News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Wealth Of Richest Man In South Africa Decrease By $229 Million Within 24 Hours* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?yn Johann Rupert, the richest man in South Africa, saw a $229 million decrease in his wealth within 24 hours. According to the Bloomberg Billionaires Index, his net worth dropped by $229 million, going from $13.6 billion to $13.4 billion due to the decline in the market value of his 9.14% stake in Richemont. Richemont is a Swiss-based luxury goods group that owns premium brands like Cartier, Chloe, and Dunhill, making up most of Rupert’s fortune. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- This decline in net worth is linked to the decrease in Richemont’s market value, which fell 2.44% from CHF151.65 ($170.3) to CHF147.95 ($166.1) within 24 hours, bringing the group’s market capitalization to below CHF80 billion ($90 billion) and Rupert’s stake below $10 billion. Johann Rupert remains the richest man in South Africa and the second-richest man in Africa, with a net worth of $13.4 billion, putting him among the world’s richest. He has gained $2.47 billion in net worth year-to-date, making him the only African billionaire with a net worth gain of over $2 billion this year. Aside from his Richemont stake, Rupert is a major shareholder in Remgro, which has investments in over 30 companies, including FirstRand, Unilever South Africa, and RMB Holdings. He also has a 25% stake in Reinet Investments, a holding entity for Richemont’s stake in British American Tobacco, through Anton Rupert Trust. *More Pindula News* itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback