Africa’s first Black billionaire Patrice Motsepe lost $600 million in 2023
The decline in his net worth is closely tied to the sustained downturn in the market value of his 40.37-percent stake in African Rainbow Minerals (ARM).
South Africa
South African billionaire Saltzman family gains $131.2 million in 65 days
Lynette and Ivan Saltzman own a beneficial 35.12-percent stake in the Gauteng-based Dis-Chem Pharmacies.
South African billionaire Patrick Soon-Shiong’s net worth soars above $10 billion
Soon-Shiong’s financial resurgence throughout this year highlights his business skills and significant influence in healthcare and biotechnology.
South African exec Iolanda Ruggiero earns $1.1-million salary from Nedbank in 2022
In 2022, Ruggiero received a notable compensation package of $1.1 million, reflecting a 13.31-percent increase from the previous year.
Johann Rupert reemerges as Africa’s richest man in latest Forbes ranking
While Forbes positions Rupert as the richest man in Africa, with a net worth of $10.2 billion, Bloomberg’s estimations paint a different picture.
South African business executive Neal Froneman gains $3.4 million in 36 days
Sibanye-Stillwater has experienced a remarkable surge in recent months.
South African billionaire Ivan Glasenberg faces $254-million wealth loss in 2023
The $254-million year-to-date decline in his wealth is attributed to the sustained dip in the market value of his stake in Glencore.
7 assets owned by South African real estate tycoon Kiriakos Anastasiadis
Dive into his vast real estate portfolio, including the iconic Mall@Reds, transformative Trade@55, and innovative Hey Joe Brewing Company.
South African billionaire Koos Bekker loses $67 million in 41 days
Bekker’s stake in Naspers valued at $315.8 million on Nov. 15, have declined to $248.86 million at the time of writing.
South African executive Anthony Leeming guides Sun International into new era
Under Leeming, Sun International has seen a remarkable increase in its share price, with its market cap. exceeding $570 million.
5 companies owned by South African media magnate Terrence Moolman
His astounding rise from an entry-level position to a key figure in the media tells a story of resilience, determination, and commitment.
Meet South African tycoon Siza Mzimela: The first Black woman to start an airline
Mzimela’s audacious step into entrepreneurship came in 2015 when she founded Fly Blue Crane.
South Africa’s second-richest man Nicky Oppenheimer hits $1.7 billion in gains in 2023
His fortune has climbed from $8.03 billion to $9.75 billion since Jan. 1.
Patrice Motsepe-linked bank targets $4.9 billion in unclaimed benefits in South Africa
Motsepe-backed TymeBank targets unclaimed benefits, fueling its drive to dominate South Africa’s financial landscape.
South African tycoon Jannie Mouton gains $31 million in 6 days from Capitec Bank
Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
10 companies owned by South African billionaire Jonathan Oppenheimer
Track his ventures as he continues the extraordinary entrepreneurial legacy of the South African billionaire Oppenheimer family.