Despite the impressive financial performance, Richemont experienced an unexpected drop in share price on the Swiss Exchange.
Richemont
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Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
- Southern Africa
Johann Rupert remains Africa’s richest man, despite $900-million decrease in net worth
The decline in Rupert’s net worth can be attributed to the reduction in the market value of his 9.14-percent stake in Richemont.
- Southern Africa
Four assets that make South African billionaire Johann Rupert Africa’s richest man
With an impressive global ranking of 145 among the world’s wealthiest people, Rupert has constructed a diverse investment portfolio.
- Southern Africa
South Africa’s richest man Johann Rupert’s net worth declines by $800 million in 11 days
Rupert has seen his net worth slide by $800 million amid Richemont’s share slump.
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Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.
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Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.
- Southern Africa
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 …
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Rupert is the richest man in South Africa,
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Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.