- Net worth: R4.73 billion
- Age: 73
- Industry: Furniture Retailing
- Source of wealth: Self-made
Giovanni Ravazzotti, an immigrant to Johannesburg from Italy, saw a gap in the market in 1969 for affordable tiles and ceramic products in an increasingly urban South Africa. He began importing and retailing them through a company he founded, Italtile.
Ten years later, with the first hints that there would be trade sanctions against South Africa, he pivoted his business and began manufacturing ceramic tiles domestically.
In 1992, his retail company Italtile and manufacturer Ceramic Industries were listed on the Johannesburg Stock Exchange.