R3.3 billion payday for South Africa’s richest man

South Africa’s richest person, Johann Rupert, is set for a multi-billion rand payout thanks to his significant shareholding in Richemont.

For the financial year ended 31 March 2024, Richemont sales were up by 3% at actual exchange rates and 8% at constant exchange rates to EUR R20.6 billion , driven by Jewellery Maisons and retail, each representing 69% of Group sales. Using this exchange rate, the group’s revenue jumped by 19% to R418 billion, while operating profit increased by 9% to R97 billion.The A-shares have their primary listing on the Swiss Exchange and a secondary listing on the JSE.

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