Connect with us

Other News

Latest Africa’s Richest Man Is A School Drop Out

Published

on

South Africa Set To Legitimize S3x Work

 

It is no longer news that Forbes Magazine declared South African billionaire, Johann Rupert, “Africa’s richest man,” on Friday June 16, 2023.

 

With the feat, he displaced Nigeria’s Aliko Dangote, who has held that title for 10 years at a stretch.

 

Interestingly, Dangote could only surrender the title because a tweak in monetary policies at the Central Bank of Nigeria (CBN). When the CBN opted to auction the dollar at a relatively lower rate than the official market price, Dangote’s net worth took a dip.

 

It was gathered that the CBN sold the dollar almost 30 percent cheaper.

 

The declaration saw Forbes real-time Global Billionaires Ranking peg Rupert’s net worth at $12 billion, while Dangote’s stood at $10.8 billion.

 

Find below some salient facts that might interest you about reigning Africa’s richest man.

 

1. He was born into wealth, being the first child of business tycoon Anton Rupert and his wife, Hurberte. He arrived the earth on June 1, 1950, in Stellenbosch, South Africa.

 

2. The 73-year old, dropped out of the University of Stellenbosch, where he was studying Economics and Company Law in quest of a career in business.

 

3. Interestingly, the same university bestowed on him an honorary degree in Economics in 2004. The Nelson Mandela Metropolitan University added a feather to his cap with an honorary doctorate degree in 2008.

 

4. He is married to Gaynor Rupert, with whom he has three children, Anton Ruper Jr., Caroline Rupert, and Hanneli Rupert.

 

5. Upon his return to SA in 1979, he founded the Rand Merchant Bank where he remained CEO until 1984 when the company merged to form RMB Holdings.

 

6. When he left the Rand Merchant Bank, he linked with his father’s cigarette manufacturing company, Rembrandt Group, founded in 1948.

 

7. In 1988, Rupert founded Compagnie Financiere Richemont, a Switzerland-based luxury goods holding company. In the same year, he was appointed Non-Executive Director of Rothmans International plc and was also honoured by the Sunday Times as the “Businessman of the Year.”

 

8. In 1989, Rupert became the vice chairman of his father’s company and was made chairman of the same company, Rembrandt Group Limited, in 1991.

 

9. He became the Non-Executive Chairman of Gold Fields South Africa Ltd in 1997.

 

10. Africa’s richest man, Rupert is a known golf enthusiast. His passion for the game saw him set up the Laureus Sport for Good Foundation in 1990. He has been using the foundation to address social issues through sports and has helped with about 675 projects across the world.

Click to comment

Other News

Dangote Cement Workers Abducted In Edo

Published

on

Gunmen believed to be kidnappers have reportedly abducted an unspecified number of employees from the Dangote Cement Company Plc in Okpella, Etsako West local government area of Edo state.

The incident occurred on Monday when the workers were traveling back to Okpella town in a staff bus after work.

According to an anonymous source from Okpella community, the gunmen ambushed the bus, emerged from the bush, halted the vehicle at gunpoint, and then took the workers into the bush.

The source added “Yes, we heard of it, they said they were in a Coaster bus coming to Okpella after work when they were kidnapped by gunmen. But, we don’t know the numbers of the workers that have been kidnapped.”

Confirmation from police authorities regarding the incident was unavailable as calls and messages to the State Commissioner of Police and the Command’s spokesperson went unanswered.

Continue Reading

Other News

NNPC/First E&P JV Empowers NGOs With N53.4m

Published

on

As part of its Corporate Social Responsibility (CSR) initiatives, the Nigerian National Petroleum Company Limited (NNPC Ltd) and First Exploration & Production Limited (First E&P) joint venture (JV) has donated the sum of N53 million to non-governmental organizations (NGOs) in Nigeria.

Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such as good healthcare and well-being, quality education as well as economic growth within the nation.

Speaking during the cheque presentation ceremony, NNPC Ltd’s Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti, expressed gratitude to First E & P for initiating the laudable programme.

Represented by the Deputy Manager, External Relations, NUIMS, Mrs. Edith Lawson, Wunti highlighted NNPC Ltd’s belief in the power of CSR, stressing that the Company remains committed to working with its partners to impact the lives of the less-privileged.

Wunti said under the initiative, projects and programmes executed include the provision of classrooms, ICT Centres, laboratories and other infrastructural intervention projects, scholarships, quiz competitions, skill acquisitions, and economic empowerment, a testimony to NNPC’s dedication to fostering sustainable development in Nigeria.

Wunti described First E & P’s foresight and leadership as commendable, adding that the partner has spearheaded the initiative towards meaningful change that will ensure a better future for all Nigerians.

Among the beneficiaries of the donation were the Irede Foundation, which provides custom-made artificial limbs to child amputees aged 0-18 and Human Development Initiative (HDI), which focuses on tackling fundamental issues of poverty, injustice, neglect, deprivation, and equality among vulnerable people.

Others were the OISA Foundation, which transforms lives through interventions in the education and healthcare sectors; Cerebral Palsy Center, which renders support to families with children with cerebral palsy as well as the Niola Cancer Care Foundation, which organises awareness talks and screens communities for colon cancer.

Continue Reading

Other News

Niger Speaker Plans Mass Wedding For 100 Orphans Of Bandit Attacks

Published

on

In a heartwarming gesture, Abdulmalik Sarkindaji, Speaker of the Niger State House of Assembly, has announced plans to arrange marriages for 100 female orphans who lost their parents to banditry in Mariga Local Government Area.

Sarkindaji stated that he will cover the grooms’ dowries and has already obtained all necessary items for the collective wedding event.

The selected girls were chosen from a group of 170, as part of the Speaker’s constituency empowerment project to support the underprivileged.

Sarkindaji further revealed that the Niger State Governor, Mohammed Umar Bago, and the Emir of Kontagora, Alhaji Mohammed Barau, will serve as guardians for the 100 female orphans during their collective marriage ceremony.

The event, scheduled for May 24 in Bangi, Mariga Local Government Area, will also be attended by Sheikh Aminu Daurawa, the Kano State Commander General of the Hisbah Board.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.