The 5 South Africans that made the Forbes' Wealthiest Africans list

The 5 South Africans that made the Forbes' Wealthiest Africans list

- Forbes releases list of Africa's richest billionaires and five South Africans made the list

- Nicky Oppenheimer, Johann Rupert, Koos Bekker, Patrice Motsepe and Michiel le Roux were named among Africa's top billionaires

- This is the eighth year in a row that Dangote would top the list as the richest billionaire in Africa

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Five South Africans have topped the list of Africa's richest billionaires in Forbes' newly released ranking for 2019. The list shows that 3 people have lost their billionaire ranking from last year, with only twenty making the cut for 2019.

In the 2019 list Nicky Oppenheimer, Johann Rupert, Koos Bekker, Patrice Motsepe and Michiel le Roux are the South Africans who made the list.

The wealthiest local on the list was Nicky Oppenheimer, with a net worth of $7.3 billion. Johann Rupert came in as the second wealthiest citizen with a worth of R5.6 billion. Koos Bekker and Patrice Motsepe came in third with a net worth of R2.3 billion. Michiel le Roux came in fifth with a net worth of R1.1 billion.

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Source: Forbes

Source: Forbes
Source: Original

Nicky Oppenheimer

According to the list Oppenheimer made his fortune in the diamond sector. He is the heir to his family's vast fortune and sold his 40% stake in diamond firm DeBeers in 2012 for $5.1 billion.

Nicky was the third generation of the Oppenheimer family to run DeBeers, taking the company private in 2001.

Until 2012 the Oppenheimer family was a leader in the worlds diamond trade.

Nicky now owns approxiametly 1% shares in Anglo American, a company his grandfather had founded in 1917.

He was the third generation of his family to run DeBeers, and took the company private in 2001.

Johann Rupert

Johann is the chairman of Compagnie Financiere Richemont, a Swiss luxuary goods firm.

Richemont is well known for their popular brands Cartier and Montblanc.

The company was former in 1998, consisting of assests owned by Rembrandt Group Limited ( Now Remgro Limited), which was formed in the 1940s be Anton, his father.

Johann owns a 7% stake in Remgo, an investment firm he chairs, as well as 25% of an investment firm, Reinet.

Koos Bekker

This billionaire is famous for transforming local newspaper publisher Naspers into an eCommerce investor and cable TV giant.

During his time as CEO of the company, beginning in 1997, Koos saw a rise in the market capitalization of the company from $600 million to $45 billion.

Bekker drew no salary or benefits from the company during that time, earning money instead by stock option grants.

Patrice Motsepe

Founder and chairman of African Rainbow Minerals, Motsepe earned his billionaire status in 2008.

Patrice bought low-producing gold mines in 1994 and turned them into profitable opportunities.

He was the first African partner at Bowman Gilfillan in Gauteng and subsequently being doing contract work conducting mine scut work.

This businessman also owns shares in Sanlam and is the president and owner of the Mamelodi Sundowns.

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Michiel le Roux

This self-made businessman created Capitec Bank in 2001 and still owns an 11% share.

Michiel had previously ran Boland Bank, a small bank in the Western Cape.

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Source: Briefly.co.za

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