PSG Group founder Jannie Mouton has joined the world’s dollar billionaire club.
Mouton makes it onto Forbes’s 2017 billionaire list at position 1‚940‚ having increased his wealth by 11% in the past year to a net worth of $1 billion.
South Africa’s newest dollar billionaire makes it to the list after a 22-year business journey that began in 1995 when he launched PSG after being fired by his partners at a stock broking firm. It is an investment holding company with interests in financial services‚ banking‚ private equity‚ agriculture and education.
Its biggest success stories are Capitec Bank‚ in which it has a 30.7% stake‚ and private education group Curro (56.4%).
But Mouton faces some hard work to catch up with the seven other South African dollar billionaires‚ who are:
- Nicky Oppenheimer ($7-billion) - Johann Rupert ($6.1-billion) - Christo Wiese ($5.6-billion) - Koos Bekker ($2.1-billion) - Allan Gray ($1.8-billion) - Patrice Motsepe ($1.8-billion) - Stephen Saad ($1.2-billion)
Forbes said the number of billionaires globally had leapt 13% to 2‚043. Microsoft founder Bill Gates is the richest man in the world for the fourth year in a row‚ with $86-billion.
Just R20 for the first month. Support independent journalism by subscribing to our digital news package. 