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Top 5 Richest South Africans In Forbes List


Forbes profile a list of richest people around the world every year. Even when South Africa, the most developed country in Africa is going through an economic fall back, the following people still manages to excel in their wealth.

Patrice Motsepe ($1.22 billion)

He is a founder and chairman of African Raibow Minerals. Also the president of Mamelodi Sundowns FC. He became the first black South African billionaire in 2009. His net worth dropped in earlier this month of March due to the decline in stock prices ARM.

Cyril Ramaphosa ($450 Million)

His source of wealth has always been investments, he founded an investment company called Shanduka Group. Since he was appointed the deputy president of the country, Cyril stepped back from most of his business to avoid conflict of interests. He sold all his 30% shares in Shanduka.

Gus Attridge ($410 Million)

His source of wealth is pharmaceuticals. Gus is co-founder of a pharmaceuticals maker Aspen Pharmacare in 1997. He owns 4% shares in the publicly traded South African firm. Aspen Pharmacare bills itself as the world’s fifth largest generic drugmaker.

Markus Jooste ($400 Million)

His source of wealth is furniture retailing. Markus is a CEO of Steinhoff International which he transformed the South African manufaturer into Afrika’s Ikea and the largest household retailer in europe. Steinhoff International brands include the likes of Hi-Fi Corp, Incredible Connectio, Josua Door, etc…

Giovanni Ravazzotti ($330 Million)

His source of wealth is ceramics and tile. Giovanni is chairman of Italtile of South Africa, the ceramics company in Johannesburg from Italy founded in 1969. He saw the need for affordable tiles and ceramic products in the ever increasing South African market.