Introducing the new CEO of the Richemont Group

South African native, and one of Forbes Magazine’s richest people, Johann Rupert, has recently been appointed the new CEO of the Richemont Group.

Richemont Group owns numerous world-class watch and jewelry labels, including Cartier, Panerai, Jaegar Le Coultre, and A. Lange & Sohne. New CEO Johann Rupert‘s long history of working in the luxury world as well as his charismatic personality are tell-tale reasons why the South African native was selected for the position.

Rupert has jumped on board in full-speed-ahead fashion, and he’s already indicating that he wants autonomy for the group brands. With the economy giving the sale of luxury items a run for its money, Rupert, and Richemont Group in general, have a lot of work ahead of them. Richemont Group, and it’s main competitor Swiss Swatch Group, have been hit hard by the recession, and as the new CEO, Rupert certainly has some busy days ahead of him.

Via: Luxist

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Vinny Lingham

That minor detail regarding inheritance, is unfortunately an uninformed opinion.

If, the writer took the time to read this wikipedia article, they would get a whole different view, including one of a young man in his twenties working in New York as a normal employee for 5 years : http://en.wikipedia.org/wiki/Johann_Rupert

However, as an entrepreneur, he has probably created more wealth for investors (through his various listed entities) than any other person in South African history. His record of entrepreneurship speaks for itself.

If we, as a society, we are to rate entrepreneurs on their ability to create wealth and alleviate poverty (in emerging markets in particular), and not their background (whether they be rich or poor), then surely Johann Rupert deserves a far better ending paragraph, than the one so poorly written in this article.

Vinny Lingham

I notice that the last paragraph that I was referring to was removed. For future reference relating to online journalism, it is not the correct etiquette to modify/delete any part of a published work, without leaving a trail (i.e. strikethrough on the text). That said, the offending paragraph is best left out of this article.

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