Story-ideas-1011172

Jews well represented on SA 'Rich List'

  • Rich list with kipa logo
No fewer than 47 of the wealthiest 225 South Africans, measured by the value of listed shares they hold, are Jewish. This is according to the Sunday Times Rich List 2015 published last weekend and represents at least 21 per cent of the list. This has to be seen in the context that SA Jewry represents just 0,014 per cent of the total SA population. The annual survey understates the wealth and income of SA Jewry - READ WHY...
by ANT KATZ | Dec 08, 2015

No fewer than 47 of the wealthiest 225 South Africans, measured by the value of listed shares they hold, are Jewish. This is according to the Sunday Times “Rich List” 2015 published last weekend. Jews represent at least 21 per cent of the list.

This is still a most sizeable representation, seeing that SA Jewry represents just 0,14 per cent of the total South African population. Also, many of South Africa’s wealthiest Jews control privately owned companies or earn income from overseas holdings or are privately invested in property.

Old-established family wealth such as that of the likes of the Samsons, Lubners, Kaplans, and so many more are not reflected in these surveys. Neither is Donny Gordon or his daughter, Wendy Appelbaum, who is said by Forbes to be the wealthiest woman and biggest female philanthropist in Africa. His son, Graeme, does appear this year however.

Joffe Brian HOMEAmong the notable information in the Sunday Times List is that second place goes to Glencore’s Ivan Glasenberg with a net worth of R24.9 billion, down from R61.4 billion last year.



RIGHT: Humble Discovery founder and CEO Adrian Gore has seen his share-value quadruple over the past four years




The highest ranked Jewish entity is the Ackerman Family Trust, at number 11, with R7.3 billion (in 2013 it was also at 11 with R4.8 billion), and Adrian Gore is in 12th place with R7.2 billion.

Gore, the founder and CEO of Discovery, who also came in at 12th place in 2013, has seen his shares’ value climb from R2,1 billion in 2011 to R2,7 billion in 2012 and R4,2 billion in 2013 and then the large jump in 2015.

Joffe Brian HOMEAmong the Sunday Times List of Top Earners, Jews tend to feature far less, pointing to the fact that they do not pull the largest salaries.



LEFT: Bidvest's Brian Joffe was the top Jewish earner at a listed company on the 2015 Sunday Times Rich List


Bidvest’s Brian Joffe was the highest-earning member of the Jewish community – ranked at number 26 having earned R13.77 million in 2015. Joffe’s 0.32 per cent holding of Bidvest shares, however, puts him at 110 on the wealthiest list with a value of R366 million.

Topping the Sunday Times Rich List this year is businessman Christo Wiese, whose investment holdings wealth has ballooned by almost 200 per cent over the past year to R104,8-billion.  

PDF: 2015's WEALTHIEST & TOP EARNERS

READ 2013 RICHLIST STORY ON THIS WEBSITE

 

6 Comments

  1. 6 Omar Cupido 10 Dec
    Apartheid beneficiaries!
  2. 5 leon green 11 Dec
    Hi Omar , these people worked very hard for their riches & it has no connection with Apartheid which is dead and bured for 22 years . These are just some of the people that keep SA going . 
  3. 4 Harold 12 Dec
    Omar the beneficiaries of apartheid are the Sexwales ansd Shabir Shaiks of this world
  4. 3 Lilly 17 Oct
    It has NOTHING to do with apartheid, the fake jews and the white people have nothing in common.
  5. 2 Chris Smith 21 Mar
    Of the leading 25 foreign industrialists who were instrumental in opening up deep level mining operations at the Witwatersrand gold fields, 15 were Jewish, 11 of the total were from Germany or Austria, and nine of that latter category were also Jewish.[89] The commercial opportunities opened by the discovery of gold attracted many other people of European Jewish origin. The Jewish population of South Africa in 1880 numbered approximately 4,000; by 1914 it had grown to more than 40,000, mostly migrants from Lithuania
  6. 1 Ahmed 23 Jan
    Jewish business success is mainly because of 2 things viz. Hard work and winning the confidence of both the customer and international investors. I for one am a hard worker but I will not gain business success as I have tried to win the confidence of potential investors but without success..

Comment

  1. RadEditor - HTML WYSIWYG Editor. MS Word-like content editing experience thanks to a rich set of formatting tools, dropdowns, dialogs, system modules and built-in spell-check.
    RadEditor's components - toolbar, content area, modes and modules
       
    Toolbar's wrapper 
     
    Content area wrapper
    RadEditor's bottom area: Design, Html and Preview modes, Statistics module and resize handle.
    It contains RadEditor's Modes/views (HTML, Design and Preview), Statistics and Resizer
    Editor Mode buttonsStatistics moduleEditor resizer
      
    RadEditor's Modules - special tools used to provide extra information such as Tag Inspector, Real Time HTML Viewer, Tag Properties and other.
       

Injure

 

Follow us on

Newsletter