The Forbes Real-Time Billionaires list for 2024 reveals that six South African billionaires increased their wealth in the past year, amid global economic challenges. Elon Musk remains the world's richest individual, followed by Jeff Bezos and Mark Zuckerberg.
While the rest of the world battles to make ends meet, the Forbes billionaires all increased their wealth during the past year.The Forbes Real-Time Billionaires list for 2024 includes six South Africans who all grew their fortunes last year, while it also shows that Elon Musk is the richest person in the world with $416.1 billion, followed by Amazon’s Jeff Bezos with $233.1 billion and Meta’s Mark Zuckerberg with $212.8 billion.
A team at Forbes compiles the list by estimating the value of the billionaires’ assets, including private companies, real estate and art, discounting the value when documentation is not available. It does not include the money they have in the bank., diamond and mining giant Nicky Oppenheimer and his family, Naspers chair Koos Bekker, Patrice Motsepe, chair of African Rainbow Minerals, Capitec founder Michiel Le Roux and businessman Christo Wiese. Musk is not listed as South African.
Christo Wiese is at number 1 996 on the list with $1.6 billion. He built his Pepkor retail empire by offering bargain prices in South Africa and expanded into other African countries. Wiese stepped down as Steinhoff chairman in December 2017 after the company disclosed accounting irregularities. Its share price plummeted and Wiese lost his billionaire status. He regained his 9-figure fortune in 2022 when he settled his dispute with Steinhoff for cash and stock, including a 5% stake in Pepkor.
BILLIONAIRES FORTUNE SOUTH AFRICA ELON MUSK GLOBAL ECONOMY
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