richest men shakeup Net Worth: $11.48billion Industry: Luxury Goods Johann Rupert, the chairman of the Swiss-based luxury goods company Compagnie Financière Richemont, holds the top spot as South Africa’s wealthiest individual.
Richemont owns prestigious brands such as Cartier, Montblanc, and Dunhill. Rupert also has significant stakes in South African companies like Remgro and Reinet Investments, making him a dominant figure in the local and global luxury sectors. Net Worth: $9.
56 billion Industry: Diamonds, Mining Nicky Oppenheimer, a scion of the family that controlled De Beers, the world’s largest diamond producer, sold his family’s stake to Anglo American in 2012. While his direct involvement in the diamond industry has reduced, Oppenheimer’s diversified investments, especially through his private equity firm Tana Africa Capital, have continued to grow his fortune. Net W.