Gap between Johann Rupert and Nicky Oppenheimer’s net worth shrinks

Fortune can be a very fickle mistress. Johann Rupert, who enjoyed a spectacular start to September, now looks set to close the month worse off than when he started it. Valued at $9.56 billion just a few weeks ago, the entrepreneur’s net worth has taken a significant tumble, shortening the wealth gap between him and Nicky Oppenheimer.

Net worth of Johann Rupert vs Nicky Oppenheimer

The Bloomberg Billionaires Index, which records the net worth of the 500 richest people on Earth in real time, features the two wealthiest citizens in South Africa. Both Johann Rupert and Nicky Oppenheimer are within the world’s top 350 earners, but it’s the former who may now start looking over his shoulder.

Whereas Nicky Oppenheimer’s net worth has remained stable at $7.8 billion this month, Johann Rupert’s has fluctuated. On the first day of September, he was up to $9.36 billion. A week later, he was valued $200 million higher. The momentum from his financial surge looked like it would take him past the $10 billion mark.

Has Johann Rupert lost money in September 2021?

However, if that is to happen, the Stellenbosch-based investment tycoon will have to start from a smaller base: Figures for Wednesday 22 September show that Johann Rupert’s personal fortune is estimated to now be $8.84 billion.

That’s down by 7.5%, and $700 million has been wiped from his slate. These indicators do fluctuate quite often, so it’s possible that Rupert will be back above the $9.5 billion mark soon. But what this data shows us, for the time being, is that there is now only $1 billion between the Remgro businessman and Nicky Oppenheimer.

Net worth rankings for SA’s richest citizens

Johann Rupert has slipped to 286th on the top 500 list, and Nicky Oppenheimer has moved up a few places to 340th. In Rand, they are worth R130 billion and R115 billion respectively. The weakening of the SA currency, which is drifting towards R15 to the US Dollar, may also have contributed to Rupert’s slump.

Alas, a ‘slump’ that still leaves you with $8.84 billion in the bank is just about manageable, we reckon.

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