Billionaire Johann Rupert's Reinet just turned a €22 million gold ETF bet into €80 million
The Rupert family's Reinet investment vehicle has turned a €22 million gold ETF stake bought in 2015 into an €80 million position as gold prices surge.
Reinet
Billionaire Johann Rupert's Reinet is sitting on $6.7 billion in cash
Johann Rupert's Reinet Investments is sitting on R110.1 billion ($6.72 billion) in cash after selling its two largest holdings and leaving the question of what comes next wide open.
5 companies owned by Africa’s richest man Johann Rupert
Rupert’s journey towards prominence started in the late 1980s, when he assumed the role of chairman at Rembrandt.
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.
South Africa’s richest man Johann Rupert gains $400 million in 18 days
Rupert’s net worth is valued at $11.7 billion, making him the 179th richest man in the world and the second-wealthiest man in Africa.