Various ‘rich lists’ have been released since the start of the year, and they rarely come to a common consensus. In fact, the only thing we can determine from the impact of the pandemic is that the financial elites became comprehensively richer since COVID-19 gripped the world. However, there’s another recurring theme involving SA billionaire Patrice Motsepe.
What is Patrice Motsepe’s net worth?
The mining magnate has enjoyed a meteoric rise over the past 12 months: Usually contending with Koos Bekker for the title of ‘third richest person in South Africa’ – because Nicky Oppenheimer and Johann Rupert have net-worths that are bordering on the obscene – the 59-year-old has put clear daylight between himself and the Naspers supremo.
This is all according to the Hurun Rich List: In a global context, Elon Musk is top of the tree, with an estimated $197 billion in the bank. It’s believed he is $8 billion clear of Jeff Bezos, who now occupies second-spot. Bernie Arnault, Bill Gates, and Mark Zuckerberg complete the top five, and all possess individual fortunes of at least $100 billion.
Global rich list: Who has the most money in the world?
Dollar-billionaires in South Africa: Patrice Motsepe on the rise
You have to go some way before you come across a billionaire who resides in South Africa, though. Nicky Oppenheimer is our first entrant on the list, coming in at #346. His wealth has crept up by 2.6% from this time year. Johann Rupert saw his fortune grow by an impressive 10.3%, and he now has an estimated net worth of $6.4 billion.
Koos Bekker and Capitec boss Michiel le Roux have also consolidated their cash reserves – but it’s Patrice Motsepe who is turning heads on the Global Rich List. Since March 2020, he has seen his wealth skyrocket by almost 58%. The huge increase has moved his total bank balance from $1.9 billion to $3 billion in the past 12 months alone.
Interestingly enough, Mr. Motsepe is also the only person out of Mzansi’s five dollar-billionaires to actually improve his position on the Hurun Index, rising up to #1 130 on the list. Glad to see someone’s enjoying the pandemic, anyway…
|Global Rich List Rank||Name||2020 Net Worth ($bn)||2021 Net Worth ($bn)||Change|
|1 130||Patrice Motsepe||1.9||3.0||+57.9%|
|1 283||Koos Bekker||2.4||2.7||+12.5%|
|2 383||Michiel le Roux||1.4||1.4||~0%|