South Africa's Richest People

Elon Musk is a pioneering tech entrepreneur, inventor, and CEO known for revolutionizing electric vehicles with Tesla, advancing space exploration with SpaceX, and shaping the future of transportation with ventures like The Boring Company. Musk is one of the wealthiest individuals globally, driving innovation in diverse fields such as renewable energy, artificial intelligence, and transportation.

A titan of South African industry, Johann Rupert has expertly steered the fortunes of luxury goods conglomerate Richemont, a company renowned for its prestigious brands in jewelry, watches, fashion, and writing instruments. Born into a family with a strong entrepreneurial legacy, Rupert inherited and expanded upon his father Anton Rupert's business empire. Beyond Richemont, his influence extends through Remgro, an investment holding company with diverse interests spanning banking, healthcare, and consumer products. Known for his astute business acumen and often outspoken views on economic and social issues in South Africa, Rupert maintains a relatively private profile despite his significant public standing. His leadership has been instrumental in positioning Richemont as a global leader in the high-end market, navigating the complexities of international commerce and evolving consumer preferences.

The name Oppenheimer resonates deeply within the history of South African mining, particularly in the realm of diamonds. Nicky Oppenheimer represents the third generation of this influential family to lead the De Beers diamond mining company. For decades, the Oppenheimer family held a dominant position in the global diamond trade, shaping the industry and contributing significantly to South Africa's economic landscape. While the family's direct control over De Beers has since transitioned, Nicky Oppenheimer remains a figure of considerable wealth and influence. His legacy is intertwined with the intricate history of diamond mining in the region, a story marked by both immense prosperity and complex social implications. Today, he focuses on conservation efforts and philanthropic endeavors, channeling his resources towards preserving Africa's natural heritage and supporting various social causes.

Ivan Glasenberg is a prominent businessman and former CEO of Glencore, one of the world’s largest commodity trading and mining companies. He played a crucial role in expanding the company’s global reach, making it a powerhouse in the industry, with diverse operations in natural resources such as coal, oil, and metals. Glasenberg is known for his strategic business decisions and leadership in the commodity sector.

Patrick Soon-Shiong is a renowned South African-born American surgeon, medical researcher, and entrepreneur. He is the founder of NantWorks, a network of healthcare companies focused on developing innovative treatments for cancer and other serious diseases. Soon-Shiong is also recognized for his philanthropic efforts, contributing extensively to medical research and healthcare initiatives.

Having served as the chief executive officer of Naspers for nearly two decades, Koos Bekker is widely credited with transforming the South African publishing house into a global internet and media powerhouse. His visionary leadership saw Naspers make an early and incredibly lucrative investment in the Chinese technology company Tencent, a move that has generated enormous returns and significantly elevated Naspers' international standing. Bekker's strategic foresight and understanding of the burgeoning digital landscape were instrumental in this transformation. Though he stepped down as CEO in 2014, his impact on Naspers and the broader technology investment world remains profound. His tenure is remembered for bold decisions and a keen eye for identifying high-growth potential in emerging markets, particularly in the rapidly evolving internet sector.

A trailblazer in the South African mining sector, Patrice Motsepe has carved out a remarkable success story through his company, African Rainbow Minerals (ARM). Demonstrating exceptional entrepreneurial drive, Motsepe transformed a modest mining services business into a diversified mining giant with interests in platinum, gold, ferrous metals, and coal. His journey is particularly noteworthy as he was one of the first black South Africans to enter the mining industry at a senior level following the end of apartheid. Beyond his business achievements, Motsepe is also recognized for his philanthropic commitments through the Motsepe Foundation, which supports education, healthcare, and poverty alleviation initiatives. Furthermore, his passion for sports is evident in his ownership of the Mamelodi Sundowns Football Club, one of the most successful teams in South Africa.

The astute businessman behind Capitec Bank, Michiel Le Roux, has significantly disrupted the South African banking industry. Recognizing a gap in the market for a more accessible and affordable banking model, Le Roux played a pivotal role in establishing Capitec as a major player. The bank's innovative approach, focusing on simplicity, transparency, and lower fees, resonated with a large segment of the population, leading to rapid growth and challenging the dominance of more established institutions. Le Roux's entrepreneurial spirit and understanding of consumer needs were crucial to Capitec's success. While he may maintain a lower public profile compared to some other business leaders, his impact on the financial lives of millions of South Africans through Capitec Bank is undeniable and has earned him a place among the country's wealthiest individuals.

A prominent figure in the South African property development sector, Douw Steyn has left an indelible mark on the landscape with his ambitious and large-scale projects. He is best known for the creation of Steyn City, a sprawling and luxurious mixed-use development north of Johannesburg, which exemplifies his vision for creating self-contained, high-quality urban environments. Steyn's career has been characterized by a bold approach to development, often involving significant investment and innovative design concepts. His ventures have not only generated substantial wealth but have also contributed to shaping the urban sprawl and lifestyle offerings in the Gauteng province. Through his various property endeavors, Steyn has demonstrated a keen understanding of market trends and a commitment to creating distinctive and sought-after residential and commercial spaces.

Christoffel Wiese is a seasoned South African businessman, best known for his role in Pepkor, a major retail group. He has interests spanning fashion, wine, and stock trading, and is considered one of the wealthiest individuals in South Africa. Wiese’s strategic investments have made him a significant figure in the country’s business landscape.

Often hailed as the 'Boere Buffett,' Jannie Mouton is a highly respected figure in the South African investment community. He founded the PSG Group, an investment holding company with interests in financial services, banking, education, and agriculture. Mouton's investment philosophy, characterized by a long-term perspective and a focus on value investing, has proven remarkably successful over the years. His astute stock-picking abilities and his knack for identifying promising businesses have earned him a legendary status among investors in South Africa. Mouton's down-to-earth approach and his willingness to share his insights have made him a popular and influential voice in the financial markets. His legacy is one of shrewd investment decisions and the creation of a diversified and enduring investment group that continues to generate value.

Desmond Sacco is a prominent South African mining magnate and the executive chairman of Assore, a leading mining company focused on mining, processing, and trading minerals. Sacco is recognized for his leadership in the mining sector and his ability to navigate through fluctuating global commodity prices.

Rob Hersov is a prominent South African entrepreneur and investor, known for his substantial influence across various industries, including aviation, media, luxury goods, and mining. With an estimated net worth of R19.1 billion, his wealth stems from ventures like Marquis Jet Europe, which he founded in 1998, and African Gold Acquisition Corporation, focusing on mergers and acquisitions in the gold mining sector. Hersov’s diverse portfolio also includes luxury fractional yacht ownership through YachtPlus and strategic investments in companies like Ichor Coal and Amatheon Agri. His role in Invest Africa and The Sapinda Group further underscores his position as a leading figure in global investment.

Alph Lukau, founder of Alleluia Ministries International, is widely known for his charismatic presence and teachings. With a reported net worth of $1 billion, he's often considered the richest pastor in South Africa. His ministry has a strong international footprint, attracting followers from all over the world. Known for his luxurious lifestyle and headline-making moments, Lukau has built a brand around faith, healing, and prosperity. Whether preaching to thousands or hosting global events, his influence in the religious world continues to grow along with his extraordinary wealth.

Morgan Mohlala’s name is known more for luxury and lifestyle than for business specifics. Though he operates within the entrepreneurial space, much of his public image centers around high-end fashion, flashy vehicles, and extravagant parties. He often trends on social media for his bold statements and spending habits. While his net worth isn’t officially documented, it’s clear that he enjoys access to significant resources. Mohlala’s persona represents a new-age business influencer whose popularity stems from visibility, lifestyle branding, and digital clout rather than traditional corporate accomplishments.

Simon Malatji stands out with a staggering net worth of $1 billion, making him one of South Africa’s wealthiest football club owners. Known for his massive investments and silent influence, he’s associated with high-stakes ventures beyond sports. Malatji keeps a low public profile, yet his financial power shapes major decisions behind the scenes. His backing has strengthened infrastructure, scouting, and development in football. Though not a vocal figure, his strategic moves and deep pockets have left a lasting mark on how football blends with serious business.

As the co-founder and current Chief Executive Officer of Aspen Pharmacare, Stephen Saad has built a pharmaceutical giant with a global reach. Starting from relatively humble beginnings, Saad and his partners transformed Aspen into the largest pharmaceutical manufacturer in Africa, with a growing presence in international markets. His leadership has been instrumental in navigating the complexities of the pharmaceutical industry, including research and development, manufacturing, and distribution across diverse regulatory environments. Saad's entrepreneurial journey is a testament to his strategic vision and his ability to capitalize on opportunities within the healthcare sector. Aspen's success under his guidance has not only contributed to his personal wealth but has also played a significant role in providing access to essential medicines for millions of people in South Africa and beyond.

Atul Gupta is a prominent businessman and the wealthiest of the Gupta brothers. He founded Sahara Computers in 1993, marking the family's first venture into South Africa's business scene. Over the years, the Gupta family expanded its reach into various industries, including media, technology, and mining, through a combination of savvy business strategies and political influence. Despite their controversial dealings and legal challenges, Atul Gupta has maintained a significant presence in South Africa’s corporate landscape. His current net worth stands at $773 million, and he continues to be a major figure in the country’s business community.

The visionary founder and Chief Executive Officer of Discovery Limited, Adrian Gore has revolutionized the South African healthcare and financial services industries with his innovative business models. Discovery's integrated approach, centered around incentivizing healthy behavior through its Vitality program, has gained international recognition and has been adopted in various forms across the globe. Gore's entrepreneurial spirit and his commitment to using data and behavioral economics to improve people's health and financial well-being have been the driving forces behind Discovery's success. His leadership has not only built a highly profitable company but has also had a significant positive impact on the health and wellness of its millions of members. Gore's forward-thinking approach and his ability to disrupt traditional industries have established him as a prominent and influential business leader in South Africa.

Laurie Dippenaar is a distinguished South African businessman known for his role as co-founder of FirstRand, one of the largest financial institutions in the country. Dippenaar's leadership in banking and insurance has earned him recognition as a top figure in the South African financial sector.

Currently serving as the President of the Republic of South Africa, Cyril Ramaphosa has had a long and distinguished career spanning business, politics, and trade unionism. Before entering the highest office, Ramaphosa was a prominent businessman with significant investments in various sectors, including mining, telecommunications, and beverages. His early career saw him as a key figure in the anti-apartheid movement and the formation of the powerful National Union of Mineworkers. Following the transition to democracy, he played a crucial role in the drafting of South Africa's constitution. Ramaphosa's journey reflects a unique blend of political activism, business acumen, and public service, making him a complex and influential figure in South African society. His current focus is on addressing the country's economic challenges and fostering social cohesion.

Gerrit Thomas (GT) Ferreira is a South African banker and businessman, known for his role as a co-founder of FirstRand, one of the leading financial services groups in the country. His expertise in banking and insurance has made him a respected figure in South Africa's financial industry.

Gus Attridge is a South African pharmaceutical executive and co-founder of Aspen Pharmacare, one of the largest pharmaceutical companies in the Southern Hemisphere. Aspen is renowned for producing and distributing generic medications, and Attridge played an integral role in expanding its global footprint.

Markus Jooste is a South African businessman best known for his role as CEO of Steinhoff International, a global retail company. He gained international attention for the company's rapid expansion, although he became embroiled in a major accounting scandal that has significantly affected his reputation. Despite the controversy, Jooste remains a figure of interest in the retail industry.

Mike Nkuna is a seasoned property developer with an empire built on retail malls across South Africa, especially in townships. He’s the founder of Masingita Group of Companies, focused on creating commercial hubs in underserved areas. Known for turning rural land into bustling economic zones, Nkuna has played a major role in economic transformation. His estimated net worth exceeds R1 billion. He’s praised for community empowerment and inclusive development, showing how real estate can uplift marginalized regions while remaining profitable. Nkuna’s model bridges business success with social responsibility.

Wendy Ackerman is a prominent South African retail executive known for her role in Pick n Pay, one of the country's leading retail chains. Ackerman has been instrumental in the company's growth and expansion, contributing to its success in the highly competitive retail market. She continues to play a key role in shaping the future of the South African retail industry.

Priven Reddy, born and raised in Durban, South Africa, has risen from a humble background to become a prominent figure in the world of cryptocurrency and media. After co-founding Kagiso Interactive Media in 2010, he helped the company grow into one of the leading firms in the digital media space. Reddy then launched Kryteum, an innovative cryptocurrency investment platform utilizing AI, which further cemented his reputation as a forward-thinking entrepreneur. His success story is a testament to his resilience, hard work, and visionary approach to business. With a net worth of $250 million, Reddy continues to make waves in both the tech and investment sectors.

Few athletes have left a global mark like Gary Player. His career stretches across continents and generations, with 165 tournament wins and a reputation that helped shape the game of golf. At 88, he’s not only a legend on the course but also in business. Through golf course design, fitness advocacy, and his Player Foundation, he built a fortune estimated at $232 million. Whether it’s charity work or real estate, Gary continues to prove that passion and discipline can take you far beyond your first career.

Wendy Appelbaum is a South African businesswoman and philanthropist known for her involvement in the winery and farming industries. She is the owner of De Morgenzon, a renowned winery in the Western Cape. Appelbaum has contributed significantly to the South African wine industry, blending a passion for farming with her commitment to sustainability and quality.

Leading the pack with an estimated net worth of a staggering $200 million, Charlize Theron is a true global icon. Her journey from South Africa to Hollywood stardom has been marked by critically acclaimed performances in films like The Devil's Advocate, The Cider House Rules, and Prometheus. Beyond acting, Theron is a successful producer through her company, Denver and Delilah Productions, which has backed films like Dark Places and The Burning Plain. Her annual earnings reportedly range from $30 million to $40 million, solidifying her position as one of the world's highest-paid actresses and a testament to her enduring talent and business acumen.

Robert Gumede is a distinguished South African businessman and philanthropist, with a notable presence in the technology, sports, and real estate sectors. His net worth, estimated at R3 billion, is primarily derived from his founding of Gijima Technologies, the largest 100% black-owned IT company in Africa. Beyond his achievements in tech, Gumede has made significant strides in South African sports, including owning the Nelspruit Dangerous Darkies FC and acquiring a 49% stake in the Lions rugby club. His diverse investments also extend to luxury vehicles and real estate, further cementing his wealth and influence in South Africa.

Thabo Bester gained notoriety as a master manipulator and fraudster, involved in multiple scams and a fake media company. Dubbed the “Facebook rapist,” his crimes shocked the nation, and his prison escape intensified the public outcry. He reportedly claimed to have built a billion-rand empire, though none of it has been verified. The South African justice system has since tightened scrutiny on similar criminal enterprises. Bester’s story has become a reference point in discussions about crime, deception, and the exploitation of loopholes in government and security systems.

Vivian Reddy is a highly successful entrepreneur who has built his fortune through a diverse portfolio of investments in energy, real estate, and casinos. As the founder and chairman of Edison Power Group, Reddy has played a key role in the development of South Africa’s energy infrastructure. In addition to his energy ventures, he has made significant contributions to the property development sector, and his company has expanded into various other industries, including healthcare and financial services. Reddy is also known for his philanthropic work, particularly his support for the Orphans of AIDS Trust Fund, which has made a lasting impact on the South African community. His impressive career and net worth of $150 million highlight his business acumen and commitment to social causes.

Shepherd Bushiri, also known as Major 1, is the founder of the Enlightened Christian Gathering Church. With a net worth of $150 million, he's built a spiritual empire that reaches beyond borders. Originally from Malawi but based in South Africa for many years, Bushiri combines powerful sermons with business ventures, including investments in real estate and media. His bold personality and teachings on miracles and success draw massive crowds. Despite facing legal challenges, his popularity and financial power show no signs of slowing down in the religious world.

With an impressive net worth of around $100 million, Trevor Noah has carved a unique path to success. While primarily known for his sharp wit and insightful political commentary as the host of Comedy Central's The Daily Show from 2015 to 2022, Noah has also ventured into acting. He has appeared in blockbuster films like Black Panther, Coming 2 America, and Black Panther: Wakanda Forever. His reported annual salary of $16 million reflects his multifaceted career as a comedian, television host, political commentator, actor, writer, and producer, making him a significant figure in both the comedy and entertainment industries.

Moses Tembe is a highly influential businessman in South Africa, known for his contributions to economic development, especially in KwaZulu-Natal. With an estimated net worth of $100 million, his investments span real estate, entertainment, and retail. His involvement in major projects like the Point Waterfront Development and Richards Bay Eco Junction showcases his strategic vision in urban renewal and sustainability. In addition, his stake in Suncoast Casino and a network of filling stations and fast-food outlets solidifies his status as a diverse investor. His leadership across multiple industries has established him as a key figure in South Africa’s economic landscape.

Edwin Sodi is a businessman whose name often surfaces in political and legal circles. Through his company, Blackhead Consulting, he secured government contracts that later became subject to scrutiny. His luxury lifestyle and alleged corruption links have sparked controversy, especially in the asbestos tender scandal. Sodi’s estimated net worth reaches hundreds of millions, though much of it is entangled in ongoing investigations. He symbolizes the intersection of business, politics, and ethics in South Africa, prompting public conversations about accountability, tender processes, and the nature of state-private sector relationships.

Ernie Els makes things look easy—his swing, his success, and even his post-golf ventures. Known affectionately as 'The Big Easy,' he blended raw talent with calm composure, capturing four major titles and earning admiration worldwide. Off the course, he’s cultivated a respected wine business and partnered with brands like Rolex and Boeing. Els also champions autism awareness through his foundation. His estimated $77 million net worth reflects not just his talent, but how gracefully he translated it into wine, design, and humanitarian work.

Lindiwe Zulu, a prominent Politician and Minister with an impressive net worth of $70.55 million USD, holds a significant position in the South African government. Her involvement in public service and small business initiatives reflects her commitment to the nation's progress. Similar to how a highly sought-after actor earns significantly for their roles in major productions, Zulu's influential position and leadership in the public sector have translated into considerable financial success, marking her as a notable figure in South Africa.

Mathews Phosa has played key roles in South African politics and business. A former anti-apartheid activist and ANC leader, he later transitioned into the corporate world, joining several boardrooms and advisory councils. With his legal background and political insight, he became a sought-after strategist in both public and private sectors. His wealth is linked to his extensive networks and executive roles. Phosa remains active in policy discussions and economic debates. He symbolizes the journey from liberation politics to boardroom influence, reflecting the evolution of South Africa’s leadership landscape post-apartheid.

Globally recognized as a pioneer of Afro-house music, Nkosinathi Innocent Maphumulo, famously known as Black Coffee, has etched his name as a dominant force in the international DJ scene. His sophisticated blend of deep house infused with African rhythms has captivated audiences worldwide, earning him numerous accolades, including a Grammy Award. Beyond his electrifying performances at prestigious venues and festivals across the globe, Black Coffee has also proven himself as a shrewd businessman, investing in multiple properties both in South Africa and the United States. His journey from humble beginnings to international stardom serves as an inspiration to aspiring artists, demonstrating that talent, hard work, and a unique artistic vision can transcend geographical boundaries and cultural differences. His influence extends beyond music, positioning him as a cultural ambassador for South Africa on the global stage.

Kaizer Motaung is a legendary figure in South African football, founder of Kaizer Chiefs, and a pioneer in the sport’s development. With a net worth of $60 million, he turned a passion into a football empire. Motaung’s journey began as a player in the U.S., but his vision for Chiefs transformed the local football landscape. His leadership has earned him awards and international respect. Beyond football, he’s involved in various business ventures and community projects, always staying committed to uplifting others through opportunity and mentorship.

Thapelo Peter Sebiloane has become one of South Africa’s rising business moguls, with an estimated net worth close to R1 billion. His ventures span sectors such as property development, tech, and consulting. Known for maintaining a low profile despite his financial clout, Sebiloane has quietly built a legacy of influence and success. He is often referenced in discussions about emerging black entrepreneurs transforming traditional business narratives. His strategic moves and disciplined growth have earned him respect in both corporate circles and among aspiring business leaders aiming to follow a similar path.

Jacques Kallis didn’t talk much—but his cricket did all the speaking. For nearly two decades, he delivered with both bat and ball, becoming one of the sport’s most consistent all-rounders. His influence goes beyond the pitch. Today, he mentors young talent through his foundation and has kept strong ties with the game. Endorsements with Adidas and Slazenger helped bolster his profile. With a net worth of around $50 million, Kallis shows that even the quiet ones can build a loud legacy.

Isaac Mophatlane is a respected South African tech entrepreneur, known for co-founding Business Connexion with his late twin brother, Benjamin. His leadership helped shape the IT landscape in the country. He later served as CEO and expanded operations across Africa. Mophatlane also holds board positions in major companies, including Vodacom. While his exact net worth isn't public, his business ventures suggest considerable financial success. Mophatlane’s story highlights innovation, persistence, and corporate leadership, inspiring upcoming entrepreneurs looking to make their mark in the African technology and telecommunications industries.

Vusi Thembekwayo is a dynamic entrepreneur and global speaker whose impact extends across venture capital, business strategy, and leadership development. With a net worth of $37 million, he has built a reputation as an influential thought leader through ventures like My Growth Fund, which supports small businesses, and Motiv8 Advisory, a consultancy specializing in business transformation. His expertise in investment and corporate restructuring has positioned him as a formidable force in private equity through Watermark Capital Partners. Beyond his business ventures, his commanding presence on global stages and best-selling books continue to shape the next generation of entrepreneurs.

Patricia de Lille, a prominent Politician and Businesswoman with a substantial net worth of $35.68 million USD, has had a significant impact on South African society. Her long career in politics and involvement in business ventures have contributed to her considerable financial success. Similar to how a highly successful actor's career can lead to significant wealth, De Lille's influence and leadership in the political and business arenas have translated into substantial financial returns, marking her as a powerful figure.

Irvin Khoza is a towering figure in South African football, often called the “Iron Duke.” With a net worth of $35 million, he has led Orlando Pirates for decades and chairs the Premier Soccer League. His influence shaped major developments in local football, including helping secure the 2010 FIFA World Cup. Known for his tough negotiation skills and deep knowledge of sports politics, Khoza commands respect across the board. He’s helped grow football into a more structured and commercially viable industry, with a long-lasting legacy.

Jomo Sono is a South African football icon—player, coach, and owner of Jomo Cosmos. With a net worth of $35 million, he’s left a powerful mark on the game both on and off the pitch. His club became a breeding ground for talent, producing top players who went on to succeed locally and abroad. Sono is known for his eye for potential and his fiery passion for football. Though Cosmos has faced tough times, Sono’s legacy as a pioneer and mentor remains unmatched in the sport.

Rugby fans still talk about Habana’s blistering pace down the wing. He lit up the 2007 Rugby World Cup and made scoring look effortless. But what’s impressive is how he’s evolved since retiring. He’s dived into tech startups, commentary, and even co-founded a digital sports agency. Habana’s charm made him a favorite with brands like Red Bull and Adidas. His estimated $31 million wealth is tied not just to rugby but to his hustle afterward. He didn’t just hang up his boots—he ran with new opportunities.