Johann Peter Rupert is the eldest son of South African business tycoon Anton Rupert and his wife Huberte. He is the chairman of the Swiss-based luxury-goods company Richemont as well as of the South Africa-based company Remgro. It was announced on 13 November 2009 that as of 1 April 2010, he would assume the position of Chief Executive Officer of Compagnie Financiere Richemont. Together with his family he was estimated to be worth $7.7 billion as of September 2013 and Forbes ranked him as one of the five richest Africans.