Rank #1219
Michiel Le Roux
Net worth $3.5B
Banking · South Africa
- Born
- May 20, 1949
- Age
- 77
- Source
- Banking
- Residence
- Stellenbosch
- Citizenship
- South Africa
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Michiel Le Roux of South Africa founded Capitec Bank in 2001 and owns about 11% of the company's shares.
- The bank, which trades on the Johannesburg Stock Exchange, targets South Africa's emerging middle class.
- He served as chairman of the board of Capitec from 2007 to 2016 and still sits on the company's board.
- Le Roux previously ran Boland Bank, a small regional bank in Cape Town's hinterland.
- Capitec Bank has more than 800 branches and over 15,000 employees.
- Le Roux was the largest donor to the Democratic Alliance, a liberal South African political party, during its 2023-2024 financial year.
Financial assets
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