South African billionaire Johann Rupert-controlled Reinet may trim stake in British American Tobacco
Reinet Investments S.C.A. is a Luxembourg-based investment vehicle.
Skip to content
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.
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Richemont sales reached an all-time high of €19.2 billion in 2022.
In April alone, his net worth fell from $10.9 billion to $10.01 billion.
Grindrod is a global freight logistics and shipping services company.
The deal will give global entrepreneurs and startups the opportunity to showcase their ideas and deploy innovative solutions.
Despite a $999-million plunge in his net worth, Rupert remains South Africa’s richest man and one of Africa’s wealthiest billionaires.
Greubel Forsey, which was founded in 2004, manufactures very complicated timepieces.
The billionaire has lost more than $286 million in a single day.