#4 Patrice Motsepe
Net worth: US$2.7 billion
Nationality: South African
With a net worth of US$2.7 billion, Motsepe is the richest Black South African and the world’s 1 067th richest man. The majority of his wealth is derived in gross terms from his 40-percent stake in African Rainbow Minerals (ARM), a South African diversified mining and minerals company.
His net worth has dropped by US$200 million as a result of the recent decline in the market value of his stake in ARM, a company he founded in 1997, from US$2.9 billion to US$2.7 billion at the time of writing this report.
#5 Mohammed Mansour
Net worth: US$2.5 billion
Nationality: Egyptian
Mohamed Mansour, an Egyptian billionaire businessman and the world’s 1 151st richest man, is the chairman of Mansour Group, a family conglomerate worth more than US$6 billion, according to Forbes.
Mansour derives the majority of his US$2.5-billion net worth from the company, alongside his brothers Yasseen and Youssef Sawiris, who are also billionaires.
The Egyptian billionaire played a crucial role in the group’s growth, primarily through GM dealerships in Egypt, which he established in 1975.
Mansour Group has since grown into one of the biggest GM distributors worldwide.
#6 Koos Bekker
Net worth: US$2.1 billion
Nationality: South African
Koos Bekker is a South African billionaire businessman and the chairman of Naspers, a leading South African multinational media group.
He was instrumental in the establishment and growth of Prosus, a Naspers subsidiary established as the company’s global Internet assets division under Bekker’s leadership.
The majority of the South African billionaire’s wealth is derived from his holdings of Naspers and Prosus. Since the start of the year, his net worth has decreased from US$2.7 billion to US$2.1 billion.
Continued next page
(248 VIEWS)
Quarterly taxes, which are due next month, will force businesses to sell a quota of…
Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…
Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…
Zimbabwe has ordered providers of goods and services to use the official exchange rate or…
Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate…
The role of social media on how people get their news in Zimbabwe is being…