Michiel le Roux Net Worth

Michiel le Roux has an estimated net worth of $3.5 billion, according to Forbes Real-Time Billionaires, Michiel le Roux profile (figures as of October 20, 2026). That is up from $1.2 billion in 2019.

Michiel le Roux is a South African businessman best known for co-founding Capitec Bank. Before that, he ran Boland Bank, a small regional bank in the Cape Town hinterland. He helped launch Capitec in 2001, served as its first CEO until 2004, and later chaired the board from 2007 to 2016. He still sits on the board and owns about 11% of the company’s shares.

His wealth is tied mainly to Capitec’s growth as a listed bank on the Johannesburg Stock Exchange. The business built its customer base by aiming at South Africa’s emerging middle class and grew into a large operation with more than 800 branches and over 15,000 employees. Forbes put his net worth at $3.5 billion on its real-time billionaires tracker on October 20, 2026.

How Michiel le Roux built his fortune

Le Roux made his money in banking. After earlier work at Distillers Corporation, he moved into finance and went on to lead Boland Bank. He later helped start a new bank that became Capitec. That move shaped his fortune. Because he still owns about 11% of Capitec, his wealth rises and falls with the value of the bank’s shares on the Johannesburg Stock Exchange.

Capitec started in 2001 and listed in 2002 as Capitec Bank Holdings. In its early years, the bank focused on the low-income retail market, and Forbes says it targets South Africa’s emerging middle class. Le Roux was the inaugural CEO from 2001 to 2004, then served as chairman from 2007 to 2016. He remains on the board while the company operates more than 800 branches with over 15,000 employees.

What Forbes has said about his wealth

Forbes has tracked sharp swings in le Roux’s fortune over the years. It estimated his wealth at $1.2 billion in 2019, $1.1 billion in 2021, and $1.8 billion in 2022. The next year, Forbes put him at $1 billion. Those changes match the fact that most of his wealth comes from a large stake in one publicly traded bank, so market moves can have a big effect.

The estimate later climbed again. Forbes valued him at $2.2 billion in 2025, then $3.8 billion on the 2026 World’s Billionaires List. On October 20, 2026, Forbes showed $3.5 billion on its real-time tracker. That gap highlights how quickly a real-time estimate can move compared with an annual list when a person’s fortune is closely tied to listed shares.