Five dividend-paying shares owned by African billionaires you can buy
Investing in dividend-paying stocks can be a great way to generate passive income.
Investing in dividend-paying stocks can be a great way to generate passive income.
Rupert’s net worth has risen from $8.5 billion on Nov. 3 to $10.8 billion at the time of writing.
Rupert’s equity stake in Richemont accounts for the majority of his $10.3-billion fortune.
Rupert still ranks among those African billionaires who have lost a significant portion of their wealth since the start of the year.
The group’s financial performance in the first half of 2023 builds on previous results.
Rupert is South Africa’s richest businessman.
Rupert and Oppenheimer remain the two wealthiest billionaires in South Africa.
Grindrod Limited is owned in part by Remgro Limited, Rupert’s investment holding.
Despite the slump in his net worth, Oppenheimer still ranks as the second-richest man in South Africa.
The billion-dollar drop in his net worth brings his year-to-date wealth loss to $3.55 billion.
Grindrod is a freight logistics and shipping services company owned in part by Remgro.
Remgro has also completed the sale of a 30-percent stake in South Africa’s largest wine and spirits producer, Distell Group.
Despite his year-to-date wealth loss, Rupert remains not only one of Africa’s richest men, but also one of the world’s richest billionaires.
The recent drop in his net worth brings his year-to-date wealth loss to $2.79 billion.
Richemont will examine the fair value write down pertaining to its investment in YNAP at $2.7 billion.
The multimillion-dollar drop in his net worth can be attributed to the performance of his 9.14-percent stake in Richemont.