Johann Rupert replaces Nicky Oppenheimer as SA’s richest man

 

Richemont group founder Johann Rupert has replaced Nicky Oppenheimer as South Africa’s richest person according to a new list.

The Bloomberg Billionaires Index, which updates daily according to changes in the net worth of billionaires, shows that Rupert is now the world’s 241st richest person, while Oppenheimer is the 245th richest.

Rupert was previously 240th, and Oppenheimer 216th, on the list which tracks the world’s 500 wealthiest people, Rapport reported.

According to Bloomberg, Rupert’s net worth is now $7.36 billion, or roughly R105 billion, compared to $6.55 billion in 2019 – growing it by $0.81 billion, or roughly R11.5 billion, in one year.

Rupert founded the Swiss-based Richemont out of the Remgro group founded by his father Anton Rupert. The Richemont group today operates brand labels such as Montblanc and Cartier.

Meanwhile, Oppenheimer now has a net worth of $7.33 billion, or roughly R104.5 billion, compared to $7.05 billion a year ago.

He was the former chairman of De Beers diamond mining company, and deputy chairman of Anglo American, a company founded by his grandfather.

Both Rupert’s and Oppenheimer’s wealth pales in comparison to the world’s richest person, Amazon co-founder Jeff Bezos, with a fortune of $116 billion, or roughly R1.65 trillion.

The remaining South African on the list is the lesser-known Natie Kirsh which is now the 317th richest person on the list.

Kirsh has a net worth of $6.16 billion, or roughly R87.74 billion, according to Bloomberg. His fortune stems from his 70% shareholding in Jetro Holdings, which owns restaurant supply stores Jetro Cash and Carry and Restaurant Depot in the United States.

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