South Africa’s richest man Johann Rupert takes a hit, loses $229 million in 24 hours
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.
Rupert is the richest man in South Africa and the second-richest billionaire on the African continent.
Rupert is the richest man in South Africa,
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
Rupert’s net worth has now declined from $12.7 billion on March 6 to $12.5 billion at the time of writing.
Richemont ranks as the fourth-largest luxury company globally.
South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.
While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
Rupert’s net worth has increased from $10.9 billion to $12.3 billion.
African billionaires continue to symbolize the continent’s economic growth.
The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
The $1-2 billion increase cements his position as South Africa’s richest billionaire.
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Richemont is a Swiss luxury holding company.
Rupert derives most of his wealth from his 9.14-percent stake in Richemont
The market value of Rupert’s stake in Richemont fell rom $7.71 billion to $7.54 billion in December alone.