South Africa’s Richest People

Their bank accounts go ka-ching.

By  | Jun 22, 2020, 01:43 PM  | Top of The

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Money makes the world go round – or so they say. For these South Africans, the world keeps on spinning as their bank account goes ka-ching.

People like Nicky Oppenheimer, Johann Rupert and Koos Bekker always make the list of the richest people in South Africa – but there are others who is coining it.

These are some of South Africa’s wealthiest people.

Patrice Motsepe Mzansi’s First Black Billionaire 


Patrick Motsepe


Patrice Motsepe made headlines when he was named as South Africa’s first black billionaire. And for the last several years, he continued to make this annual list.


Patrice’s net worth is estimated at R25.4 billion.

He is the founder of African Rainbow Minerals, and in 2003 he became the owner of Mamelodi Sundowns.

He sits on the board of several companies and he is known for his generosity. Whether it’s scholarships for underprivileged children to continue their studies, or to treat his football club’s most loyal supporters with a trip to Egypt to watch their team in action.

Even within his own family, Patrice is well-connected. His sisters Tshepo and Bridgette are married to well-known politicians. His sister Tshepo Motsepe is married to South African President Cyril Ramaphosa, and his sister Bridgette is married to Minister in the Presidency, Jeff Radebe.

And then of course there was his instrumental role in bringing Barcelona FC, Barack Obama and Beyoncé as part of the Global Citizen concert, all in honour of what would have been Tata Madiba’s 100th birthday.

Mamphela Ramphele The Businesswoman

Mamphele Ramphele
A medical doctor by profession, Dr. Mamphela Ramphele also has experience in politics and is a successful business woman.

She also served as the Managing Director of the World Bank.
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She is a member of the board of directors for several companies, including Standard Bank, Transnet and Anglo American.

Her net worth is estimated at R55 million.


Allan Gray Donates 90% of his Wealth


Allan Gray


Allan Gray was the founder of an investment company bearing his name.
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The company handled up to $35 billion worth of funds for their clients.

In 2013, Allan Gray’s net worth was an estimated $10.5 billion – and then he donated 90% of it.

He is known as one of the most generous philanthropists in South Africa.

In 2013 he started a foundation to which he donated $130 million to fund schooling for underprivileged learners and students.

And in 2016, he gave away his stake in the company to ensure the dividends will continue to go towards the foundation to support the learners.

In 2017, his wealth was estimated at $1.8 billion.

Irene Charnley Goes Continental with her Wealth 

Irene Charnley


Irene Charnley is known as a businesswoman and trade unionist.
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The success she achieved while being part of the MTN Group as Executive Director played a huge role in her wealth. During her time at MTN, she saw the company expand to the rest of Africa and several Middle Eastern countries. By the time she left MTN, she left with $150 million.


Mark Shuttleworth‘s Money Takes Him to Space 



Mark Shuttleworth
Mark Shuttleworth became a household name in 2002, when he was the first South African in space. Yes he bought a ticket on the flight for about $20 million.
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He made his fortune when he sold his consulting company for $3.5 billion. 

His software, Ubuntu Software, can be found in just about every device. From TVs and cars, just about any device that connects to the Internet.

He is the founder and CEO of Canonical Ltd and his net worth is estimated at R9.1 billion.

Bridgette Radebe Is Rich 


Bridgette Radebe
She may be known as the sister of Patrice Motsepe or the wife of Jeff Radebe, but we’ve got to put respect on Bridgette Radebe’s name.
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She is worth a billion rands! 

Her decades long experience is in mining, and as the founder of Mmakau Mining, they operate in platinum, gold, uranium and coal.
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Her work in changing the political landscape has earned her international recognition with an award from the Global Foundation of Democracy.

Ray Ackerman Builds Success Story 


Ray Ackerman
Ray Ackerman started his career as a trainee manager for Ackerman’s, founded by his father.
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His father sold Ackerman’s to the company that started Checkers. Soon Ray was a managing director of 85 stores around the country. And then he got fired.

He used his severance package and a bank loan and bought four stores that would become Pick n Pay.

His net worth is R6.9 billion and the Pick n Pay legacy has become one of the country’s biggest success stories. It has hundreds of stores across South Africa.

Judy Dlamini


Judy Dlamini
Judy Dlamini is a businesswoman and the Chancellor at Wits University.

A qualified doctor, she put the stethoscope down and stepped into the business world.
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Her net worth is estimated at R124 million.

She is on the board of several companies, including Aspen Pharmacare Holdings and Anglo American. 

Nonhlanhla Njoli-Mncube Smiles On Way to Bank 


Nonhlanhla Njoli-Mncube
Nonhlanhla Mjoli-Mncube has a business background.

She is well-known for her time spent as economic advisor to former South African President Jacob Zuma.

She sits in the board of directors of several companies, including Capitec Bank and Tongaat Hulett Sugar.

Active in several industries including housing finance, construction and gender rights, Nonhlanhla’s net worth is estimated at R94 million. 



Main image credit: citypress.com

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