The diamond industry has long been a major player in the global economy, with demand for these precious gems showing no signs of slowing down. The Indian and Chinese markets have seen a particular surge in interest, driving up prices worldwide since 2005. Diamond mining is a multifaceted industry with opportunities for investment and lucrative returns at every level.
As evidenced by the list of the richest diamond owners in the world today, many individuals have made their fortunes through involvement in various aspects of the industry. From rough stone miners to corporate executives and prestigious jewelry designers, these individuals possess an intricate knowledge of diamonds and have used it to build their empires.
The list includes both well-known names such as Prince Alwaleed bin Talal bin Abdulaziz Al Saud and lesser-known but equally successful individuals like Savji Dhanji Dholakia. From Alexander Pushkin’s ownership of one of the largest gem diamonds ever found to Nirav Modi’s extensive business dealings and impressive sales figures, each person on this list has played a notable role in shaping the diamond industry as we know it today.
Whether buying and selling cut stones or investing in rough stone mines, these individuals have shown that there is wealth to be gained through involvement in all facets of the diamond market. As demand for these exquisite gems continues to rise, it is clear that opportunities for success within this industry will only continue to grow.
Top 10 Richest Diamond Owners in the World – 2023 Net Worth Rankings
The glittering world of diamonds has always been a fascination for many across the globe. It is an industry that has made many rich beyond their wildest dreams with its sparkle and exquisite beauty. Among these diamond moguls are individuals who have scaled heights in terms of earning and wealth, accumulating billions of dollars in their bank accounts. Here we introduce to you the 10 richest diamond owners in the world as of 2023.
Number 10 on this list is Anne Kabagambe with her net worth of $2.5 billion. She has built quite an asset base and donates roughly $800,000 per year to projects that help the children of Africa. Anne is listed separately from her husband because she has, in her own right, been actively involved in the business.
Dan Gertler, however, takes ninth place with his net worth amounting to $2.6 billion. He is a diamond magnate who made his fortune by investing in copper and diamond mines located in the Democratic Republic of Congo—a country which gave permission to Dan Gertler to partake in his investment activities despite criticism from certain quarters who felt that mining projects purchased from the Congolese government would negatively impact local inhabitants’ standard of living.
In eighth place is Beny Steinmetz with a net worth of $4.1 billion; he inherited his father’s company Steinmetz Diamond Group which was bought by him later on founded Beny Steinmetz Resource Group—the parent corporation of Octea Diamond Group—acquiring vast assets therein successfully.
Seventh place belongs to Laurence Graff whose net worth amounts to $4.8 billion earned through establishing his company Graff Diamonds specializing in rare gems and those of giant size by serving famous rich clients worldwide including Hollywood actress Elizabeth Taylor and Sultan Brunei making a name for himself throughout decades.
David Kassel, meanwhile, secures sixth position having accumulated considerable wealth through a long-standing investment campaign into service businesses, hotels, transportation interests in Australia, the United States, Macau, Hong Kong and diamond mining industry earning an enviable net worth of $6 billion.
Fifth place goes to Christo Wiese from South Africa with a net worth of $7.4 billion earned through his diversified portfolio ranging from investments in retail industries including Shoprite (biggest retail business in the country) to Trans Hex Group which he bought over with other consortium partners for almost three quarters controlling interest intending total control soon.
Joseph Lau takes fourth place on this list bringing us to the billionaire club with a net worth of $15.3 billion by doling out excessive amounts on rare diamonds scoring top points yet again at over USD 48.5 million per carat making purchases previously too for child Josephine.
Cheng Yu-tung steals third spot collecting himself the Cullinan Heritage diamond after purchase amounting at a staggering $35.3 million owning Chow Tai Fook Jewelery Group as well as diversifying investments into real estate market and construction dominating transportation interests globally fueling his international success achieving an impressive net worth of almost $20 billion.
Second place belongs to Prince Alwaleed bin Talal bin Abdulaziz Al Saud having amassed a fortune that puts him among the world’s richest people through extensive entrepreneurship campaign in diversified sectors in banking industry specifically earning high marks bailing out Citicorp among others spoilt for choice when it comes to extravagant toys and luxuries amassing billions worthy gems too.
Finally, Savji Dhanji Dholakia proudly stands in first position belonging to India whose Hari Krishna Exports Pvt Ltd company is one of the biggest diamond manufacturing and exporting businesses worldwide across fifty countries making him leader not only in terms of wealth but earnings generated by Diamond Industry too higher than any individual person ever before sitting pleasantly on top spot with an incredible net worth amounting at $38 billion.
In summation, these ten diamond owners have made fortunes through hard work, entrepreneurial spirit, and a keen eye for business. They are not just wealthy but in many ways the pillars of one of the world’s most lucrative industries. From India to South Africa and beyond, their influence is undeniable and the light they bring into this industry shines like no other.