South Africa is one of the most developed countries in Africa and with development comes opportunities and riches and this is the reason South Africans make up most of the list of richest people in Africa. Looking within the confines of South Africa, who are the richest people in South Africa? Answers Africa takes an in-depth look at the richest men and women in South Africa. These are individuals with huge amount of wealth worth billions of United States dollars who have built successful business empires and also qualify as big time investors. Some of them became established by through their family wealth and some build successful businesses from scratch while some others took loans and converted it into billions. Below is the list of richest people in South Africa.
Richest People in South Africa
10. Gerrit Thomas (GT) Ferreira
GT Ferreira is a South African self made millionaire with a total net worth of $480 million. This has placed him among the wealthiest people in South Africa. Gerrit Thomas’ source of wealth spans across insurance, banking and finance. He co-founded Rand Consolidated Investments in 1977 with Laurie Dippenaar and Paul Harris which eventually became Rand Merchant Bank, and after a series of mergers and acquisitions became the FirstRand group; one of the biggest banks in South Africa. He currently serves as a non-executive chairman of RMB Holdings. He has a great taste for good wine which may have ignited his interest the Tokara vineyard and winemaker which he ownes. According to Ferreira, wine is all about ROE, or “return on ego” rather than on equity. It is worthy of note that Tokara has been a success with the wine critics, winning gold medals every year since it started to produce wine under its own label.