Johann Rupert (Net worth: $5.3 B)
According to Bloomberg, Rupert controls the world’s largest luxury watchmaker, Cie. Financiere Richemont, through a family trust. The Bellevue, Switzerland-based company’s brands include Jaeger-LeCoultre and Cartier. His other holdings include Remgro, a Stellenbosch, South Africa-based investment vehicle with stakes in more than 30 companies.
The majority of Rupert’s fortune is derived from Cie. Financiere Richemont, a publicly-traded luxury goods manufacturer and retailer, and the world’s largest luxury watchmaker, according to Bloomberg Intelligence data.
Parties associated with Johann Rupert and his family investment vehicle, Cie. Financiere Rupert, own 0.5 percent of the luxury company’s Class A shares, which are publicly traded, according to its annual report for the year to March 31, 2018. Through Switzerland-based Compagnie Financiere Rupert, the family owns all Class B shares, which do not trade and have one-tenth the economic value of Class A shares, according to the report.
The billionaire serves as chairman of the family’s investment vehicle. Individual ownership stakes aren’t disclosed.
They have a stake in Remgro, a holding group with investments in more than 30 companies, including FirstRand, Unilever South Africa and RMB Holdings. The family beneficially owns 0.5 percent of Remgro’s publicly traded ordinary shares and controls all of Remgro’s Class B shares through Rembrandt Trust, a trust of which Rupert is a director, according to the company’s 2018 annual report. The two share classes carry equal economic value, according to analysts who cover the company and asked not to be identified.
They own almost 25 percent of Reinet Investments, a company founded in 2008 as a holding entity for Richemont’s stake in British American Tobacco, through beneficial ownership of the South Africa-based Anton Rupert Trust, according to the company’s annual report for the year to March 31, 2018.
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