South Africa’s wealthiest people in 2007

Posted by on Dec 4, 2007 in Business, South Africa

South African RandThe Sunday Times of South Africa recently announced South Africa’s billionaire’s club (In South African Rand, divide by ~7 to get to USD). You can find the article here (You may have to register to get to the list).Here is the top ten list:1. Lakshmi Mittal of Mittel Steel SA – ZAR27bn ($4bn),2. Nicky Oppenheimer of Anglo American – ZAR16bn ($2.3bn),3. Patrice Motsepe (African Rainbow Minerals and Sanlam) – ZAR13.5bn ($2bn)4. Rembrandt Trust – ZAR8.3bn ($1.2bn)5. Elephant Consortium (Telkom SA) – ZAR5bn ($700mm)6. Bill Venter of Allied Electronics – ZAR4.2bn ($615mm)7. Giovanni Ravazzotti (Ceramic and Italtile) – ZAR4bn ($586mm)8. Ackerman Family (Pick n Pay Holdings) – ZAR3.7bn ($542mm)9. Bruno Steinhoff (PSG Group and Steinhoff) – ZAR3.7bn ($540mm)10. Laurie Dippenaar (Discovery, FirstRand and RMB) – ZAR3.3bn ($483mm)Here is another list of South Africa’s wealthiest people. There’s some overlap.I wonder why Elon Musk (worth at least $300mm and should be in the top 20) and Mark Shuttleworth (sold to Verisign for $575mm) are not listed. Elon may not be deemed as a South African anymore. I think Mark still lives in South Africa.What to get on the list? Then you may find a few tips in this Secrets of a self-made billionaire Forbes article.Any one else that you think they missed?

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