The richest people in South Africa in 2023 – including a billionaire who doubled his fortune

South Africa’s second richest man, diamond magnate Nicky Oppenheimer, has also only seen his fortunes swell. Oppenheimer’s wealth grew from US$7.6 billion in 2019 to US$8.3 billion in 2023.

Oppenheimer was ranked as the country’s richest man until 2021. Rupert took the title in 2022 and again in 2023.Media tycoon Koos Bekker is the country’s third richest man, with a net worth of US$2.7 billion in 2023, ahead of president Cyril Ramaphosa’s brother in law, Patrice Motsepe, whose fortunes totalled US$2 billion.

Motsepe was briefly the third richest person in the country in 2021; however, his wealth has slipped since then. Rounding off the list for South Africa is Capitec founder Michiel Le Roux, whose net worth has remained fairly stable over the years, sitting at US$1.3 billion in 2023, according to Hurun.1. Bernard Arnault,

74, of LVMH added US$49 billion to become the richest person in the world with US$202 billion. Arnault has overseen LVMH to become the most valuable business in Europe, with its stock up more than 30%, on the back of record US$15 billion in profits and US$86 billion in sales. Arnault appointed daughter Delphine, 47, in January to head up Christian Dior.52, is down to the second place with a net worth of US$157 billion, down US$48 billion from last year.

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