Rupert derives most of his wealth from his 9.14-percent stake in Richemont
Johann Rupert
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The market value of Rupert’s stake in Richemont fell rom $7.71 billion to $7.54 billion in December alone.
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Rupert’s net worth has risen from $8.5 billion on Nov. 3 to $10.8 billion at the time of writing.
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Rupert’s equity stake in Richemont accounts for the majority of his $10.3-billion fortune.
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South Africa’s richest man Johann Rupert gains $1.4 billion as net worth surpass $10 billion
Rupert still ranks among those African billionaires who have lost a significant portion of their wealth since the start of the year.
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The group’s financial performance in the first half of 2023 builds on previous results.
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South African billionaire Johann Rupert gains $220 million in October, as Richemont shares rebound
Rupert is South Africa’s richest businessman.
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South Africa’s richest billionaires Rupert, Oppenheimer $3.58-billion poorer than year ago
Rupert and Oppenheimer remain the two wealthiest billionaires in South Africa.
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Grindrod Limited is owned in part by Remgro Limited, Rupert’s investment holding.