South Africa’s richest man loses $400 million after brief surge to $17 billion
The drop followed a wave of profit-taking by investors, which pushed down the share price of Richemont, where Rupert holds a significant stake.
Johann Rupert
South Africa’s richest man Johann Rupert’s net worth hits $17 billion
Rupert owns a 10.18 percent equity stake in Richemont and controls 51 percent of its voting rights through 6.26 million “A” shares and 522 million “B” shares.
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South Africa’s richest man, Johann Rupert, gains $2.67 billion in January—net worth hits $16.3 billion
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South Africa's richest billionaire adds $1.58 billion to his fortune in just 24 hours
The boost in Johann Rupert's wealth is tied to the performance of Richemont, the Swiss-based luxury conglomerate he chairs.
South Africa’s richest man, Johann Rupert’s Richemont, reports $16.7 billion in nine-month sales
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Johann Rupert, South Africa’s richest man, to divest $1.5 billion in British American Tobacco shares
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Richemont's rally lifts Johann Rupert's wealth to $13 billion
Johann Rupert stays South Africa’s richest as Richemont boosts his net worth to $13 billion.