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Businessman donates salary to charity

Jun 22 2012 08:06 Sapa

Company Data

COMPAGNIE FINANCIERE RICHEMONT SA [JSE:CFR]

Last traded 90.19
Change -0.85
% Change -0.01
Cumulative volume 2654850
Market cap 470.79bn

Last Updated: 30/10/2014 at 01:45. Prices are delayed by 15 minutes. Source: McGregor BFA

REMGRO LIMITED [JSE:REM]

Last traded 245.00
Change -2
% Change -0.01
Cumulative volume 291253
Market cap 117.87bn

Last Updated: 30/10/2014 at 01:47. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Luxury goods group Richemont [JSE:] executive chairperson Johann Rupert earned a smaller salary this year but as usual donated his £3.6m earnings to charity, according to a report on Friday.

Business Day reported that Rupert's take home salary this year was £3.6m, down from £3.9m last year.

This is contained in Richemont's annual report which was released on Thursday.

Rupert's salaries and benefit payments from Richemont, Remgro [JSE:REM], Reinet Investments Manager and Reinet Fund Manager are traditionally donated to charity, reported the newspaper.

The company has declined to name the recipient charities.

 

 
remgro  |  richemont
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