Douw Steyn is a South African billionaire businessman.
He is best known as the founder of BGL Group, a UK-based insurance and financial services company.
The business mogul has links to South African politics.
Douw Steyn and his wife in colourful outfits are pictured along with their dogs, and the couple is pictured in matching MTN tees. Photo: @carolyn_steyn (modified by author)Source: UGC
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Douw Steyn is among the top African billionaires.
He was also a close friend ofNelson Mandela.
Most people are interested in knowing how he got so much wealth and family life.
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Who is Douw Steyn?
Douw Gerbrand Steyn is a South Africanbusiness mogul.
His firm is the parent of Comparethemarket.com.
Top-5 facts about Douw Steyn. Photo: @carolyn_steyn (modified by author)Source: Original
Douw Steyn’s age
The wealthy businessman’s age is 71 years as of September 2024.
He was born on 19 December 1952, and his Zodiac sign is Sagittarius.
Is Douw Steyn still alive?
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Yes, the business mogul is alive.
Due to age, he has largely retreated out of active endeavours.
He is currently running his businesses with the support of his family.
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Educational background
The avid businessman attended school in Linden in Johannesburg.
He earned a degree from Potchefstroom University for Christian Higher Education in 1978.
How did Douw Steyn make his money?
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Douw Steyn started his career as a quantity surveyor at Eskom Mega Watt Park.
In 1992, he made a career move that changed his life forever.
He foundedBGL Groupas Budget Insurance Company.
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The insurance and financial services company is based in the United Kingdom.
It is the parent of Comparethemarket.com.
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BGL Group is based in Orton Southgate, Peterborough, England.
Home and vehicle insurance are the company’s primary services.
The firm offers numerous supplementary products like legal protection, breakdown, and personal accident covers.
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Theseasoned businessmanalso ventured into real estate in 2015.
He launched the development of a luxury private estate calledSteyn City.
Steyn City is on a 900-hectare (2,200-acre) location between Fourways and Lanseria in Johannesburg.
Initially, the project initially drew R6.5 billion in investment.
In 2019, a further R5.5 billion was invested in Steyn City.
The business mogul also owns Palazzo Steyn Hotel and Saxon Hotel, Villas and Spa.
How much is the Steyn family worth?
Areport by TimesLiveshows that Douw Steyn’s net worth is 2.1 billion (about R42 billion).
This net worth is shared with his nuclear family members.
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How much is Douw Steyn’s house?
Douw Steyn’s house is located in Steyn City, just outside Fourways.
DubbedPalazzo SteynorSteyn Palace, the house was valued at R250 million in 2014 when it was completed.
It is said to be the most expensive home in South Africa.
The house takes most of its inspiration from classical Italian design.
It features a bronze dome in the entrance hall and marble floors.
It also features an aqueduct that almost circles the property.
Inside, some of the lounges echo Gatsby-era decor and design.
Many people are curious aboutDouw Steyn’s cars.
The business mogul owns a collection of classic and vintagecarsallegedly worth around $30 million.
His most expensive car is the Bugatti Centre, valued at $12 million.
A custom-made 2010 Rolls-Royce (Douwmobile) is part of his collection.
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Who is Douw Steyn’s wife?
Douw Steyn’s wife is Carolyn Steyn.
Most people refer to her as the billionaire’s wife.
Carolyn moved from Johannesburg to Hollywood to become an actress.
She found a breakthrough ten years after she relocated to the USA.
She has been featured in multiple Hollywoodmovies.
Besides acting, Carolyn runs a philanthropic initiative called 67 Blankets.
67 Blankets helps needy South Africans as a way of commemorating Nelson Mandela’s life and legacy.
Douw and Carolyn Steyn’s wedding was held in the Saxon Boutique Hotel in February 2013.
Graca Machel, Michael de Pinna, and Timothy Moloi were among the prominent figures who attended the ceremony.
Who are Douw Steyn’s children?
Douw Steyn’s family stays away from the limelight.
Steyns sons are Louis and Tjaart Steyn, alias TJ, and their mother is Elizabeth Margaret Steyn.
The siblings are actively involved in charity.
They set up a foundation called theElizabeth Margaret Steyn Foundation(EMSF) in honour of their mom.
Donne Botha was the business mogul’s partner from 2005 to 2009.
She was a personal trainer when she met Steyn at a party in 2005 in Sandton.
The two allegedly held a ceremony in a London-based hotel in 2007.
In 2014, Donne claimed that she married the business mogul andsued for half of his estate.
She also demanded R100,000 per month until his death or remarriage.
Botha said they returned to the Saxon Hotel in Johannesburg after the London ceremony.
She admitted that their union was not registered.
He, on the other hand, referred to the ceremony as a ‘blessing ceremony’.
The duo needed two weeks to get a marriage license.
She also revealed that they continued to travel together until they ended their relationship in 2009.
Douw called British solicitor Adrian Christmas as his witness before thecourt.
He presented a document that proved the R1 million Botha would get if they broke up.
He also stated he was not authorised to perform a civil wedding ceremony as a clergyman.
Douw Steyn’s illness
It is apparent that age is catching up with Douw Steyn.
At his age, illness is inevitable.
On 19 December 2023,his wife took to Facebookto wish him a happy birthday.
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She also said that she continues to live with stringent COVID-19 protocols to keep him safe.
Trivia
Douw Steyn has been among the top richest people in South Africa for a long time.
Owing to his entrepreneurial nature, the billionaire has invested in lucrative sectors like rental properties and insurance.
Briefly.co.za recently published a list of therichest Indians in South Africaand their net worth.
In South Africa, many Indians have distinguished themselves as great entrepreneurs and industrialists and are now enviable employers.
She graduated from Meru University of Science and Technology with a Bachelor of Technology in Civil Engineering in 2019.
In 2023, Priscillah finished the AFP course on Digital Investigation Techniques.
She has been writing articles on Briefly.co.za since 2019.
She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
it’s possible for you to email her at perisrodah254@gmail.com.
