Meet the 7 richest South African billionaires in 2023
South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.
Patrick Soon-Shiong
South African-born billionaire Patrick Soon-Shiong’s ImmunityBio executes $50-million equity financing
Soon-Shiong owns a 76-percent stake in ImmunityBio, a late-stage immunotherapy company.
Meet seven African billionaires absent from Forbes’ 2023 billionaires list
The total number of African billionaires stands at 26.
South African-born billionaire Patrick Soon-Shiong’s net worth gains $370 million in 51 days
The recent increase reduced his year-to-date wealth loss to $875 million.
South African-born billionaire Patrick Soon-Shiong’s year-to-date wealth loss exceeds $1.1 billion
Soon-Shiong remains one of the richest businessmen in the world.
South African-born billionaire Patrick Soon-Shiong rents out part of vaccine plant as demand declines
Earlier this year, ImmunityBio opened a plant in South Africa under the name Nant SA.
South African-born billionaire Patrick Soon-Shiong’s net worth sheds $290 million in six days
His biotech company’s share price has dropped by more than 15 percent in the past six days.
South African billionaire Patrick Soon-Shiong loses nearly $1 billion since start of 2022
Soon-Shiong holds $7.03 billion of his $8.99-billion fortune in cash.
South African-born billionaire Patrick Soon-Shiong loses over $7.3 billion in one year
Soon-Shiong owns 73.2 percent of the biotech business.
South African-born billionaire Patrick Soon-Shiong launches Africa’s first COVID-19 vaccine plant
NantSA has launched a plant in South Africa that will produce up to 1 billion COVID-19 vaccines yearly by 2025.
South Africa-born billionaire Patrick Soon-Shiong set to build COVID-19, cancer vaccine center in Botswana
Soon-Shiong became a billionaire after selling APP Pharmaceuticals and Abraxis BioScience for $4.6 billion and $2.8 billion, respectively.
South Africa can become ‘Singapore of Africa’ for healthcare and pharmaceuticals: Patrick Soon-Shiong
He stressed that the continent can do so by expediting the development of next-gen pharmaceuticals.
Billionaire Patrick Soon-Shiong pledges $213 million for COVID-19 vaccine production
The funds will aid the technological transfer needed to jumpstart production in South Africa.
South African billionaire Patrick Soon-Shiong partners Biovac to produce COVID-19 vaccines
Patrick Soon-Shiong looks to deploy COVID-19 vaccines in South Africa.