Johann Rupert is the chairman of Remgo, a South Africa-based company, as well as the chairman of Richmont, a Swiss-based luxury company. According to African Ventures, which is a newly established pan-African business magazine, Rupert is currently the 6th richest person in Africa and the 2nd richest man in South Africa. Forbes estimates his net worth to be $7.6 billion (as of March, 2014).
Net Worth: $7.6 Billion
Source: Luxury Goods
Born: June 1, 1950
Nationality: South African
Marital Status: Married
Johann Rupert Background
Johann Peter Rupert was born on June 1, 1950 in Stellenbosch, South Africa. He was born as a firstborn son to Anton Rupert and Huberte Rupert. Johann’s father, Anton, is a deceased South African business tycoon. Johann Rupert is currently the 2nd richest person in South Africa, 6nd richest person in Africa and 179th richest person in the world. According to Forbes Magazine, Rupert’s net worth amounts to $7.6 billion, and most of his wealth derives from his family’s luxury goods business.
After pursuing law and economics, Rupert moved to New York, where he started his career at the Chase Manhattan Bank, then joined Lazard Freres later on. In 1979, he decided to return to South Africa and set up the Rand Merchant Bank. In the same year, he founded the Small Business Development Corporation, which has employed over 600,000 people since its inception. Even though the sales of cigarettes were the original source of the Rupert family wealth, the family’s business has recently shifted its focus to luxury goods.
In the year 1985, Rupert assumed the role of General Manager of Rembrandt, which is the family company that was founded by his father. This company was involved in tobacco, as well as wines and spirits. In the year 1987, Rupert separated his South African assets from his foreign assets, fearing retentions against all companies that were linked to apartheid.
Rembrandt merged with Rothmans in the year 1997, and later on merged with British American Tobacco in the year 2002. On November 2009, an announcement was made stating that Rupert would take up the position of CEO of Compagnie Financiere Richemont. Rupert is currently the major shareholder of Richemont, which is a Swiss-based luxury-goods company. He is also the chairman of Remgro, which is a South Africa-based company. He owns many properties in haute couture, watch-making and jewelry (Piaget, Lancel, Dunhill, Cartier, and Van Cleef & Arpels.
Laureus Sport for Good Foundation is a foundation that was founded by Rupert in 1990. This foundation that funds 65 projects globally was initiated with the intention of using sport to address social issues, having a greater emphasis on underprivileged children. Together with his friends, Tim Noakes and Morne Du Plessis, Rupert co-founded the Sports Science Institute.
Rupert is also involved in various golf-related projects and even designed one of the top three golf courses in South Africa, Leopard Creek Golf Club situated in Mpumalanga. He also serves as the chairman of the South African Golf Development Board and the chairman of the South African PGA Tour. In 2009, Rupert became an inductee of the South African Golf Hall of Fame. Just like his father, Rupert is a committed conservationist. Besides being the Chairman of the Peace Parks foundation, he has personally conserved not less than 25,000 hectares in Graaf Reinet Area.
Johann Rupert is married to Gaynor Rupert and the couple has three children namely Hanneli Rupert, Caroline Rupert and Anton Rupert Jr.