Zuma's friend now SA's richest black businessman

NPA baffled by Atul Gupta's application to recover R10-million. Picture: FILE
NPA baffled by Atul Gupta's application to recover R10-million. Picture: FILE
President Jacob Zuma’s close friend Atul Gupta is now the seventh-richest South African‚ according to the latest Business Times Rich List‚ the newspaper reported.

The 47-year-old Gupta‚ the most prominent of three brothers from the family who have been accused of using their close relations with Zuma to unfairly enrich themselves‚ has personal wealth valued at R10-billion.

His cracking of the top 10 on a Rich List that includes Shoprite’s Christo Wiese‚ Glencore’s Ivan Glasenberg and FirstRand’s Laurie Dippenaar makes him South Africa’s top black billionaire.

Mining mogul Patrice Motsepe‚ for years the leading black businessman on the list‚ is now ranked at 11th‚ with personal wealth valued at just over R9.5-billion‚ Sunday Times reported.

Tiso Black Star Group Digital/Sunday Times

subscribe

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.