Reinet, led by South African billionaire Johann Rupert, posts $7.8 billion in net assets
Reinet Investments, led by Johann Rupert, posts $7.8 billion in net assets despite a $298 million decline amid market volatility.
Reinet Investments
Net asset value of South African billionaire Johann Rupert’s Reinet falls
The decline comes despite strong March gains, as Reinet shifts focus from tobacco to long-term alternative asset strategies.
South Africa’s richest man Johann Rupert’s wealth jumps by $1 billion in a week
Johann Rupert adds $1 billion in a week as Richemont and Reinet shares climb, lifting his net worth to $16.9 billion.
Johann Rupert’s Reinet in talks to sell pension stake in deal worth up to $6.8 billion
Reinet, led by Johann Rupert, is in talks to offload its top asset, Pension Insurance Corp, in a deal worth up to $6.85 billion.
Reinet, led by Johann Rupert, posts $7.9 billion in net assets
Reinet, led by Johann Rupert, posts $7.89 billion in net assets as it shifts away from tobacco and toward diversified, long-term investment growth.
Johann Rupert’s Reinet faces shareholder shift amid broader strategic moves
PIC lowers voting rights in Reinet to 14.956%, reflecting strategic portfolio adjustments post-Reinet's $1.5 billion BAT divestment.
Luxembourg-based firm controlled by South Africa’s richest man hits $7.2 billion in net assets
Its portfolio includes stakes in Pension Insurance Corporation Group Limited, British American Tobacco (BAT), and other diversified assets.
Africa’s richest man Johann Rupert’s Reinet posts $81-million net asset value plunge in Q1
Rupert holds a 24.9-percent stake in Reinet Investments, contributing to his status as Africa’s richest man.
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 South Africa.