5 companies owned by Africa’s richest man Johann Rupert
Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
At the time of writing, the wealth gap between Dangote and Johann Ruper stands at $1.1 billion.
The decline in Rupert’s net worth can be attributed to the reduction in the market value of his 9.14-percent stake in Richemont.
Rupert, Africa’s wealthiest individual, holds a 6.87-percent stake in Remgro, valued at more than $357.2 million.
This substantial surge in Kirsh’s fortune marks a significant turnaround following a slump of $170 million earlier this year.
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
Dangote’s net worth has declined by a staggering $400 million within the past seven days, dropping from $10.8 billion to $10.4 billion.
As a result of the $200-million dip, Rupert’s net worth slumped from $12 billion on June 16 to $11.8 billion at the time of writing.
With an impressive global ranking of 145 among the world’s wealthiest people, Rupert has constructed a diverse investment portfolio.
Although Forbes estimates Dangote’s fortune at $10.8 billion, Bloomberg estimates present a slightly different picture.
According to Forbes, Rupert has ousted Aliko Dangote to become Africa’s richest man.
Rupert has seen his net worth slide by $800 million amid Richemont’s share slump.
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Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.
Rupert’s net worth rose by $286 million in a day due to Richemont’s share surge.
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.