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South Africa is one of the African countries that boast of dollar billionaires. By “dollar billionaires’’, it is understood that a person’s wealth must have reached the milestone of US$1 billion before he/she may be called a global billionaire. { South African Billionaires List 2018 }.

South Africa has been buttressed with a vibrant business sector which comprises wealthy businessmen such as Nicky Oppenheimer and Johann Rupert. Year after year, Nicky Oppenheimer, and Johann Rupert have maintained the first position and the second position respectively. With the net worth of $1.81 billion, Patrice Motsepe remains the only black billionaire in South Africa.

With the information above, it is clear that the class of South African billionaires is dominated by white South Africans who have built massive business empires and steered the business sector into development. Finally, below are the South African Billionaires list for 2018.



Nicky Oppenheimer

  • 1. Nicky Oppenheimer

    • Net Worth: $7.6 Billion

Nicky Oppenheimer is a business tycoon regarded as the richest person in South Africa. He is a South African who descended from Germany. His fame distinguishes him as a fortunate businessman who contributes to charitable causes through the donation of money. In the past, Nicky Oppenheimer served as the Chairman of De Beers –a South African company concerned with diamond mining. Also, Nicky Oppenheimer previously took the role of Deputy Chairman of the Anglo American Corporation. With the net worth of $7 billion, Nicky Oppenheimer is South Africa’s richest billionaire as well as the second richest man in Africa.

Johan Rupert Among The South African Billionaires List 2018

Johan Rupert Among The South African Billionaires List 2018

  • 2. Johann Rupert

    • Net Worth: $ 6.9 Billion

Johann Rupert is a prominent businessman considered the second richest billionaire in South Africa. He is the oldest son of Anton Rupert –his father and South African business mogul. Johann Rupert is a graduate of Stellenbosch University and has made his mark in the business sphere. The source of his wealth is mainly attributed to his role as the chairman of Richemont –a Swiss company concerned with luxury goods. In addition to that, Johann Rupert serves as the chairman of Remgro –a South African company.

Johann Rupert is a 67-year-old man blessed with three children namely Hanneli Rupert, Anton Rupert Jr., and Caroline Rupert. Currently, his net worth is estimated at $6.9 billion.

Christoffel Wiese

  • 3. Christoffel Wiese

    • Net Worth: $3.9 Billion

Christoffel Wiese is the third wealthiest South African billionaire with the net worth of $3.9 billion. He was born in 1941 in the South African region of Upington and currently, he resides in Brackenfell, Cape Town.

Christoffel Wiese (who graduated from University of Stellenbosch) is a fortunate businessman who has made his mark in the service of customer retail. He is the chairman of Pepkor with a total of 44% stake in the company. Having graduated from the University of Stellenbosch, Christoffel Wiese joined the Cape Bar to practice law. After his spell at Cape Bar, he joined Pepkor where he served as a director. Meanwhile, Wiese’s parents were co-founders of Pepkor.

Under Christoffel Wiese’s management of Shoprite, the retail business was established in Cape Town with a total of eight supermarkets but today, Shoprite has evolved into a multi-billion dollar retail business with a chain of numerous supermarkets. As a married man, Christoffel Wiese is blessed with three children –two of whom are daughters.

Koos Bekker Among The Wealthiest

  • 4. Koos Bekker

    • Net Worth: $2.6 Billion

Koos Bekker is a 64-year-old businessman and chairman of Naspers –a giant media group in South Africa. Naspers is a global company with effective business operations in 130 countries. Under Koos Bekker’s leadership, Naspers has appeared on the Stock Exchanges of Johannesburg and London. Outside of China and the US, Naspers is declared with the highest market capitalization owned by any media group.
Koos Bekker, who graduated from the University of the Witwatersrand, is blessed with four children and his net worth of $2.5 billion makes him the 4th richest billionaire in South Africa.

  • 5. Patrice Motsepe

    • Net Worth: $ 2 Billion

Patrice Motsepe

Patrice Motsepe is a black South African born in Soweto, South Africa. He is a 55-year-old businessman who graduated from University of the Witwatersrand and University of Swaziland. Patrice Motsepe, who is married to Precious Moloi with 3 children, is one of South Africa’s richest philanthropists. His business role distinguishes him as the originator and executive chairman of African Rainbow Minerals –a mining company concerned with base metals, ferrous metals, gold, and platinum.

Besides business, Patrice Motsepe has interests in a number of other activities including sport. With respect to this, he acquired Mamelodi Sundowns (a South African football club) in 2003. With the estimated net worth of $1.88 billion, Patrice Motsepe is certainly the richest black South African and the only South African billionaire of black descent.

  • 6. Allan Gray

    • Net Worth: $1.69 Billion

Allan Gray

Allan Gray is a self-made billionaire who is popularly known as a philanthropist, investor, and business tycoon. Besides being a South African billionaire, Allan Gray is among the richest Africans. He is the owner and originator of Allan Gray Investment Management –a reputable asset management company.

Apart from his business role, Allan Gray is highly regarded for his philanthropic contributions to the welfare of the people. Through his charity-based organizations (Allan and Gill Gray Charitable Trust and Allan Gray Orbis Foundation), Allan Gray has made a significant mark as one of South Africa’s philanthropists. Currently, he is estimated with the net worth of $1.79 billion.

  • 7. Stephen Saad

    • Net Worth: $1.21 Billion


Stephen Saad is an eminent South African billionaire born in Durban, South Africa. He is a 53-year-old business mogul who graduated from the University of Natal with a B Sc degree in Commerce. His business fortune is mainly attributed to his establishment and management of Aspen Pharmacare –Africa’s largest manufacturer of generic medicines. Stephen Saad began his business career by working at Quickmed –a distribution company concerned with drug prescription. He became a South African millionaire after the sale of his $3 million stakes in Covan Zurich. With the net worth of $1.27 billion, Stephen Saad manages to fit into the clique of South African billionaires.

  • 8. Jannie Mouton

    • Net Worth: $1 Billion

With the net worth of $1 billion, Jannie Mouton is the last person on the list of South African billionaires 2017. He is a successful South African who originated and chairs PSG Group –an operative company concerned with education, agriculture, private equity, banking and financial services. Each of Jannie Mouton’s sons is a board member of PSG. Piet Mouton –one of Janie’s two sons –serves as the Chief Executive Officer of PSG.

That’s all on the South African Billionaires List 2018.


Tags: The South African Billionaires List 2018

Updated: February 17, 2018 — 9:12 pm

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