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‘Rupert gives salary to charity’

Economy

Luxury good group Richemont executive chairman Johan Rupert earned a smaller salary this year, but, as usual, donated his 3.6

million pounds earnings to charity, according to a report on Friday.

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

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

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

The company has declined to name the recipient charities. - Sapa

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