Popular, Rich List

The Richest People in South Africa

2) Nicky Oppenheimer – $6.7 Billion

After cashing out of the diamond business, Nicky Oppenheimer is exploring opportunities in investing. His family ended its 85-year reign in diamond business – De Beers in 2012 when Nicky sold his 40% stake for $5.1 billion. A company founded by Nicky’s grandfather, now controls 85% of De Beers; with the remaining 15% under the control of the government of Botswana.

He served on the board of Anglo American for 37 years till 2011, and he still retains an estimated 1.8% stake in the company. Now, he’s turning to private equity through his company – E. Oppenheimer & Son, which controls investment arms Stockdale Street Capital and Tana Africa Capital, a joint venture with the Singaporean Government-owned investment firm Temasek.

Nicky Oppenheimer

1) Johann Rupert – $7.4 Billion

The richest man in South Africa. Johann Rupert – Luxury goods magnate is chairman of Compagnie Financiere Richemont.

Johann Rupert owns a 7% stake in Remgro, which he chairs, as well as 25% of Reinet, a Luxembourg based investment holding company that has a stake in British American Tobacco Company. He is also part-owner of the Saracens English Rugby team and Anthonij Rupert Wines, which was named after his deceased brother.

In recent times, Rupert has taken up the role of activist as he is a vocal opponent of plans to allow fracking in the Karoo, a semi-desert region of South Africa where he owns land. The Afrikaner worked for a time at Chase Manhattan Bank and Lazard Frères in New York before starting out on his own.

Johann Rupert

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