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Richemont surged nearly 11% in May, pushing its JSE market cap to just under R1.9 trillion as Johann Rupert's luxury empire closes in on a historic R2 trillion milestone.
South African billionaire Johann Rupert's flagship Remgro is trading at a 45.9% discount to its net asset value, leaving a R38 billion valuation gap.
As the Al Nahyan family claims the top spot with a $305-billion fortune, the absence of African billionaire families highlights the stark disparities in wealth accumulation.