South African billionaire Johann Rupert’s net worth drops below $17 billion
Johann Rupert’s net worth falls $800 million to $16.3 billion amid Richemont’s 6.5% share decline despite strong global jewelry sales.
South African billionaire
Johann Rupert to receive $20.7 million dividend from Reinet
Johann Rupert will receive a $20.7 million dividend from Reinet Investments after the Luxembourg-based firm reported strong asset growth in its latest fiscal year.
South African billionaire Jannie Mouton gains $28 million from Capitec stake
Jannie Mouton gains $28 million in 24 days as Capitec shares rally, driven by digital-first banking and rising investor confidence on the JSE.
Johann Rupert’s Richemont sees sales reach $24 billion
This was driven by a steady demand for high-end jewelry and solid growth in key markets such as the U.S., Europe, Japan, and the Middle East.
Johann Rupert’s net worth rises by $488 million in 24 hours
The boost further cements his position as Africa’s second-richest person, behind Nigerian industrialist Aliko Dangote.
South African billionaire Michiel le Roux's Capitec Bank stake nears $2.5 billion
Michiel le Roux’s Capitec stake nears $2.5 billion after a strong share price rally on the Johannesburg Stock Exchange.
Johann Rupert’s Richemont supports YNAP with $114 million loan
Richemont backs YNAP with a $114 million credit line to bolster digital luxury expansion, following EU approval of Mytheresa’s acquisition of YNAP.
Michiel le Roux gains nearly $300 million from Capitec stake
This follows a recent rally in the share price of the retail banking giant on the Johannesburg Stock Exchange (JSE).
Jannie Mouton's PSG Group posts $73 million profit
PSG's net profit rose 23.47 percent to R1.38 billion ($73.21 million), up from R1.12 billion ($59.29 million) in the previous year.
Johann Rupert gains $1.3 billion following US tariff pause
His stake in Richemont benefited from a 5% surge in shares following President Trump’s announcement of a three-month tariff pause, excluding China.
Ivan Glasenberg makes first Glencore share purchase in a decade
Ivan Glasenberg increases stake in Glencore after decade-long gap. His stake is worth around $3.7 billion, making him Glencore’s largest individual shareholder.
Johann Rupert loses $3.2 billion as Trump tariffs ripple through global markets
South Africa's richest man, Johann Rupert, saw his net worth fall from $17 billion on March 4 to $13.8 billion at the time of this report.
South African billionaire Rob Hersov to launch media empire
The entrepreneur aims to launch a platform like ‘The Daily Wire’ for South Africa, expanding his influence in media and politics.
Nicky Oppenheimer, South Africa’s second-richest man, loses $800 million
The recent dip means Oppenheimer has lost $250 million year-to-date, reversing the $550 million gain recorded just 38 days ago.
Pepkor, backed by billionaire Christo Wiese, strikes $104 million deal to expand its retail empire
The deal will add 462 stores across South Africa, Botswana, Lesotho, Namibia, and Eswatini to Pepkor’s expanding retail network, strengthening its position in the adultwear market.
South Africa's billionaire count rises to 7 with Jannie Mouton’s inclusion on Forbes' list
The boost in Mouton’s wealth is largely attributed to Capitec Bank, where he holds a 5.1 percent stake through the J.F. Mouton Familietrust.