Johann Peter Rupert, a South African billionaire businessman, has a net worth of $7.1 billion. He serves as the South African Chairman of Remgro and the Swiss-based luxury goods company Richemont.
He has also served as Compagnie Financiere Richemont's CEO since April 2010. According to the Forbes list from 2021, Rupert and his family were the second-richest people in South Africa.
Johann Rupert Earnings and Networth
Full Name - Johann Peter Rupert
Date of Birth - June 1 1950
Age - 72 years
Profession - Chairman of Compagnie Financiere Richemont SA
Height - N/A
Nationality - South African
Source of wealth - Family Enterprise and Business
Annual Salary - N/A
Net worth - $7.1 billion
Last updated - December 2022
Johann Rupert Biography and Early life
Johann Peter Rupert was born on June 1, 1950, to the business tycoon Anton Rupert and his wife Huberte in Stellenbosch, South Africa. The oldest of his parents is Rupert.
He was raised in Stellenbosch and attended Paul Roos Gymnasium and the University of Stellenbosch to study economics and business law. However, Rupert left school to pursue a career in business. Still, he was later given an honorary doctorate in economics by the University in 2004.
The Nelson Mandela Metropolitan University bestowed an honorary doctorate upon him in 2008. Financial Times and Barron's have called Rupert "reclusive" because he avoids public events and rarely grants interviews.
For foreseeing a global economic crisis in 2006, the same newspaper dubbed him “Rupert the Bear.”
Johann Rupert Earnings and NetWorth
A universal basic income is a concept that Rupert has expressed support for and belief in. Rupert worked for Chase Manhattan for two years and Lazard Freres for three years while in New York City, where he completed his business apprenticeship.
In 1979, he left South Africa and established Rand Merchant Bank, where he served as CEO after working for Chase Manhattan Bank and Lazard Frères in New York.
He then formed RMB Holdings in 1984 by combining RMB and Rand Consolidated Investments. He later left to work for his father's business, the Rembrandt Group.
After then, he progressively chaired a lot of companies. Rupert is the company's Chairman of the board of directors. He also served as Chairman from 2002 to 2013 after being appointed to the board in 1988.
He was reappointed Chairman in September 2014 after taking a year off. In addition, he serves as the Senior Executive Committee's and Nominations Committee's Chairman, respectively.
Furthermore, he serves as Chairman of Reinet Investments Manager SA, the management company for Reinet Investments SCA, and as Non-Executive Chairman of Remgro Limited.
He also serves as Chairman of the Peace Parks Foundation and the Michelangelo Foundation. In addition, he assumed control of the L'Ormarins wine estate after his younger brother Antonij died in a car accident in 2001.
The owner of Rupert & Rothschild Vignerons was Antonij. In honor of his late brother, Rupert started a project to improve the farm.
He was also on the board of directors for the Institute of Directors in Southern Africa, the Southern African Nature Foundation, Business South Africa, and the South African Academy for Knowledge and Learning. He was also a council member of the South Africa Foundation.
Rupert also was a trustee in the Nelson Mandela Children's Fund Managing Trustee and an investment committee member. In addition, he served on the Advisory Board of Daimler Chrysler International.
Johann Rupert is a dedicated conservationist, following in the footsteps of his father, Anton. He is the Chairman of the Peace Parks Foundation, in addition to conserving approximately 25,000 hectares in the Graaff Reinet area.
Compagnie Financière Richemont
In 1988, he founded Compagnie Financière Richemont and was appointed Non-Executive Director of Rothmans International plc. Compagnie Financière Richemont SA conducts business in the markets of Europe, the Middle East, Africa, Asia, and the Americas in the luxury goods sector.
The company is divided into three segments: jewellery Maisons, specialized watchmakers, and online distributors. It creates, produces, and sells jewellery products, fine watches, writing instruments, jewellery, clothing, and leather accessories.
The company, established in 1979, sells its products through its boutiques and online stores under Cartier, Van Cleef & Arpels, Buccellati, and A-brands. Bellevue, Switzerland, is home to Compagnie Financière Richemont SA's headquarters.
Johann Rupert Award and Achievement
- 1988 Sunday Times Businessman of the Year.
- Vice Chairman of the Rembrandt Group in 1989
- 1990 Die Burger and the Cape Town Chamber of Commerce's top business leader
- Listed among the Global Leaders of Tomorrow for the World Economic Forum in Davos, Switzerland, in 1992
- A.H.I.'s M.S. Louw Award was given to him in 1993. ("Afrikaanse Handelsinstituut").
- Second time in 1996 that he was named the Businessman of the Year by the Sunday Times Business Times.
- Served as Gold Fields South Africa Ltd.'s non-executive Chairman in 1997
- 1999 Free Market Award from the South African Free Market Foundation.
- Three-time Most Influential Business Leader by top South African CEOs
- An honorary doctorate in economics from the University of Stellenbosch in 2004
- 2009 Officier of the French Ordre National de la Légion d'Honneur by the President of the French Republic
- 2009 International Wine Entrepreneur of the Year at the Meininger "Excellence in Wine and Spirit" awards ceremony in Düsseldorf, Germany
- The University's chancellor in 2009
- The European Golf Tour's honorary vice president.