South Africa’s richest man Johann Rupert gains $1.2 billion within two weeks
The $1.2-billion surge in his fortune is attributed to the performance of his 9.14-percent stake in Richemont.
South African billionaire
South Africa’s second-richest man Nicky Oppenheimer gains $300 million in 11 days
With a current wealth of $9.98 billion, Oppenheimer is the world’s 228th richest individual. In South Africa, he holds the second spot, trailing Johann Rupert.
Saudi doctor overtakes South African billionaire Patrick Soon-Shiong as world’s second-richest doctor
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.
South African billionaire Koos Bekker is $400 million richer in 25 days
The $400-million surge in his fortune is attributed to the performance of his investment portfolio, which includes stakes Prosus N.V. and Naspers.
South African billionaire Saltzman family sells head office in $25.5-million deal
By owning these critical assets outright, Dis-Chem aims to enhance its operational efficiency and ensure long-term strategic stability.
South African billionaire Ivan Glasenberg loses $860 million in just 24 days
The $860-million year-to-date wealth loss is attributed to the sustained dip in the market value of his 9.81 percent stake in Glencore.
South Africa’s richest man Johann Rupert’s Richemont hits $6.1 billion in Q3 sales
Rupert’s wealth skyrockets to $12 billion as Richemont’s sales surpass expectations.
Africa’s first Black billionaire Patrice Motsepe’s bank targets $1-billion valuation
The bank is eyeing substantial funding of up to $100 million in a Series-D round.
South African multimillionaire Saltzman family suffers $22-million loss from Dis-Chem stake
The market value of the Saltzman family’s joint stake in Dis-Chem Pharmacies has declined from $487.7 million on Jan. 1 to $465.61 million.
South Africa’s richest man Johann Rupert gains $800 million in single day
The recent increase in his wealth figures, driven by a sharp rise in Richemont’s share price, trimmed his year-to-date losses to $442 million.
TymeBank, backed by billionaire Patrice Motsepe, achieves first-ever profit milestone
Motsepe, the influential owner with a substantial stake in TymeBank, emphasized the bank’s appeal to a more affluent consumer market.
South African billionaire Patrice Motsepe-linked insurer eyes India for growth
India’s economy is growing nearly five times faster than South Africa’s.
South African billionaire Ivan Glasenberg suffers $389-million loss in first weeks of 2024
Glasenberg’s wealth is derived from his 9.81-percent stake in Glencore, a Swiss multinational commodity trading and mining company.
Africa’s first Black billionaire Patrice Motsepe makes $100 million in first two weeks of 2024
Despite a 10-percent plunge in the market value of Motsepe’s 40-percent stake in ARM, the surge in his net worth is linked to the revaluation of private investments.
South Africa’s richest man has now lost over $600 million so far in 2024
The key factor behind the plunge in Johann Rupert’s fortune is the recent decline in the market value of his 10.18-percent stake in Richemont.
Koos Bekker-led Naspers boosts South Africa investments ahead of Amazon’s entry
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa affirmed the group’s commitment to fortify its businesses in anticipation of Amazon’s impending entry.