South Africa’s second-richest man gains $750 million in November

South African billionaire Nicky Oppenheimer achieved a remarkable feat in November as his net worth surged to $9.33 billion, solidifying his position as South Africa’s second-richest individual and as one of Africa’s wealthiest billionaires

According to the Bloomberg Billionaires Index — which tracks the fortunes of the world’s 500 wealthiest billionaires — Oppenheimer’s net worth has increased by $750 million in November from $8.58 billion at the start of the month to $9.33 billion at the time of drafting this report.

Nicky Oppenheimer’s private investments propel wealth to $1.3 billion

The recent surge in Oppenheimer — which translates to an average daily gain of $35.7 million since the start of the month — has now pushed his year-to-date wealth gains to the $1.3-billion mark.

These substantial gains can be attributed to the boost in the valuation of his diverse investments, managed primarily through his ventures, Stockdale Street in London and Tana Africa Capital in Johannesburg.

Nicky Oppenheimer surges to 241st on global rich list with $9.33 billion fortune

With his fortune pegged at $9.33 billion — derived from his private equity investments in Stockdale Street in London and Tana Africa Capital in Johannesburg — Oppenheimer now ranks as the world’s 241st richest individual.

He has been a private equity investor for decades, and many of his investments were made 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.

His private equity investments span Africa, Asia, the United States, and Europe, proving to be a sound strategy for the billionaire, enabling him to profit from market fluctuations and generate significant wealth gains.

Oppenheimer’s dual legacy: Private equity brilliance and dedication to wildlife conservation in South Africa

Aside from private equity investments, Oppenheimer — a supporter of wilderness conservation — co-owns Tswalu Kalahari, South Africa’s largest private game reserve, with his son Jonathan.

He is also the owner of the 65,000-hectare Shangani Ranch, which employs 400 people and has maintained at least 8,000 cattle for beef export to the United Kingdom since 1937. Known as a wildlife sanctuary, it serves as a migration route for animals.