Top 3 Sources Of The Gupta Brothers’ (Atul, Ajay and Rajesh) Wealth In South Africa

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The Gupta family is a wealthy Indian-born South African family whose most notable members are the brothers namely; Ajay, Atul, Rajesh. The family migrated from India to South-Africa in 1993 and settled in the country. They own a business empire spanning computer equipment, media and mining, and have been the focus of widespread scrutiny because of their close ties to former South African President Jacob Zuma who held the office from 2009 to 2018, particularly during his Presidency. Their association with Jacob Zuma involved several allegations of corruption with claims that the government managed activities and decisions on some high-level appointments, and determined the control of some state enterprises, for the Gupta family’s direct or indirect benefit, or in agreement with them.

In 2016 Atul Gupta became the seventh-wealthiest person in South Africa, with an estimated net worth of $773.47 million. The family is based at the Sahara Estate in Saxonwold, Johannesburg,  a huge compound comprising at least four mansions, and also Dubai, UAE. Among their many controversial business ventures and investments, their extensive wealth can be linked to their 3 major businesses highlighted below:

  • Sahara Computers and Sahara Systems (Pty) Ltd which was their first venture into business in South Africa.
  • Oakbay Resources and Energy Company which deals in uranium and gold mining and also a processing company. The company owns the Shiva Uranium Mine, Tegeta Exploration and Resources, Westdawn Investments (Pty) Ltd, t/a JIC Mining Services and Black Edge Exploration.
  • They also have substantial media interests in South Africa through TNA Media (Pty) Ltd, including the New Age, a national newspaper, and ANN7 (African News Network), a 24-hour news channel.

 

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