Limpopo is home to many wealthy individuals who have accumulated their fortunes through various industries such as real estate, business, politics, and more.
With the province’s rich mineral resources like tin, platinum, copper, chromite, iron ore, and coal, it’s no wonder that many have found immense success.
Below, we list the top 11 richest people in Limpopo in 2024, including their estimated net worth and key business achievements.
Top 11 Richest People in Limpopo
1. Mike Nkuna (Tsonga)
- Net Worth: Over R4 Billion
- Occupation: Executive Chairman of Masingita Property Investment Holdings
- Industry: Real Estate
Mike Nkuna has built a massive property empire and is known for owning several shopping centers across South Africa. His success in real estate has positioned him as one of the wealthiest individuals in the region.
2. Dr. Barnabas Lekganyane (Pedi)
- Net Worth: R3.2 Billion
- Occupation: Bishop of ZCC (Zion Christian Church)
Dr. Lekganyane is the leader of the ZCC, one of the largest Christian movements in Africa. His influence and leadership have contributed to his immense wealth.
3. Peter Malungani (Tsonga)
- Net Worth: R1.8 Billion
- Occupation: Director of Investec and SuperGroup
Malungani is a well-respected businessman with multiple directorships, including at Investec. He has played a key role in driving investments across South Africa.
4. Cassel Mathale (Pedi)
- Net Worth: R1.4 Billion
- Occupation: Politician, Former Premier of Limpopo
Cassel Mathale is a prominent political figure in South Africa. His tenure as the third Premier of Limpopo has contributed significantly to his wealth.
5. George Magwabeni (Venda)
- Net Worth: R1.4 Billion
- Occupation: Businessman
Magwabeni is a successful entrepreneur who has founded multiple companies, including hotels and retail businesses, contributing to his vast fortune.
6. George Ngobeni (Tsonga)
- Net Worth: R1.4 Billion
- Occupation: Businessman
George Ngobeni’s ventures in various business sectors have earned him a place among Limpopo’s wealthiest individuals.
7. Lawrence Mulaudzi (Venda)
- Net Worth: R630 Million
- Occupation: Businessman
Mulaudzi is a businessman involved in a range of industries, from mining to finance, solidifying his status as a wealthy entrepreneur in Limpopo.
8. Modipa Makapane (Lobedu)
- Net Worth: R600 Million
- Occupation: Businessman (Construction)
Modipa is a construction tycoon from Tzaneen, known for his 28-year experience in the industry, with his company, MacP Group, leading the way.
9. Boy Ngobeni (Tsonga)
- Net Worth: R550 Million
- Occupation: Politician
Ngobeni is a seasoned politician who has accumulated wealth through both political roles and business ventures.
10. Berea Madzonga (Venda)
- Net Worth: R500 Million
- Occupation: Businessman
Berea Madzonga has established himself as a key figure in the music and business world, owning several companies, including a bulletproof car business.
11. Gavhi Mulatedzi Given (Venda)
- Net Worth: R490 Million
- Occupation: Businessman (Herbalist)
Gavhi Mulatedzi has created a name for himself in the herbal industry, combining his business savvy with traditional medicine to generate substantial wealth.
Key Industries Driving Wealth in Limpopo
Limpopo is not only rich in natural resources but also boasts thriving sectors such as real estate, politics, and business.
The individuals listed above have diversified their investments across various fields, from property and construction to retail and herbalism, reflecting the province’s dynamic economy.
Conclusion
These top 11 richest individuals in Limpopo have set a high bar for success through their investments and leadership in their respective industries.
Whether you’re looking to learn from their business strategies or are simply curious about the wealth landscape in Limpopo, these individuals highlight the economic potential of this vibrant province.
Looking for More?
If you’re interested in business success stories or want to explore investment opportunities, continue exploring our blog for more insights into South Africa’s top entrepreneurs and their wealth-building strategies.