Reinet’s net asset value jumps 8.1 percent, driven by smart investments and hefty dividends from tobacco and insurance holdings.
South Africa’s richest man
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Richemont’s jewelry brands, including Cartier and Van Cleef & Arpels, contributed significantly to the overall sales increase, growing by four percent.
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The decision to exit China, underscores the increasing pressures faced by luxury retailers in the world’s second-largest economy.
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This solidifies his position as South Africa’s richest man and Africa’s second-wealthiest individual.
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While his commanding stake in Richemont forms the cornerstone of his wealth, Johann Rupert has diversified his investment portfolio across a spectrum …
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With over 30 years of experience at Richemont, Nicolas Bos is well-versed in the company’s operations and brand portfolio.
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The surge in Rupert’s wealth, an average gain of $83.3 million per day since May 2, is attributed to the performance of …
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The $1.1-billion plunge in Rupert’s fortune — averaging a daily loss of $73.33 million since March 14 — is directly linked to …
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The $600-million recent surge in his fortune is linked to the performance of Rupert’s 9.14-percent stake in Richemont.
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The key factor behind the plunge in Johann Rupert’s fortune is the recent decline in the market value of his 10.18-percent stake …