• What Monopoly? South African Billionaire Defends White Wealth

    12 days ago - By Fortune

    Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apartheid.
    In a combative interview on Johannesburg-based radio station Power FM, the 68-year-old chairman of the maker of Cartier watches dismissed the idea of "white monopoly capital" - a local term referring to the economy being dominated by white people who make up less than 10 percent of the population.
    "What does white monopoly capital mean?" Rupert said, after interviewer Given Mkhari...
    Read more ...

     

  • What Monopoly? South African Billionaire Defends White Wealth

    12 days ago - By Fortune

    Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apartheid.
    In a combative interview on Johannesburg-based radio station Power FM, the 68-year-old chairman of the maker of Cartier watches dismissed the idea of "white monopoly capital" - a local term referring to the economy being dominated by white people who make up less than 10 percent of the population.
    "What does white monopoly capital mean?" Rupert said, after interviewer Given Mkhari...
    Read more ...