South Africa’s richest man Johann Rupert expresses worry over inflation
Rupert expressed his worries during Richemont’s annual meeting in Geneva on Wednesday.
Rupert expressed his worries during Richemont’s annual meeting in Geneva on Wednesday.
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.
Despite a $999-million plunge in his net worth, Rupert remains South Africa’s richest man and one of Africa’s wealthiest billionaires.
The double-digit percentage decline in Richemont shares caused Rupert’s net worth to fall by more than 10.3 percent.
The gains were due to a rise in the share price of Compagnie Financiere Richemont and Distell Group.