Proceed on his nine-year reign Aliko Dangote because the richest man in Africa. Johann Rupert, chairman of Swiss-based luxurious items producer Rickmont and South African firm Remgro, is the brand new richest individual within the continent of Africa. Rickmont’s manufacturers embody Cartier, Van Cleef & Arpels and Piaget. Rupert was born into wealth – the household’s destiny started along with his father Anton, who dropped out of medical faculty as a result of he couldn’t afford tuition, and with £ 10 he and two traders began making cigarettes in his storage . This small enterprise developed into the Rembrandt Group, a tobacco and industrial conglomerate. However, Johann didn’t need him to be taken in to start out and run his father’s firm, so he determined to make his fortune on his personal phrases. So, whereas Rupert constructed appreciable fortune, for all intents and functions, he’s additionally a self-made billionaire, as his fortune was earned very in another way from his father, diversifying and altering the household enterprise By.
Johann Peter Rupert was born on 1 June 1950, two years after his father based the tobacco firm Rembrandt Group. He is the oldest son of the late billionaire industrialist Anton Rupert and his spouse Hubert. He dropped out of Stellenbosch University in South Africa, the place he went to New York City for a job as an apprentice at Chase Manhattan Bank, learning economics and company legislation. Rupert labored for Chase and lived in New York City for funding banking agency Lazard Frères earlier than returning to South Africa. Once house, Rupert determined to not work for his father or rested on the reward of being the inheritor to a multi-billion greenback fortune. Instead, he based Rand Merchant Bank, given his years of monetary expertise in New York City. Eventually, Rupert’s financial institution merged into Rand Consolidated Investment. At this level, he joined the household enterprise along with his father. But he nonetheless did it in his personal method, in a novel method.
While working at Rembrandt, he diversified the corporate’s pursuits into wine, spirits and different South African buying and selling sectors equivalent to banking and mining. Johann utterly captured Rembrandt within the late Nineteen Eighties. As he was within the firm’s driver’s seat, he separated Rembrandt’s European property into his personal firm – Switzerland-based Compagnie Financier Richemont. Today, Rupert is chairman of the luxurious items conglomerate Reckmont, which splits itself into two firms: Remgro, the restructured model of the Rembrandt Group and Reinet Investments, a holding firm that controls Rembart’s stakes in British American Tobacco.
His father might have handed over the tobacco enterprise to his oldest son, however in the present day Johann Rupert controls a really nicely diversified worldwide group. More than half of Johann Rupert’s household comes from Rembrandt’s tobacco stake, relatively than his stake in luxurious jewelery-making firm Reckmont. Remgro, the restructured model of the corporate created by his father, has stakes of greater than 30 firms throughout dozens of industries. Thanks to this success, in the present day Johan’s private wealth is $ 7.3 billion and he’s the richest individual not solely in South Africa, however the continent of Africa as a complete.
Johann Rupert lives in Johannesburg along with his spouse Gaynor. The couple has three kids. Rupert can also be an avid golfer, a lifelong member of the South African PGA Tour in addition to the European Tour. He additionally designed the course at Leopard Creek Golf Club, which he purchased in 1995 with professional golfer Gary Player. Johan Rupert was inducted into the South African Sports Hall of Fame in 2007 and in 2009 the South African Golf Hall of Fame.