South Africa’s richest man Johann Rupert gains $1.1 billion in 13 days
Rupert’s net worth, now standing at $12.6 billion, reflects an increase from $11.5 billion nearly two weeks ago.
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Rupert’s net worth, now standing at $12.6 billion, reflects an increase from $11.5 billion nearly two weeks ago.
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With his latest net worth increase, Rupert has cemented his status as South Africa’s richest individual, maintaining his edge over Nicky Oppenheimer.
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This surge in his fortune reaffirms his position among South Africa’s billionaires — firmly establishing his presence within the ranks of the continent’s financial elite.
Last year, Rupert’s Richemont agreed to sell a 47.5-percent stake in its Yoox Net-A-Porter (YNAP) fashion and accessories business to Farfetch.
Prior to the recent acquisition, the Jonathan Oppenheimer-led firm already held a majority 62.5-percent stake in GZI.