
South African tycoon Adrian Gore takes $37-million loss from investment in Discovery
Gore holds an impressive 7.48-percent stake in Discovery, or 48,599,758 ordinary shares.
Gore holds an impressive 7.48-percent stake in Discovery, or 48,599,758 ordinary shares.
Discovery was founded in 1992 by Gore as a medical insurer.
As one of South Africa’s wealthiest individuals, Gore amasses most of his $500 million fortune through his 7.48-percent stake in Discovery.
Discovery Limited is a Sandton-based insurance conglomerate led by South African businessman Adrian Gore.
Discovery, led by Gore, plans to collaborate with power developers to establish wind and solar plants based on the aggregated demand.
Gore holds a significant 7.48-percent stake in Discovery, which amounts to 48,599,758 ordinary shares.
Gore, who founded Discovery in 1992 and ranks as one of South Africa’s richest businessmen, owns a 7.48-percent stake in the Sandton-based insurance giant.
Gore owns a 7.38-percent stake in Discovery, or 48,599,758 ordinary shares.
The recent surge in Gore’s wealth can be attributed to the renewed interest from investors on the Johannesburg Stock Exchange.
Gore, the founder of Discovery, is recognized as one of South Africa’s richest investors and businessmen.
Gore’s net worth plummets by $34.9 million as Discovery’s shares face significant pullback.
Gore owns a sizable 7.48-percent stake in Discovery Limited.
Discovery was founded in 1992 by Gore and Barry Swartzberg.
Gore’s stake in Discovery is presently valued at $320 million.
Gore revealed that the move is a strategic attempt to deliver value.
A2X Markets is a Sandton-based stock exchange founded in 2014.