Nicky Oppenheimer unseats Johann Rupert to become South Africa’s wealthiest billionaire
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Richemont sales reached an all-time high of €19.2 billion in 2022.
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Grindrod is a global freight logistics and shipping services company.
The deal will give global entrepreneurs and startups the opportunity to showcase their ideas and deploy innovative solutions.
Despite a $999-million plunge in his net worth, Rupert remains South Africa’s richest man and one of Africa’s wealthiest billionaires.
Greubel Forsey, which was founded in 2004, manufactures very complicated timepieces.
The billionaire has lost more than $286 million in a single day.
SEACOM is privately funded and about 75-percent African-owned.
Rupert’s net worth has dropped by more than $1.8 billion this year.
The double-digit percentage decline in Richemont shares caused Rupert’s net worth to fall by more than 10.3 percent.
Rupert’s net worth is valued at $11.7 billion, making him the 179th richest man in the world and the second-wealthiest man in Africa.
The move by SEACOM represents a significant step forward in its five-year strategic expansion plans.
The Swiss luxury goods firm reported revenues of $6.42 billion in the three months between October and December 2021.
The revenue posted in the third quarter of Richemont’s current financial period represents a 32-percent increase.
Rupert’s net worth got a shot in the arm in 2021 due to sustained buying interest in Richemont and Remgro shares throughout the year.