Historically, South Africa was considered a black man’s nation. This was before the arrival of the whites in the area. The result of this is that South Africa has an extremely diverse population of both black and white people. Many South Africans have achieved great success in their various industries, and as a result, they have become quite wealthy. You may get a list of the wealthiest men in South Africa.
Richest Black Men In South Africa
1. Patrice Motsepe
Patrice Motsepe is the wealthiest black person in South Africa. He also bears the distinction of being the first black person in South Africa to achieve the status of a billionaire (in USDollars). He is involved in the mining industry and is the owner of African Rainbow Minerals.
2. Cyril Ramaphosa
Matamela Cyril Ramaphosa, the president of South Africa, is 68 years old and is the country’s current leader. Prior to becoming President, he co-founded the Shanduka Group and served as its Executive Chairman before becoming President. The corporation held stakes in McDonald’s SA subsidiaries, mining companies, Coca-Cola bottling facilities, and banking institutions, among other things. Cyril was also the Chairman of the Bidvest Group and the MTN Corporation.
3. Vusi Thembekwayo
Mr. Vusi is a businessman of 34 years old who serves as the CEO and President of Watermark Advisory Limited. He’s also a well-known public speaker, venture capitalist, and actor, among other things. He is a member of the Dragons Den South Africa cast.
4. Tokyo Sexwale
Sexwale comes in at number three on the list. Tokyo As a result of the 1994 general elections held in South Africa, Sexwale was appointed Premier of the Gauteng Province. He is reported to have a net worth of over $200 million, making him one of the wealthiest political figures in South Africa.
5. Phutuma Nhleko
6. Sipho Nkosi
Net worth: $117 Million USD (2022) Forbes
Sipho formerly worked for a coal firm (Anglo Coal) before forming his own with the assistance of a few other people. He then purchased Anglo Coal and now has stock in a number of other firms.
7. Vincent Mnthambo
Net worth: $70 Million USD (2022) Forbes
Zwelibanzi Vincent Mntambo is a former instructor at the University of South Africa (UNISA). ASG Consulting Solutions is the company he founded with his brother, Sediba Accord, and Sediba Consulting. He also serves as the chairman of ASG Consulting Solutions. In addition, he serves on the boards of directors for Eyesizwe Coal, Everest Applied Technologies, and Exxaro Resources LTD.
8. Black Coffee
9. Nkululeko Leonard Sowazi
Net worth: $50 Million USD (2022) Forbes
Throughout his professional life, Leonard has been connected with around 19 different firms. He is a co-founder of Tiso Group and owns stock in the Emira Property Fund and Litha Healthcare Groups, among other companies. He presently serves as the Chairman of a number of companies, including Kagiso Tiso Holdings, Idwala Industrial Holdings, Home Loan Guarantee Company, Financial Markets Trust, and other similar organizations.
10. Mike Teke
Net worth: $45 Million USD (2022) Forbes
Mike is the Executive Chairman and Managing Director of Masimong Group Holdings Proprietary Limited, which he founded in 2003. Aside from that, he serves as the President of the Chamber of Mines and formerly served as the Chief Executive Officer of Optimum Coal Holdings. In just two years, the value of Optimal Coal had increased to $809 million dollars. Teke has held a variety of various positions at a variety of organizations throughout his career.