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

Born28 January 1962 (age 59 years), Ga-Rankuwa, South Africa
Net worth2.7 billion USD (2022) Forbes
SpousePrecious Moloi-Motsepe (m. 1989)
ChildrenKgosi Motsepe, Thlopie Motsepe, Kabelo Motsepe
EducationSt Marks High, University of the Witwatersrand, Johannesburg, University of Eswatini – Kwaluseni Campus
SiblingsTshepo Motsepe, Bridgette Radebe
ParentsAugustine Motsepe, Key Motsepe
Patrice Tlhopane Motsepe is a South African mining tycoon who is worth a billion dollars. He has been acting as the President of the Confederation of African Football (CAF) since the organization’s inception on March 12, 2021. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. African Rainbow Minerals is headquartered in Johannesburg, South Africa.
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

Born17 November 1952 (age 69 years), Soweto, South Africa
Net worth$800 Million USD (2022) Forbes
NationalitySouth African
Presidential term15 February 2018 –
SpouseTshepo Motsepe (m. 1996), Nomazizi Mtshotshisa (m. 1991–1993)
Previous officesChairperson of the African Union (2020–2021), Deputy President of South Africa (2014–2018)
EducationUniversity of South Africa (1981), University of Limpopo
This is the fifth President of South Africa and the current President. His appointment came as a result of Jacob Zuma’s impeachment and subsequent removal from power. Cyril Ramaphosa is well-known for his abilities as a bargaining tactician.
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

Net worth$600 Million USD (2022) Forbes
NationalitySouth African

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.

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4. Tokyo Sexwale

Born5 March 1953 (age 68 years), Soweto, South Africa
Net worth$200 Million USD (2022) Forbes
Full nameTokyo Mosima Gabriel Sexwale
SpouseJudy van Vuuren (m. 1993–2014)
ChildrenGabrielle Sexwale, Chris Sexwale
EducationOrlando West High School (1973), University of South Africa, National University of Lesotho
SiblingsMagirlie Koape, Mathabatha Sexwale, Johnny Sexwale, Lesetja Sexwale
ParentsFrank Sexwale, Godlieve Sexwale
In addition to being a successful businesswoman and politician, Tokyo Sexwale is an anti-apartheid campaigner and former political prisoner from South Africa. Sexwale was imprisoned on Robben Island for his anti-apartheid efforts, alongside luminaries like as Nelson Mandela, and was released after a period of release in 1993.
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

Born7 April 1960 (age 61 years), Kwa-Thema, Springs, South Africa
Net worth$120 Million USD (2022) Forbes
SpouseNontokozo nee Sibiya (m. 1989)
Freedom Nhleko is a South African businessman who was previously the chief executive and executive chairman of MTN Group, a South African international mobile telecommunications firm with a primary focus on Africa. Nhleko was born in Pretoria, South Africa.

6. Sipho Nkosi

Net worth$117 Million USD (2022) Forbes

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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

Born11 March 1976 (age 45 years), Durban, South Africa
Net worth$60 Million USD (2022) Forbes
SpouseEnhle Mbali Mlotshwa (m. 2011–2019)
GenresHouse; classical
ParentsFaith Dandala
AlbumsThe Rest Place Is the Mummy Case, Adagio, Africa Rising, The Djoon Experience, Hazy Days
ChildrenLilitha Maphumulo, Anesu Maphumulo, Esona Maphumulo, Asante Maphumulo
Nkosinathi Innocent Sizwe Maphumulo, better known by his stage name Black Coffee, is a South African DJ, record producer, and songwriter who is most recognized for his work in hip hop music genre. He has been successful in turning his natural skill into a profitable company, which has earned him a spot on this list.

9. Nkululeko Leonard Sowazi

Net worth$50 Million USD (2022) Forbes

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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.