Nicky Oppenheimer & family
South Africa‘s Richest Man and World’s #154
|Country Of Citizenship:
||Oxford U Christ Church, Bachelor of Arts / Science; Oxford U Christ Church, Master of Arts
||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.