South Africa's Richest Man, Johann Rupert, Gains 1.64 Billion In First Three Weeks Of 2025
- Richemonts 23 stock surge has pushed Ruperts wealth to 15.3 billion, making him Africas second-richest, per Bloomberg Billionaires Index.
- Investor confidence soars as Richemonts nine-month sales hit 16.7 billion, prompting analysts to upgrade ratings amid strong financial performance.
- Asia-Pacific sales dip 15, but Japans 25 surge and strong growth in Europe and the Americas drive Richemonts 6.15 billion quarterly revenue.
South Africas richest individual, Johann Rupert, has seen his wealth grow by 1.64 billion in the first three weeks of 2025, thanks to a 23 percent increase in the share price of his Swiss-based luxury goods holding company, Richemont. This surpasses his 1.3-billion wealth gain in 2024.
Rupert's fortune swells to 15.3 billionRupert, who controls Richemonta luxury conglomerate renowned for iconic brands like Cartier, Van Cleef Arpels, and Chlox2014has seen his net worth rise from 13.7 billion on Jan. 1 to 15.3 billion, according to the Bloomberg Billionaires Index .
This surge has propelled him to the 147th position among the worlds richest individuals and cemented his place as Africas second-richest person, behind Nigerias Aliko Dangote, whose wealth is estimated at 27.3 billion.
Forbes' real-time billionaire rankings still list Rupert as Africas richest person, with a net worth of 13.1 billion. This discrepancy arises because Forbes has yet to include Dangotes mega refinery in its valuation, showcasing different methodologies in assessing wealth.
Richemont gains 23, market cap nears 100 billionRuperts fortune is closely tied to Richemont, where he holds a 10.18 percent equity stake and controls 51 percent of the companys voting rights through a combination of A and B shares.