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The 20 richest people in South Africa 2017

CREDIT: Business Tech SA


The 20 richest people in South Africa 2017


South Africa added to its growing list of dollar billionaires earlier this year, with founder and chairman of PSG Group, Jannie Mouton, joining the list of South Africa’s elite.

Mouton, known as the “Boere Buffett” for his successes on the stock market, was listed as the country’s eighth dollar billionaire by Forbes in its annual Billionaire List for 2017.

And while the fortune’s of the seven men above Mouton on the list are well documented, Entrepreneur Magazine has compiled a more extensive list detailing the wealth of the top 28 South Africans including the likes of deputy president, Cyril Ramaphosa; former MTN executive, Irene Charnley; Discovery founder, Adrian Gore; and the wealthiest woman on the list, Pam Golding.

SA Deputy President, Cyril Ramaphosa

Commercial and residential property group, Knight Frank recently published its Wealth Report  for 2017, revealing the number of high net worth individuals in the country.

According to Knight Frank, SA had 40,400 dollar millionaires in 2016, with as many as 18,200 living in Joburg, and as many as 320 individuals with wealth exceeds $30 million (R395 million).

Cape Town’s dollar millionaire total in 2016 was 8,200, while it also has 180 uber-rich residents who have wealth exceeding $30 million.

BusinessTech lists the top 20 richest South Africans as identified by Entrepreneur Magazine.

NameNet WorthSource of wealth
Nicky OppenheimerR95.2 billionDiamonds
Johann RupertR83.0 billionRetail
Christo WieseR76.2 billionRetail
Ivan GlasenbergR65.3 billionCommodities
Koos BekkerR28.6 billionMedia
Patric MotsepeR24.5 billionMining
Allan GrayR24.5 billionWealth Management
Stephen SaadR16.3 billionPharmaceuticals
Jannie MoutonR13.6 billionBanking
Pam GoldingR11.0 billionProperty
Laurie DippenaarR8.5 billionBanking
Michiel le RouxR7.2 billionBanking
Raymond AckermanR6.9 billionRetail
Adrian GoreR6.7 billionFinancial Services
Cyril RamaphosaR6.4 billionInvestments
GT FerreiraR5.8 billionBanking and Insurance
Gus AttridgeR5.7 billionPharmaceuticals
Markus JoosteR5.6 billionRetail
Wendy AppelbaumR4.7 billionInsurance and Proptery
Desmond SaccoR4.7 billionMining

Asuquo Eton founded, now one of the most visited TV, music, tech and features website, in 2011. He is also a social media analyst, media and entertainment consultant.

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