Cie. Financiere Richemont SA Chairman Johann Rupert, who said yesterday he will take a 12-month sabbatical after leading the company for 25 years, has overtaken Nicky Oppenheimer as the richest South African.
The Oppenheimer family, the mining dynasty selling out of De Beers for $5.1 billion, will use part of the proceeds to boost funds in its private-equity joint venture with Temasek Holdings Pte, Nicky Oppenheimer said.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
De Beers broke with a tradition of promoting internally to appoint Alstom SA’s Philippe Mellier , a mechanical engineer with a background in cars and trains, to head the world’s largest diamond producer.
Anglo American Plc , whose mines made South Africa the continent’s biggest economy, said Nicky Oppenheimer will leave the company, making it the first time a member of the family hasn’t sat on the board since they created the business in 1917.
De Beers, the world’s second- largest diamond miner, said Barend Petersen will replace Nicky Oppenheimer as executive chairman of its South African mining operations and appointed Phillip Barton as chief executive officer of the unit.
Barry Lok grimaced as he gazed at the rotting carcass of his rhino bull, Kruger, lying under a tree on his farm northwest of Johannesburg. His heart had been pierced by a poacher’s bullet and his horn, worth its weight in gold, sawn off to be sent to Asia.