South African billionaire Nicky Oppenheimer loses $780 million in past 54 days
Oppenheimer remains one of Africa’s richest billionaires and South Africa’s second wealthiest person.
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Oppenheimer remains one of Africa’s richest billionaires and South Africa’s second wealthiest person.
This comes after the family filed a lawsuit on June 2 to stop Pearline Mineral Exploration from mining on the Shangani Ranch.
Oppenheimer maintains private equity investments in Africa, Asia, the United States, and Europe.
However, Oppenheimer’s net worth has risen by $750 million since the start of the year.
Oppenheimer is one of a handful of African billionaires whose fortunes have grown significantly in 2022.
Rupert is now ranked 214th on the Bloomberg Billionaires Index.
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
His net worth has risen by more than $675 million since the year began.
Despite the global impact of the Russia-Ukraine crisis, the South African’s wealth has risen from $7.95 billion to $8.55 billion.
Oppenheimer’s net worth has increased by 10.7 percent since the start of the year.
With a net worth of $8.38 billion, Oppenheimer is the 288th richest man in the world.
The rise comes off the back of a revaluation of his assets held through Stockdale Street and Tana Africa Capital.
Oppenheimer has seen his net worth slump below the $8-billion mark in recent times.
One of the wealthiest men in Africa and the second richest man in South Africa, he holds a significant stake in IDH.
At his current wealth valuation, Oppenheimer is ranked the 332nd richest man in the world.
This translates to an average gain of $2.9 million per day for the billionaire since Jan. 1.