What Are Millionaires?
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. Many national currencies have or have had at various times, a low unit value, in many cases due to past inflation. It is much easier and less significant to be a millionaire in those currencies, thus a millionaire (in the local currency) in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term ‘millionaire’ generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, euro, or pound sterling.
How Many Millionaires In South Africa?
There are many self-made South African millionaires. Others were born into wealthy families and have invested in industries that pay well. Some of the wealthiest people in the country are known for their flashy lifestyles.
Many people dream of becoming wealthy. As a result, they work hard to achieve millionaire status. Discover the top millionaires in contemporary South Africa and the businesses they run.
1. Nicky Oppenheimer – R95.2 billion
2. Johann Rupert – R82.96 billion
3. Christoffel Wiese – R76.16 billion
4. Ivan Glasenberg – R65.28 billion
5. Patrice Motsepe – R34.4 billion
6. Koos Bekker – R28.56 billion
7. Allan Gray – R24.48 billion
8. Stephen Saad – R16.32 billion
9. Jannie Mouton – R13.6 billion
10. Lauritz Dippenaar – R8.5 billion
11.Cyril Ramaphosa- R8 billion
12. Vusi Thembekwayo – R8 billion
13.Michiel Le Roux – R7.2 billion
14. Raymond Ackerman – R6.9 billion
15. Adrian Gore – R6.7 billion
16. Gerrit Thomas Ferreira – R5.8 billion
17. Gus Attridge – R5.7 billion
18. Giovanni Ravazzotti – R4.73 billion
19. Desmond Sacco – R4.73 billion
20. Mark Shuttleworth – R4.73 billion
21. Wendy Appelbaum – R4.73 billion
22. Paul Harris – R3.4 billion
23. Tokyo Sexwale -R2.9 billion
24. Wendy Ackerman – R2.5 billion
25. Sipho Nkosi – R1.9 billion
26. Irene Charnley – R1.5 billion
27. Bridgette Radebe – R1.3 billion
28. Zwelibanzi Vincent Mntambo -R1.1 billion
29. Yvonne Chaka Chaka – R1 billion
30. Black Coffee -R933 million
31.Nkululeko Leonard Sowazi – R26 million
32. Mike Teke – R682 million
33. Saki Macozoma – R565 million
34. Dalikhaya Zihlangu – R533 million
35. Richard Maponya -R400 million
36. Jacob Zuma – R290 million
37. Steve Hofmeyr – R245 million
38. AKA -R170 million
39. Somizi -R77 million
40. Rebecca Malope -R60 million
41. Die Antwood -R49 million
42. Casper Nyovest – R46 million
43. Kwesta – R31 million
44. Oskido – R31 million
45. DJ Euphonik – R29 million
46. Da L.E.S – R18 million
47. K.O -R17 million
48.Tumi Molekane -R16 million
49. Juanita Du Plessis – R16 million
50. Mathibeli Mokhothu –R30.00
What Qualifies Someone As A Millionaire?
A millionaire is somebody with a net worth of at least $1 million. It’s a simple math formula based on your net worth. When what you own (your assets) minus what you owe (your liabilities) equals more than a million dollars, you’re a millionaire.
How Do Millionaires Make Money?
Have multiple streams of income. Many self-made millionaires have money coming in from several places, including their salaries, dividends from investments, income from rental properties, and investments they have made in other business enterprises, to name a few examples