South Africa's billionaires fortunes after a turbulent 2022
Given the current rankings, Johann Rupert firmly maintains his position as South Africa’s richest man, with the Bloomberg Billionaire Index also placing his net worth of an estimated $10.8 billion , which is still well above Nicky Oppenheimer’s $8.5 billion fortune .
Remgro released its annual results for 2022 on 27 September 2022, which revealed that the company more than doubled its earnings – reporting a 125% increase in headline earnings per share to R11.51 for the year. Remgro has performed relatively well, with a year-to-date increase of 4.5% compared with the JSE all-share index sitting at a year-to-date gain of only 1.3%.
However, while Musk sits on the throne as the world’s richest man, his fortune dropped significantly in 2022, as he had an estimated worth of $304.2 billion in January – losing ten times what Rupert is worth over the course of 2022. He even briefly dipped to the second spot this week before recovering the number-one ranking.
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