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Grizzly Bulls’ Billionaires Index

⬅ # 269 Andrei Guryev|# 271 Ludwig Merckle ➡

# 270 Nicky Oppenheimer 

$9.29B

Real Time Net Worth
as of 5/6/2024
$108 (0.00%)

# 270 Nicky Oppenheimer 

$9.29B

Real Time Net Worth
as of 5/6/2024
$108 (0.00%)
OccupationPartial Owner, De Beers
Source of WealthDiamonds
Age78
ResidenceJohannesburg, South Africa
Marital StatusMarried
Children1
EducationBS, Oxford U Christ Church; MA, Oxford U Christ Church
Age-Adjusted Net Worth$2.75B
Nicky Oppenheimer
Nicky Oppenheimer
South Africa
Net worth: $9.29B

Self-Made Score 

Wealth History

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Biography

Early Life

Nicholas F. Oppenheimer, born on June 8, 1945, in South Africa to Bridget and Harry Oppenheimer
Grandson of Anglo American founder Ernest Oppenheimer, who chaired De Beers from 1929
Educated at Ludgrove School, Harrow School, and Christ Church, Oxford, where he studied Philosophy, Politics, and Economics, earning an Oxford MA.
Oppenheimer married Orcillia "Strilli" Lasch in 1968, who is the daughter of industrial tycoon Helli Lasch; both are Anglican.

Business Career

Oppenheimer joined Anglo American in 1968, became a director in 1974, and later deputy chairman in 1983.
He resigned from Anglo American in 2001 but remained a non-executive director until 2011.
He held various key positions including deputy chairman of the Central Selling Organisation (now Diamond Trading Company) in 1984 and deputy chairman of De Beers Consolidated Mines in 1985.
Oppenheimer was appointed chairman of the Diamond Trading Company in 1985.
He served as Chairman of the De Beers Group from 1998 to 2012.
In 2012, Oppenheimer sold his 40% stake in De Beers to Anglo American for $5.1 billion in cash.

Personal Life

Nicky Oppenheimer and his wife Orcillia have been married since 1968.
Oppenheimer's father, originally Jewish, converted to Anglicanism.
He owns at least 720 square miles of conservation land across South Africa, Botswana, Zimbabwe, and Mozambique.
In 2014, Oppenheimer started Fireblade Aviation in Johannesburg, offering chartered flights.

How long would it take you to become as rich as Nicky Oppenheimer?

If you started with $10,000 and invested an additional $500 each month at a 43.95% CAGR, it would take you 5 years to reach Nicky Oppenheimer's net worth of $9.29B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.30% compared to 8.40% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Nicky Oppenheimer is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Nicky Oppenheimer, Diamonds is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey