Thanks to the sustained uptick in his net worth, propelling his fortune to nearly $9.5 billion, South African billionaire Nicky Oppenheimer has firmly secured his standing as the second-wealthiest individual in the rainbow nation, with his wealth figures surging by millions of dollars in recent times.
According to the Bloomberg Billionaires Index, which tracks the wealth of the world’s top 500 billionaires, Oppenheimer’s net worth has increased by $100 million over the past twelve days from $9.33 billion on Nov. 29 to $9.43 billion at the time of report writing, further cementing his status as one of the globe’s wealthiest individuals.
Oppenheimer’s Africa & Europe play: Private equity surge boosts fortune by $1.4 billion
The recent surge in his fortune, pushing his year-to-date wealth gain above $1.4 billion, can be attributed to a substantial surge in the valuation of his diverse investments primarily managed through his ventures, Stockdale Street in London and Tana Africa Capital in Johannesburg.
With his current fortune of $9.43 billion, Oppenheimer now claims the 231st spot on the global list of the wealthiest individuals. In South Africa, he stands as the second-richest man, trailing only behind Johann Rupert.
Nicky Oppenheimer’s conservation legacy preserves African wildlife
Nicky 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 is the owner of 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.