in ,

SA’s 2nd Richest Man Nicky Oppenheimer’s Fortune Grows by $200M in 12 Days.”

South African billionaire Nicky Oppenheimer strengthened his position as the second-richest individual in South Africa and the third-wealthiest on the African continent, with a staggering $200 million gain in his fortune over the last twelve days.

Oppenheimer’s net worth has increased by $200 million in the last 12 days, from $10.3 billion on February 28 to $10.5 billion, according to the Bloomberg Billionaires Index, which counts the wealth of the world’s top 500 billionaires. This amounts into an average daily gain of $16.7 million since February 28.

The recent $200 million increase in Oppenheimer’s wealth, which contributes to a year-to-date gain of $675 million, is due to the revaluation of his diversified interests, which are principally managed through his enterprises, Stockdale Street in London and Tana Africa Capital in Johannesburg.

Oppenheimer is the 229th richest person in the world, with a net worth of $10.5 billion. In South Africa, he is the country’s second-richest man, trailing only luxury goods magnate Johann Rupert, who sits on the board of Richemont.

Nicky Oppenheimer’s commercial success is highly recognized, especially given his influence in the diamond sector. Notably, he sold his family’s 40% ownership in De Beers to mining corporation Anglo-American for an astonishing $5.2 billion in 2012.

Beyond his successful economic efforts, Oppenheimer is known for his commitment to wilderness protection. He and his son, Jonathan, co-own Tswalu Kalahari, South Africa’s largest private game reserve, which acts as a wildlife sanctuary and is critical to the preservation of the region’s natural biodiversity.

The South African billionaire owns the 65,000-hectare Shangani Ranch, which supports the local economy by employing 400 people and exporting cattle to the UK.

Leave a Reply

Your email address will not be published. Required fields are marked *

Zak Calisto Earns $41.7 Million from Karooooo Investment in South Africa

FirstRand Stake of South African Mogul Laurie Dippenaar Dips Under $340M