The following Forbes list of South African billionaires is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in 2023. [1]
World Rank | Name | Citizenship | Net worth (USD) | Source of wealth |
---|---|---|---|---|
2 | Elon Musk [a] | South Africa / United States / Canada | 195 billion | Tesla, SpaceX, Twitter |
162 | Johann Rupert | South Africa | 12.2 billion | Richemont, Remgro |
249 | Nicky Oppenheimer | South Africa | 9.5 billion | De Beers |
278 | Ivan Glasenberg | South Africa / Australia / Switzerland | 8.9 billion | Glencore |
469 | Patrick Soon-Shiong [b] | South Africa / United States | 6.2 billion | NantWorks |
1238 | Patrice Motsepe | South Africa | 2.7 billion | African Rainbow Minerals |
1286 | Koos Bekker | South Africa | 2.6 billion | Naspers |
2410 | Michiel Le Roux | South Africa | 1.2 billion | Capitec Bank |
2410 | Christoffel Wiese | South Africa | 1.2 billion | Pepkor |
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is much easier and less significant to be a millionaire in those currencies, thus a millionaire in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, euro, or pound sterling.
A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.
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Aliko Dangote is a Nigerian businessman and industrialist. He is the first man who built a private refinery in Nigeria. Dangote is the 211th richest individual in the world, with an estimated net worth of US$11.2 billion as of October 2024, according to Forbes and US$27.6 billion according to Bloomberg Billionaires Index.
The World's Billionaires is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained.
The World's Billionaires 2014 edition was 28th annual ranking of The World's Billionaires by Forbes magazine. The list estimated the net worth of the world's richest people, excluding royalty and dictators, as of February 12, 2014. It was released online on March 3, 2014.
The World's Billionaires 2010 edition was 24th annual ranking of The World's Billionaires by Forbes magazine. The list estimated the net worth of the world's richest people, excluding royalty and dictators, as of February 12, 2010. It was released online on March 10, 2010. Forty reporters across 13 countries contributed to the list. Carlos Slim and Bill Gates were featured on the cover.