How much money South Africa's 7 dollar billionaires earned this Easter
It's 'easy' to make money – when you have money. Compound interest really is the eighth wonder of the world!
As they say, the rich get richer, while the poor stay poor.
Money makes money – and these seven South Africans have made a lot of it over the years.
And by a lot, we mean a LOT !
According to Forbes' real-time tracking of billionaires, Johann Rupert and his family are the richest in South Africa, with a net worth of $12.7 billion.
The Ruperts are followed by diamond magnate Nicky Oppenheimer, who boasts a net worth of $10.4 billion.
They are followed by Koos Bekker, Patrice Motsepe, Michiel Le Roux, Christo Wiese and Jannie Mouton.
South Africa's seven-dollar billionaires all made their money in different ways – from luxury goods, diamonds, mining, media, banking and retail.
In terms of the overall world list, South Africa-born Elon Musk remains the world's richest person with a reported $354.5 billion.
Below, the list of the top seven richest South Africans in the world as of 21 April 2025. Rank Name Last week This week Source 176 Johann Rupert & family $12.7bn $12.7bn Luxury goods 241 Nicky Oppenheimer & family $10.4bn $10.4bn Diamonds 1 148 Koos Bekker $3.2bn $3.2bn Media, investments 1 219 Patrice Motsepe $3bn $3bn Mining 1 661 Michiel Le Roux $2.1bn $2.1bn Banking 2 217 Christo Wiese $1.5bn $1.5bn Financial services 2 233 Jannie Mouton & family $1.5bn $1.5bn Retail TOTAL $34.4bn $34.4bn
Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1
Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
IOL News
9 hours ago
- IOL News
Trump dismisses Musk's call after public fallout, considers selling Tesla
US President Donald Trump and Elon Musk (R) speak in the Oval Office before departing the White House in Washington, DC, on the way to Trump's residence at Mar-a-Lago in Palm Beach, Florida US President Donald Trump has no plans to speak to billionaire Elon Musk and may even ditch his red Tesla car, the White House said Friday after a stunning public divorce fraught with risk for both men. Trump's camp insisted that he wanted to move on from the row with the South African-born Musk, with officials telling AFP that the tech tycoon had requested a call but that the president was not interested. The Republican instead intended to focus on getting the US Congress to pass his "big, beautiful" spending bill -- Musk's harsh criticisms of which had triggered the astonishing meltdown on Thursday. Fallout from the blow-up between the world's richest person and its most powerful could be significant, as Trump risks political damage and Musk faces the loss of huge US government contracts. Trump phoned reporters at several US broadcast networks to insist that he was looking past the row. He called Musk "the man who has lost his mind" in a call to ABC and told CBS he was "totally" focused on the presidency. The White House meanwhile, squashed earlier reports that they would talk. "The president does not intend to speak to Musk today," a senior White House official told AFP on condition of anonymity. A second official said it was "true" that Musk had requested a call.
The South African
10 hours ago
- The South African
These surprising cities saw the biggest increase in millionaires
While American cities like New York or the Bay Area still boast the most dollar millionaires in real numbers, a few destinations have emerged as new hubs for the wealthy. These cities have seen the biggest increase in dollar millionaires over the past decade. They're mostly fast-growing centres of technology and innovation. Meanwhile, a few also offer tax incentives to attract the wealthy. That's according to the World's Wealthiest Cities Report 2025, which is published by Henley & Partners, a firm that advises the wealthy on where to move to look after their assets. Between 2014 and 2024, Shenzhen saw a 142% increase in dollar millionaires. The Chinese city is a major technology hub, with companies like Huawei and Tencent based there. Once a rustic fishing village, Shenzhen is now the fastest-growing destination for dollar millionaires. The technology scene continues to attract entrepreneurs and financiers. Most South Africans may not hear much about Scottsdale, but tech entrepreneurs and those with six-figure account balances will know all about it. The American city's millionaire population grew by 125% over the past decade. Like Shenzhen, Scottsdale's attraction is its booming tech industry. It also offers a luxurious lifestyle, especially in golf estates, and favourable state tax conditions. It could be a surprise, but this Indian city is popular with the very wealthy. Bengaluru, also known as Bangalore, saw a 120% increase in dollar millionaires. That took place in just ten years, between 2014 and 2024. The city's flourishing tech industry, affordable living costs, and growing infrastructure have made it a hotspot for the wealthy. Over the past decade, West Palm Beach gained 112% more dollar millionaires. This American city offers the wealthy a laid-back lifestyle, thanks to its coastal location. Because the state of Florida has low taxes, businesspeople and rich professionals also flock to West Palm Beach. 108% more millionaires now live in Hangzhou, compared to ten years ago. That growth coincided with the rise of tech companies in the city, including Alibaba. Hangzhou is a historic city with pretty scenery, making it even more attractive to the affluent. Let us know by leaving a comment below or send a WhatsApp to 060 011 0211. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X, and Bluesky for the latest news.
TimesLIVE
10 hours ago
- TimesLIVE
Joshco bridges housing gap for missing middle residents
Construction is under way on what will become the largest phase of the Johannesburg Social Housing Company's (Joshco) Riverside View project in Diepsloot, which will add more than 700 new units to the growing social housing development. During an oversight visit, Nhlamulo Shikwambana, Joshco's acting COO, said 'the development has already completed three phases, with tenants living in over 300 units, and construction of phase 4 now under way'. 'Once complete, phase 4 will add over 700 more units. This is going to be our biggest build in the area. The plan is to reach over 1,000 units in Diepsloot' Shikwambana said the project is specifically aimed at South Africans in the 'missing middle', those who earn too much to qualify for RDP houses but too little to afford bonded homes. 'We are closing the gap for people who fall through the cracks. Most of our residents come from informal areas. We want them to feel safe and comfortable without being financially overstretched,' added Shikwambana. For many residents, the move from informal settlements to the structured, well-maintained apartments has been life changing. Marriam Tom, 50, sits in her bachelor unit with a sense of peace she says she has not known in years. 'I moved from the informal settlement and this place exceeded my expectations. I stay with two kids in a bachelor, and I have peace of mind because I know my kids are safe. I can leave them behind when going somewhere,' she said. Tom mentioned that 'the maintenance is also excellent'. 'My sink once had a blockage and after reporting, it was fixed within a few days.' Emmanuel Ramangwala, 32, who has lived with his brother in a two-bedroom unit for four years, described it as a major upgrade from his previous living conditions. 'This place gives off luxury vibes at an affordable cost. I'm paying R2,500 and we are more than happy. Transport is easily available outside the complex and Ubers can pick you up at the gate,' Ramangwala said. Kholwani Baloyi, the property supervisor, told TimesLIVE that the demand for the flats, which range from R1,200 for bachelor units to R2,500 for two-bedroom units, continues to grow. Each unit includes a modern kitchen, solar geyser, prepaid electricity, water meters and biometric access control. 'We cater for a range of residents and the demand is very high. Once we open applications, they fill up quickly', said Baloyi. Neo Matshitse, Joshco's acting general manager, said 'these units are meant to bring people out of informal settlements and into secure, affordable housing'. 'Safety features are central to the design. The flats come equipped with 24-hour CCTV surveillance, biometric access control and fenced-off play areas,' said Matshitse. Pfeno Ratovhowani, 28, who lives with her husband and daughter said: 'I am happy there is a playground around the block. I am at peace even when my daughter plays without supervision because there's CCTV everywhere. The place is also well maintained and cleaned throughout the day.' Shikwambana said beyond housing, the project is also helping combat unemployment in Diepsloot by creating job opportunities. Cleaners, security guards and gardeners are hired directly from the surrounding communities'.
