South African billionaire Patrice Motsepe, wife join world leaders at 2022 WEF Annual Meeting in Davos, Switzerland
Motsepe is a member of the WEF Board of Trustees.
South African billionaire
Billionaire Johann Rupert’s Richemont sees shares dive 14 percent on fears over China slowdown
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.
Nicky Oppenheimer unseats Johann Rupert to become South Africa’s wealthiest billionaire
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Patrice Motsepe beats out Strive Masiyiwa, reclaims title as Southern Africa’s richest Black businessman
Motsepe’s net worth has risen to $3.1 billion so far this year.
South African billionaire Johann Rupert’s luxury company records over $2.1 billion in profit in 2022
Richemont sales reached an all-time high of €19.2 billion in 2022.
South African mining mogul Neal Froneman fiercely defends his $18.9-million salary
In 2021, Sibanye-Stillwater’s executive directors and officers were handsomely rewarded, with $51.1 million in remuneration.
South African businessman Zak Calisto to receive $11.68-million in dividends from Karooooo
Zak Calisto controls a 66-percent stake in Karooooo.
South African executive Andre Joubert sells $1.33 million in shares in leading miner, ARM
Joubert has been the CEO of ARM’s Ferrous Division since July 2012.
South African billionaire Patrice Motsepe-linked Sanlam finalizes UK divestment
The divestment is consistent with the group’s strategy to simplify its UK operations.
South African billionaire Nicky Oppenheimer to pocket $2.37 million in IDH dividends
His net worth has risen by more than $675 million since the year began.
South African billionaire Stephen Saad’s Aspen could cut COVID-19 vaccine capacity
Saad controls a 12.5-percent stake in the leading drug company.
Patrice Motsepe-linked Sanlam signs JV deal with Allianz to form largest pan-African insurer
The new entity is expected to have a combined total group equity value in excess of $2.1 billion.
Ivan Saltzman’s Dis-Chem to receive $1.48 million from SASRIA over civil unrest
The payment will be made as part of the healthcare firm’s insurance coverage in South Africa.
Sibanye defends Neal Froneman, says $18.9-million salary is tied to reward
Froneman received $18.9 million in compensation in 2021.
South African billionaire Johann Rupert loses $890 million in April
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Here are the five billionaires who account for 3.8 percent of South Africa’s $683-billion private wealth
With a total private wealth of $651 billion, South Africa has more than twice as many billionaires as any other African country.