Rupert’s net worth has now declined from $12.7 billion on March 6 to $12.5 billion at the time of writing.
Johann Rupert
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Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.
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South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.
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While the number of African billionaires rose from 18 to 19, their collective wealth took a hit.
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Rupert’s net worth has increased from $10.9 billion to $12.3 billion.
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African billionaires continue to symbolize the continent’s economic growth.
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The slump can be linked to the performance of his stake in his flagship business, Dangote Cement.
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The $1-2 billion increase cements his position as South Africa’s richest billionaire.
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Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
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South African billionaire Johann Rupert’s Richemont set to benefit from Middle East’s luxury market
Richemont is a Swiss luxury holding company.