Nicky Oppenheimer gains $100 million in October

South African billionaire Nicky Oppenheimer has achieved a remarkable feat in recent times as his net worth surged to an astounding $8.95 billion, solidifying his position as the second-richest man in South Africa.

According to the Bloomberg Billionaires Index, which tracks the fortunes of the world’s top 500 billionaires, Oppenheimer’s wealth has seen a staggering increase of $100 million over the past eighteen days, equating to an average daily gain of $5.6 million since Oct. 1.

This remarkable financial growth has caused his net worth to increase from $8.85 billion on Oct. 1 to $8.95 billion at the time of drafting this report, further solidifying his position as one of the world’s richest individuals.

The recent $100-million surge in Oppenheimer’s wealth, which has now pushed his year-to-date wealth gains to $925 million, can be attributed to a substantial boost in the valuation of his diverse investments, managed primarily through his ventures, Stockdale Street in London and Tana Africa Capital in Johannesburg.

With his current fortune of $8.95 billion, Oppenheimer now claims the 232nd spot on the global list of the wealthiest individuals. In South Africa, he stands as the second-richest man, trailing only behind Rupert, and he retains the position as the third-richest person on the African continent.

Oppenheimer‘s success as a businessman is largely credited to his influential role in the diamond industry, particularly the sale of his family’s 40-percent stake in De Beers to the mining conglomerate Anglo-American for a staggering $5.2 billion in 2012.

Beyond his illustrious business ventures, Oppenheimer is celebrated for his dedication to wilderness conservation. Alongside his son, Jonathan, he co-owns Tswalu Kalahari, South Africa’s largest private game reserve, which serves as a sanctuary for wildlife and plays a pivotal role in preserving the region’s natural biodiversity.

Additionally, Oppenheimer owns the 65,000-hectare Shangani Ranch, a crucial migration route for animals that contributes significantly to the local economy by employing 400 individuals and facilitating beef exports to the United Kingdom.