Who is the Richest Person in South Africa?

Johann Rupert is the richest person in South Africa sitting on an estimated net worth of 7.4 Billion, and that’s in US dollars.

He has beaten the likes of mining magnet Nicky Oppenheimmer and Financial services Allan Gray.

Rupert is a luxury goods billionaire as chairman of Compagnie Financiere Richemont. The sixth largest company on the Swiss stock exchange and the third largest luxury goods chain in the world. Richemont also owns 20 premium brands including the very famous Cartier, Dunhill, Van Cleef & Arpels, Jaeger-LeCoultre, Montblanc, Chloe, and Piaget, among others.

Johann Rupert also owns a 7% stake in Remgro, which he chairs. Both companies were founded by his father Anton Rupert, who grew a small garage-based cigarette manufacturing operation into major industrial and luxury goods concerns. It reported sales of operating profit of €2.4 billion

Rupert also chairs 25% of Reinet, a Luxembourg based investment holding company that has a stake in British American Tobacco Company. He is also part-owner of the Saracens English Rugby team and Anthonij Rupert Wines, which was named after his deceased brother.

In recent times, Rupert has taken up the role of activist as he’s a vocal opponent of plans to allow fracking in the Karoo, where he owns land. He also worked for a time at Chase Manhattan Bank and Lazard Frères in New York before starting out on his own.

He serves as the head of the South African PGA Tour and the South African Golf Development Board. He also founded the Franschhoek Motor Museum, which houses his personal collection of over 200 antique motor vehicles.

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