Meet the 7 richest South African billionaires in 2023
South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.
Southern Africa
Zimbabwean billionaire Strive Masiyiwa’s ADC to set up new data center facility in Nairobi
ADC is an affiliate of Cassava Technologies, a fiber and telecom solutions group.
Zimbabwean tycoon Paddy Zhanda amasses $2.17-million fortune in less than two months of 2023
Zhanda owns a significant 8.08-percent beneficial stake in Masimba Holdings.
Zimbabwean mogul John Moxon gains $6.4 million in under 60 days from stake in Meikles
Moxon ranks as one of the richest businessmen in Zimbabwe.
Swazi billionaire Natie Kirsh’s net worth takes sharp dive, losing $290 million in just 40 days
Kirsh’s net worth has dropped from $7.61 billion to $7.32 billion.
South African billionaire Christo Wiese-linked Steinhoff settles multi-million dollar lawsuit with Austrian firm
In 2017, Wiese was Steinhoff’s largest shareholder.
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.
South African mogul Adrian Gore’s Discovery suffers 10-percent decline in earnings
Gore owns a sizable 7.48-percent stake in Discovery Limited.
Rihanna’s next billion-dollar move: The cosmetics mogul sets sights on new ventures to boost Fenty Brand
Rihanna is not resting on her laurels.
South African tycoon Neal Froneman’s Sibanye-Stillwater to acquire Australia’s New Century for $83 million
Froneman holds a 0.074-percent ownership stake in Sibanye-Stillwater.
South African billionaire Koos Bekker’s Naspers backs startup in $100-million raise
Bekker’s 0.96-percent Naspers stake is valued at $740 million.
Namibian businessman Koos Brandt rakes in nearly $4 million from Capricorn share
The market value of Brandt’s stake in Capricorn has risen by $3.96 million this year.
South African billionaire Patrice Motsepe donates $1.64 million to assist students struggling with debt
Motsepe is a prominent figure in Africa, renowned as both a top philanthropist and a billionaire.
South African tycoon Stephen Brookes’ Balwin Properties announces secondary listing on A2X Markets
Brookes owns a 36.08-percent stake in Balwin Properties.
South African billionaire Michiel Le Roux loses $104 million in 38 days from Capitec stake
Le Roux is a 73-year-old South African billionaire and co-founder of Capitec Bank.
South African billionaire Patrice Motsepe’s net worth slumps by $400 million
Motsepe owns 39.7 percent of ARM.