On June 16, Forbes Magazine named South African billionaire Johann Rupert “Africa’s richest man,” ousting Nigeria’s Aliko Dangote, who had held the distinction for the previous ten years.
According to Forbes’ real-time Global Billionaires Ranking, Rupert’s net worth is $12 billion, while Dangote’s is $10.8 billion. Dangote’s net worth plummeted as a result of the naira’s depreciation as a result of the Central Bank of Nigeria’s decision to auction the dollar at a lower rate than the official market price.
The central bank sold the dollar for over 30% less.
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With Johanna’s new status as Africa’s richest man, here are some facts about him.
1. He’s a 73 years old man. Rupert was born on June 1, 1950, in Stellenbosch, South Africa, to business magnate Anton Rupert and his wife, Hurberte. He is the eldest kid of his parents.
2. Rupert attended the University of Stellenbosch and studied economics and company law before dropping out to pursue a business career.
3. In 2004, the same university bestowed an honorary degree in economics on Rupert. Nelson Mandela Metropolitan University bestowed upon him another honorary doctorate in 2008.
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4. Rupert’s wife is Gaynor Rupert. Anton Rupert Jr., Caroline Rupert, and Hanneli Rupert are the couple’s three children.
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5. After spending some time in the United States, he returned to South Africa in 1979 and founded Rand Merchant Bank, where he remained CEO until 1984, when the company amalgamated to form RMB Holdings.
6. After leaving RMB, Rupert joined Rembrandt Group, his father’s cigarette manufacturing company founded in 1948.
7. In 1988, Rupert formed Compagnie Financiere Richemont, a luxury goods holding firm based in Switzerland. In the same year, he was named Non-Executive Director of Rothmans International plc, and the Sunday Times named him “Businessman of the Year.”
8. Rupert was appointed vice chairman of his father’s company in 1989 and chairman of the same company, Rembrandt Group Limited, in 1991.
9. Rupert became the Non-Executive Chairman of Gold Fields South Africa Ltd in 1997.
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10. Rupert enjoys golf as well. He founded the Laureus Sport for Good Foundation in 1990. The foundation’s mission is to alleviate social concerns through sports, and it has assisted with around 675 initiatives worldwide.
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