Although Johann Rupert holds the position of the second-wealthiest individual in Africa, trailing only Nigeria’s Aliko Dangote, his financial performance this year has surpassed that of Dangote and other high-net-worth individuals across the continent.
This is thanks to several big-time moves he has made in recent weeks.
The plan would see Rupert’s investment holding company, Remgro, and Mediterranean Shipping Company (MSC), acquiring complete ownership of Mediclinic’s Southern African operations, while MSC’s wholly owned subsidiary, Investment Holding Limited S.à r.l. (IHL), takes full control of the Switzerland-based Hirslanden operations.
Mediclinic Southern Africa is the region’s third-largest private healthcare provider, with 50 hospitals, 8,991 beds, and over 21,400 employees.
However, according to BillionairesAfrica, the reason for his net worth growth is the impressive performance of his luxury goods holding company, Richemont.
The company recently reported $12.3 billion in half-year sales on the heels of record-level jewelry sales, which buoyed profits.
As per the report, the company posted a 10% increase in sales at constant exchange rates and a 5% increase at real rates for the first half of its fiscal year.
Sales jumped from €10.08 billion ($11.71 billion) to €10.62 billion ($12.33 billion).
Johann Rupert’s impressive net worth growth
As per Bloomberg’s Billionaire index, Johann Rupert, who began the year at the 171st position on the index with a net worth of $13.7 billion, is now worth $19.1 billion.
Throughout the year, his net worth has been up and down, as is typical with high-net-worth individuals.
In February, the South African billionaire was worth $17 billion, as per Bloomberg’s index, with a Year-to-Date change of $4 billion.
However impressive this is, it is not as impressive as his current Year-to-Date, which sits at +$5.49 billion.
For context, Dangote, which currently has a net worth of $29.2 billion, according to the same index, has a Year-to-Date change of +$1.11 billion.
And right below Rupert, fellow South African billionaire Nicky Oppenheimer, who has a net worth of $13.7 billion, has a Year-to-Date change of +$2.13 billion, highlighting just how impressive Johann Rupert’s growth the year so far has been.
Johann Rupert is no stranger to these outstanding gains, as in July, he had a net worth growth of $3billion, when his net worth jumped from $13.6 billion in March to $17 billion.
