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.
Rupert is one of the top five richest billionaires in Africa with a fortune amounting to over $11.8 billion.
Remgro is a diversified investment holding established in the 1940s by the late Dr. Anton Rupert.
Rupert's Grindrod Shipping is a global shipping company dual-listed on NASDAQ and the Johannesburg Stock Exchange.
Rupert is the richest man in South Africa with a fortune worth more than $12.1 billion.
A $10,000 investment in Richemont on Dec. 31 2020 is worth $18,372 today.
Distell is South Africa’s most expansive wine and spirits maker.
Richemont recently disclosed that it is in talks to sell off a majority stake in the loss-making online retailer YNAP.
