Monday, December 08, 2014

South Africa's Richest

The ten richest people in South Africa have a combined wealth of R205 billion – an 81.4% increase from 2013’s report. Despite two decades of empowerment deals, only 13 of the top 100 richest South Africans are black, with only two women listed in the top 100 as well – Aspen chair, Judy Dlamini (40th, with R1.05 billion) and lawyer, Sharon Wapnick (74th, worth R637 million).

New number one, Ivan Glasenberg, CEO of Glencore, has a total wealth of R61.3 billion, knocking off former list-topper, Shoprite investor Christo Wiese, who is estimated to be worth R35.8 billion. Following the acquisition of Wiese’s Pepkor business by Steinhoff, the Shoprite head could see his fotunes bolstered by as much as R30 billion, which would put him squarely at the top of the list.

In terms of salaries, the Rich List tells a different story, featuring a completely different set of names. Anglo American CEO, Mark Cutifani ranks number one as South Africa’s top earner in 2013, having taken home R106 million for the year – up over 146% from 2012. This is followed by Old Mutual CEO, Julian Roberts, who took home R73 million for the year. Seven of the top 10 earners took home over R50 million in 2013, while none in the top 100 earned less than R14 million.

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