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The Richest Person In South Africa

National Money
The Richest Person In South Africa

Nicky Oppenheimer & family

South Africa‘s Richest Man and World’s #154

Net Worth: $5.0 billion
Fortune: Inherited
De Beers
Age: 64
Country Of Citizenship: South Africa
Residence: Johannesburg
Education: Oxford U Christ Church, Bachelor of Arts / Science; Oxford U Christ Church, Master of Arts
Marital Status: Married, 1 child
Diamonds in the rough: sales of De Beers, the world’s largest diamond producer, which he runs, dropped 44% to $3.8 billion; group posted a net loss of $220 million. Cutting costs allowed it to remain cash positive. Along with De Beers’ other two investors, he and his family who own 40% of the group were asked to invest another $1 billion to help the company recapitalize and keep the ownership structure in tact. His family’s portion: $400 million. Consumer demand starting to recover, led by China and India. Still owns a stake in mining giant Anglo American, founded in 1917 by grandfather Ernest. Passionate conservationist, owns Tswalu Kalahari Reserve, largest private game reserve in South Africa.

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