Who are the richest families in South Africa? Most of us want to find good jobs, earn huge sums of money, and drive beautiful cars. But there are some people who risk their money into starting business ventures, they dedicate their entire lives to ensuring its success, and they pass on the responsibility to the next generation of their family. Some even leave their countries and set up a new life in unfamiliar surroundings.
The latter group of people is the one that eventually becomes fabulously wealthy. They earn huge profits consistently for their efforts and grow their ventures into huge empires. South Africa has a few of these successful and aristocratic families with well-preserved wealth being enjoyed by at least the second generation.
In this article, we want to focus on South Africa and find out what we can learn from the wealthiest families in South Africa. Who knows; maybe we can be inspired to do something great after reading their examples. Without further ado let us now discover the richest families in South Africa.
1. The Rupert Family
Anton Rupert started selling cigarettes in his garage, and from there he started selling some of the more expensive kinds of cigarettes and cigars which were hard to come by in South Africa. Adding some other luxury goods saw him establish himself as the go-to person for top-quality overseas products. Well, several years later he is one of the wealthiest persons in Africa, and his son Johann too is a top Forbes rated billionaire.
In 1998 Rembrandt split into Remgro and Richemont, and both companies are still huge conglomerates. Remgro is an investment company with interests in mining, finance, and industry, while Richemont is based in Switzerland and deals in Luxury Goods. Johan Rupert is worth somewhere around 7 billion dollars, and he has three children: Anton Jr, Hanneli, and Caroline.
2. The Oppenheimer Family
The Oppenheimer Family literally put South Africa on the map when they controlled the diamond trade in the whole world from their mansion in South Africa. The family was founded by Sir Ernest Oppenheimer who established Anglo American Corporation of South Africa and became chairman of De Beers Consolidated Mines.
His son Harry Oppenheimer then succeeded his father as chairman of both Anglo American and De Beers Consolidated Mines. During his time he expanded the family empire, acquiring more diamond and gold mines.
Now the Oppenheimer family fortune is controlled by his son Nicky Oppenheimer, and he has put his only son Jonathan in charge of E Oppenheimer and Son Ltd. the Oppenheimer family is worth at least 7.6 billion dollars.
3. The Bekker Family
The Bekker Family is an old South African family that diversified investments. Today it is led by Jacobus Bekker, who is the founder of MTN, MNET, and Multichoice. Jacobus Bekker is the Chairman of Naspers which is a media conglomerate operating in 130 countries. Naspers is the biggest Media Conglomerate by market value outside the U.S and China.
Jacobus Bekker has 5 children, and several other relatives, all part of the Bekker Fortune. He is worth around $2.4 billion.
4. Patrice Tlhopane Motsepe
The Motsepe Family is led by Patrice Motsepe, a self-made billionaire who struck gold when he ventured into mining. He worked as a lawyer drafting mining contracts and then got the idea to found a mining company and then operate it using the contacts he made when he was drafting mining agreements. Today, he is the richest black businessman in South Africa, and his family is heavily invested in the South African economy.
Patrice Motsepe is the founder and executive chairman of African Rainbow Minerals, which operates mines prospecting for gold, iron, and platinum. Among other ventures, he is a non-executive chairman of Harmony Gold, and also the deputy chairman of Sanlam.
He is married to Precious Motsepe who is a doctor and businesswoman; she owns a fashion brand. Bridget Radebe, who is known for being one of the first female mine owners in South Africa is also from the Motsepe Family. She is a sister to Patrice Motsepe.
5. Michel Le Roux and Family
The le Roux Family is presently led by Michel le Roux. He is simply known as the chairman of Capitex Bank. Michel le Roux and his family own an 11 percent stake in the company, as well as other diversified investments.
His son Michiel le Roux Jr. has ventured into the food business; he has established a salad bar in Sandton, South Africa, where he too has several people in his employ. Apparently, he aims to follow in his father’s footsteps and turn that salad bar into a restaurant chain. Not much else is known about the le Roux family though.
6. Stephen Bradley Saad and Family
The Saad family is mainly based in Durban, South Africa. The family is led by Stephen Bradley Saad, a pharmaceutical magnate who is mostly known for being the founder and chief executive of Aspen Pharmacare, which is the largest producer of generic medicines in Africa.
Stephen Bradley Saad and his family own a private game reserve, as well as a rugby union club called Sharks. Stephen Bradley Saad is chairman of the club.
7. Christoffel Wiese and Family
Christoffel Wiese is a South African billionaire who truly knows how to diversify his business interests. Together with his family, he holds a fortune that is well distributed in retail shopping, mining, furniture, and other investments.
Christoffel Wiese was the Chairman of Shoprite Holdings; he still owns 18 percent of the retail shopping giant, as well as a furniture chain with a presence in 15 countries. His other assets include stakes in private equity firm Brait, a share of Invicta Holdings which is a manufacturing conglomerate, Pallinghurst, which invests in mines.
8. Jannie Mouton and Family
The Mouton Family fortune is controlled by Jannie Mouton and his son Piet Mouton. Jannie Mouton is a friend and business partner of Michiel le Roux, with whom he founded Capitec which is a leading bank in South Africa.
He is also the Chairman of the PSG Group; a listed investment holding firm. PSG’s business includes financial services, banking, private equity, agriculture, and education. Jannie Mouton’s sons Jan Mouton is the CEO of PSG flexible fund, while his younger son is also on the board of PSG.
9. Lauritz Dippenaar and Family
Lauritz Dippenaar and his 3 children control the Dippenaar fortune which was made by taking calculated business risks. He is a businessman, investor, and banker. Lauritz Dippenaar was CEO of First Rand Investments. He also progressed to Chairman of the investment company. Dippenaar founded RMB Holdings Ltd and Rand Consolidated Investments Ltd.
He is also a reputable philanthropist; he gives out money generously every year for scholarships.
Related:
- Top 10 Richest Kids in South Africa
- Top 10 Richest Provinces In South Africa
- Top 10 Richest Actors in South Africa
- Top 10 Richest Forex Traders In South Africa
Conclusion:
The richest families in South Africa are very similar to the aristocratic families that have preserved their wealth for generations. Looking at them one gets the feeling that these are the same people who control the economies of countries like Australia, the USA, Canada, and Great Britain. They have one thing in common; they build large business empires in the family name and put their children in control.
If everybody could build a family business and devote their lives to its success, then maybe there would be no poverty in the world. Maybe we would all be prosperous and happy. Anyway, that is what the richest families in South Africa teach us.
FAQs
Who is the richest person in South Africa 2022? ›
The Rupert family is the wealthiest and most influential family in South Africa. Johann Rupert's net worth as of August 2022 is $9.98 billion.
Who is the Top 10 Richest Man in Africa in 2022? ›Dangote is a Nigerian businessman who owns the Dangote Group, a conglomerate that includes flour mills, cement plants, and oil refineries. Aliko Dangote is Africa's richest man in 2022, with an estimated net worth of USD 11.9 billion.
Who is the richest person born in South Africa? ›Fortunately, with a net worth of $2.3 billion, Koos Bekker is the richest person in South Africa. The media and internet company Naspers was co-founded by him, and he was its CEO for a number of years. He is also the chairman of Mall for Africa. Bekker was born in 1948 in Johannesburg, South Africa.
Who is the richest female in South Africa? ›1. Wendy Appelbaum: Wendy Appealbaum is a successful business woman, leader and philanthropist who currently ranks as the richest woman in South Africa with a networth of $168 Million which is equivalent to 2.6 billion South African Rand.
Who is the richest rapper in SA? ›With a net worth of around $12 million, AKA tops the list of the richest rappers in South Africa. AKA, whose real name is Kiernan Jarryd Forbes, started rapping from a young age. While his teenage peers were struggling to understand the basics of poetry, AKA was already spitting verses.
Who is the richest football in the world 2022? ›As of June 2022, Aliko Dangote was the richest man in Africa. He had a net worth of nearly 15 billion U.S. dollars and ranked 125th worldwide. From Nigeria, he is the founder and chairman of the Dangote Group, a large conglomerate operating in several sectors including cement and sugar.
Who is No 1 richest in Africa? ›For the eleventh time in a row, Aliko Dangote (b. 1957) has been named the richest man in Africa in 2022, with an estimated net worth of around $13 billion. 1 He is also the richest black man in the world.
Who is the richest family in the world? ›- The Waltons with $212 billion24.
- The Mars family with $142 billion.
- The Kochs with $124 billion.
- The Hermès family with $112 billion.
- The Sauds with $100 billion.
- The Ambanis with $94 billion.
- The Wertheimers with $62 billion.
- The Johnsons with $61 billion.
Nicky Oppenheimer
The South African mogul is worth $ 8 billion. One of South Africa's richest men, Oppenheimer, served as the Chairman of De Beers Consolidated Mining Ltd, the largest diamond producer in the world.
Who has lot of money in South Africa? ›
In the 2022 ranking, luxury goods tycoon Johann Rupert ranks as the richest man in South Africa with an estimated net worth of $8.9 billion, up 25% from $7.1 billion in 2021. Rupert moves ahead of mining magnate Nicky Oppenheimer, whose fortune of $8.7 billion tracks closely behind.
Who is a billionaire in South Africa? ›Everyone in South Africa knows of Johann Rupert. Not only is the 71-year-old entrepreneur the second wealthiest person on the African continent, he is also South Africa's richest citizen. According to Forbes, the super wealthy Rupert currently boasts a bank balance of almost US$8 billion.
Who is the richest man in Limpopo? ›Cassel Mathale. occupation: Politician and Businessman. ESTIMATED NET WORTH : R1. 4 BILLION RANDS 3.
Who is the youngest millionaire in South Africa? ›23-year old Sandile Shezi wey dey call himself South African youngest millionaire don chop arrest by police.
Who is the black richest woman in South Africa? ›Elizabeth Bradley is the non-executive chair of the Wasco Investment limited that owns a stake at Tongaat Hullet and Sasol an integrated energy and chemical company. She is one of the South African richest women with an estimated net worth of R332 million.
Who is rich between Nasty C and Cassper Nyovest? ›Who is richer between Cassper Nyovest and Nasty C? According to Newsbub360, Nasty C's current net worth is $2 million. This means Cassper is richer than him by about $1 million.
Who is the king of rap in SA? ›Rapper Kwesta. Local rapper Kwesta ended the year with a big bang on Wednesday night after he was crowned the king of the SA Hip-Hop Awards. He scooped six awards, including Song of the Year, Best Video, and Best Collabo for his track Spirit with American rapper Wale.
Is Black Coffee Rich? ›As of 2022, Black Coffee's net worth, according to Forbes, is about $60 million, which is roughly equivalent to R875 million. His incredible net worth places Black Coffee among the richest celebrities in South Africa and by far, the richest deejay in Africa.
Which soccer player is a billionaire? ›As of September 2022, Cristiano Ronaldo's net worth is estimated to be $450 million, making him the richest soccer player in the world.
Who is richest musician in world? ›| Rank | Musician | Net Worth |
|---|---|---|
| 1 | Kanye West (Ye) | $6.6 billion |
| 2 | Rihanna | $1.7 billion |
| 3 | Jay Z | $1.4 billion |
| 4 | Andrew Lloyd Webber | $1.2 billion |
Who is the youngest richest man in Africa? ›
...
| Mohammed Dewji | |
|---|---|
| Born | 8 May 1975 Ipembe, Singida, Tanzania |
| Political party | CCM |
| Spouse | Saira Dewji ( m. 2001) |
| Children | 3 |
According to Forbes, an American business magazine owned by Integrated Whale Media Investments and the Forbes family Alakija is worth over $1 billion and has held the title of the richest woman in Nigeria for years.
Who is the richest woman in the world? ›| No. | Name | Net worth US$ (billions) |
|---|---|---|
| 1 | Alice Walton | 65.9 |
| 2 | Françoise Bettencourt Meyers | 65.4 |
| 3 | MacKenzie Scott | 62.3 |
| 4 | Julia Koch | 44.9 |
As per the Bloomberg Billionaire's Index, Aliko Dangote is still the wealthiest person in Africa with a net worth of $20.5 billion, up from $20.3 billion last month. The Bloomberg Billionaires Index is a daily ranking of the world's richest people.
Who is the richest woman in Africa 2022? ›1. Folorunso Alakija – $1 billion. The first on the list of the top 10 richest women in Africa is Folorunso Alakija. Folorunso Alakija is a Nigerian businesswoman who made her wealth from oil and gas, fashion printing industries, and real estate.
Which family runs the world? ›...
Rothschild family.
| Rothschild | |
|---|---|
| Founded | 1760s (1577) |
| Founder | Mayer Amschel Rothschild (1744–1812) (Elchanan Rothschild, b. 1577) |
1. Princess Charlotte of Cambridge. Princess Charlotte of Cambridge is the richest kid in the world with an estimated net worth of $5 billion.
Who is the richest black family in the world? ›Aliko Dangote is the richest black billionaire, with a net worth of $14 billion (11.5 in 2021). He is the founder of Dangote cement company, where he controls approximately 88% of the shares. Dangote has also amassed wealth from other investments in salt and sugar manufacturing companies.
Who is the richest person in Kwazulu Natal? ›| Stephen Saad | |
|---|---|
| Nationality | South African |
| Education | Durban High School |
| Alma mater | University of Natal |
| Occupation | Businessman |
From billionaire to billionaire, Patrice Motsepe has formed an opinion on Elon Musk. As South Africa's first Black billionaire, Motsepe said that entrepreneurs can learn a thing or two from the Tesla CEO, which could most likely increase their net worth and the success of their business.
Is South Africa wealthy? ›
South Africa concentrated the largest amount of private wealth in Africa as of 2021, some 651 billion U.S. dollars. Egypt, Nigeria, Morocco, and Kenya followed, establishing the five wealthier markets in the continent.
What Jobs will make me rich? ›...
Top 10 Jobs That Make You Rich
- Doctor. ...
- Surgeon. ...
- Investment Banker. ...
- Corporate Executive. ...
- Petroleum Engineer. ...
- Psychiatrist. ...
- Data Scientist. ...
- Research & Development Manager.
- Become Financially Literate Through Self-Education.
- Spend Less, Earn More, Invest the Difference.
- Do Something You Love.
- Invest in Properties.
- Build a Portfolio of Stocks and Shares.
- Focus on Contemporary Areas of Growth.
- Be An Innovator.
- Do Quarterly Goals & Reports.
Some of the ways you can increase your earnings if you want to discover how to become rich from a poor background include; starting a side hustle, creating a product, getting multiple jobs, starting a business, and investing in real estate, businesses, or stocks.
Where do the rich live in South Africa? ›The data shows that Johannesburg is the wealthiest city in Africa, with total private wealth amounting to $239 billion. This includes 16,000 HNWIs, 34 centi-millionaires (R1.
What type of lawyer gets paid the most in South Africa? ›Top earners include General Counsel (GC) and partners, both of which can expect to take home R5 million a year at the high-end of market. At the other end of the scale, candidate attorneys can expect to earn between R250,000 and R300,000 a year at top law firms.
What is the best career to study in South Africa? ›- Medicine and Surgery (MBCHB) Medicine is one of the best and most marketable courses in South Africa. ...
- Engineering Courses. ...
- Accounting. ...
- Phar-macy. ...
- Nursing. ...
- Law. ...
- Real Estate and Property Management. ...
- Architectural / Construction Related Courses.
South Africa's poorest province is the Eastern Cape. The wealthiest province is Gauteng. Around 880,000 of the mostly rural Eastern Cape's people live in poverty.
How much money do you need to be a millionaire in South Africa? ›How Much Money Do You Need To Be A Millionaire In South Africa? net worth between R4 billion and R9 billion is needed. According to wealth statistics, the average income for one-percenters in South Africa's top 1% is R23,079 a month.
How many millionaires are there in South Africa in 2022? ›According to last year's stats, the number of millionaires in the country was 31,852. This was a 14% increase compared to 2020. The number in 2022 may be higher.
Why is Limpopo the poorest province? ›
Poverty in Limpiopo
The poorest areas in the province are Bushbuckridge, Southern, Central and Lowveld administrative areas. They are the poorest regions because there are no white household residents.
The richest man in South Africa is Johann Rupert. He has an estimated net worth of $8.8 billion as of 2022.
What is Limpopo known for? ›Limpopo is known for its incredible wildlife. Not just found in the Kruger Park, South Africa's amazing animals are showcased in a number of smaller and sometimes private game parks dotted around the province.
Who is the richest person in 2022? ›As of June 2022, Aliko Dangote was the richest man in Africa. He had a net worth of nearly 15 billion U.S. dollars and ranked 125th worldwide. From Nigeria, he is the founder and chairman of the Dangote Group, a large conglomerate operating in several sectors including cement and sugar.
How many millionaires are there in South Africa in 2022? ›According to last year's stats, the number of millionaires in the country was 31,852. This was a 14% increase compared to 2020. The number in 2022 may be higher.
Who is the richest black man in SA? ›Nicky Oppenheimer
The South African mogul is worth $ 8 billion. One of South Africa's richest men, Oppenheimer, served as the Chairman of De Beers Consolidated Mining Ltd, the largest diamond producer in the world.
Be a billionaire by studying interest rates, tax brackets and dividends. Study finance and entrepreneurship. Learn to identify consumer needs, then develop business models to fulfill those needs. Currently, computer science skills and new technology are lucrative careers.
Who is World 2nd richest man? ›Jeff Bezos - $150 billion
Amazon founder and CEO Jeff Bezos has a net worth of $150 billion and ranks as the second richest person on the earth today.
A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name. Mompha Junior from Lagos, Nigeria became the owner of his first mansion at the age of just six.
Who is No 1 richest in Africa? ›
For the eleventh time in a row, Aliko Dangote (b. 1957) has been named the richest man in Africa in 2022, with an estimated net worth of around $13 billion. 1 He is also the richest black man in the world.
Who is the richest woman in the world? ›| No. | Name | Net worth US$ (billions) |
|---|---|---|
| 1 | Alice Walton | 65.9 |
| 2 | Françoise Bettencourt Meyers | 65.4 |
| 3 | MacKenzie Scott | 62.3 |
| 4 | Julia Koch | 44.9 |
1. Princess Charlotte of Cambridge. Princess Charlotte of Cambridge is the richest kid in the world with an estimated net worth of $5 billion.
What makes a person a millionaire? ›Someone is considered a millionaire when their net worth, or their assets minus their liabilities, totals $1 million or more.
Who is the richest man in Limpopo? ›Cassel Mathale. occupation: Politician and Businessman. ESTIMATED NET WORTH : R1. 4 BILLION RANDS 3.
Who is the richest black woman? ›- Language.
- Watch.
- Edit.
| Stephen Saad | |
|---|---|
| Nationality | South African |
| Education | Durban High School |
| Alma mater | University of Natal |
| Occupation | Businessman |