Forbes South Africa’s Billionaires 2023: 9 Richest Men In South Africa — Cars & Net Worth

South Africa is one of the top countries in Africa, with several self-made billionaires. According to records, there are over 39,000 South African millionaires as of 2023. Most of these billionaires have acquired their wealth through their various business engagements.

In this article, we look at the top 9 billionaires in South Africa, their cars, and their net worth. 

1. Lauritz (Laurie) Dippenaar ($610 Million)

Lauritz (Laurie) Dippenaar is a 74-year-old South African billionaire born on the 25th of October 1948. The businessman, investor, and banker co-founded Rand Consolidated Investing, a financial service in South Africa. He also formed FirstRand Bank, which is one of the leading financial institutions in South Africa. 

There are no public records of the cars that South Africa’s #1 billionaire has. However, with his net worth, the billionaire can afford cars like:

• Rolls-Royce Phantom
• Range Rover Evoque
• 2022 Toyota Land Cruiser
• 2022 Bentley Continental

2. Raymond Ackerman ($500 Million)

Ackerman is another 91-year-old billionaire businessman in South Africa who founded the supermarket chain Pick N Pay Group. He was born on the 10th of March 1931 and ranked #2 on the top list of SA billionaires. Currently, his supermarket chain has over 870 retail stores across Africa and Australia. 

The billionaire owns multiple vehicles and properties, but no public record exists. However, with his net worth, the billionaire can afford cars like:

• Mercedes-Maybach Exelero worth $8 Million
• Rolls-Royce Ghost
• Bugatti Divo worth $6 Million
• Lamborghini Veneno worth $4 Million

3. Adrian Gore ($480 Million)

Adrian is one of the top richest men in South Africa. He was born on the 16th of May 1964. He founded Discovery Holdings, a leading insurance firm in South Africa. Currently, his Insurance company provides at least 200,000 companies and over 2,000,000 people with health insurance. 

While there are no public records of the cars the #3 billionaire in South Africa has, here are cars he can afford with his net worth:

• Mercedes-Maybach Exelero worth $8 Million
• Bugatti Mistral worth $5 Million
• Lamborghini Veneno worth $4 Million
• Pagani Huayra BC Roadster worth $3.5 Million

4.  Cyril Ramaphosa ($450 Million)

Cyril Ramaphosa is another wealthy South African man born on the 17th of November 1952. He is the fifth democratically elected president of the Republic of South Africa. However, he returned from his business after assuming a public office position.

He founded Shanduka Group, an investment firm interested in multiple industries. President Ramaphosa is chauffeured in a presidential motorcade and has car collections and properties in Cape Town & Johannesburg.

Although the South African president has an official ride, here are some of the cars he personally owns:

• Mercedes Benz C64 AMG
• BMW X3 M40i
• Toyota 4 x 4 Hilux Raider
• Volkswagen Polo

5. Gerrit Thomas (GT) Ferreira ($420 Million)

Gerrit Thomas is a South African billionaire born on the 6th of April 1948. He is a businessman, banker, and investor. He is one of the co-founders of FirstRand Bank, alongside Laurie Dippenaar and Paul Harris. 

The billionaire also runs his family-owned vineyard called Tokara and a nature conservancy. He owns a series of luxury cars and properties in South Africa.

While Gerrit Thomas owns a private jet, there are no public records of his cars. However, here are cars he can afford with his net worth:

• Mercedes-Maybach Exelero worth $8 Million
• McLaren Solus worth $3.5 Million
• Bugatti Chiron Pur Sport worth $3.3 Million
• Rolls-Royce Phantom

6. Mosima Gabriel “Tokyo” Sexwale ($200 Million)

Mosima Gabriel is a South African billionaire born on the 5th of March 1953. He founded Mvelaphanda Group, focusing on mining, financial services, real estate, and healthcare. He also founded a media group called Tiso Blackstar Group. 

The billionaire owns several properties in SA and a fleet of luxurious cars. However, his cars are not public knowledge. Here are the cars he can afford with his net worth:

• 2022 Rolls-Royce Phantom
• 2022 Range Rover Evoque
• Gordon Murray T.50 worth $3.08 Million
• Ferrari Pininfarina Sergio worth $3 Million

7. Sipho Abednego Nkosi ($163 Million)

Sipho Abednego Nkosi is a South African billionaire born in 1954. He owns approximately 89,000 units of Tronox PLC stocks and is the company’s director engaging in stock trading for years. The billionaire is also the CEO of Exxaro Resources. However, he keeps his personal life private as no details are online.

Personal information about Sipho Abednego’s cars is scarce online. However, with his net worth, here are the cars he can afford:

• 2021 Rolls Royce Ghost 
• Bugatti Divo worth $4 Million
• Aston Martin Victor worth $3 Million
• Mercedes AMG One worth $2.7 Million

8. Phuthuma Nhleko ($142 Million)

Phuthuma Nhleko is another South African billionaire born on the 7th of April, 1960. His business interests are in petroleum, telecommunications, and information technology. He is a Civil Engineer and founded Worldwide African Investment Holdings in 1994. In 2012, he co-founded the Pembani Remgro Infrastructure Fund with Johann Rupert. The billionaire has a series of luxury cars that includes:

There is no public knowledge of the cars Phuthuma Nhleko owns. But, with his net worth of $142 million, here are cars he can afford:

• Rolls Royce Ghost worth $350k
• Ferrari F60 America worth $2.5k
• Range Rover Velar
• Lamborghini Aventador
• Bugatti Veyron Super Sport worth $2.4 Million

9. Zwelibanzi Vincent Mntambo ($95 Million)

Zwelibanzi Vincent is a 64-year-old South African Billionaire who founded the company Eyesizwe Coal, a mining company that has earned him financial success. In 2006, the billionaire’s company, Eyesizwe Coal, merged with Kumba Resources Limited to form Exxaro Resources Limited.

The billionaire owns many cars and assets, but they are not publicly displayed online. However, here are cars he can afford with a net worth of $95 million.

• 2022 Toyota Land Cruiser 70th Anniversary
• 2022 Lamborghini Urus
• Aston Martin Vulcan worth $2.3 Million
• McLaren Speedtail worth $2.25 Million

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Conclusion

There are thousands of billionaires and millionaires in South Africa. But, these are the top 9 on the list who have acquired their wealth specifically from engaging in several businesses.