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Rupert family worth $2.3bn 

Jump to full article: News24 (za), 2006-01-22

Intro:

The prominent Rupert family was one of only three South African families which appeared last year in Forbes rich list of billionaire families.

The American business magazine lists the 500 most-influential families with assets of more than $1 000m.

With assets of $2.3bn, the 272nd spot belongs to Johann Rupert, 54, and his family, while Nicky Oppenheimer, 59, and his family lay claim to position 72 with assets of almost $6bn. . . .

Dr Anton Rupert, who died last Wednesday at the age of 89, and his family first appeared on the list in 1996. He was then 79 years old.

86% of SA tobacco market

In 1996, the Ruperts had assets worth $1.6bn and were placed 241st.

According to Forbes, the Ruperts in that year, apart from their $816m shareholding in Richemont, also controlled 86% of the South African tobacco market and had meaningful stakes in gold-mining companies, banks and the wine industry.

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