Patrice Motsepe’s ARM faces $1.6 billion market cap wipeout as challenges mount
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
South African billionaire
South African billionaire Jannie Mouton faces $43-million loss from Capitec stake
South African billionaire Jannie Mouton is renowned for co-founding Capitec Bank with Michiel Le Roux, and Riaan Stassen.
South African billionaire Saltzman family loses $22 million in 13 days
South African billionaire Saltzman family presently owns a beneficial 35.12-percent stake in Dis-Chem Pharmacies.
South African billionaire Johann Rupert’s Richemont receives clearance for YNAP-Farfetch partnership
Rupert, who serves as Richemont’s chairman, holds a substantial interest in the company through Compagnie Financiere Rupert.
South African-born billionaire Patrick Soon-Shiong loses $200 million in 8 days
Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.
Africa’s first Black billionaire Patrice Motsepe suffers $1-billion wealth decline in 2023
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
South Africa’s second-richest man Nicky Oppenheimer gains $100 million in October
The recent $100-million surge in Oppenheimer’s wealth, has now pushed his year-to-date wealth gains to $925 million.
Pick ‘n Pay, led by South African Ackerman family, revises half-year earnings forecast
South African billionaire Ackerman family owns 25.5 percent of Pick ‘n Pay.
South African entrepreneur Paul Saad-led brand extends reach with new Cape Town store
Futurelife was founded in 2007 by Saad, the brother of South African billionaire Stephen Saad, who serves as the CEO of Aspen Pharmacare Holdings.
Patrice Motsepe and Johann Rupert unite to elevate Boland Rugby’s prospects
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
South African billionaire Christo Wiese sells Shoprite shares worth $49.4 million
Wiese, through Titan Fincap, a subsidiary controlled by his investment vehicle, Titan Premier Investments, sold 3.83 million ordinary shares in Shoprite.
South African tycoon Zak Calisto’s Karooooo abandons second-hand vehicles business
Karooooo, which Calisto controls, owns Carzuka, a leading digital marketplace for used vehicles.
South African billionaire Michiel Le Roux loses $55 million in just 4 days
Le Roux owns an 11.39-percent stake in Capitec Bank.
South Africa’s richest man Johann Rupert loses $3.7 billion in three months
Data from the Bloomberg Billionaires Index reveals that Rupert’s net worth slumped from $14.4 billion on July 16 to $10.7 billion.
South African billionaire Christo Wiese-linked retailer, Steinhoff, faces liquidation
Wiese’s link with Steinhoff traces back to 2012 when he exchanged the historic Lanzerac wine estate for $11 million worth of Steinhoff shares.
Philip Tobias: South African executive leading Patrice Motsepe’s billion-dollar group
In recent years, Tobias has established himself as a renowned mining engineer with extensive industry expertise.