Who Is The Richest Man In South Africa?

Johann Rupert, a South African billionaire, is currently the richest person in Africa, according to Forbes’ Real-Time Billionaires list. He surpassed Nigerian tycoon Aliko Dangote in 2024.

Johann Rupert is a prominent figure in the South African business world, known for his leadership in various sectors. His success story is rooted in his family’s legacy and his astute business acumen. The Rupert family’s journey into wealth started with a humble beginning in the 19th century with a small retail store in Stellenbosch, South Africa. His grandfather, Anton Rupert, expanded the business into tobacco, laying the foundation for the family’s future fortune. Johann Rupert, however, expanded the family’s business interests beyond tobacco.

He spearheaded the diversification of the family business, moving into luxury goods and financial services. He’s the chairman of Remgro, a prominent investment holding company, and Richemont, a luxury goods conglomerate that owns a portfolio of prestigious brands like Cartier, Van Cleef & Arpels, Montblanc, and Dunhill. His vision and strategic investments transformed the family business, propelling it to new heights. His wealth comes from a combination of his investments in these diverse sectors, demonstrating his successful entrepreneurship and investment strategy.