South Africa's Richest Billionaire Adds 1.58 Billion To His Fortune In Just 24 Hours
- Johann Ruperts net worth surged by 1.58 billion in 24 hours, reaching 15.2 billion, fueled by Richemont's 17 share price rise.
- Richemont, chaired by Rupert, hit 16.7 billion nine-month sales in fiscal 2025, with record quarterly revenue of 6.33 billion.
- Analysts upgraded Richemont stock following strong performance, driving investor interest and boosting Ruperts wealth significantly.
South Africas richest person, Johann Rupert, has added 1.58 billion to his fortune in the past 24 hours, bringing his net worth to 15.2 billion, according to the Bloomberg Billionaires Index.
This recent gain builds on the 1.3 billion increase in his net worth over 2024, and solidifies his status as South Africas wealthiest individual and one of the richest people globally.
Richemont shares surge, Rupert benefitsThe boost in Rupert's wealth is tied to the performance of Richemont, the Swiss-based luxury conglomerate he chairs. Richemont owns iconic brands such as Cartier, Van Cleef Arpels, and Chlo.
Over the past 24 hours, the companys shares on the SIX Swiss Exchange in Zurich surged more than 17 percent, driving its market capitalization closer to 100 billion. As a result, Ruperts stake in the company, valued at 10.9 billion, rose sharply from 9.3 billion.
Rupert holds a 10.18 percent equity stake and controls 51 percent of Richemont's voting rights through his ownership of 6.26 million A shares and 522 million B shares.