De Beers Diamond
Networth: $ 6 billion
Forbes 2nd richest African
Ranked first South African billionaire from Forbes in 2012 with a fortune of $ 6 billion, Nicky Oppenheimer is the President of the diamond company “De Beers” and Anglo American, the mining company founded by his grandfather, Ernest Oppenheimer. Graduated in Philosophy, Politics and Economics, Nicky Oppenheimer in 1968 worked in London at the Anglo American Corporation, a mining company founded in 1917 by his father. He is charge of diamonds and gold’s branch. In 1975, back to Johannesburg, he joined De Beers Company specialized in the extraction and processing of diamonds, which Anglo American is the largest shareholder, and which he was named as director in 1978.
In 1984 he was appointed as vice president of Central Selling Organization, and then renamed Diamond Trading Company. When he headed “De Beers Consolidated Mines Ltd” in January 1998, the group is met many difficulties due to the end of the monopoly on the diamond market held by De Beers for many decades.
Nicky Oppenheimer decides to expand the supply at retail, in order to strengthen the company weakened by the arrival of Russian and Australian on the diamond market. Following an alliance with LVMH, De Beers opened a shop at Lafayette Center in Paris. It will be the first in a series of great jewelry.
In 2003, he received a PHD honoris causa in technology by the Technikon Witwatersrand in South Africa. De Beers, 45% owned by Anglo American, is the world’s largest producer of stones.
Mr. Oppenheimer, has significantly contributed to the development of the diamond jewellery markets in China and India—the twin growth engines in Asia, further enhancing the vital role that De Beers has played in the region by establishing the Japanese diamond jewellery market.
De Beers, established in 1888, is the world’s leading rough diamond company with unrivalled expertise in the exploration, mining and marketing of diamonds. Together with its joint venture partners, De Beers employs around 16,000 people across the diamond pipeline, and is the world’s largest diamond producer with mining operations across Botswana, Namibia, South Africa and Canada. As part of the company’s operating philosophy, the people of De Beers are committed to Living up to Diamonds by making a lasting contribution to the communities in which they live and work. In the countries in which we have mining operations, this means carrying out profitablebusiness, whilst at the same time helping Governments achieve their aspirations of turning natural resources into shared national wealth. De Beers encourages sustainable working to ensure long- term positive development for Africa and, in 2011, returned over US$4 billion to stakeholders in Africa.
For further information about De Beers visit www.debeersgroup.com