Luxury watchmakers, alcoholic drinks, sports clubs, and even our healthcare companies: It’s almost harder to find an industry in South Africa that Johann Rupert DOES NOT have an interest in. However, the business empire of Mzansi’s richest citizen, in all likelihood, reaches right into your front room.
How rich is Johann Rupert?
That’s because Johann Rupert, as chairperson of the investment vehicle Remgro, has a stake in some very popular media companies. His eMedia Holdings and KTH businesses form part of the projects that make Remgro money, which in turn, lines the pockets of the world’s 271st richest person.
The might of Remgro
Earlier this month, we took a dive into how South African consumer habits helped make Mr. Rupert even richer than he already is. Distell, a subsidiary of his holding company, produces 33 alcoholic drinks that turn a profit for Remgro.
The investment behemoth has been around for decades, and Johann Rupert is indirectly involved with the fortunes of many South African institutions that form the cornerstones of our economy – it’s no wonder his own personal wealth is pushing the $10 billion mark. But his venture into the media is actually a relatively recent one…
In November 2009, Remgro and VenFin merged, marking Rupert’s first foray into media ownership. In the last 12 years or so, the multi-billionaire has added a dozen significant broadcasting stations to his portfolio. His most high-profile captures include the television stations of eNCA and e.tv.
However, both Jacaranda FM and Kaya FM have some of the biggest audiences amongst all regional radio stations. Here’s the list of every media house that has Remgro as its holding company: