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- Richemont<\/strong> is a Switzerland-based luxury goods holding company that sells jewellery, watches, leather goods, pens, and accessories through its subsidiaries.<\/li>\n<\/ul>\n\n\n\n
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- Reinet<\/strong> is a Luxembourg-based investment vehicle that was demerged from the Swiss luxury goods company Richemont in 2008.<\/li>\n<\/ul>\n\n\n\n
On 24 December 2024, Remgro’s market cap was R83 billion, Richemont’s was R1.48 trillion, and Reinet’s was R88 billion. The Rupert family has varying shareholdings in these companies.<\/p>\n\n\n\n
Johan Rupert and Anton Rupert Jnr. hold 7,551,005 shares in Remgro through an associate company, representing 1.4% of the company\u2019s issued share capital.<\/p>\n\n\n\n
However, the associate holds all of the 39,056,987 issued B-class ordinary shares, which gives the Ruperts 49.91% of Remgro\u2019s voting rights.<\/p>\n\n\n\n
The Rupert family holds 6,418,850 A-class ordinary shares and the entire issued 537,582,089 B-class ordinary shares in Richemont.<\/p>\n\n\n\n
These shares collectively give the Rupert family a 10.18% economic shareholding in Richemont and 51% of the voting rights.<\/p>\n\n\n\n
The Anton Rupert Trusts holds 48.8 million ordinary shares in Reinet Investments, representing a 24.93% shareholding of the company\u2019s total issued share capital.<\/p>\n\n\n\n
The Ruperts also own the only 1,000 management shares issued by Reinet, which gives them, as General Partners of Reinet, broad powers to manage the company.<\/p>\n\n\n\n
Taking over the Rupert family empire<\/h2>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/09\/Johann-Rupert-Remgro-1024x683.png\")
<\/a><\/figure>\n\n\n\nJohann Rupert has ruled his global business empire with an iron fist since he took the reins from his father.<\/p>\n\n\n\n
However, at 74, he is busy with a succession plan. He has elevated younger leaders to senior management positions and made numerous leadership changes.<\/p>\n\n\n\n
In a 2022 interview, he confirmed having the succession plan but refused to disclose details, stating that it would put undue pressure on the chosen successor.<\/p>\n\n\n\n
Rupert merely said the non-executive directors on the board are aware of the succession plan and are in agreement.<\/p>\n\n\n\n
From the Rembrandt era, it has been a family-run business, and the Ruperts have had full control over their companies.<\/p>\n\n\n\n
This is likely to continue, which means that his son, Anton Rupert, will take over from his dad when the time comes.<\/p>\n\n\n\n
Anton Rupert is very private, and it is difficult to find any information about him outside of his directorships in the Rupert-owned companies.<\/p>\n\n\n\n
Anton was appointed to Richemont\u2019s board as a non-executive director in 2017 and is a member of the Strategic Security Committee.<\/p>\n\n\n\n
He was a member of Richemont\u2019s Nominations Committee until April 2022 and a director of Watchfinder.co.uk from July 2018 to December 2019.<\/p>\n\n\n\n
He was also a director of MQA Limited, a company specialising in innovative music coding technology, from April 2015 to March 2023.<\/p>\n\n\n\n
He currently serves as a non\u2011executive director of Remgro. He was appointed to the board in 2018 and is a partner of Compagnie Financi\u00e8re Rupert.<\/p>\n\n\n\n
\u201cHe brings valuable insight into changing consumer behaviour in digital marketing and web-based commerce,\u201d Remgro said.<\/p>\n\n\n\n
Remgro added that Anton Rupert has had extensive exposure to all of the group\u2019s businesses since 2009.<\/p>\n\n\n\n
Anton is a non-voting observer designated by Reinet Fund and F.I.S. to the board of Carbon, a leading digital manufacturing platform.<\/p>\n\n\n\n
Since January 2021, he has been a member of the Advisory Board of Asia Partners Fund, a regional South East Asia private equity fund.<\/p>\n\n\n\n
He served as a director of the Gary Player-designed Leopard Creek golf course, owned by Johann Rupert.<\/p>\n\n\n\n
He was also a director of the Rupert family\u2019s Franschhoek Motor Museum and their L\u2019Ormarins Wine Estate.<\/p>\n\n\n\n
He regularly appears at sporting events linked to his family business, like the Cartier Queen’s Cup at Windsor Great Park and the Laureus World Sports Awards.<\/p>\n\n\n\n
Anton Rupert in the news<\/h2>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/01\/Anton-Rupert-Jnr-1024x576.jpg\")
<\/a><\/figure>\n\n\n\nAlthough Anton Rupert stays out of the spotlight, he did make headlines for less-than-admirable events.<\/p>\n\n\n\n
In 2008, he crashed his father\u2019s 1995 Ferrari F50. Commenting on the accident, Johann Rupert explained that he trusted his son to drive his vintage cars.<\/p>\n\n\n\n
\u201cI have asked a number of people that I trust, including my son, to drive the museum cars. This has been going on for well over a year,\u201d he said at the time<\/a>.<\/p>\n\n\n\n
\u201cAnton has completed an advanced driving course and has been my co-driver in two Mille Miglia\u2019s.\u201d<\/p>\n\n\n\n
\u201cMy wife and I are very proud of our three children. Despite growing up under an inevitable spotlight, they have all coped very well. They are not spoilt brats.\u201d<\/p>\n\n\n\n
Johann Rupert added that his son, Anton, normally drove an eight-year-old, second-hand Toyota.<\/p>\n\n\n\n
In 2015, his neighbours complained about excessive noise at his home at De Waterkant in Green Point, Cape Town.<\/p>\n\n\n\n
- Reinet<\/strong> is a Luxembourg-based investment vehicle that was demerged from the Swiss luxury goods company Richemont in 2008.<\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/09\/Johann-Rupert-Remgro.png\")
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