
South African billionaire Johann Rupert’s Richemont takes on luxury theft
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
Rupert’s net worth has now declined from $12.7 billion on March 6 to $12.5 billion at the time of writing.
Richemont ranks as the fourth-largest luxury company globally.
Rupert derives most of his wealth from his 9.14-percent stake in Richemont.
Rupert’s net worth has increased from $10.9 billion to $12.3 billion.
The $1-2 billion increase cements his position as South Africa’s richest billionaire.
Richemont is a Swiss luxury goods holding company led by South African billionaire Johann Rupert.
Richemont is a Swiss luxury holding company.
Rupert derives most of his wealth from his 9.14-percent stake in Richemont
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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.
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.
The recent drop in his net worth brings his year-to-date wealth loss to $2.79 billion.