The richest people in South Africa at the start of 2022

2022-01-12 05:58:00 PM

The richest people in South Africa at the start of 2022

Business, Technology

The richest people in South Africa at the start of 2022

Data from Forbes ’ real-time ranking of billionaires shows that some of South Africa’s richest people continued to grow their wealth in 2021, led by Johann Rupert, whose luxury goods group Richemont surged on the Johannesburg Stock Exchange, particularly in the second half of the year.

+$0.5 billionGiven the current rankings, Johann Rupert firmly maintains his position as South Africa’s richest man, with the Bloomberg Billionaire Index also placing his net worth of an estimated $11.7 billion above Nicky Oppenheimer’s $8.0 billion fortune.

Forbes and Bloomberg use different metrics to calculate net worth, causing some discrepancies. However, both rankings and lists put Johann Rupert squarely at the top for local billionaires.Rupert is one of South Africa’s best-known billionaires with shareholding in

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$1.by sector since 2016 Following the massive Covid-19 pandemic-related decline in new vehicle sales of 29.Nigeria Silence Salah & Egypt In Afcon Opener 6 Jan 11, 2022 - 07:55 pm By SL International Nigeria 1-0 Egypt Three-time Africa Cup of Nations winners Nigeria began their campaign with a 1-0 win over Egypt on Tuesday evening.Venue : Stade Omnisports de Bafoussam Senegal were without nine players due to Covid-19, including goalkeeper Edouard Mendy and Kalidou Koulibaly, while for Zimbabwe, Onismor Bhasera, Ishmael Wadi and Knowledge Musona were handed starts.

7 billion +$0.5 billion Given the current rankings, Johann Rupert firmly maintains his position as South Africa’s richest man, with the Bloomberg Billionaire Index also placing his net worth of an estimated $11.1% to 464,122 units in 2021.7 billion above Nicky Oppenheimer’s $8. Egypt coach Carlos Quieroz was forced into an early change as Akram Tawfik was forced to make way for Mohamed Abdelmonem in the 12th minute after picking up an injury.0 billion fortune. “It was a very satisfying performance by an industry that has had to deal with numerous challenges over the course of the year, ranging from global supply chain disruptions, insufficient model availability, persistent load-shedding, escalating logistics cost, as well as several domestic shocks,” it said. Forbes and Bloomberg use different metrics to calculate net worth, causing some discrepancies. Senegal entered the second half still in the ascendancy and missed out on the lead when Pape Abou Cisse headed over from a corner-kick, as Zimbabwe brought on Tido Kadewere for Prince Dube.

However, both rankings and lists put Johann Rupert squarely at the top for local billionaires. Overall, Naamsa said that market conditions in the new passenger car and light commercial vehicle market continued to be characterised by a buying downtrend , with sales of pre-owned vehicles offering the most enticing option during the year. Read: Salah: Egypt Are Not Favourites For AFCON Sudan 0-0 Guinea-Bissau Sudan and Guinea-Bissau could not be seperated after playing to a goalless draw in their Group D opener on Tuesday night. Rupert is one of South Africa’s best-known billionaires with shareholding in a large number of South African and international companies . Through Remgro, he has investments in the financial, healthcare, consumer products, industrial, infrastructure, media, and sports industries. Vehicle exports at 295,268 units in 2021 reflected an increase of 23,980 vehicles or a gain of 8. He is the chairman of Richemont, which boasts brands like Cartier, Dunhill, and Mont Blanc, where he owns in excess of 9% of the total shares in the business and has voting power of 51%. Algeria 0-0 Sierra Leone Defending champions Algeria began their campaign with a goalless draw against debutants Sierra Leone on Tuesday afternoon. Richemont’s market cap of R1. Looking ahead into 2022, it said that the performance of vehicle exports remains reliant on the performance and direction of global markets.

17 trillion gives Rupert a holding of in excess of R100 billion. Despite the ongoing pressure from the Covid-19 pandemic in 2020 and 2021, Rupert’s portfolio has weathered the storm and added as much as R54 billion to his net worth. However, Naamsa said that Covid-19 has increased the levels of uncertainty and its effects will be felt for years to come. Algeria will now look forward to Sunday's clash against Equatorial Guinea while Sierra Leone do battle against 2015 winners Ivory Coast. This was in line with the fortunes of many of the world’s richest people last year. According to Bloomberg’s index, which tracks the public portfolios of the world’s billionaires, the richest people around the globe added a combined $402. The association said that many Covid-19 disruptive elements are expected to remain in play in 2022 and prevailing market conditions will continue to be hampered by escalating cost increases and supply chain disruptions, such as the global semi-conductor shortages impacting the availability of certain models.17 billion to their net worths in 2021.

This was led by South African-born Tesla CEO, Elon Musk, who added $121 billion (30% of the total) to his net worth in 2021, alone. Furthermore, the realities of rising interest rates and fuel prices are expected to impact vehicle affordability as household budgets remain under pressure, dimming the hopes of a further strong recovery in the economy any time soon,” it said. Musk was the first person to see his net worth surpass $300 billion, after shares in Tesla rocketed 60% in 2021, and the company’s market cap blew past a $1 trillion valuation. Despite falling back below that astronomical figure, the tech boss remains the world’s richest man, exceeding his closest competitor – Amazon’s Jeff Bezos – by as much as $80 billion. Naamsa said that a sustained higher domestic economic growth rate is essential to support higher domestic new vehicle sales volumes. Musk was not alone in his success, however, as a host of other top-earners saw their fortunes exceed $100 billion, including Bezos, who, for a time, was also ranked as the richest man in the world. Read: .8% in 2022, the new vehicle market is expected to continue its gradual recovery during the year, but at a slower pace and at this stage a year-on-year improvement of around 8% in aggregate new vehicle sales volumes is projected for 2022.