3. Allan Gray
Net Worth: $6.2 Billion
Industry: Financial Services
Allan Gray is a reclusive billionaire who initially studied at Rhodes University, South Africa, qualifying as a chartered accountant before receiving an MBA from the Harvard Business School.
He later joined Fidelity Management and Research in Boston, USA where he worked for eight years. He is the founder of Allan Gray Limited is South Africa’s largest privately owned investment firm with assets under management in excess of $30 billion. Gray is also the founder of Orbis, an asset manager in Bermuda which he established in 1989. The investment firm has over $21 billion under management. In 2007, Gray endowed his Allan Gray Orbis Foundation with $130 million, the single largest charity gift in Southern Africa at the time.
The foundation funds scholarships for poor but promising South African high school students. About 7 percent of Allan Gray Limited’s profit after tax also goes to the Foundation. In 2012, Allan Gray established Allan Gray Investment Management Nigeria to take advantage of the fast-growing number of middle and high net worth individuals.