Lauritz Laurie Dippenaar

by 24/09/2012 09:01:00 0 comments 2240 Views
Lauritz Laurie Dippenaar
Lauritz Laurie Dippenaar

Net Worth: $750 Million, Source: Banking, Insurance

Citizenship: South Africa , Age: 63

Laurie Dippenaar is the non-executive chairman of FirstRand, one of the four South African high street banks. He is the workaholic among the trio of South Africans who in 1977 cofounded FirstRand's predecessor, Rand Consolidated Investing-which later joined Johann Rupert's Rand Merchant Bank. Rand Merchant Bank acquired insurer Momentum Life in 1992 and later merged with First National Bank to form First Rand Group, which has operations in South Africa, five neighboring countries and India, and more than $80 billion in assets. He has endowed the Laurie Dippenaar scholarship offering to pay $44,000 a year towards a South African with leadership potential for a postgraduate degree. His hobbies: cycling, canoeing and watching rugby.