Johann Rupert Gains 1.3 Billion Following Us Tariff Pause
Johann Ruperts net worth rises by 1.3 billion in five days, recovering from recent losses, bringing his fortune to 14.5 billion.
The surge follows a tariff pause announcement by President Trump, boosting Richemont shares by 5 and restoring Ruperts wealth.
Rupert ranks 148th on Bloombergs billionaire list, with significant investments in Richemont, Reinet, Remgro, FirstRand, and 2.33 billion in cash.
South Africas richest person, Johann Rupert, has seen a rebound in his fortune, adding 1.3 billion to his net worth over the past five days. This includes gains recorded between the markets opening last Thursday and Friday, helping him recover from previous losses.
According to the Bloomberg Billionaires Index , which tracks the worlds 500 wealthiest people, Rupert, chairman of Swiss luxury group Richemont, has watched his fortune rise from 13.2 billion on April 10 to 14.5 billion as of this report.
Richemont recovery reverses wealth declineThe latest surge comes after a tough stretch that saw his wealth slide from a peak of 17 billion on March 4 to 13.2 billionhis lowest level since December 2024. That decline was driven by market turmoil following U.S. tariffs announced by President Trump.
But with the 1.3 billion bounce in recent days, Rupert has not only erased earlier losses, but now holds a year-to-date gain of 813 million. Thats a sharp turnaround from the 470 million deficit he faced at the start of trading last Thursday.
The recent rebound in his fortune is tied to his 10.18 percent stake in Richemont, the company behind luxury brands like Cartier, Van Cleef Arpels, and Chlo. Thanks to his combination of A and B shares, Rupert controls 51 percent of the companys voting rights.