South African billionaire Johann Rupert's Richemont stock slides as China luxury slump weighs on Swiss empire
Billionaires Africa | 26.03.2026 18:26
Shares in Cie Financière Richemont have been taking a beating on the SIX Swiss Exchange, and the story behind the slide is becoming harder to ignore. Johann Rupert, the South African billionaire who founded the company in 1988 and controls a majority of its voting rights, is watching the market test the durability of the empire he built around some of the world's most recognized jewelry and watch brands.
