Cape Town – The Sunday Time’s Rich List, due to be published next week, shows three mining bosses are among the country’s 10 wealthiest people – despite a slowing economy and continued mining strikes.
According to the newspaper, the little known Glencore [JSE:GLN] mining tycoon Ivan Glasenberg is the wealthiest of the three mining bosses with a net worth of about R60bn; followed by Patrice Motsepe who is worth more than R18.4bn and Des Sacco, from Assore Limited [JSE:ASR], at R13.5bn.
The study also shows that the highest paid CEO last year was Old Mutual’s [JSE:OML] Julian Roberts who earned a whopping R73m while Sasol’s [JSE:SOL] CEO David Constable made R4.4m a month.
Shoprite’s [JSE:SHP] CEO Whitey Basson made R49.6m last year, while Anglo American Platinum’s [JSE:AMS] CEO Chris Griffith made R12.9m including a R4m bonus.
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The Sunday Times Rich List also shows that 20 years after democracy – only 14 of the top 100 are black. However, women fared even worse. Only three women made it onto the list. They are Tracey Wardle King in 36th place; Judy Dlamini in 50th and Sharon Wapnick in 74th place.
South Africans wealthier than the Queen
This article comes after News24 reported earlier this month that Britain’s billionaires and multi-millionaires are richer than ever, with a healthy sprinkling of South African names helping to boost their collective wealth by 13% from last year to £518.9bn – about one-third of the nation’s Gross Domestic Product. This was revealed in the latest UK Sunday Times Rich List 2014, a report which ranks the 1 000 richest people in the UK.
Nicky Oppenheimer, 68, of De Beers fame, is listed among the UK’s top 20 billionaires, with his family’s fortune estimated at £4.57bn (about R80bn). At #18, he is apparently wealthier than the Queen of England, who comes in at 285 on this list, with an estimated £330m (R6bn) – £10m up on last year thanks to rising land and estate prices.
Also higher on the list than Queen Elizabeth II is South African-born Sir Donald Gordon, age 83, and family. Gordon was founder of assurer Liberty Life. According to the Sunday Times, Gordon and family rank 155th, with stakes in property making up a considerable portion of the £650m (about R12bn) they are believed to have.
Douw Steyn, 61, and family also appear on the league of Britain’s richest ahead of Her Royal Highness, who is 88. The Sunday Times estimates that the “flamboyant tycoon”, whose 50th birthday bash included former presidents Nelson Mandela and Bill Clinton on the guest list, is worth £600m (about R10bn).