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10 Things You Should Know About South Africa’s Ultra-Rich

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5. The best age to be rich

According to NWW, the average age of a multi-millionaire in SA, namely an individual with wealth of at least US$10 million, is 55 years.

This is slightly below the worldwide average of approximately 56 years.

The majority of them, 37%, are aged between 51 and 60 years, while 20% are between the ages of 61-70, and 9% are 70 and older.

In South Africa, the country’s billionaires are aged between 50 (Stephen Saad) and 77 (Allan Gray). The richest man in the country, Johann Rupert, is 67 years old.

Interestingly, however, 34% of the country’s multi-millionaires are actually under 50, with 28% between 41-50, and 6% under the age of 40. This would suggest quite a reasonable amount of entrepreneurial activity in the country.

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