Swazi billionaire Natie Kirsh who is known for his vast wealth and business ventures in the food supply industry has further solidified his position as Eswatini’s wealthiest individual and one of Africa’s richest men as his net worth surges by $110 million over the past nine days.
According to the Bloomberg Billionaires Index — which tracks the fortunes of the world’s 500 wealthiest billionaires — Kirsh’s net worth has surged by $110 million over the past 9 days, rising from $7.10 billion on Nov. 21 to $7.21 billion today, Nov. 30.
The primary driver behind this surge — which translates to an average daily gain of $12.2 million — is attributed to the performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company overseeing two prominent wholesale grocery enterprises in the United States — Jetro Cash & Carry and Restaurant Depot.
With a $7.21 billion fortune, Natie Kirsh holds 322nd spot among the world’s richest individuals
Currently holding the 322nd spot on the Bloomberg Billionaires Index, Kirsh derives a significant portion of his wealth from private investments. His closely held conglomerate Kirsh Group, which holds a majority position in Jetro Holdings — a prominent food supply company — is presently valued at $205 million.
Going by Bloomberg’s figures, Kirsh’s 75-percent stake in Jetro Holdings — a New York-based consumer goods holding company overseeing two wholesale grocery enterprises in the United States, namely Jetro Cash & Carry and Restaurant Depot — is currently worth $4.77 billion, accounting for more than 66 percent of his entire $7.21-billion wealth.
Natie Kirsh’s real estate empire: Towering investments in London and Sydney
In addition to his investment in Jetro Holdings, the Swazi billionaire owns a 54-percent stake in Abacus Property Group, a publicly traded real estate investment trust based in Sydney presently valued at $315 million.
Kirsh’s property portfolio includes Tower 42, London’s pioneering office skyscraper presently valued at $364 million, and the Jandakot Airport in Perth, Australia.
While the market value of most of his properties has been recovering in the year, Tower 42, an iconic London landmark, has experienced a slight decline of $9 million since the start of the year — decreasing from $373 million to $364 million.
