South African billionaire Nicky Oppenheimer’s financial trajectory continues to rise, with his net worth expected to reach $10.7 billion by 2024, consolidating his position as South Africa’s second-richest man and the continent’s third-wealthiest.
The Bloomberg Billionaires Index, which tracks the fortunes of the world’s 500 wealthiest individuals, shows that the leading South African billionaire’s net worth has increased by $850 million since January 1, 2024, from $9.85 billion to $10.75 billion as of this report’s drafting.
Nicky Oppenheimer’s financial fortunes changed dramatically in 2012, when his family sold their 40 percent ownership in De Beers, the world’s largest diamond producer. The $5.2 billion cash agreement with mining colossus Anglo-American was the foundation of Oppenheimer’s fortune. Oppenheimer’s portfolio has grown steadily since then, and his net worth will have climbed by $1.82 billion by 2023.
The recent increase in Nicky Oppenheimer’s fortune is mostly due to the persistent appreciation of his many private interests. These stakes, managed by organizations such as Stockdale Street in London and Tana Africa Capital in Johannesburg, have made a substantial contribution to his expanding net worth.
Oppenheimer now has a net worth of $10.7 billion, ranking 223rd on the global wealth list. He surpasses Swedish billionaire Antonia Axson Johnson and Samsung Electronics Chairman Jay Y. Lee, who are both valued at $10.6 billion.
Oppenheimer is Africa’s third richest person, after only Nigerian billionaire Aliko Dangote and South African luxury goods mogul Johann Rupert, who heads Richemont.
Apart from his successful economic efforts, Oppenheimer is well-known for his commitment to wilderness protection. He co-owns Tswalu Kalahari, South Africa’s largest private game reserve, with his son Jonathan, and it acts as a key sanctuary for animals while also greatly contributing to the preservation of the region’s natural biodiversity.
Furthermore, Oppenheimer’s ownership of the 65,000-hectare Shangani Ranch is critical in permitting animal migration routes and supporting the local economy through job creation and beef exports to the United Kingdom.