When it comes to the mega-rich, South Africa is far from trailing behind! As the classic saying goes, “Money makes money,” and oh boy, have these three South Africans made a mountain of it. Keep reading to get your mind blown by their whopping net worths, and maybe, just maybe, get inspired to up your financial game.
Each day, the Bloomberg Billionaires Index updates its ranking of the world’s wealthiest individuals. As of the closing of trading on 28th June 2023, we’ve gathered the details on our home-grown magnates who are not just leaving their mark on the Mzansi financial scene but are also making waves globally.
Leading the pack, at a staggering 134th place globally, is Johann Rupert. If you don’t know this name, you might want to take note. Rupert is the tycoon behind the international luxury goods group Richemont, which boasts brands like Cartier and Montblanc. With an astronomical net worth of $13.4 billion, it’s clear Rupert’s investments are doing a lot more than just ticking over. Johann Rupert’s road to wealth wasn’t an overnight success, but rather a result of strategic moves and bold decisions. The son of business tycoon Anton Rupert, Johann didn’t simply inherit his father’s empire; he expanded it. After earning his economics degree, he joined the family business, Rembrandt Group, where he established the company’s international arm, Richemont.
Richemont houses some of the world’s most renowned luxury brands, including Cartier and Montblanc. With a clear vision of the future of luxury and a deep understanding of market trends, Johann catapulted Richemont into a global luxury goods powerhouse.
Next up, we have Nicky Oppenheimer, weighing in at a cool $9.05 billion. A former chairman of De Beers diamond mining company and its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American. His vast wealth sits him comfortably at 231st place worldwide. Talk about bling! Nicky Oppenheimer’s journey toward a net worth of $9.05 billion has been anything but conventional. The grandson of Anglo-American founder Sir Ernest Oppenheimer, Nicky initially walked a different path, studying philosophy at Oxford. However, destiny had its way, and he later joined the family business, becoming chairman of De Beers, the world’s largest diamond producer.
Nicky transformed De Beers into a global diamond empire, mastering the art of controlling diamond supply to maintain high prices. His wise business acumen and leadership saw the company through volatile markets, maintaining its position as a diamond industry leader.
Last, but certainly not least, Natie Kirsh grabs our third spot. The self-made billionaire and philanthropist made his fortune in various sectors, including retail and property. With a solid net worth of $7.48 billion, Kirsh takes up the 310th spot on the global rich list. Natie Kirsh’s story is one of sheer determination, versatility, and risk-taking. Born to a poor family, Kirsh’s rise to a net worth of $7.48 billion is a testament to his business savvy. Starting with a small family-owned business, he ventured into various sectors, from retail to property, and made strategic business decisions that led to significant profit.
His diversified empire, Kirsch Industries, thrives across several continents. His unyielding resilience and willingness to take risks have played a pivotal role in his success. Today, Kirsh is not only a business magnate but also a philanthropist, committing significant parts of his wealth to better society.
But hang on, South Africa is not done yet. Born and bred South African, Elon Musk, who now calls America home, takes the crown as the world’s richest person! Yes, you read that right – the world! Known for his role in PayPal, SpaceX, and Tesla, Musk’s innovative ventures are a testament to the innovative spirit nurtured on South African soil.
So there you have it, folks, South Africa’s very own Titans of Wealth! They’ve harnessed their entrepreneurial spirit, seized opportunities, and made fortunes that most of us can only dream of. Who knows, maybe this time next year, we’ll be writing about you!
About the Author:
Thabo Matlala is a fintech journalist with Africa Nova. A finance graduate, Thabo has an eye for exciting trends and startups disrupting the traditional South African landscape.Thabo Matlala is a fintech journalist with Africa Nova. A finance graduate, Thabo has an eye for exciting trends and startups disrupting the traditional South African landscape.
