One of our South African readers today has commented on the story of the buyout of a South African consortium, and they believe they know who the consortium is.
Johann Rupert – Anton’s son now runs Richemont
One of our readers, based in South Africa - Boktoon – has commented:
“I have lived in Johannesburg for last 15 years – I think this SA company could be Richemont – seems to fit the company business model.”
“They revamp brands and London based Johann Rupert is the head of the Rupert family and is worth $3.3B.”
In today’s exchange rate that makes Johann Rupert worth around £1.79B.
The Rupert family is a well-known billionaire family from Stellenbosch, South Africa, and we list some information on them in this article, but bottom line is they look like a very well founded and good family, and have already done a lot of philanthropy work in their time.
Maybe it’s time to do some of that work for Newcastle United.
From what we can tell, they would be terrific owners of the Newcastle United club – so we are now hoping this story is true, but yes it’s the NOTW we know.
Here’s some background on the Rupert family:
Anton Rupert (4 October 1916 – 18 January 2006) founded the family businesses. He and his wife Huberte Rupert (– 28 October 2005) moved to a home in Thibault Street on the northern banks of the Eerste River in the 1950s. Anton and Huberte had three children: Johann, Antonij and Hanneli. The boys attended Paul Roos Gymnasium, while Hanneli went to Bloemhof Girl’s High.
Anton and Huberte were considered philanthropists, supporting a number of projects for the preservation of the arts. The Rupert family is listed on the Forbes list of the 500 wealthiest worldwide, with a net worth of $3.3B..
Here is a short bio on Johann Rupert, Executive Chairman, South African, age 57
Mr Rupert was appointed to the Board in 1988 and has served as Executive Chairman of Compagnie Financière Richemont SA since 2002. He is Chairman of the Nominations Committee and of the Strategic Product and Communication Committee.
Mr Rupert studied economics and company law at the University of Stellenbosch, South Africa and has had an extensive career in international business, banking and finance. After working for the Chase Manhattan Bank and Lazard Frères in New York he founded Rand Merchant Bank in 1979.
In 1985 he joined the Rembrandt Group. Three years later he founded Richemont and became Group Chief Executive. Appointed as Executive Chairman in September 2002, he served as Group Chief Executive Officer during the period from October 2003 to September 2004. He is Non-Executive Chairman of Remgro Limited and of VenFin Limited and the Managing Partner of Compagnie Financière Rupert.
The University of Stellenbosch awarded him an honorary doctorate in Economics in 2004. In 2006 he was appointed as Chairman of the Peace Parks Foundation. He has been a Trustee of the Nelson Mandela Children’s Foundation since its inception.