How the net worth of four of South Africa’s six dollar billionaires took a beating this year

26 Dec 2023

William Brederode

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Patrice Motsepe is one of six dollar billionaires in South Africa.

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The net worth of four out of six of South Africa's US dollar billionaires decreased this year, with Capitec founder Michiel Le Roux hardest hit with a 14% reduction in his net worth.

According to data on the Forbes Real-Time billionaire list, Nicky Oppenheimer and his family, who made their fortune in the mining industry, businessman Patrice Motsepe, and Naspers chair Koos Bekker also had their net worth decrease this year.

The Ruperts, the richest family in the country, have more than doubled their wealth since 2020, with a $2.2 billion (about R40 billion) increase in net worth between 2022 and 2023 alone.

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