These Are The Top 10 Richest People In South Africa On The JSE. The Johannesburg Stock Exchange (JSE Limited) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. The JSE provides a market where securities can be traded freely under a regulated procedure. It not only channels funds into the economy, but also provides investors with returns on investments in the form of dividends. Some of the biggest companies that are owned by some of the wealthiest people in the country are traded on the JSE, below are some of the richest South Africans on the JSE according to a Billionaires Africa report.
Patrice Tlhopane Motsepe is a South African mining billionaire businessman of Tswana descent. Motsepe’s net worth is estimated to be $2.5 billion and according to the JSE report, Motsepe owns 46 percent of the ARM company – a shareholding worth $1.7 billion. He also has a 7.8 percent stake in financial services giant Sanlam and 27 percent of African Rainbow Capital Investments.
Michiel le Roux
Le Roux’s net worth on the JSE is estimated to be $1.3 billion. He is the founder of Capitec and currently owns a 10.84-percent stake in the company. He served as chairman of the board of Capitec from 2007 to 2016 and has continued on as a board member.
Rupert’s net worth on the JSE is estimated to be $1.2 billion. According to the report Johann Rupert owns 1 percent of Remgro’s publicly traded ordinary shares and controls all of Remgro’s class-B shares through Rembrandt Trust. He also owns 24.9 percent of Reinet Investments SCA, an investment firm that is listed on the Luxembourg and Johannesburg stock exchanges.
Ivan Saltzman & family
Ivan Saltzman &family’s net worth on the JSE is estimated to be $1.005 billion. Ivan Saltzman owns 54.41 percent of Dis-Chem Pharmacies – the second-largest retail pharmacy chain in South Africa, through his family trust according to the report.
Najib & Taha Mikati
The Mikati brothers’ net worth on the JSE is estimated to be $871.6 million. These brothers own a combined 6.74-percent stake in MTN Group.
Ravazzotti’s net worth on the JSE is estimated to be $850.9 million. Giovanni Ravazzotti is the founder of Italtile, South Africa’s biggest leading franchiser, retailer, and manufacturer of tiles, bathroom ware and related products. He owns 33.88 percent of Italtile through Rallen Proprietary Limited.
Wiese’s net worth on the JSE is said to be $ 762.7 million. Christoffel Wiese is the biggest shareholder in Brait, which owns Premier Foods, Virgin Active, and UK clothing group New Look. He also owns 11.44 percent of Shoprite Holdings, which has supermarkets and furniture stores across various African countries.
Saad’s net worth on the JSE is said to be $710.7 million. Stephen Saad owns a 12.55-percent stake in Aspen Pharmacare Holdings, the pharmaceutical company he founded.
Isaias Jose Calisto
His net worth on the JSE is estimated to be $694.3 million. Isaias Jose Calisto is the founder and controlling shareholder of Karooooo Investment – a leading global mobility SaaS platform, which owns Cartrack. Calisto owns a 65.97 percent stake in Karooooo.
Dippenaar’s net worth on the JSE is estimatedto be $556.4 million. According to the report, Laurie Dippenaar and his family trust own 1.76 percent of Firstrand, which is valued at $395.6million. Dippenaar also owns 4.81 percent of Rand Merchant Investment.