Anton Edward Rupert (4 October 1916 - ) is an Afrikaner-South African billionaire entrepreneur, businessman and conservationist. He was born in the small town of Graaff-Reinet and grew up in Stellenbosch, where the Rupert Group still has its headquarters.After dropping out of medical school due to a lack of funds, Rupert earned a chemistry degree at the University of Pretoria.
From humble beginnings as a chemistry lecturer, manufacturing cigarettes in his garage, Dr. Rupert built the tobacco and industrial conglomerate Rembrandt and oversaw its transition to the industrial and luxury branded goods sectors, with Rembrandt splitting into Remgro (an investment company with financial, mining and industrial interests) and Richemont (a Swiss based luxury goods group). Currently, the Rupert 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.
Dr Rupert has 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 has 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.
Although he was openly critical of the apartheid system during that era, both at home and abroad, he avoided confrontations that may have threatened his business interest
Dr. 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, Sulka and Hackett (designer clothing); Seeger (leather bags); Piaget, Baume & Mercier and Vacheron Constantin (Swiss watches) and Montblanc (pens).
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.Dr Rupert's eldest son, Johann Rupert, is now the CEO of Richemont and chairman of Remgro.
Posted at 09:48 pm by bommukutti
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