SA’s richest man earns R2.4m less in his annual salary than in 2017

SA’s richest man earns R2.4m less in his annual salary than in 2017

- Johann Rupert is listed by Bloomberg as the richest man is South Africa

- He is the owner of the luxury goods company Richemont

- His annual salary for 2018 was R39.3m, which was down from his 2017 annual salary of R41.7m

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Bloomberg’s billionaire list, has him down as the 193rd richest man in the world with a net worth of approximately $257m.

It was recently reported that his annual salary for 2018 was R39.3m. While this figure seems inconceivable to most, it is in fact down by R2.4m from 2017.

So where does this wealth come from. While it is true that he inherited a fortune, Johann Rupert is also the owner of Richemont luxury goods, a company that owns many other companies and specialises in luxury watches, jewellery and writing instruments.

READ ALSO: Born into money: Meet the sons of 5 of South Africa's wealthiest families

Rupert grew up in Stellenbosch where he studied economics and company law, but he dropped out of his studies to pursue a career in business.

This entrepreneur has gone from leaps and bounds in his business career.

Briefly.co.za lists some of his achievements:

  1. Awarded an honorary doctorate in Economics in 2004 by the University of Stellenbosch
  2. Awarded an honorary doctorate in Commerce by the Nelson Mandela Metropolitan University in 2008
  3. In 2008 he was voted South Africa's Business Leader of the Year by the CEOs of the Top 100 Companies – for the third time
  4. He was appointed as the Chancellor of Stellenbosch University in 2009
  5. Rupert played a key role in the establishment of Vodacom, the leading cellular communication specialist group in Africa, as well as in Tracker Network (Pty) Ltd, which specialised in stolen vehicle recovery systems.

Rupert has met with his own share of controversy and Briefly.co.za reported on one such instance when Nkosazana Dlamini-Zuma slammed Johann Rupert after he stated that the radical economic transformation is another word for the theft of the country’s funds.

READ ALSO: Herman Mashaba lauds JMPD officer a hero for emergency baby delivery

The Presidential Hopeful was not happy with the comment made by Rupert and slammed him by stating that he was being offensive towards the majority of South Africans who struggle with poverty.

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Source: Briefly.co.za

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