5. Wendy Appelbaum
Wendy is a South African millionaire who became a director of her father’s insurance and real estate company: Liberty Investors. The only daughter of Donald Gordon, Appelbaum, a South African billionaire. She sold her shares to rake in her fortune. Upon selling her shares she made her own personal fortune. She was once the Deputy Chairman of Women’s Investment Portfolio Limited (Wiphold), the first women dominated company to list on the Johannesburg Securities Exchange (JSE) with then assets in excess of R1 billion.
She invested in DeMorgenzon, a wine estate in the famous wine region of Stellenbosch. In her philantropic nature, she has donated more than US$23 million to pursuing the cause of Gordon Institute of Business Science and the Donald Gordon Medical Centre, in memory of her father. Wendy Appelbaum’s net worth as of early 2012 is estimated at $259.3 million making her one of the richest women in Africa.