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South Africa added to its growing list of dollar billionaires earlier this year, with founder and chairman of PSG Group, Jannie Mouton, joining the list of South Africa’s elite.
Mouton, known as the “Boere Buffett” for his successes on the stock market, was listed as the country’s eighth dollar billionaire by Forbes in its annual Billionaire List for 2017.
And while the fortune’s of the seven men above Mouton on the list are well documented, Entrepreneur Magazine has compiled a more extensive list detailing the wealth of the top 28 South Africans including the likes of deputy president, Cyril Ramaphosa; former MTN executive, Irene Charnley; and Discovery founder, Adrian Gore.
Commercial and residential property group, Knight Frank recently published its Wealth Report for 2017, revealing the number of high net worth individuals in the country.
According to Knight Frank, SA had 40,400 dollar millionaires in 2016, with as many as 18,200 living in Joburg, and as many as 320 individuals with wealth exceeds $30 million (R395 million).
Cape Town’s dollar millionaire total in 2016 was 8,200, while it also has 180 uber-rich residents who have wealth exceeding $30 million.
GM lists the top 20 richest South Africans as identified by Entrepreneur Magazine.
Giovanni Ravazzotti R4.7 billion
Source of wealth: Retail
Desmond Sacco R4.7 billion
Source of wealth: Mining