Nicky Oppenheimer is a benefiary of generational wealth, with his famil selling their state in De Beers for billions.
Nicky Oppenheimer was born into one of South Africa’s most formidable diamond-mining families, but when hard times hit, he had to leave the family business. and being part of one of the country’s most influential families, Oppenheimer is incredibly reserved and humble. His grandfather, , was the first generation of the family to chair the De Beers diamond mining company in South Africa, founded by Cecil Rhodes in 1888.
“He taught me business went on, and it was an assessment of risk, and to be a successful businessman, you have to take risks. There is no good being risk-averse; then you go nowhere.” reported that, despite having a degree, which typically fast-tracked him to becoming an officer, the military struggled to find a suitable role for Oppenheimer.
He was key in establishing the Kimberley Process Certification Scheme, designed to keep conflict diamonds out of the legitimate diamond market. To keep the business afloat, both Anglo American and the Oppenheimer family contributed additional funds, a risky move given their predicament.
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