Top 10 Richest Men In South Africa (2023)

South Africa has some top rich men who have been very successful and wealthy. These top rich men in South Africa have good and outstanding net worths that a lot of people crave.

There have been several rising questions on who are the richest men in South Africa. Though there are over hundred rich men in South Africa this article is meant to answer the curiosity about knowing the top 10 richest men in South Africa.

On the list of these richest men in South Africa has several men who are good examples of what people call from grass to grace. This means that some of these men were not born with a silver spoon.

Moreover, the richest men in South Africa serve as a source of inspiration to others because even though they faced some difficulties at the beginning, they did not give up.

The table below answers the question of who the top 10 richest men in South Africa are with their estimated net worths:

1. Johann Rupert

Johann Rupert with an estimated net worth of $9.3 billion is the richest man in South Africa.

Rupert is an entrepreneur, the eldest son of a business tycoon, Anton Rupert, and the chairman of Richemont  (a Swiss luxury goods company) and Remgro (a South African corporation).

Rupert completed his business apprenticeship in New York City, working for two years at Chase Manhattan and three years at Lazard Freres.
In 1979, he returned to South Africa and formed Rand Merchant Bank, where he served as CEO.

2. Nicholas F. Oppenheimer

The South African billionaire and businessman Nicholas F. Oppenheimer is the second richest man in South Africa.

Nicholas F. Oppenheimer was formerly the chairman of De Beers diamond mining company and of its subsidiary, the Diamond Trading Company, and former deputy chairman of Anglo American.

In 2018, Sunday Times Rich List Oppenheimer as the 23rd richest person in the United Kingdom, with a reported fortune of £5.5 billion.

However, he was ranked as the richest person in South Africa on the Forbes list of The World’s Billionaires for 2019, with a fortune reported as US$7.3 billion and, again, on its 2020 list, with a reported fortune of US$7.6 billion in August 2020.

Currently, he is one of the richest men in South Africa with a net worth of $8 billion.

3. Christoffel Wiese

80-year-old South African businessman Christoffel Wiese is one of the wealthiest men in South Africa. Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa and expanding into other African countries.

After practicing law at the Cape Bar for some years, Wiese started working as a Director at Pepkor, the discount clothing chain that his parents helped to found.

It was under his leadership that Shoprite started out as a chain of eight supermarkets in Cape Town that was purchased for 1 million rands.

He is the executive director of South African retail giant Shoprite.

Wiese is married to Caro and the couple has three children.

His other properties include a private game reserve in the Kalahari Desert and the prestigious wine producer, the Lourensford Estate.

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4. Patrice Tlhopane Motsepe

The President of the Confederation of African Football Patrice Tlhopane Motsepe is among the richest men in South Africa. He is a South African billionaire businessman who has his main interest in mining.

Patrice Tlhopane Motsepe is the founder and executive chairman of African Rainbow Minerals which has interests in gold, ferrous metals, base metals, and platinum.

His career started in the year 1994 the same year Nelson Mandela was elected as the president of the country. While the new government of Nelson Mandela began promoting black empowerment and entrepreneurship and became the first black partner in the law firm Bowman Gilfillan.

The 60-year-old man and his wife Dr. Precious Moloi are blessed with three children.

READ ALSO: South African woman gives birth to 10 babies at once.

5. Koos Bekker

Among the Richest Men In South Africa is Koos Bekker with an estimated net worth of $2.4 billion. Koos Bekker is a South African businessman and chairman of Naspers media group.

His business has 130 international locations and is traded on the Johannesburg and London Stock Exchanges.

Koos Bekker began his career in advertising.  After a few years of advertising founded one of the first two pay-television services outside of the US. M-Net with his colleagues.

In 1997 Bekker became CEO of Naspers, one of the initial investors in the M-Net/Multichoice group.

With an estimated net worth of $2.3 billion, Koos Bekker is on the top list of the richest men in South Africa.

READ ALSO: Meet Johann Rupert, The Richest Man In South Africa (2022)

6. Michiel Le Roux

Michiel Le Roux is on the top list of the richest men in South Africa. He is the founder of Capitec Bank and served as the chairman of the board from 2007 to 2016.

The South African billionaire made his wealth from banking. However, he previously ran a small regional bank in Cape towns hinterland called Boland bank.

Currently, he owns about an 11% stake in Capitec Bank according to Forbes. With an estimated net worth of $2 billion, Michiel Le Roux is one of the richest men in South Africa.

READ ALSO: Top 10 Richest Politicians in South Africa (2022)

7. Allan Grey

On the list of the top 10 wealthiest men in South Africa is Allan Gray a businessman and philanthropist who founded an investment company named after him.

After graduating from Harvard business school in 1965, Gray worked at Fidelity management and research for eight years where he built a reputation for being a successful investor.

He returned to South Africa in 1973 to find what would become Allan Gray Limited in Cape Town. Allan Gray is an investment management company from South Africa founded by Allan Grey in 1973. The company has offices in other different parts of Africa.

Though he died at 80 in 2019, he still tops the list of the top 10 richest men in South Africa.

8. Stephen Saad

The founder of the Aspen pharmaceutical maker Stephen Saad is one of the richest men in South Africa with an estimated net worth of $1.4 billion.

He founded the Aspen pharmaceutical maker in 1997 and it is counted among the largest pharmaceutical companies.

The South African billionaire was born in South Africa on 23 June 1965. His company produces the largest producer of generic medicines in Africa.

9. Ivan and Lynette Saltzman

Ivan and Lynette Saltzman are billionaire couples who are among the richest men in South Africa.

Moreover, the billionaire couple co-founded a pharmaceutical company named Dischem in 1978. Dischem was founded when they recently opened their first retail pharmacy in Mondeor, south of Johannesburg, South Africa.

Currently, the couple’s net worth is estimated to be $1 billion.

10. Jannie Mouton

Johannes Mouton is a South African billionaire businessman, founder, and chairman of PSG Group. Mouton started his career age of 22 as an articled clerk and as a chartered accountant in 1973.

However, he founded PSG Group after he was fired as a managing partner by a stockbroker in a firm he co-founded.

Rounding off the list of the top 10 richest men in South Africa is Johannes Mouton is not by mistake due to his good net worth of $1 billion.

Graphical Representation of the richest men in South Africa:

Below is a summarised list of the top 10 richest men in South Africa:

1. Johann Rupert
2. Nicholas F. Oppenheimer
3. Christoffel Wiese
4. Patrice Tlhopane Motsepe
5. Koos Bekker
6. Michiel Le Roux
7. Allan Grey
8. Stephen Saad
9. Ivan and Lynette Saltzman
10. Jannie Mouton