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South Africa’s 10 richest billionaires in 2025
From luxury goods to mining and fintech, they shape economic trends and investment flows across Africa and beyond.
From luxury goods to mining and fintech, they shape economic trends and investment flows across Africa and beyond.
Soon-Shiong’s stake in ImmunityBio has grown by $1.37 billion, from $2.51 billion to $3.88 billion since late April.
The decline marks a continuation of the previous trend for Soon-Shiong, who previously saw his net worth decrease by $400 million earlier this month, between March 25 and April 3.
This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
The surge in Soon-Shiong’s net worth in 2024 highlights the success of his investments, particularly in biotech firm ImmunityBio.
The recent surge in Soon-Shiong’s fortune is largely fueled by the notable increase in the market value of his 76-percent stake in ImmunityBio.
This financial turnaround, pushing Soon-Shiong’s fortune beyond the $10-billion milestone, reaffirms his position among Africa’s wealthiest billionaires.
Saudi doctor Sulaiman Al Habib has now become the world’s second-richest doctor, surpassing South African billionaire Patrick Soon-Shiong.
This financial setback is attributed to the sustained sell-offs that affected the market value of his 76-percent stake in ImmunityBio.
Soon-Shiong’s net worth plunged by $520 million in the first week of 2023 declining from $10.5 billion on Jan. 1 to $9.98 billion.
Soon-Shiong’s financial resurgence throughout this year highlights his business skills and significant influence in healthcare and biotechnology.
With his present $9.45-billion fortune, Soon-Shiong retains his position as one of Africa’s leading billionaires.
Tracing the extraordinary path of Soon-Shiong, whose innovative approach to cancer treatment laid the foundations of a $9.1-billion empire.
Soon-Shiong’s 80 percent ImmunityBio stake powers billion-dollar resurgence.
Patrick Soon-Shiong currently ranks as the 220th wealthiest individual on the global list of the world’s wealthiest individuals.
Despite this recent setback, Soon-Shiong still retains his status as one of Africa’s leading billionaires.