South African Billionaire Jannie Mouton Donates $82 Million To His Foundation

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South African billionaire Jannie Mouton has donated $82 million in PSG Group shares to his personal charity, the Jannie Mouton Foundation, according to a filing published Tuesday by the Johannesburg Stock Exchange News Service.

Mouton, 70, is the founder and chairman of PSG Group, a listed investment holding firm. PSG has interests in financial services, banking, private equity, agriculture and education.

A pedestrian passes the entrance to the Johannesburg Stock Exchange (JSE) in Sandton, South Africa, on Tuesday, Sept. 23, 2014. Sandton, once a single 20-story tower and a shopping mall, is also set to displace Johannesburg’s city center to become South Africa’s largest commercial hub. Photographer: Dean Hutton/Bloomberg

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The Jannie Mouton Foundation, which was founded only recently, aims to spend more than $6 million each year on various charitable activities in South Africa.

He started his career aged 22 as an articled clerk at PwC and subsequently qualified as a chartered accountant in 1973. In 1995, he was fired as managing partner by Senekal, Mouton & Kitshoff, a stockbroking firm he co-founded. He went on to found PSG Group, which today has a market cap of $4.5 billion. He has a current net worth of $1.06 billion according to Forbes Real Time Ranking.

Source: Forbes Magazine.

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