South Africa’s seven richest individuals now boast a combined net worth of $38.7 billion (R671 billion), according to Forbes’ real-time billionaire tracker.
The figure has reignited debate over wealth inequality in a country struggling with high unemployment and economic hardship.
The billionaires’ fortunes span industries such as mining, retail, finance, and pharmaceuticals.
Systemic imbalances
While many argue that their businesses create jobs and drive innovation, critics say the extreme concentration of wealth highlights deep systemic imbalances.
South Africa remains one of only a few countries with no guaranteed paid maternity leave and continues to face rising living costs and widespread poverty.
Discussions around wealth taxes and economic reform are gaining momentum as calls grow for more equitable redistribution.
Meanwhile, in terms of the overall world list, South Africa-born Elon Musk remains the world’s richest person with a reported $471.1 billion.
Below, the list of the top seven richest South Africans in the world as of 16 September 2025.
| Rank | Name | Last week | This week | Source |
| 174 | Johann Rupert & family | $13.6bn | $14.7bn | Luxury goods |
| 286 | Nicky Oppenheimer & family | $10.5bn | $10.5bn | Diamonds |
| 1 021 | Koos Bekker | $3.8bn | $3.9bn | Media, investments |
| 1 209 | Patrice Motsepe | $3.4bn | $3.3bn | Mining |
| 1 491 | Michiel Le Roux | $2.6bn | $2.7bn | Banking |
| 2 005 | Jannie Mouton & family | $1.9bn | $1.9bn | Retail |
| 2 165 | Christo Wiese | $1.7bn | $1.7bn | Financial services |
| TOTAL | $37.5bn | $38.7bn |
1. Johann Rupert & Family
Net Worth: $14.7 billion
Industry: Luxury Goods, Finance
At the top of the list is Johann Rupert, chair of Compagnie Financière Richemont, the Swiss luxury goods group behind brands like Cartier, Montblanc, and Dunhill. With significant holdings in financial services and investments, Rupert has masterfully expanded his wealth while maintaining a relatively low public profile.
2. Nicky Oppenheimer
Net Worth: $10.5 billion
Industry: Diamonds, Investment
The former chairman of De Beers, Nicky Oppenheimer sold the family’s 40% stake in the diamond giant to Anglo American for $5.1 billion in 2012. Since then, he has grown his fortune through private equity investments and conservation initiatives across Africa.
3. Koos Bekker
Net Worth: $3.9 billion
Industry: Media, Technology
Known for turning Naspers into a global tech giant, Koos Bekker made headlines by investing early in China’s Tencent. That decision alone brought in tens of billions for Naspers. Bekker’s strategic leadership transformed the company from a local media firm into a global player.
4. Patrice Motsepe
Net Worth: $3.3 billion
Industry: Mining, Finance
Patrice Motsepe made his fortune through African Rainbow Minerals, becoming South Africa’s first black billionaire. A key figure in Black Economic Empowerment, he also holds a stake in financial services firm Sanlam and is a noted philanthropist and investor in sports.
5. Michiel Le Roux
Net Worth: $2.7 billion
Industry: Banking
Founder of Capitec Bank, Michiel Le Roux revolutionised South Africa’s banking landscape by creating a low-cost, accessible banking model. The bank’s growth and profitability have made it a darling on the JSE and a consistent driver of Le Roux’s wealth.
6. Jannie Mouton
Net Worth: $1.9 billion
Industry: Investments
The founder of PSG Group, Jannie Mouton earned the nickname “Boere Buffett” for his savvy investment strategy. PSG has stakes in Capitec, Curro (education), and various agricultural and financial firms, making Mouton a quiet force in South African business.
7. Christo Wiese
Net Worth: $1.7 billion
Industry: Retail
Despite setbacks with the collapse of Steinhoff, Christo Wiese remains a retail titan with interests in Shoprite and other ventures. Once South Africa’s richest man, Wiese is rebuilding and diversifying his portfolio.
