Cape Town’s Richest: A Look at South Africa’s Billionaires

1 min read
South Africa's Billionaires

The Hurun Report has released its annual list of the world’s richest people, and this year’s edition includes five billionaires from South Africa.

Global Billionaire Tally

With 3,112 billionaires worldwide, the current tally is down 8% from last year, with 269 billionaires lost over the past 12 months. As usual, China tops the list with 969 billionaires, followed by the United States with 691, India with 187, and Germany with 144.

Newsletter

Stay Informed • Cape Town

Get breaking news, events, and local stories delivered to your inbox daily. All the news that matters in under 5 minutes.

Join 10,000+ readers
No spam, unsubscribe anytime

South Africa’s Billionaires

South Africa is home to five billionaires who have made the cut. Johann Rupert, South Africa’s richest man, has seen his wealth soar to $11 billion in 2023, which ranks him 187th on the list of the world’s wealthiest people. The second richest man in South Africa, Nicky Oppenheimer, also saw his fortunes rise, jumping from $8.1 billion in 2022 to $8.3 billion in 2023. Koos Bekker, the third richest man in South Africa, has a net worth of $2.7 billion in 2023, while Patrice Motsepe, who is President Cyril Ramaphosa’s brother-in-law, is reported to have a fortune of $2 billion. Finally, Capitec founder Michiel le Roux rounds off the list of South African billionaires with a reported net worth of $1.3 billion.

Wealth and Happiness

While it is always interesting to see which billionaires have made a list, it is important to remember that wealth does not necessarily equate to happiness or fulfillment. However, these individuals’ success stories can serve as inspiration to those who are striving to achieve their own goals.

Cape Town’s Business Hub

As a leading business hub, Cape Town is home to many successful entrepreneurs and businesspeople. With its stunning natural beauty and vibrant culture, it is no surprise that South Africa’s billionaires have chosen to make this city their home.

Hannah Kriel is a Cape Town-born journalist who chronicles the city’s evolving food scene—from Bo-Kaap spice routes to Constantia vineyards—for local and international outlets. When she’s not interviewing chefs or tracking the harvest on her grandparents’ Stellenbosch farm, you’ll find her surfing the Atlantic breaks she first rode as a schoolgirl.

Leave a Reply

Your email address will not be published.

Previous Story

Cape Town Named Best Value Destination for British Tourists

Next Story

Three Men Arrested in Connection with AKA’s Murder

Latest from Blog

**Saturday Shock: How Ten Seconds at Vangate Mall Exposed a National Kidnap Machine**

One Saturday morning, a little girl was almost snatched from a mall in South Africa! Luckily, her parents and some quickthinking shoppers stopped the kidnappers. This scary event showed how big and organized the child kidnapping problem is there. These bad guys target young children in busy places, using clever tricks and technology. The incident sparked outrage and exposed how malls often aren’t ready for such attacks. Now, people are looking for new ways, both hightech and simple, to protect kids from this terrible trade.

Cape Town’s Billion-Dollar Coast: How Twelve Months Rewrote the Property Record Books

Cape Town’s fancy houses are selling like hotcakes! Rich people can work from anywhere now, so they’re moving to beautiful Cape Town. Foreigners love the good exchange rate, making homes a steal for them. There’s also not much empty land left, and the city has better water and power. This makes Cape Town a super popular place for luxury living, with prices going way up!

**Cape Town’s N2 Nightmare: The Wall That Divides More Than Traffic**

Cape Town’s N2 highway became a battleground, with constant attacks on drivers. To fight this, the city is building a huge concrete wall, almost 3 meters tall and over 9 kilometers long, with hightech cameras and lights. This R330 million “fortress” aims to scare off criminals and keep people safe. But some wonder if this giant wall can really stop smart criminals, or if they’ll just find new ways to cause trouble. It’s a costly gamble, hoping concrete and cameras can solve a deeprooted problem.

From VHS to Footlights: Pretty Woman Reborn in Cape Town

Get ready, Cape Town! “Pretty Woman: The Musical” is coming, but with a vibrant local twist. Imagine the classic love story, but now Vivian Ward is played by a talented local, Leah Mari, and the music pulses with awesome African rhythms like mbira. The fancy Broadway sets are swapped for clever lights and a reflective stage that makes Vivian’s journey even more powerful. Even the story’s dialogue is changed to feel more like South Africa, with Edward gutting a wine empire instead of a shipyard. This isn’t just a show; it’s a new fairytale that sparks conversations and even helps local students, showing that this beloved story can shine even brighter in a new home.