Top 6 richest Indians in South Africa and their net worth (2024)

Top 6 richest Indians in South Africa and their net worth (2024)

Indians in Africa contribute much to the growth and development of the continent's economy, irrespective of the country they are in. In South Africa, for instance, many Indians have distinguished themselves as great entrepreneurs and industrialists and are now enviable employers. Here is a list of the richest Indians in South Africa and how much they are worth.

From (L-R) Vivian Reddy, Iqbal Survé and Priven Reddy
The top richest Indians in South Africa are worth millions. Photo: @vivian_reddy_official, @iqbalsurve, @privenreddy (modified by author)
Source: UGC

TABLE OF CONTENTS

The list of South Africa's wealthiest Indians includes individuals who have relocated to the country and have either invested in or accumulated wealth over time. They run several businesses in the country.

Top 6 richest Indians in South Africa

RankNameNet worth
1 Atul Gupta$773 million
2Priven Reddy$250 million
3Vivian Reddy$150 million
4David Shapiro$14.4 million
5Ajay Gupta$1.5 million
6Iqbal Survé$1.28 million

Richest Indians in South Africa in 2024

Africa is a land of opportunities blessed with abundant raw materials, and Indians are utilising these opportunities to the fullest. Here is a detailed list of the top 6 richest Indians in SA.

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1. Atul Gupta - $773 million

Atul Gupta in South Africa
Atul Gupta at the New Age offices in Midrand, South Africa. Photo: Kevin Sutherland
Source: Getty Images
  • Full name: Atul Gupta
  • Date of birth: 14 June 1968
  • Age: 55 years old (as of 2024)
  • Place of birth: Saharanpur, Uttar Pradesh

Atul Gupta is a member of the infamous South African Gupta family. Atul is the wealthiest among the three famous Gupta brothers in South Africa. In 2016, he was listed as the 7th richest man in South Africa, placing him as the richest Indian in the nation.

The Gupta family migrated from Uttar Pradesh in India to South Africa in the early 1990s. In 1993, Atul established Sahara Computers, marking the family's first business venture in South Africa. The Gupta family's net worth in 2024 combined is at $900 million.

Where is the Gupta family now?

In 2022, Atul was arrested in Dubai alongside his brother Rajesh and slammed with charges based on money laundering and fraud. After their extradition to South Africa, they have been in detention.

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Despite his travails, Atul has maintained his position as the richest Indian in South Africa. Atul Gupta's net worth is alleged to be $773 million.

2. Priven Reddy - $250 million

  • Full name: Priven Reddy
  • Date of birth: 8 June 1982
  • Age: 41 years old (as of 2024)
  • Place of birth: Durban, South Africa

Priven Reddy was born and bred in Durban, South Africa. He came from a poor background, lost a parent in his tender years, and worked as a cardboard collector, waiter, and car guard.

Priven co-founded Kagiso Interactive Media, serving as the CEO in 2016. In 2017, he launched Kryteum, an AI-enabled cryptocurrency investment coin. Priven Reddy's net worth is alleged to be $250 million.

3. Vivian Reddy - $150 million

  • Full name: Vathasallum Vivian Reddy
  • Date of birth: 22 February 1953
  • Age: 71 years old (as of 2024)
  • Place of birth: Durban, South Africa

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Vivian Reddy is the founder and chairperson of Edison Power Group, an electrical company. He has an interest in casinos, healthcare, financial services, and property development. Vivian also does several charity initiatives in South Africa, such as the Orphans of AIDS Trust Fund. Vivian Reddy's net worth is $150 million.

4. David Shapiro - $14.4 million

David Shapiro in court
David Shapiro testifies during music producer Phil Spector's murder trial in Superior Court in Los Angeles, California. Photo: Gabriel Bouys-Pool
Source: Getty Images
  • Full name: David Shapiro
  • Date of birth: 1948
  • Age: 76 years old (as of 2024)

David Shapiro is the deputy chairman at Sasfin Securities Pty Ltd and the CEO of Sasfin Frankel Pollak Securities in South Africa. His company offer financial services in portfolio management, online investment, and other financial advisories. David Shapiro's net worth is estimated to be $14.4 million.

5. Ajay Gupta - $1.5 million

Ajay Gupta (R) and Atul Gupta (L)
Ajay Gupta (R) and younger brother Atul Gupta at a one-on-one interview with Business Day in Johannesburg, South Africa. Photo: Gallo Images
Source: Getty Images
  • Full name: Ajay Gupta
  • Date of birth: 5 February 1966
  • Age: 58 years old (as of 2024)
  • Place of birth: Saharanpur, Uttar Pradesh

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Ajay Gupta is the older of the Gupta family. He is a principal Rockwell Medical Inc. stock owner and owns about 5,000 units of their stock. Also, Ajay is the Chief Scientific Officer at the company.

During the arrest of his brothers, he cooperated with the officers, evading indictment, and as a result, he remains a free man. Ajay Gupta's net worth is an estimated $1.5 million, with his earnings as the CSO at Rockwell at $736,000.

6. Iqbal Survé - $1.28 million

  • Full name: Iqbal Survé
  • Date of birth: 12 February 1963
  • Age: 61 years old (as of 2024)
  • Place of birth: Cape Town, South Africa

Iqbal Survé is among the richest Indians in South Africa. He is a philanthropist, medical doctor and businessman. He is the chairman of Sekunjalo Investment Holdings, a company that has diversified investment firms. Iqbal Survé's net worth is $1.28 million.

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Who is the richest person in South Africa?

Johann Rupert is the richest man in South Africa, with a net worth of $9.8 billion (R186.7 billion). Rupert is the chairman of Richemont, a Swiss luxury goods company, and Remgro, a South Africa-based company.

Who is the richest Indian family in South Africa?

The Gupta family is considered the richest family in South Africa. Their net worth is alleged to be $900 million. Today, the Gupta family in South Africa owns a range of enterprises, including coal mines, computer businesses, newspapers, and a media outlet.

Are Indians wealthy in South Africa?

Some Indians have invested big in South Africa, which has increased their net worth.

Who are the 5 richest people in South Africa?

The top five richest people in South Africa are Johann Rupert ($9.8 billion), Nicky Oppenheimer ($8.3 billion), Koos Bekker ($2.4 billion), Patrice Motsepe ($2.3 billion) and Michiel Le Roux ($1.1 billion).

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Who is among the top 10 richest Indians?

According to Forbes India, the top 10 richest people in India in 2024 are:

RankNameNet worth
1Mukesh Ambani$116.9 billion
2Gautam Adani$86.2 billion
3Shiv Nadar$36.8 billion
4Savitri Jindal & family$30.9 billion
5Dilip Shanghvi$25.7 billion
6Cyrus Poonawalla$24.2 billion
7Kushal Pal Singh$20.6 billion
8Kumar Birla$19.5 billion
9Ravi Jaipuria$17.4 billion
10Radhakishan Damani$17.2 billion

Which city in South Africa has the most Indians?

The majority of them reportedly live in and around the city of Durban, making it one of the largest ethnically Indian-populated cities outside of India. They descended from labourers and migrants who arrived from British India during the late 1800s and early 1900s.

Many Indians in South Africa are holding up well and are listed among the wealthiest men in the country. The richest Indians in South Africa are worth millions. These people have studied and understood the dynamics of the country's economy and tapped into it to accumulate wealth.

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Favour Adeaga (Lifestyle writer) Dr. Favour Adeaga is an author, speaker, and coach. He graduated with a degree in Mass Communication from The Polytechnic, Ibadan, Nigeria. He did his internship at The Nation Newspaper and taught diploma students in Newspaper and Magazine courses at the Nasarawa State University, Keffi. He has curated the facts and life hacks category since 2018. Dr Favour is the author of several books available on Amazon. He currently lives in Nigeria. Email: favouradeaga@gmail.com

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Adrianna Simwa (Lifestyle writer) Adrianna Simwa is a content writer at Briefly.co.za, where she has worked since mid-2022. She has written for many periodicals on a variety of subjects, including news, celebrities, and lifestyle, for more than three years. She has worked for The Hoth, The Standard Group and Triple P Media. Adrianna graduated from Nairobi University with a Bachelor of Fine Arts (BFA) in 2020. In 2023, Adrianna finished the AFP course on Digital Investigation Techniques. You can reach her through her email: adriannasimwa@gmail.com

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