* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

    Entertainment: On Your Marks, Get Set, Beer Run! – Urban Milwaukee

    Get Ready to Race: The Ultimate Beer Run Experience Awaits!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

South Africa’s Top Billionaire, Johann Rupert, Incurs $3.4 Billion Loss in a Span of 10 Weeks 

September 22, 2023
in Business
South Africa’s Top Billionaire, Johann Rupert, Incurs $3.4 Billion Loss in a Span of 10 Weeks 
Share on FacebookShare on Twitter

Despite a promising beginning this year, Johann Rupert, South Africa’s richest individual, has seen a notable decrease in his wealth over the last 10 weeks. The billionaire’s fortunes have been impacted by continuous sell-offs in the shares of Richemont, the Swiss luxury goods company for which he acts as chairman.

Bloomberg Billionaires Index, which monitors the wealth of the world’s wealthiest individuals, says Johann Rupert’s net worth has dropped by $3.4 billion in the past ten weeks. This decrease is directly linked to the sustained decline in the market value of his significant stake in Richemont

In the span of approximately 10 weeks, starting from July 14, Johann Rupert’s net worth has tumbled from an impressive $14.4 billion to its current level of $11 billion. This significant decline has drastically reduced his year-to-date wealth gains, going from $3.5 billion to just $122 million in a mere 70 days.

Continuous drop in Richemont contributes to the decline

The notable $3.3-billion reduction in his wealth is closely linked to the continuous drop in the market value of his 10.18-percent stake in Richemont. The shares of Richemont have slipped from CHF153.95 ($170.05) on July 14 to CHF115.2 ($127.25) as of the time of this report.

Johann Rupert’s substantial interest in Richemont is held through Compagnie Financiere Rupert. As of March 31, 2023, this stake included 6,263,000 Richemont “A” shares and 522,000,000 Richemont “B” shares, collectively representing 10.18 percent of the company’s capital and a controlling majority of 51 percent of its voting rights.

Due to the recent decline in Richemont’s shares, the market value of Johann Rupert’s stake in the company now stands at $7.87 billion. Additionally, his holdings in Reinet Investments and Remgro are valued at $1.01 billion and $384 million, respectively.

Despite this recent setback, Johann Rupert maintains his position as South Africa’s wealthiest individual, surpassing fellow South African magnate Nicky Oppenheimer.

Boasting a net worth of $11 billion, he holds the title of the second-wealthiest individual in Africa and secures the 174th spot among the world’s richest people.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessElitesAfrica – https://businesselitesafrica.com/2023/09/22/south-africas-top-billionaire-johann-rupert-incurs-3-4-billion-loss-in-a-span-of-10-weeks/

Tags: Africa’sbusinessSouth
Previous Post

Naira Experiences Unprecedented Decline as CBN Delays Rate Decision 

Next Post

Tribunal Affirms Mutfwang’s Victory in Plateau State Gubernatorial Election

Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

June 2, 2025
The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

June 2, 2025
Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

Labour pushes ‘military Keynesianism’ to win support for defence spending – The Guardian

June 2, 2025
ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

June 2, 2025
Statewide Hawaii high school surfing closer with passage of funding bill – Spectrum News

Surf’s Up: Hawaii High School Surfing Program Secures Funding Boost!

June 1, 2025
Precision ecology for targeted conservation action – Nature

Unlocking Targeted Conservation: The Power of Precision Ecology

June 1, 2025
Climate scientists are hosting a 100-hour YouTube livestream in response to Trump’s research funding cuts – Space

Climate scientists are hosting a 100-hour YouTube livestream in response to Trump’s research funding cuts – Space

June 1, 2025
YouTube Science Star Derek Muller Confronts PFAS “Forever Chemicals”—In His Own Blood – Scientific American

YouTube Science Sensation Derek Muller Takes on PFAS “Forever Chemicals” Found in His Own Blood!

June 1, 2025
The 17 Recipes We Can’t Wait To Make This June – Yahoo

17 Must-Try Recipes to Savor This June!

June 1, 2025
Blaze, Duke, Lockett, Rademacher headline men’s freestyle champions at U20 World Team Trials – USA Wrestling

Rising Stars Shine: Blaze, Duke, Lockett, and Rademacher Claim Victory at U20 Men’s Freestyle Championships!

June 1, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (657)
  • Economy (672)
  • Entertainment (21,579)
  • General (15,254)
  • Health (9,715)
  • Lifestyle (674)
  • News (22,149)
  • People (673)
  • Politics (681)
  • Science (15,892)
  • Sports (21,177)
  • Technology (15,660)
  • World (660)

Recent News

Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

June 2, 2025
The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

The Trump administration’s report on kids’ health cites made-up scientific studies – NPR

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version