Johann Rupert is now the country’s richest man, having replaced Nicky Oppenheimer on the Bloomberg Billionaires Index.
The list updates daily according to changes in the net worth of billionaires. While Oppenheimer was the word’s 216th richest person, and Rupert the 240th, the new tally puts Rupert at 241 and Oppenheimer at 245.
Rupert’s net worth is currently $7.36 billion, (approximately R105 billion), while Oppenheimer’s is $7.33 billion, (approximately R104.5 billion)
Rupert-controlled public companies valued more than R600 billion ($40 billion-plus) – including luxury goods holding company Richemont and diversified holding company Remgro – have been built over decades, and have made a wide range of stakeholders very wealthy over the years. These include government employees and the fiscus.
Rupert founded Rand Merchant Bank, consolidated a global multibillion-dollar luxury goods business, redirected tobacco interests, and has invested in and
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