Guess what? This is how Africa’s popular billionaires made their money

Nicky Oppenheimer — Weekend Post

Nicky Oppenheimer

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His mother was a petty trader, now 26-year-old Bamai Namata is on Forbes Africa 30 Under 30 list

The South African billionaire sold his family’s 40 per cent stake in De Beers, the world’s biggest diamond producer, to mining company Anglo American in 2012 for $5.2 billion in cash.

He now owns an estimated 1% stake in Anglo American, which his grandfather founded in 1917.

Oppenheimer maintains private equity investments in Africa, Asia, the U.S. and Europe through London-based Stockdale Street and Johannesburg-based Tana Africa Capital, according to Bloomberg.

The 72-year-old whose net worth is $7.7 billion is already searching for new investments.