South African billionaire Koos Bekker’s wealth has risen thanks to a surge in the market value of his stake in Naspers which has climbed above $320 million. This solidifies his position among South Africa’s most affluent individuals.
According to market data tracked by Billionaire.Africa, the market value of Bekker’s stake in Naspers has surged by R699.48 million ($36.75 million) over the past eight days to R6.1 billion ($320.63 million), fueled by the recent rally in the conglomerate’s shares on the Johannesburg Stock Exchange (JSE).
This recent boost adds to Bekker’s previous gains. Between March 5 and 31, his stake in Naspers grew by $36.7 million, climbing from R4.97 billion ($263.55 million) to R5.66 billion ($300.31 million).
Bekker’s Naspers soars to $34 billion market cap
Naspers, a South African Internet and media conglomerate, has seen its share price surge 12.94 percent over the past eight days. This rally has propelled the company’s market capitalization above $34 billion, benefiting shareholders like Koos Bekker.
The diversified Naspers portfolio spans online retail, publishing, and venture capital, with a presence across five continents serving more than 2 billion customers. Its shares on the JSE have climbed from R3,201.46 ($168.12) on April 17 to R3,615.87 ($189.97) by April 25.
Bekker’s Naspers stake soars, boosting net worth
Koos Bekker, a South African business titan, is credited with transforming Naspers from a legacy newspaper publisher into a dominant player in e-commerce and cable TV. While his current stake in Naspers sits at a relatively modest 0.85 percent, representing 1,687,887 ordinary shares, Bekker’s influence on the company’s trajectory remains substantial.
Fueled by a recent surge in Naspers’ share price, the market value of Koos Bekker’s stake has grown by a significant R699.48 million ($36.75 million) over the past eight days, rising from R5.40 billion ($283.88 million) on April 17 to R6.10 billion ($320.63 million).
This gain solidifies Bekker’s position as a prominent South African business leader and a top investor on the JSE. His diversified investment portfolio has propelled his net worth to an estimated $2.7 billion, securing his position among Africa’s wealthiest individuals.
