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Nicky Oppenheimer becomes South Africa’s richest billionaire

Nicky Oppenheimer, 76, is a former chairman of De Beers diamond mining firm and its subsidiary, the Diamond Trading Company

South Africa’s richest billionaire
South Africa’s richest billionaire: Nicky Oppenheimer

Nicky Oppenheimer restores his position as South Africa’s richest billionaire with a personal net worth of $8.55 billion, according to Cape Business News.

He is one of the few billionaires in South Africa who have seen a considerable profit of about $600 million since the beginning of the year.

Nicky Oppenheimer, 76, is a former chairman of De Beers diamond mining firm and its subsidiary, the Diamond Trading Company, and the former vice-chairman of Anglo American, a British listed multinational mining company. In 2020, Forbes ranked  Anglo American as the 274th -largest public company in the world.

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Oppenheimer sold his family’s 40-percent ownership in De Beers, the world’s largest diamond miner, to mining corporation Anglo-American in 2012.  

But he has assets in Africa, the United States, Asia, and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital, which recently sold its stake in Regina, Egypt’s second-largest pasta maker and main producer of durum wheat flour.

In addition, the Oppenheimer-managed fund acquired a beneficial ownership interest in Kensington Distillers & Vintners, a manufacturer, and distributor of alcoholic beverages, created in 2014 by an experienced team of alcoholic beverage specialists.

Cape Business News claimed that since the beginning of 2022, Oppenheimer’s net worth has climbed by $600 million, from $7.95 billion at the start of business to $8.55 billion.



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