Global rich list 2021: This SA billionaire has seen his wealth skyrocket…

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?

Photo: Hurun Rich List

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
346 Nicky Oppenheimer 7.7 7.9 +2.6%
457 Johann Rupert 5.8 6.4 +10.3%
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%

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Presh JM Reporter

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