Anton Rupert

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Anton Rupert
Born (1916-10-04)4 October 1916
Graaff-Reinet, Eastern Cape, South Africa
Died 18 January 2006(2006-01-18) (aged 89)
Stellenbosch, Western Cape, South Africa
Nationality South African
Alma mater University of Pretoria
Occupation Businessman, conservationist, philanthropist
Net worth US$2.3 billion [1]
Spouse(s) Huberte

Anthony Edward Rupert (4 October 1916 – 18 January 2006) was an South African billionaire businessman, philanthropist, 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] 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 five grandchildren. His wife and his youngest son, Anthonij, pre-deceased him.

In 1966, he was mentioned as a possible candidate for Prime Minister as a part of a "Verwoerd must go" campaign. The Cape Province section of the ruling National Party endorsed Rupert over Verwoerd, citing the need to improve South Africa's international standing and Rupert's image as a "moderate" who could unify the country. Verwoerd was assassinated within one month, and hardliner John Vorster was endorsed by the NP caucus to replace him; he was to become South Africa's longest consecutive-serving head of government.[4]

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 (equivalent to £1,270[5] or US$1900 (R14,500)[6] in 2010) 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 US$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.

Business career[edit]

Rupert established the tobacco company "Voorbrand" in the 1940s. 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 held 10% and Richemont held 18.6% of BAT before unbundling.

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'ormarins 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,[7] 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.

Involvement in conservation[edit]

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 Transfrontier Conservation Area. He also established The 1001: A Nature Trust in 1970, a financial endowment to fund the organisation.[citation needed]

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 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. In 2000, the Cape Tercentenary Foundation awarded him the Molteno Medal for lifetime services to cultural and nature conservation.[8]

References[edit]

  1. ^ "South African Magnate Anton Rupert Dies". Forbes.com. 2006-01-19. Retrieved 2013-05-16. 
  2. ^ www.remgro.co.za
  3. ^ www.la-motte.com
  4. ^ http://4.bp.blogspot.com/-FOGJDGjrIqA/TeJ9TUPOTnI/AAAAAAAAB0k/QpgsJIC93zI/s1600/Verwoerd+1.JPG
  5. ^ Measuring Worth, Relative Value of a UK Pound Amount – average earnings. Retrieved 10 July 2010
  6. ^ EX, Universal Currency Converter. Retrieved 10 July 2010
  7. ^ "Tycoon built empire from humble beginnings | Opinion | Mail & Guardian". Mg.co.za. Retrieved 2013-05-16. 
  8. ^ "The Cape Tercentenary Foundation Medal". 

Further reading[edit]

  • Dommisse, Eben. Anton Rupert: A Biography. Tafelberg Publishers, 2009. ISBN 9780624048190
Academic offices
Preceded by
Alwyn Schlebusch
Chancellor of the University of Pretoria
1987–1992
Succeeded by
Chris Stals