Home » South Africa’s second-richest man Nicky Oppenheimer gains $200 million in 12 days

South Africa’s second-richest man Nicky Oppenheimer gains $200 million in 12 days

Oppenheimer's wealth soars: Diverse investments propel Y-T-D gain to $675 million

by Omokolade Ajayi
Nicky Oppenheimer

South African billionaire Nicky Oppenheimer solidified his position as the second-richest individual in South Africa and the third-wealthiest on the African continent, with a remarkable $200-million increase in his fortune over the last twelve days

According to the Bloomberg Billionaires Index, which tracks the wealth of the world’s top 500 billionaires, Oppenheimer’s net worth has soared by $200 million over the past 12 days rising from $10.3 billion on Feb. 28 to $10.5 billion. This translates to an average daily gain of $16.7 million since Feb. 28.

Oppenheimer’s wealth soars: Diverse investments propel Y-T-D gain to $675 million

The recent $200-million surge in Oppenheimer’s wealth, contributing to a year-to-date gain of $675 million, is attributed to the revaluation of his diverse investments primarily managed through his ventures, Stockdale Street in London and Tana Africa Capital in Johannesburg. 

With his current fortune of $10.5 billion, Oppenheimer claims the 229th spot on the global list of the wealthiest individuals. In South Africa, he is the country’s second-richest man, trailing only luxury goods magnate, Johann Rupert who sits at the helm of Richemont 

Diamonds to Conservation: Nicky Oppenheimer’s billion-dollar impact on business and wildlife

Oppenheimer’s success as a businessman is widely acknowledged, particularly due to his influential role in the diamond industry. Notably, he sold his family’s 40-percent stake in De Beers to the mining conglomerate Anglo-American for an astounding $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. 

The leading South African billionaire is also 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.

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