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Things To Know About Johann Rupert, The New Africa's Richest Man | READ DETAILS

Faith Ukanwa

Jun 19, 2023

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Things To Know About Johann Rupert, The New Africa's Richest Man | READ DETAILS
A South African billionaire, Johann Rupert, has been declared as the new ÔÇØAfrica's richest man,ÔÇØ displacing Nigeria's Aliko Dangote, who has held that title consecutively for 10 years.

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Rupert was declared on Friday, June 16, 2023 by Forbes Magazine.

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Forbes real-time Global Billionaires Ranking pegged Rupert's net worth at $12 billion and Dangote's at $10.8 billion.

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Dangote's net worth took a massive dip due to the naira depreciation caused by the Central Bank of Nigeria's decision to auction the dollar at a relatively lower rate than the official market price. The central bank sold the dollar almost 30 per cent cheaper.

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These are some things to know about Rupert;

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73 years old Rupert was born in Stellenbosch, South Africa, on June 1, 1950 to business tycoon Anton Rupert and his wife, Hurberte. He is the eldest of his parent's children.

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2. Rupert studied economics and company law at the University of Stellenbosch but dropped out to pursue a business career.

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3, In 2004, the same university honoured Rupert with an honorary degree in economics. In 2008, he received another honorary doctorate from Nelson Mandela Metropolitan University.

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4, Rupert is married to Gaynor Rupert. The couple has three children together; Anton Ruper Jr., Caroline Rupert, and Hanneli Rupert.

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5, In 1979, he returned to South Africa after a while in the US and established Rand Merchant Bank where he remained CEO until 1984 when the company merged to form RMB Holdings.

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6, Upon leaving RMB, Rupert joined his father's cigarette manufacturing company, Rembrandt Group, founded in 1948.

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7, In 1988, Rupert founded Compagnie Financiere Richemont, a Switzerland-based luxury goods holding company. In the same year, he was appointed Non-Executive Director of Rothmans International plc and was also honoured by the Sunday Times as the "Businessman of the Year.ÔÇØ

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8, In 1989, Rupert became the vice chairman of his father's company and was made chairman of the same company, Rembrandt Group Limited, in 1991.

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9, in 1997, Rupert became the Non-Executive Chairman of Gold Fields South Africa Ltd.

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10, Rupert is also a golf enthusiast. In 1990, he established the Laureus Sport for Good Foundation. The foundation is aimed at addressing social issues through sports and has helped with about 675 projects globally.

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— Faith Ukanwa

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