
South African tycoon Michiel Le Roux rakes in another $91 million from Capitec Bank stake
This followed a recent surge in his stake from May 31 to June 26, during which he witnessed a substantial increase of $120 million.
This followed a recent surge in his stake from May 31 to June 26, during which he witnessed a substantial increase of $120 million.
These stakes contribute to Mouton’s expanding wealth and reinforce his position as one of South Africa’s leading business figures.
Du Plessis, a prominent South African businessman and a co-founder of Capitec Bank, owns a beneficial 0.78-percent stake in the financial services provider.
Mouton, who has accumulated a substantial fortune through his diverse investment portfolio, has a 5.83-percent stake in Capitec Bank.
This latest $120-million surge in Le Roux’s stake solidifies his position as one of Africa’s wealthiest individuals.
After suffering significant losses earlier this year, Mouton has bounced back with an impressive gain of $59.1 million in just 19 days.
Despite the decline in the market value of his stake in the bank, Le Roux remains one of the wealthiest businessmen in South Africa.
Le Roux stages remarkable comeback, reclaiming billionaire status with soaring net worth.
Capitec Bank was founded more than 20 years ago by Michiel Le Roux, Riaan Stassen, and Piet Mouton’s father, Jannie Mouton.
The $20.12-million dividend brings Le Roux’s total dividend earnings for the 2022 fiscal year to $30.2 million.
Under Le Roux, Capitec Bank has grown into one of the world’s most reputable retail banking brands.
Le Roux owns 11.41 percent of the Stellenbosch-based financial services provider.
Le Roux is widely regarded as one of Africa’s richest men.
Le Roux is a 73-year-old South African billionaire and co-founder of Capitec Bank.
Le Roux remains one of South Africa’s wealthiest businessmen.
Le Roux co-founded Capitec Bank in 1999 with Jannie Mouton and Riaan Stassen.