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South Africa by Leo Moko/

10 Wealthiest People from South Africa

Almost three decades after the end of apartheid, race remains a key driver of high inequality in South Africa, due to its impact on education and the labor market.

South Africa is the most economically unequal country in the world, according to the World Bank.

The difference between the wealthy and poor in South Africa has been increasing steadily since the end of apartheid in 1994, and this inequality is closely linked to racial divisions in society.

According to the research data, among South Africa’s adult population of approximately 35.4 million people, the average wealth held in a personal capacity is R326,000.

1. Ivan Glasenberg

Ivan Glasenberg in May 2012 during a plenary debate by Unknown Arthur/

Ivan Glasenberg is a South African business executive and former chief executive officer of Glencore, one of the world’s largest commodity trading and mining companies.

Glasenberg turned the Anglo-Swiss miner into the world’s fourth-largest mining group at the time with significant operations in copper, nickel, and coal.

Glasenberg took the world’s biggest commodity trader public in 2011, raising around $10 billion in a mammoth dual IPO in London and Hong Kong.

Ivan married Elana Beverley Orelowitz in 1984, The couple has two children one of them being a beautiful Ivan Glasenberg daughter.

2005, Ivan was named a key figure in the affairs of Mark Rich & Co. AG was owned by Marc Rich.

2. Johann Peter Rupert

Johann Peter Rupert is a South African billionaire businessman, who is the eldest son of business tycoon Anton Rupert and his wife Huberte.

He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro.

He’s the second wealthiest person in Africa and South Africa’s richest citizen with an US$8 billion net worth; his mansion in Cape Town is worth US$2 million.

In 2018 Rupert caused some controversy in South Africa for comments he made during an interview with Power FM.

He was criticized for denying the alleged existence of white monopoly capital, his account of the process of Afrikaner economic-upliftment.

3.Nicholas F. Oppenheimer

Vladimir Putin visits De Beers chairman Nicky Oppenheimer by Kremlin/

Nicholas F. Oppenheimer is a South African billionaire businessman. He was formerly the chairman of De Beers diamond mining company and its subsidiary.

He owns at least 720 square miles of conservation land across South Africa, Botswana, and Zimbabwe.

Oppenheimer, the former chairman of De Beers diamond mining company, sold his 40% of the firm to mining group Anglo American for $5.1 billion in cash in 2012.

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

Today the Foundation now has a wider African focus and aims to find ways to draw the investment needed for continental regeneration and prosperity.

Nicky Oppenheimer’s net worth is $6.7 billion which makes him one of the richest people in South Africa.

4. Patrick Soon Shiong

Patrick Soon-Shiong is a Chinese-South African transplant surgeon, billionaire businessman, bioscientist, and media proprietor.

Medical doctor Patrick Soon-Shiong invented the cancer drug Abraxane. It became a blockbuster thanks to its efficacy against pancreatic cancer.

US biotech billionaire Patrick Soon-Shiong launched a plant that will produce a billion Covid-19 vaccine doses a year in Cape Town by 2025.

The plant would make it the biggest such factory in Africa and could help the least vaccinated continent tackle the pandemic.

Soon-Shiong is married to former actress Michele B. Chan. They have two children and live in Los Angeles, California, he is an avid basketball and football fan.

5. Patrice Tlhopane Motsepe

Football by Connor Coyne/

Patrice Tlhopane Motsepe is a South African mining billionaire businessman. Since 12 March 2021, he has been serving as the President of the Confederation of African Football.

In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa.

Despite having grown up in the apartheid era, Motsepe fared better than many other South African blacks.

In 2002 Dr. Motsepe was voted South Africa’s Business Leader of the Year by the chief executive officers of the top 100 companies in South Africa.

Motsepe is married to Dr. Precious Moloi, a physician and fashion entrepreneur, and they have three children.

6.Jacobus Petrus Bekker

Jacobus Petrus “Koos” Bekker is a South African billionaire businessman and the chairman of the media group Naspers.

The company operates in 130 countries and is listed on the London Stock Exchange and Johannesburg Stock Exchange.

He is also one of the founding directors of the mobile communication company MTN, created in 1994.

Today, he is one of the African billionaires according to Forbes, he has a net worth of $2 billion. He is married, with two children, and resides in Cape Town, South Africa.

7. Michiel Le Roux

Money by Dimitry Demidko/

Michiel Le Roux is a South African banker and billionaire. He founded Capitec Bank in 2001 and worked as the CEO until 2004.

As shares in the leading African bank Capitec Bank continue to rise on the Johannesburg Stock Exchange, South African billionaire Michiel Le Roux’s net worth has risen.

He served as chairman of the board of Capitec from 2007 to 2016 and has continued as a board member.

He has an estimated net worth of over 1 billion US dollars making him one of the richest men in South Africa.

8. Christoffel Wiese

Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa and expanded into other African countries.

He also owns 18% of publicly-traded Shoprite Holdings, which has supermarkets and furniture stores in 15 countries across Africa.

The corporate fraud at Steinhoff International Holdings NV that cost the 78-year-old much of his fortune coupled with the coronavirus outbreak.

9. Stephen Saad

Stephen Saad founded South Africa’s largest pharmaceuticals maker, Aspen Pharmacare, in 1997.

He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million.

In October 2016, Saad won the Entrepreneur of the Year award at the All-Africa Business Leaders Awards gala.

10. Lynett and Ivan Saltzman

The Saltzman family of South Africa has recorded a paper gain of R2.4 billion, as shares in the South African retail pharmacy chain, Dis-chem, surged by 21.5 percent.

They’re best known as the co-founders of renowned retail pharmacy chain Dis-Chem, but for married couple Lynette and Ivan Saltzman, true success lies in the ability to give back to others.