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Nicky Oppenheimer, South Africa’s second-richest man and one of Africa’s richest billionaires, has recorded a significant bump in his net worth since the start of the year thanks to the sustained increase in his private equity investments.
According to the Bloomberg Billionaires Index, which tracks and compares the fortunes of the world’s 500 wealthiest people, the South African billionaire who derives the majority of his wealth from private equity investments has seen his wealth increase by $700 million since the beginning of the year.
Data tracked by Billionaires.Africa revealed that his net worth has increased by $700 million since the beginning of the year, from $8.03 billion at the start of the year to $8.73 billion at the time of writing, cementing his position as one of Africa’s richest billionaires.
The sustained increase in the market value of his private equity investments, which he manages through Stockdale Street in London and Tana Africa Capital in Johannesburg, can be attributed to his recent increase in net worth.
The recent increase in his net worth builds on his gains in 2022, when his net worth increased by $75 million, putting him on the list of African billionaires whose wealth exceeds $8 billion.
Oppenheimer has been a private equity investor since 2012, when 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.
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.
