South African billionaire Douw Steyn left an insurance group, a hotel and a private city
Douw Steyn bought a bankrupt insurer in 1984 and built Budget Holdings Limited, Steyn City and the Saxon Hotel before his death in February 2025.
Douw Steyn
South African billionaire Douw Steyn passes away at 72
Douw Steyn, founder of Steyn City and owner of Saxon Hotel, dies at 72 after battling ongoing health issues.
5 assets owned by South African billionaire Douw Steyn
In 2023, the Sunday Times Rich List pegged Steyn’s fortune at $3 billion, thanks to a portfolio of luxury hotels and insurance companies.