Most of the richest families in South Africa are known for investing in the telecommunication and mining sectors through which they make their enormous profits. Being a member of a rich family is enough to make one feel the enjoyment and happiness Isn’t it? Have you ever wonder about that? Among the enjoyment lies in the bounties of opportunities that you will be exposed to. You know, being a member of a reputable family. If you are not a member, it is not the end of the World. In fact, have you ever wonder how some families gather their wealth? You must know that they actually went a lot before they were able to gather their riches. They say to be a man is not a day job and so is the building of a family dynasty. To build a family dynasty that will be considered rich in the nearest future, the work as to start now even at the youngest of age.
Which Family Is The Richest Family In South Africa? Africa is also highly endowed with rich families just like other continents in the World. Countries like South Africa, Nigeria, however, are also endowed with families that are influential and wealthy enough. Even though most of these families got their money without depending on the government, they are actively involved in increasing the stability of Africa’s economy by providing job opportunities, construction of well-equipped infrastructure, and many more. South Africa, being a country in Africa, is one of the most developed countries in the continent as a result of its stabilized economy.
In this article, we are going to be taking a tour of the richest families in South Africa. You just sit back and browse through our content to enjoy the session. Even though there are many rich individuals in the country, we are mainly concerned about the wealthiest families in South Africa, which include:
Top 10 Richest Families in South Africa 2020
1. The Oppenheimer Family
The richest family in South Africa is Nicky Oppenheimer’s family and the family is a major player in the diamond industry. With Nicky Oppenheimer as her heir, the family has a diamond mining industry known as De Beers Diamond Mining Group. It is a common belief in South Africa that most of the fortune of the family arises from the company. Forty (40) percent, summing up to about $5.1 Billion, of the company’s share was later sold to another diamond mining group known as The Anglo American.
Nicky Oppenheimer also owns Fireblade Aviation which is a fleet of three planes and a helicopter running chartered flights that play a major role in the aviation environment of South Africa. He also owns the Tswalu Kalahari Reserve and pieces of conservation land in the country. Because of the role Nicky Oppenheimer is playing in the family, the family tops the list of richest families in South Africa. Other important figures include Harry Oppenheimer, De Beer, etc.
2. The Rupert Family
On our list of the richest South African Family is the Rupert Family, which is a famous family from Stellenbosch, SA. Among the important icon of this family is Anton Rubert, who is married to Hubert Rupert with whom they raised three children: Johann, Antonij, and Hanneli. The two have been famous mostly due to their philanthropic activities with which they wish to contribute their quotas to the development of the economy.
Johann Rupert is the chairman of Compagnie Financiere Richemont which is a firm known for dealing with luxury goods from Swiss. In addition, he is also famous for brands like Montblanc and Cartier. He was once a shareholder in Remgro Limited where he has 7% shares. He however sold it and use the fund to form his company. Additionally, he has a 25% share in Reinet, an investment holding company, a certain percentage in Saracens English Rugby Team, and also has a company that he prefers to name after his brother called Anthonij Rupert Wines. He was once approached to purchase 50% of the shares of Gucci, which he specifically declined.
In a survey done by Forbes, they were ranked among the top among the 500 Wealthiest People Worldwide with a net worth of about $5.1 Billion. The Rupert Family owns luxurious brands such as Mont Blanc, Dunhill, and the Infamous Cartier. Apart from that, they also have ownership in the beverages company controlling up to a fifth of the wine market. Even in the health sector, the Rupert Family has a property-Mediclinic.
3. Bekker Family
When it comes to the media industry, Koos Bekker’s Family is a key player. With Koos Bekker as the major player, the family is well known for transforming the South African newspaper publisher known as Naspers. Koos Bekker transformed the newspaper publisher into a Cable TV powerhouse and an investor in e-commerce. This company is known for generating a fortune for Koos Bekker and his family. Through Koos in 2001, the company invested in a Chinese Internet and Media firm known as Tencent. Hence, the company owns a 31 percent share of the company. He was the Chief Executive Director of the company till 2014 after which he went back to serve as the Non-Executive Director in 2015.
The estimated net worth of the philanthropist by Forbes is $2.3 Billion. Other prominent icons include Amore Bekker, Andries Bekker, Byron Bekker, Daniel Bekker, Jaco Bekker, etc.
4. Motsepe Family
Being the richest black family in South Africa and the fourth richest man in the country, the family is known for accumulating her wealth in the mining business. Having Patrice Motsepe as the major player, the family is the founder of African Rainbow Minerals with Patrice as the Chairperson. Apart from being a major player in the mining business, the family also has a share in a finance firm known as Sanlam. In addition, Patrice also owns a football club known as Sundowns Football Clubs. The family’s fame rose significantly when Patrice bought the gold mine shafts in 1944.
In 2012, there was a time, he has tagged the richest man in South Africa, topping with an estimated net worth of $2.5 Billion. However, it seems his net worth has decreased to $1.9 billion presently. Through the philanthropic activities of the family, they have established an array of industries in order to provide employment opportunities for the populace and also have helped in the construction of useful infrastructure.
5. Le Roux Family
On our list is the banking family that has contributed immensely to the development of the country and the whole of Africa at large through the establishment of a World-class Bank that provides services to South Africans and non-South Africans.
In fact, the key figure in the family known as Micheal Le Roux is a board member in the bank. Additionally, the bank was founded by him in 2001 and the family currently owns about 11 percent of the bank’s share. Before serving in the bank as the chairman between 2007 and 2016, he uses to serve at Boland Bank, which is located in Cape Town’s hinterland. Forbes calculated his net worth to be $1.3 Billion.
6. Allan Gray Family
The family that is known for making a fortune out of the business industry is Allan Gray’s Family. In fact, it is a common belief in South Africa that the family rose financially because of the ability to perform very well in the industry. The major key figure in the family was Allan Gray (died on November 10th, 2019) and he was an Alumnus of Rhodes University. Being a business magnate, he was responsible for founding The Allan Gray Investment Management. The family is also among the families known for running a non-governmental organization that provides free services for the citize4ns of South Africa. Currently, the family owns the Allan Gray Orbis Foundation and The Allan Gray Charitable Trust.
7. Stephen Saad Family
The sixth richest family in South Africa is Stephen Saad’s family and the family is known as a major player in the business world. The major key figure and the driver of most of the income is Stephen Saad. Stephen Saad is a business magnate and also the chief executive officer and founder of Aspen Pharmacare. The company is very famous in South Africa for being the largest producer of generic medicine in Africa. Before venturing into business, Stephen fulfilled the urge to become an accountant first. The family sent him to the University of Natal to obtain his first degree in Commerce, after which he relocated to Ireland to become a chartered accountant.
8. Christoffel Wiese Family
The Christoffel Wiese Family has been known for accumulating her wealth from the retail sector in South Africa. With Christoffel Wiese as the major key figure, the family is the largest single shareholder of the biggest retail store as well as the chain of ‘Shoprite’ supermarket. Additionally, Christoffel Wiese is the chairman and shareholder of Pepkor. The family is also a shareholder in the other seven companies that trade publicly. It is a common belief that it was because of the family’s passion for investment that earned her a spot in the list of wealthiest families in SA.
9. Jannie Mouton Family
With Jannie Mouton as the major key player, Jannie Mouton’s family is a prominent investor in South Africa. Jannie Mouton is the chairperson and founder of the PSG group. The group is one of the most successful investment companies in the country. Additionally, the family is famous for dealing with private equity, education, agriculture, and financial services. Despite being a co-founder in some firms including Senekal, Mouton, and Kitshoff, he was fired and this hardened his desire of making investment in other companies. In fact, it was the situation that pushed him to actualize the idea of the PSG group.
10. Laurie Dippenaar Family
When it comes to self-made millionaires in the country, it is important to mention Laurie Dippenaar’s Family. With Laurie as the major key figure, the family is known for investing in numerous companies. Laurie Dippenaar is a businessman, chartered accountant, investor, and a banker. He founded Firstrand Limited after collaborating with GT Ferreira. The bank is one of the richest banks in South Africa today.
Closing On The Wealthiest Families In South Africa
One of the major features of the richest families in South Africa is their passion for making investments in other firms or companies. In addition, most of them are players in profitable sectors like the mining sectors, retail sectors, and many others.
In this article, we’ve presented to you the top 10 wealthiest families in South Africa. However, please note that there might be other families that are richer than those stated but due to low/no information about them, they were not stated. Even though most of the families strive hard to make ends meet, they have also been actively involved in philanthropic activities. Also, note that these families are doing a lot of work in order for them to be able to maintain their status in the economy, and as such any small mistake can destroy the good works.
I believe the answer to the question ‘WHICH FAMILY IS THE RICHEST FAMILY IN SOUTH AFRICA’ has been treated with justice. I hope you find the article worthy of reading. Have a nice day ahead.
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