South Africa’s Nicky Oppenheimer Adds $75 Million to his Fortune

Nicky Oppenheimer, South Africa’s second-richest man has experienced a significant boost to his fortune. Over the past 21 days, his net worth has increased by $75 million.

Oppenheimer’s net worth has risen by $75 million, on top of a $700-million gain 21 days ago. This shows a display of wealth accumulation as his total wealth has increased by $775 million since the start of the year, reaching a whopping $8.8 billion.

This latest increase has further solidified his position as one of the world’s wealthiest individuals.

What you should know about Nicky Oppenheimer

Nicky Oppenheimer is influential in the business world and renowned for selling his family’s substantial 40-percent stake in De Beers, a leading diamond producer, to mining conglomerate Anglo-American in a massive $5.2-billion deal back in 2012.

The key driver behind his recent net worth increase is the success of his private equity investments managed through Stockdale Street in London and Tana Africa Capital in Johannesburg.

The rise in Oppenheimer’s wealth also upraised his status globally as he now claims the 233rd spot on the Bloomberg Billionaires Index. This cemented his status  as one of the world’s financial elite.

The south-African billionaire ranks second in wealth in his home country behind luxury magnate Johann Rupert, who holds a significant stake in Swiss luxury goods company Richemont.

Oppenheimer’s passion for wildlife

Aside from his distinct business ventures, Oppenheimer is a passionate advocate for wilderness conservation. He co-owns Tswalu Kalahari, the largest private game reserve in South Africa alongside his son, Jonathan.

The reserve is a 65,000-hectare Shangani Ranch, a vital migration route for animals that has gained recognition as a wildlife sanctuary. The ranch’s operations also contribute to the region’s economy, employing a workforce of 400 people and facilitating beef exports to the United Kingdom.

With his recent wealth increase and his ongoing passion for wildlife preservation, Oppenheimer continues to make headlines both in the business world and in the realm of philanthropy.