South Africa’s second-richest man Nicky Oppenheimer suffers $150 million loss in five days
The decline can be attributed to losses incurred from Oppenheimer’s investments in private equity firms.
South African billionaire
South African tycoon Saki Macozoma owns $125-million mining fortune
Macozoma’s boasts a shareholding in the Tshipi Borwa manganese mine that is now valued at $125.1 million.
Johann Rupert remains Africa’s richest man, despite $900-million decrease in net worth
The decline in Rupert’s net worth can be attributed to the reduction in the market value of his 9.14-percent stake in Richemont.
South African tycoon Christopher Seabrooke’s Sabvest Capital stake tanks, resulting in $26.9-million loss
Seabrooke holds a significant 40.61-percent stake in Sabvest Capital, making him one of the richest executives in the country.
5 companies owned by South African billionaire Christo Wiese
These stakes contribute to Wiese’s expanding wealth and reinforce his position as one of Africa’s most influential business figures.
South African tycoon Piet Mouton’s stake in Capitec Bank loses more than $180 million in 2023
Mouton, who has accumulated a substantial fortune through his diverse investment portfolio, has a 5.83-percent stake in Capitec Bank.
Africa’s first Black billionaire donates $320,000 to resolve South Africa Women’s World Cup team pay dispute
Motsepe, who made history in 2008 as the first Black African billionaire, derives the majority of his wealth from his stake in ARM.
The Richest Five: Meet the five African billionaires with a net worth of more than $5 billion
Six African billionaires boasted a net worth of over $5 billion at the start of 2023. However, only five individuals currently maintain this status.
South African billionaire Laurie Dippenaar sees $45.6-million surge in FirstRand stake in 46 days
Dippenaar owns a 1.76-percent stake in FirstRand, which translates to 98,726,988 shares.
7 assets owned by South African furniture tycoon Eric Ellerine
After South African furniture retail tycoon Eric Ellerine sold off his shares in Ellerines, he established his family office that invests in malls, private equity and listed equities.
South African billionaire Christo Wiese’s Brait injects fresh capital into Virgin Active
Back in 2015, Brait, under the leadership of Wiese, acquired an 80-percent stake in Virgin Active for $862.8 million.
South African tycoon Roux Shabangu constructs Shopping mall in KwaZulu-Natal
Shabangu, one of South Africa’s wealthiest men, is building the mall in partnership with Moolman Group, Twin City, and Green Giraffe.
South African-born billionaire Patrick Soon-Shiong sees net worth slump by $860 million in 54 days
The decline in Soon-Shiong’s fortune can be attributed to the drop in the market value of his 80-percent stake in ImmunityBio.
South Africa’s second-richest man Nicky Oppenheimer surpasses $9-billion net worth
Oppenheimer’s net worth has surpassed $9 billion, as he joins the list of billionaires with impressive wealth gains this year.
Pick ‘n Pay, led by South African Ackerman family, bolsters fresh meat selection through Tomis Group acquisition
The deal will enable Pick ‘n Pay to expand its operations and bolster its earnings and revenue.
South African billionaire Christo Wiese’s Invicta stake skyrockets, nearing $30 million
Wiese owns a substantial 19.23-percent stake in Invicta Holdings.