Nicky Oppenheimer, South Africa’s second-richest man, has achieved a stunning recovery from a temporary dip in fortune, increasing his net worth by $800 million in just two weeks. According to the Bloomberg Billionaires Index, the 79-year-old businessman’s net worth has increased from $10.5 billion to $11.3 billion since August 8.
This new increase comes after Oppenheimer’s wealth fell from $11.3 billion to $10.5 billion between July 18 and August 8, a significant drop. The resurgence has increased his year-to-date wealth gains to $1.45 billion and reinforced his position as Africa’s third-richest individual, as well as the 214th richest person in the world.
Oppenheimer’s net worth has increased significantly due to the strong profitability of his private equity investments. His investments in London-based Stockdale Street and Johannesburg-based Tana Africa Capital have generated substantial returns. This highlights the volatility and potential of private equity investments, as well as Oppenheimer’s ability to manage and capitalize on these assets.
Oppenheimer’s financial success is matched by his enormous contributions to the diamond business. In 2012, he led the sale of his family’s 40% stake in De Beers to Anglo-American for $5.2 billion. This strategic decision was a watershed moment in his career, setting a precedent for high-value asset sales in the mining industry.
Aside from his commercial pursuits, Oppenheimer is a well-known humanitarian and conservationist. He and his son, Jonathan, co-own Tswalu Kalahari, South Africa’s largest private game reserve. The reserve is committed to wildlife protection and preserving the region’s natural biodiversity.
Oppenheimer owns the Shangani Ranch, a 65,000-hectare area critical for wildlife movement. The ranch provides 400 local jobs and improves the economy through beef exports to the United Kingdom. His shrewd investments and resilience cement his position as one of Africa’s wealthiest people, demonstrating his financial skill and dedication to important causes.
