Johann Rupert Net Worth is$6.6 Billion
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Johann Rupert net worth: Johann Rupert is one of South Africa's richest people who has a net worth of $6.6 billion. Johann Rupert is the eldest son of the late South African business tycoon Anton Rupert. Johann serves as Chairman of Richemont, Swiss -based luxury-goods company, as well as of Remgro, South Africa-based company. However, Rupert's wealth has grown an astonishing 30% recently, after he upgraded fortunes of his Swiss-based luxury goods outfit, Compagnie Financiere Richemont. From year to year his stock in Richemont has jumped more than 50%. In 2012, Rupert stepped down as company's CEO, being replaced by co-CEOs Richard Lepeu and Bernard Fornas. However, his fortune continued to swell thanks to his stakes Remgro and Reinet. This successful businessman is married with three children and spends most of his free time on the golf course, since he is an avid golf player.
Johann Peter Rupert (born 1 June 1950) is the eldest son of the late South African business tycoon Anton Rupert and his wife Huberte Rupert. He is the chairman of the Swiss-based luxury-goods company Richemont as well as of the South Africa-based company Remgro. It was announced on 13 November 2009 that as of 1 April 2010, he would also assume the position of Chief Executive Officer of Compagnie Financiere Richemont.
Rupert grew up in the South African town of Stellenbosch, where he also attended the well-known school for boys, Paul Roos Gymnasium and the University of Stellenbosch, studying economics and company law. He dropped out of the university to pursue a career in business but in 2004 Stellenbosch University awarded him an honorary doctorate in economics. In 2008 he was awarded an honorary doctorate in commerce from Nelson Mandela University.
Described as "reclusive" by the Financial Times and Barron's, Rupert rarely gives interviews and shuns public events. In 2006 the same newspaper also called him "Rupert the Bear" for predicting a world economic crisis.
Rupert served his business apprenticeship in New York, where he worked for Chase Manhattan for two years and for Lazard Freres for three years. He then returned to South Africa in 1979 and founded Rand Merchant Bank of which he was CEO. He started the Small Business Development Corporation in same year (over 600,000 jobs created since inception).[citation needed]
Rupert is a former cricketer and founded the Laureus Sport for Good Foundation in 1990. Laureus funds 65 projects globally, with the goal of using sport to tackle social issues, having a particular emphasis on underprivileged children. He co-founded the Sports Science Institute with his friends Morne du Plessis and Tim Noakes.
Rupert also developed the Gary Player designed, Leopard Creek Golf Club in Mpumalanga, South Africa which is one of South Africa's top three golf courses, and rated number 25 outside the United States of Amer

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Johann Rupert Latest News

IT industry hit by requisite skill dearth

South African billionaire Johann Rupert warned that the country has to prepare for more civil unrest as technological advances are set to cost more jobs and fuel unemployment. “Tension between the rich and poor is set to escalate as robots and artificial ...
Posted: October 17, 2016, 4:24 pm

Another summons for Gordhan?

"BLF shall ask the High Court to declare Gordhan conflicted, compromised and captured by white monopoly capital in particular by Johann Rupert. BLF has prepared court papers showing evidence of how Gordhan is conflicted and thereby unable to carry out his ...
Posted: October 21, 2016, 4:44 am

Remgro rises after completing $675m cash call

Shares in Remgro, the South African investment company led by billionaire Johann Rupert, rose 1.5% on Monday morning after it completed its R9.3bn ($676m) rights offer to finance a possible acquisition of SABMiller’s stake in Distell Group, the maker of ...
Posted: October 24, 2016, 10:32 am
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