The City Press Wealth Index was released on Sunday. The survey, compiled by Who Owns Whom, reflects the wealthiest directors of JSE-listed companies according to the shares they owned at the end of March. The list only focuses on their shares, no other assets.
Together, the top twenty execs own more than R280 billion in shares – about R50 billion more than the market capitalisation of Vodacom.
Their share investments are also worth more than South Africa spends a year on all social grants (R259 billion), which are paid to 16.5 million individuals, and far more than the country’s total healthcare budget (R205 billion).
The list is increasingly dominated by white males. A decade ago, 13 black people were among the top 50 – this year, only five black people were on the list.
Females don’t feature. In fact, there were more executives named ‘Stephen’ (three) on the list, than any women. The only woman who made it was Sygnia’s Magda Wierzycka, at number 40.
Here are the top twenty execs, according to the City Press Wealth Index:
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
GT Ferreira (70) Remgro, RMI: R4.9 billion
Barry Swartzberg (52) Discovery: R4.4 billion
Zak Calisto (51) Cartrack Holdings: R3.9 billion
Quinton van Rooyen (54), Trustco: R3.4 billion
Des de Beer (56), Nepi: R2.7 billion
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