Anton Rupert
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| Anton Rupert | |
.jpg) Anton Rupert, as pictured on his biography
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| Born | October 4, 1916 |
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| Died | January 18, 2006 (aged 89) Stellenbosch |
| Occupation | Entrepreneur, Businessman, Conservationist |
| Net worth | US$ 2.3 billion [1] |
| Spouse | Huberte |
Dr. Anthony Edward Rupert (4 October 1916 – 18 January 2006) was an Afrikaaner-South African billionaire entrepreneur, businessman and conservationist. He was born and raised in the small town of Graaff-Reinet in the Eastern Cape. He studied in Pretoria and ultimately moved to Stellenbosch, where he established the Rembrandt Group [2] was formed and where it still has its headquarters. He died in his sleep at his home in Thibault Street, Stellenbosch at the age of 89, and is survived by a son Johann, a daughter Hanneli[3] and six grandchildren. His wife and his youngest son, Anthonij, pre-deceased him.
According to his biography, Rupert's business career spanned over sixty years. He started his global empire with a personal investment of just ₤10 in 1941 becoming named on the Forbes list of 500 wealthiest families worldwide. At the time of his death his assets were estimated at $1.7 billion.
After dropping out of medical school due to a lack of funds, Rupert earned a chemistry degree at the University of Pretoria, where he also lectured for a short while. Subsequently, he started a dry-cleaning business.
Some time later, with an initial investment of GBP 10 and together with two fellow investors, he started manufacturing cigarettes in his garage, which he eventually built into the tobacco and industrial conglomerate Rembrandt Group, overseeing its transition to the industrial and luxury branded goods sectors, with Rembrandt eventually splitting into Remgro (an investment company with financial, mining and industrial interests) and Richemont (a Swiss based luxury goods group). Currently, this business empire encompasses hundreds of companies located in 35 countries on six continents, with combined yearly net sales in the region of USD 10 billion.
Rupert had also been deeply involved in environmental conservation and his companies have been prominent in funding the fine arts; since 1964 foundations established by Rembrandt have used a part of the group's profits for the promotion of education, art, music and the preservation of historical buildings.
He also played an important role in the South African Small Business Development Corporation (SBDC), a non-profit company whose loans to small and medium-sized businesses have created nearly half a million jobs since 1981. Being openly critical of the apartheid system during that era, both at home and abroad, he has recently been quoted by President Thabo Mbeki as the man who called upon the Apartheid leadership to "do something brave" and create partnership with the black majority in the '80s.
In 2004, he was voted 28th in the Top 100 Great South Africans.
[edit] Business career
Rupert established the tobacco company “Voorbrand” in the 1940’s. He soon renamed it Rembrandt Ltd., whose overseas tobacco interests were consolidated into Rothmans in 1972.
In 1988, the Rembrandt group founded the Swiss luxury goods company, Richemont, which in turn acquired Rembrandt's shares in Rothmans. Richemont also owns such luxury brands as Cartier (jewellery); Alfred Dunhill and Sulka (designer clothing); Seeger (leather bags); Piaget, Baume & Mercier and Vacheron Constantin (Swiss watches) and Montblanc (writing instruments).
In 1995, Rembrandt and Richemont consolidated their respective tobacco interests into Rothmans International, which was at the time the world's fourth largest cigarette manufacturer.
In 1999, Rothmans International merged with British American Tobacco (BAT), the world's second largest cigarette producer. Remgro now holds a 10% and Richemont an 18.6% share in BAT.
Rupert's eldest son, Johann Rupert, is now the CEO of Richemont and chairman of Remgro.
The Rupert family is also deeply involved in the South African wine and liquor industry, owning the L'omarins and La Motte Wine Estates and having a stake in Rupert & Rothschild Vignerons, the wine-making partnership between the Rupert and Rothschild families (at the time of his death due to a car crash in 2001, Rupert’s youngest son, Anthonij [4] , was head of Rupert & Rothschild Vignerons.)
The Ruperts also partially control two of South Africa’s largest wine merchant houses, Stellenbosch Farmers' Winery (SFW) and Distillers Corporation, who together produce one of every six bottles of wine in South Africa and nearly eighty percent of the country's brandy. These two companies have merged to form Distell.
Among other interests, the Rupert Group also owns South Africa's second-largest chain of private hospitals, the Medi-Clinic Corporation, with 5,500 beds.
[edit] Involvement in Conservation
Rupert was a founding member of the WWF (World Wildlife Fund) and it was in his role as the president of the organisation’s South African branch that he took a lead in the creation of trans-frontier parks (also known as trans-frontier conservation areas (TFCAs) or “peace parks”), such as the Lubombo trans-frontier conservation area. He also established the 1001 Club: A Nature Trust in 1970 to fund the organization.
With an initial grant of 1.2 million Rand (US$ 260,000) from the Rupert Nature Foundation, the Peace Parks Foundation was established on 1 February 1997 in order to facilitate the establishment of TFCAs in southern Africa. Nelson Mandela, Prince Bernhard of the Netherlands and Anton Rupert were the founding patrons of the Peace Parks Foundation.
