Home » South African-British billionaire Clive Calder gains $100 million in just 2 days

South African-British billionaire Clive Calder gains $100 million in just 2 days

Calder's wealth surges: A $100-million boost fuels year-to-date gains to $250 million

by Mfonobong Nsehe
Clive Calder

South African-British billionaire Clive Calder has seen a notable boost in his net worth, gaining $100 million in just two days. With a fortune exceeding $7 billion, the recent surge further cements his position as one of Africa’s wealthiest individuals and one of the United Kingdom’s richest.

According to the Bloomberg Billionaires Index, which tracks the fortunes of the world’s top 500 billionaires, Calder’s net worth has seen a staggering increase of $100 million rising from $6.98 billion on Feb. 15, to $7.08 billion at the time of drafting this report — thus solidifying his position as one of the world’s richest individuals. 

Calder’s wealth surges: A $100-million boost fuels year-to-date gains to $250 million

The recent $100-million surge in Calder’s fortune, pushing his year-to-date wealth gains to $250 million is tied to the performance of his privately owned assets, stemming from the sale of his record label, Zomba Music Group, for $2.7 billion in 2002.

With a notable net worth of $7.08 billion according to Bloomberg, Calder, a South African-born billionaire residing in the Cayman Islands, holds a notable position among Southern Africa’s influential figures, alongside Nicky Oppenheimer and Natie Kirsh.

Ranked 366th among the world’s wealthiest individuals, Calder credits his success to his role in the music industry. His business prowess is evident in the establishment and growth of Zomba, a global powerhouse acquired for $2.74 billion in 2002 by the German-based media group Bertelsmann.

From music to tech: South African mogul Keith Calder’s $46-million investment in Star Citizen’s studio

Beyond music, the South African billionaire and his son, Keith Calder, invested $46 million in Cloud Imperium Games (CIG), the studio behind Star Citizen. This investment secured approximately 10 percent of CIG’s shares, providing a significant financial boost. 

Calder, a philanthropist and founder of ELMA Foundations, one of Africa’s largest private non-profits, invests in children’s healthcare, education, humanitarian relief, social enterprises, and youth development through music. In May 2020, he pledged $107 million to combat COVID-19 in Africa, with $26 million allocated to South Africa.

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