Given the current rankings, Johann Rupert firmly maintains his position as South Africa’s richest man, with the Bloomberg Billionaire Index also placing his net worth of an estimated $11.7 billion above Nicky Oppenheimer’s $8.0 billion fortune.
Despite the ongoing pressure from the Covid-19 pandemic in 2020 and 2021, Rupert’s portfolio has weathered the storm and added as much as R54 billion to his net worth. This was in line with the fortunes of many of the world’s richest people last year. This was led by South African-born Tesla CEO, Elon Musk, who added $121 billion to his net worth in 2021, alone. Musk was the first person to see his net worth surpass $300 billion, after shares in Tesla rocketed 60% in 2021, and the company’s market cap blew past a $1 trillion valuation.
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