South African billionaire Johann Rupert-linked SEACOM partners with BT Group
Seacom is privately funded and 75 percent African-owned.
Seacom is privately funded and 75 percent African-owned.
Rupert’s investment firm, Remgro, owns 44.6 percent of Mediclinic, South Africa’s largest hospital operator.
The majority of Rupert’s fortune stems from his stake in Richemont.
This statement comes nearly a week after Richemont reported a double-digit increase in sales in Q1 2023.
The increase in Rupert’s net worth follows a surge in Richemont shares from $10 on July 15 to $11 today.
Despite the strong performance, Richemont shares have fallen 5.7 percent since this morning.
Similarly, Remgro’s 44.6-percent stake in Mediclinc has increased in value by $281.5 million.
The news comes nearly four weeks after Mediclinic rejected an acquisition bid from Rupert’s Remgro.
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
Rupert still remains South Africa’s richest man.
However, Rupert still remains South Africa’s second-richest man.
The news comes a week after Mediclinic rejected its acquisition bid.
Remgro and MSC offered about $4.3 billion for Mediclinic, a South African hospital group.
Rupert is now ranked 214th on the Bloomberg Billionaires Index.
Grindrod is a freight logistics and shipping services company owned in part by Rupert’s Remgro Limited.
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.