Michiel Le Roux

by 24/09/2012 09:29:00 0 comments 2286 Views
Michiel Le Roux

Net Worth: $290 Million, Source: Banking

Citizenship: South Africa , Age: 62

Michiel Le Roux has taken the South African banking sector by storm, offering cheap transactional banking for the emerging middle class through Capitec Bank, which he founded in 2001 and still chairs. The bank has 474 branches and 3.2 million clients, not far behind that of Nedbank, the smallest of South Africa's four universal banks. He previously ran Boland Bank, a small regional bank in Cape Town's hinterland.