The 30 richest people on the Johannesburg Stock Exchange

South Africa’s Johannesburg Stock Exchange remains the continent’s heavyweight venue for public capital. Founded in 1887 and now based in Sandton, the JSE is one of Africa’s most important stock markets by market value and liquidity, and the primary listing venue for many of the region’s biggest blue chips.

The past year has been kind to equity holders. The JSE’s headline indices have rallied strongly over the last 12 months, lifting the paper wealth of founders, executives, and long term blockholders who sit on the share registers of banks, insurers, retailers, telecoms, and mining companies.

This is Billionaires.Africa’s 2026 ranking of the richest investors on the Johannesburg Stock Exchange, measured by the estimated market value of their publicly listed equity stakes and expressed in US dollars.

Method note: Values are estimates based on early February 2026 market prices and market capitalizations, translated from rand into dollars using a prevailing spot reference rate.

(1) Michiel Le Roux
Portfolio value: $3.7 billion
Holdings: 11.39% stake in Capitec Bank
Michiel Le Roux is a South African banker best known as the founder of Capitec. Capitec is a mass-market retail bank that built its franchise on simplified products, low fees and high-volume transactional banking.

(2) Patrice Motsepe
Portfolio value: $2.7 billion
Holdings: 40.37% stake in African Rainbow Minerals; 7.8% stake in Sanlam; 27% indirect stake in African Rainbow Capital Investments
Patrice Motsepe is a South African mining entrepreneur and investor. African Rainbow Minerals is a diversified mining company, Sanlam is one of Africa’s largest insurers and asset managers, and African Rainbow Capital Investments is a listed investment vehicle with stakes across financial services and other sectors.

(3) Piet Mouton
Portfolio value: $2.1 billion
Holdings: 5.78% stake in Capitec Bank; 14.64% stake in PSG Konsult; 3.17% stake in Curro
Piet Mouton is a South African business executive associated with the PSG group. PSG Konsult is a wealth manager and financial advice platform, and Curro is a private education operator that runs schools across South Africa.

(4) Johann Rupert
Portfolio value: $2.1 billion
Holdings: 6.87% stake in Remgro; 26.84% stake in Reinet
Johann Rupert is a South African dealmaker and long-term investor. Remgro is an investment holding company with stakes across telecoms, consumer and financial assets, while Reinet is an investment vehicle best known for its large interest in British American Tobacco and other investments.

(5) Jannie Mouton
Portfolio value: $1.9 billion
Holdings: 5.11% stake in Capitec Bank; 12.83% stake in PSG Konsult
Jannie Mouton is the founder of PSG and a prominent South African investor. His listed holdings are concentrated in Capitec, the retail bank, and PSG Konsult, the wealth and advisory business.

(6) Najib Mikati
Portfolio value: $723 million
Holdings: Attributed 6.72% stake in MTN Group via M1 Limited
Najib Mikati is a Lebanese businessman and political figure with a long history in telecoms. MTN Group is one of Africa’s largest mobile operators, with networks across multiple emerging markets.

(7) Taha Mikati
Portfolio value: $723 million
Holdings: Attributed 6.72% stake in MTN Group via M1 Limited
Taha Mikati is a Lebanese telecoms investor linked to M1’s strategic position in MTN. MTN is a pan-African operator focused on mobile voice, data and fintech services such as mobile money.

(8) Adrian Gore
Portfolio value: $1.3 billion
Holdings: 12.96% stake in Discovery
Adrian Gore is a South African entrepreneur who co-founded Discovery and built it into a major financial-services group. Discovery operates health insurance, life insurance and asset management, and has expanded into banking through Discovery Bank.

(9) Christoffel F. Wiese
Portfolio value: $1.3 billion
Holdings: 11.5% stake in Shoprite; 28.52% stake in Brait; 19.23% stake in Invicta
Christo Wiese is a veteran South African retail investor. Shoprite is Africa’s largest food retailer by footprint, Brait is an investment company, and Invicta is an industrial and materials handling group.

(10) Zak Calisto
Portfolio value: $1.2 billion
Holdings: 74.73% stake in Karooooo
Zak Calisto is a South African tech entrepreneur who founded Cartrack and controls Karooooo, its listed parent. The business sells vehicle telematics, fleet management and connected mobility services across multiple regions.

(11) Ivan Saltzman
Portfolio value: $645 million
Holdings: 35.12% stake in Dis-Chem Pharmacies
Ivan Saltzman is the founder of Dis-Chem, one of South Africa’s best-known pharmacy retail chains. Dis-Chem runs pharmacies, health clinics and front-of-store retail in shopping centres nationwide.

(12) Laurie Dippenaar
Portfolio value: $467 million
Holdings: 1.76% stake in FirstRand
Laurie Dippenaar is a veteran South African banker associated with the group that became FirstRand. FirstRand is one of South Africa’s largest banking groups, with major franchises including FNB and RMB.

(13) Koos Bekker
Portfolio value: $420 million
Holdings: 0.88% stake in Naspers
Koos Bekker is a South African media and technology executive credited with reshaping Naspers into a global internet investor. Naspers is the controlling shareholder of Prosus and holds investments across online classifieds, payments and food delivery.

(14) Stephen Saad
Portfolio value: $418 million
Holdings: 12.5% stake in Aspen Pharmacare
Stephen Saad is a South African businessman who founded Aspen Pharmacare. Aspen manufactures and distributes generic and branded medicines, and has built an international footprint through acquisitions and licensing deals.

(15) Barry Swartzberg
Portfolio value: $401 million
Holdings: 3.92% stake in Discovery
Barry Swartzberg is a co-founder of Discovery and a long-time executive associated with its growth. Discovery operates across health and life insurance, investments and banking.

(16) Gareth Ackerman and family
Portfolio value: $329 million
Holdings: 25.53% stake in Pick n Pay
Gareth Ackerman is the chair of Pick n Pay and a leading figure in one of South Africa’s best-known retail families. Pick n Pay is a national grocery and general merchandise retailer operating supermarkets and convenience formats.

(17) Desmond de Beer
Portfolio value: $288 million
Holdings: 9.35% stake in Resilient REIT; 15.95% stake in Lighthouse Properties
Desmond de Beer is a South African property investor associated with listed retail-focused real estate vehicles. Resilient and Lighthouse hold property portfolios that are largely concentrated in shopping centres and income-producing commercial assets.

(18) Giovanni Ravazzotti
Portfolio value: $281 million
Holdings: 33.88% stake in Italtile
Giovanni Ravazzotti is the founder of Italtile, a major player in tile and bathroom retail. Italtile sells building finishes through a network of stores and franchise brands, tied closely to the residential and renovation cycle.

(19) Steven Herring
Portfolio value: $280 million
Holdings: 87.23% stake in Heriot REIT
Steven Herring is a South African property investor who controls Heriot, a listed property company. Heriot owns and manages commercial real estate assets and operates as a concentrated, founder-led REIT-style platform.

(20) Andre du Plessis
Portfolio value: $253 million
Holdings: 0.78% stake in Capitec Bank
Andre du Plessis is a Capitec co-founder whose wealth is tied to the bank’s rise. Capitec is a retail bank focused on simplified consumer banking and high-volume transactional accounts.

(21) Gerrie Fourie
Portfolio value: $288 million
Holdings: 0.89% stake in Capitec Bank
Gerrie Fourie is the chief executive of Capitec Bank. Capitec is one of South Africa’s biggest retail banking success stories, with a large base of clients using its payments, lending and savings products.

(22) Kiriakos Anastasiadis
Portfolio value: $150 million
Holdings: 77.48% stake in Acsion
Kiriakos Anastasiadis is the founder and controlling shareholder of Acsion, a property company. Acsion focuses on commercial property holdings and development, with an emphasis on income-generating real estate.

(23) J.F. Le Roux
Portfolio value: $147 million
Holdings: 1.56% stake in Shoprite
J.F. Le Roux is a significant shareholder in Shoprite, the continent’s largest grocery retailer by scale. Shoprite operates supermarkets and discount formats across South Africa and multiple African markets.

(24) Jens Montanana
Portfolio value: $135 million
Holdings: 14.49% stake in Datatec
Jens Montanana is the founder and long-time leader of Datatec. Datatec is an ICT group with international operations, known for networking, cybersecurity and enterprise technology distribution and services.

(25) Terrence Moolman
Portfolio value: $124 million
Holdings: 47.22% stake in Caxton and CTP Publishers and Printers
Terrence Moolman is a South African media and printing entrepreneur associated with Caxton. Caxton is a publishing and printing group with newspapers, magazines and commercial printing operations.

(26) Barry Stuhler
Portfolio value: $103 million
Holdings: 9.72% stake in Lighthouse Properties
Barry Stuhler is a property investor linked to Lighthouse Properties. Lighthouse is a listed real estate company with a portfolio that includes retail and other commercial properties, with exposure beyond South Africa.

(27) Christopher Seabrooke
Portfolio value: $95 million
Holdings: 40.62% stake in Sabvest Capital
Christopher Seabrooke is a South African investment executive who leads Sabvest Capital. Sabvest is a listed investment holding company that allocates capital across a portfolio of stakes in operating businesses and financial assets.

(28) John Copelyn
Portfolio value: $95 million
Holdings: 13.36% stake in Hosken Consolidated Investments; 1.36% stake in Tsogo Sun
John Copelyn is a South African businessman who has run HCI for decades. HCI is an investment holding company with interests across gaming, hospitality and media, while Tsogo Sun is a hotel and gaming operator.

(29) Michael Attridge
Portfolio value: $142 million
Holdings: 4.26% stake in Aspen Pharmacare
Michael Attridge is a senior Aspen Pharmacare executive closely associated with the company’s financial leadership. Aspen is a global pharmaceutical manufacturer and distributor with a product mix spanning generics and branded medicines.

(30) Paul Neethling
Portfolio value: $79 million
Holdings: 1.41% stake in Remgro
Paul Neethling is a long-time investor associated with the Rupert-linked corporate ecosystem through Remgro. Remgro is a South African investment holding company with stakes across telecoms, consumer, industrial and financial services businesses.