Johann Rupert: 2nd Richest Man in SA Increases Wealth over Pandemic

Johann Rupert: 2nd Richest Man in SA Increases Wealth over Pandemic

- Johann Rupert is one of very few South Africans to make it into the top 1 000 richest people in the world

- Rupert is a billionaire and his worth has reportedly ballooned over the past 12 months to $7.1 billion

- Rupert is still not the richest person in South Africa with Nicky Oppenheimer securing that position

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South Africa's Johann Rupert has made it to the 385th position on Forbes Billionaires List for 2021. In Mzansi there are officially five billionaires who have made it onto Forbes' list for this year.

Rupert is the chairman of Compagnie Financiere Richemont, a Swiss luxury goods company. He also owns 7% of diversified investment in Remgro and 25% of Reinet. Remgro is also chaired by Rupert.

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Financial experts revealed that Rupert's fortune had ballooned over the past year, from an estimated $4.6 billion to a whopping $7.1 billion. The stats from Forbes revealed that Rupert is Africa's fourth-wealthiest person.

Johann Rupert, second wealthiest man in SA, one person richer
Johann Rupert is reportedly the fourth wealthiest man in Africa. Image: ED Jones/AFP and Alberto Bernasconi/Bloomberg
Source: Getty Images

Forbes wrote that Compagnie Financiere Richemont is known for brands such as Cartier and Montblanc.

According to The South African, Rupert is not the richest person in South Africa. That placard has the name 'Nicky Oppenheimer' on it. Rupert may have around R103 billion in the bank but he's not the one on the top of the tree in SA.

Even with the entire world stuck in a global pandemic which has caused financial strain for many, there are other South Africans who keep bringing in the coins. Koos Bekker is the third-richest person in SA with around $3 billion in the bank.

Bekker is followed closely by CAF president Patrice Motsepe, whose wealth has almost doubled in the past year to around $2.9 billion. Both Bekker and Motsepe missed the top 1 000 richest people in the world mark by just a whisker.

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In similar news, Briefly.co.za reported that Kim Kardashian made it onto the Billionaires List as well. According to Forbes, Kim is now worth $1 billion, which is about R14.53 billion, up from her former net worth estimate of $780 million.

It was reported that the 40-year-old woman made the billionaire list because of two of her last business ventures, KKW Beauty and Skims, as well as cash from reality television and endorsement deals, and a number of smaller investments.

Kim founded KKW Beauty in 2017 and sold 20% of the business in 2020 for a whooping sum of $200 million, a deal that reportedly valued the company at $1 billion.

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Source: Briefly.co.za

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