Top 15 JSE-listed executives in South Africa
The City Press Wealth Index, compiled by Who Owns Whom, is a list reflecting the 50 wealthiest South African directors of JSE-listed companies according to the shares they owned at the end of March. Importantly, no other assets, such as shares, bonds, and debt, are taken into consideration in this ranking. Altogether, the 50 executives on this list are worth a cumulative R323 billion!
Here are the top 15 JSE-listed executives in South Africa:
Name
Age
Company
Worth
Ivan Glasenberg
61
Glencore
R71.8 billion
Christo Wiese
76
Shoprite, Brait, Steinhoff and Tradehold
R32.8 billion
Patrice Motsepe
56
African Rainbow Minerals and Sanlam
R22.8 billion
Laurie Dippenaar
69
FirstRand
R15.8 billion
Ivan Saltzman
68
Dischem
R15.6 billion
Stephen Saad
54
Aspen
R14.4 billion
Koos Bekker
65
Naspers
R13.6 billion
Johann Rupert
68
Reinet, Remgro and Richemont
R13.2 billion
John Whittaker
76
Intu Properties
R12.9 billion
Michiel le Roux
69
Capitec
R11.6 billion
Desmond Sacco
77
Assore
R9.8 billion
Jannie Mouton
72
PSG
R9.3 billion
Adrian Gore
54
Discovery
R8.5 billion
Giovanni Ravazzotti
75
Italtile
R5.2 billion
Gus Attridge
57
Aspen
R4.9 billion
Reflections on the Wealth Index:
The list speaks highly of the current wealth gap in South Africa. Of the top 50, only 5 executives are black. A decade ago, there were 13 black executives on the list.
Coming in at the 40th spot, Sygnia chief executive Magda Wierzycka is the only woman to make the list.
The average age of the top 50 execs is 61.
The assets underpinning the top 50’s fortunes have shifted decisively away from mining with the spectacular rise of financial services companies and the appearance in South Africa of frequently speculative property investment vehicles, real estate investment trusts, pioneered in the US. While ,Wendy Appelbaum is estimated to be the richest woman in South Africa, she is not on the list because she has no current JSE-directorship.
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