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Meet Limpopo’s rarest ‘billionaire’

According to various reports, Hendrick Makuya, who hails from Limpopo and is rumored to be worth a billion dollars, washes his face with a two-liter bottle of Coca-Cola.

He is able to finish R10K in a single day, and he provides his dogs with a wide variety of foods and beverages, including cold drinks, Doritos, 100% juices, Wors, pork, and pizza.??

He asserted that the reason he never consumes water is because he always has Hennessy available to him. He is also single, but according to his statements, he intends to take advantage of his financial security for a while before committing himself to a partner.

Do you believe that this man is doing a good job of representing South Africa and that he is an example to a significant number of people?

The following is a list of the the real wealthiest people in South Africa as of the beginning of the year 2022:

According to information derived from Forbes’ real-time ranking of billionaires, several of South Africa’s wealthiest people continued to add to their fortunes in 2021. Leading the pack was Johann Rupert, whose luxury goods group Richemont soared on the Johannesburg Stock Exchange, particularly in the second half of the year.

Meet Limpopo’s rarest ‘billionaire’

According to Bloomberg, Richemont was the single most important factor in determining the level of the South African gauge this year in terms of index points. The Johannesburg shares of the luxury retailer increased by a record 84% as the sector was buoyed by resilient pandemic sales and bullish prospects for 2022. This occurred while the sector was buoyed by the fact that the pandemic has not affected sales.

The wealth of former diamond magnate Nicky Oppenheimer, Rupert, and the founder of Capitec, Michiel le Roux, all increased in 2021, whereas the wealth of mining boss Patrice Motsepe remained the same and the wealth of media mogul Koos Bekker decreased during the same time period.

Even though Motsepe and Bekker’s fortunes have moved in the opposite direction, local billionaires like Bekker and Motsepe have climbed higher up the global rankings as a result of their increased wealth.

The current rankings indicate that Johann Rupert firmly maintains his position as South Africa’s richest man. In addition, the Bloomberg Billionaire Index places his estimated net worth of $11.7 billion above Nicky Oppenheimer’s fortune of $8.0 billion.

When calculating net worth, Forbes and Bloomberg use different metrics, which results in some differences between the two publications. Despite this, Johann Rupert is consistently positioned in first place across all rankings and lists of local billionaires.

Rupert is one of the most well-known billionaires in South Africa, and he has shareholdings in a large number of companies, both in South Africa and around the world.

Through Remgro, he has holdings in a variety of businesses and industries, including those related to finance, healthcare, consumer goods, manufacturing, infrastructure, the media, and sports. In addition to owning more than 9 percent of the total shares in the company, which gives him voting power of 51 percent, he also serves as the chairman of Richemont, which is the parent company of luxury brands such as Cartier, Dunhill, and Mont Blanc. Rupert’s holdings in Richemont are worth more than R100 billion thanks to the company’s market cap of R1.17 trillion.

Rupert’s portfolio has weathered the storm and contributed as much as R54 billion to his net worth despite the ongoing pressure from the Covid-19 pandemic in 2020 and 2021. This was consistent with the fortunes of a good number of the wealthiest people in the world over the past year.

According to the Bloomberg index, which follows the public portfolios of the world’s billionaires, the wealth of the world’s richest people increased by a combined total of $402.17 billion in 2021.

This was spearheaded by Elon Musk, CEO of Tesla, who was born in South Africa and added an additional $121 billion to his net worth in 2021 alone, accounting for 30% of the total increase. As a result of the meteoric rise in the price of Tesla shares in 2021, which propelled the company’s market cap well past a valuation of $1 trillion, Elon Musk became the first person in history to see his personal wealth surpass $300 billion.

Despite the fact that he has dropped below that incredible number, the CEO of a tech company is still the richest man in the world, surpassing his closest competitor, Jeff Bezos, who is the CEO of Amazon, by as much as $80 billion.

Bezos, who for a time was also ranked as the richest man in the world, was one of a number of other high-earners whose fortunes surpassed $100 billion around the same time that Musk’s did. Musk was not alone in his success, however, as a host of other top-earners saw their fortunes exceed $100 billion.

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