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*South Africa's Richest Man Gained $286m In 24 Hours* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zx Johann Rupert, South Africa’s richest man and Africa’s second-wealthiest, saw a significant increase in his net worth by $286 million in 24 hours due to a surge in the share price of Swiss luxury goods conglomerate Richemont. Rupert’s net worth rose by $286 million in one day, reaching $13.7 billion as of the time of writing, as reported by the Bloomberg Billionaires Index. ---------- 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 increase is attributed to a recent surge in Richemont’s shares, which followed the group’s announcement of a profit of $4.25 billion at the end of its 2023 fiscal year, driven by a 19% increase in revenue. Johann Rupert The increase came just a fortnight after Johann Rupert experienced a $229 million decrease in his net worth within 24 hours due to a decline in the market value of his 9.14% stake in Richemont. The Bloomberg Billionaires Index reported that his net worth dropped from $13.6 billion to $13.4 billion. Richemont owns premium brands such as Cartier and Dunhill and makes up most of Rupert’s fortune. The decline in net worth was linked to a decrease in Richemont’s market value, which fell 2.44% within 24 hours. *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*
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