Since the start of 2023, South African billionaire Nicky Oppenheimer has witnessed a substantial surge in his net worth, building upon the wealth gains he achieved in 2022 when his net worth increased by a modest $75 million.
Oppenheimer’s net worth has surged by $325 million since the beginning of the year, according to the Bloomberg Billionaires Index, which monitors and compares the wealth of the top 500 individuals worldwide
With his net worth growing from $8.03 billion to $8.35 billion since the start of 2023, Oppenheimer has solidified his status as the second-richest individual in South Africa and the third-richest billionaire in Africa.
The $325-million rise in his net worth can be attributed to the successful performance of his private equity investments in Africa, Asia, Europe, and the United States.
The bulk of Oppenheimer’s $8.35-billion fortune comes from his private equity investments, which he oversees through Stockdale Street in London and Tana Africa Capital in Johannesburg.
For decades, the leading South African businessman has been a private equity investor, with many of his investments taking place after he sold his family’s 40-percent stake in De Beers, the world’s largest diamond producer, to mining conglomerate Anglo-American in a $5.2-billion deal in 2012.
With investments in private equity across Africa, Asia, Europe, and the United States, Oppenheimer has employed a successful strategy that has enabled him to capitalize on market fluctuations and generate substantial wealth gains.
Beyond his private equity investments, Oppenheimer is a passionate advocate for wilderness conservation. Together with his son Jonathan, he co-owns Tswalu Kalahari, the largest private game reserve in South Africa.
He is also the owner of the 65,000-hectare Shangani Ranch, which has operated since 1937 and employs 400 people. The ranch serves as a vital migration route for animals and has earned a reputation as a wildlife sanctuary. It has also kept more than 8,000 cattle for beef exports to the United Kingdom.