Home » South Africa’s richest man Johann Rupert is now worth more than $10 billion

South Africa’s richest man Johann Rupert is now worth more than $10 billion

by Omokolade Ajayi

South African billionaire Johann Rupert has seen his net worth surge above the $10-billion mark for the third time this year, as his wealth rebounded to the $10.2-billion valuation recorded in June and August.

Data retrieved from the Bloomberg Billionaires Index revealed that his net worth since the start of the year has increased by nearly 27 percent, from $8.02 billion on Jan. 1 to $10.2 billion as of the time of writing.

Earlier this month, Billionaires.Africa reported that Rupert’s net worth surged by more than $510 million in the first 14 days of October as an increase in the valuation of his companies pushed his net worth above the $9.5-billion mark.

The increase in his net worth since the start of 2021 can be attributed to a rise in the stock prices of Reinet, Remgro and Richemont, and a surge in the market value of his ownership stake in these companies.

At the time of writing, Oct. 28, Rupert was the only African billionaire who had seen his wealth surge by more than $2 billion since the beginning of the year.

The billionaire has seen his wealth increase by more than $2.14 billion, or 26.7-percent, since the year began, thus narrowing the gap between him and Africa’s wealthiest man, Aliko Dangote, who has recorded a net worth gain of $1.43 billion since the start of 2021.

With his net worth pegged at $10.2 billion, Rupert is the 235th richest man in the world.

His present net worth makes him the second richest man in Africa behind Dangote and the richest man in South Africa ahead of Nicky Oppenheimer, who is worth $8.23 billion, according to Bloomberg estimates.

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