Billionaire Johann Rupert is embroiled in a dispute over his offshore account, thanks to EFF demonstrators. This article contains everything we know about Richemont’s chairman.
Johann Rupert
Johann Rupert is a businessman from South Africa.
Richemont and Remgro both have him as their chairman. The Laureus Sport for Good Foundation was formed by the billionaire, who is also a former cricketer.
Eff Johann Rupert Businesses & Net Worth 2022, Tycoon’s Billions Exposed
In 2022, Johann Rupert will be a billionaire, with a net worth of $9.4 billion.
Forbes lists him as the 228th richest person in the world and the second richest person in Africa. Luxury items, according to an American business journal, are his source of riches.
Johann is the head of the Compagnie Financiere Richemont in Switzerland. According to Wallmine, his annual income is around $3 million.
In addition, he owns 7% of Remgro, a diversified investment firm where he serves as chairman, and 25% of Reinet, a Luxembourg-based investment holding company.
Johann’s net worth was $6.6 billion in 2013. And the number has fluctuated quite a bit over the course of nine years, from that time to 2022. With $4.6 billion, this year was the most in his career, while 2020 was the lowest.
In recent years, he has spoken out against plans to allow fracking in South Africa’s Karoo region. He owns property in the area.
The Economic Freedom Fighters (EFF), South Africa’s second-largest opposition party, protested outside Johann’s wine fields in the Western Cape region today, April 6, 2022.
The protest is being held to commemorate the arrival in South Africa of Dutchman Jan van Riebeeck, the country’s first European colonizer. They also protested at his other properties in Mpumalanga’s northern province.
Even nearly three decades after the end of White-minority rule in the country, racial inequality persists. Furthermore, according to the Bloomberg Billionaires Index, the three wealthiest South Africans are White men.
Johann’s offshore bank accounts are being investigated by the EFF, who allege him of tax avoidance. Similarly, they claim they intend to confront him and demand the return of their land.
Controversies Surrounding Johann Rupert
Johann Rupert, a billionaire, has been involved in a number of issues in recent years.
During an interview with PowerFM in 2018, the famous one surfaced. He was chastised for denying that white monopoly capital existed. Similarly, his remarks about black South Africans’ saving habits sparked controversy.
Johann later expressed regret for his conduct. However, Andile Mngxitama (head of the Black First Land First party) said that his remarks were a reason for white South Africans to be killed.
