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Key Points
- Bob van Dijk’s 0.24% stake in Naspers has earned him R559.15 million ($27.87 million) in 2024, fueled by the company's strong stock performance.
- Naspers’ stock surged 39.24% in 2024, increasing its market cap to over $40 billion, driven by growth in eCommerce and strategic asset management.
- Naspers reported a 23% revenue increase in H1 2025, with eCommerce revenue growing 24%, and a fivefold increase in adjusted EBIT.
Bob van Dijk, the South African-born Dutch business executive, has solidified his place among Africa's top business leaders, recording impressive portfolio gains in 2024 following his storied tenure as CEO of Naspers, Africa's most valuable company.
Having led Naspers from 2014 until his departure in September 2023, van Dijk continues to benefit from his 0.24 percent stake in the global conglomerate, which amounts to 467,135 ordinary shares. Since the beginning of the year, he has made R559.15 million ($27.87 million) from his stake, driven by Naspers' strong performance on the Johannesburg Stock Exchange (JSE).
This reflects the growing market value of his investment, spurred by heightened investor interest in Naspers, which is headquartered in Cape Town. The multinational, with a diverse portfolio spanning online retail, publishing, and venture capital, operates across five continents and serves over two billion customers.
Naspers has seen its share price surge by 39.24 percent in 2024, rising from R3,050.12 ($170.95) at the start of the year to R4,247.1 ($228.55) per share. This rally has pushed its market capitalization above $40 billion, fueled by strong demand from both local and international investors.
Van Dijk’s stake in Naspers has mirrored this growth, increasing by R559.15 million ($27.87 million) this year. His holding has climbed from R1.43 billion ($78.28 million) at the start of 2024 to R1.98 billion ($106.15 million), reinforcing his position as one of the JSE’s most prominent investors and one of Africa’s wealthiest executives.
Strong eCommerce performance drives Naspers forward
Despite a slight devaluation of the South African rand, which has reduced foreign investors' gains to 35.6 percent, Naspers’ performance on the JSE remains impressive. A $100,000 investment in Naspers shares at the start of the year would now be worth $135,602, reflecting a $35,602 profit.
The rally in Naspers’ stock has been fueled by investor confidence in its financial performance. Naspers reported a 23 percent revenue increase in the first half of its 2025 fiscal year, rising from $2.9 billion to $3.4 billion, driven by a robust eCommerce portfolio and strategic asset management.
The company’s consolidated eCommerce revenue grew by 24 percent year-on-year, highlighting Naspers' commitment to innovation and profitability. Adjusted EBIT also surged, quintupling to $169 million, demonstrating the company’s resilience in a competitive market.
Looking ahead, Naspers is poised to capitalize on opportunities in artificial intelligence, sustain key investments, and optimize its operations for long-term growth. Its ongoing buyback program has already generated $36 billion in value, delivering a 12 percent net asset value (NAV) accretion per share—the highest among tech companies globally by market capitalization.
