
Barry Swartzberg loses $40 million from stake in Discovery
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
South African businessman Barry Swartzberg’s stake in JSE-listed Discovery has dropped by $40.1 million, falling from R5.5 billion ($283.8 million) to R4.72 billion ($243.7 million).
This uptick follows a period of steady gains for Gore, with his Discovery stake growing by $22 million between May 15 and 29.
Despite the recent plunge, Gore remains a prominent figure on the JSE and one of South Africa’s wealthiest businessmen.
Despite these substantial losses, Swartzberg continues to hold his ground as one of South Africa’s prominent businessmen.
Despite this setback, Gore maintains his status as a top figure among the richest investors on the JSE.
As the founder of Discovery Limited, Gore owns a 12.96-percent stake in the group, which amounts to 87,267,598 ordinary shares.
As the founder of the leading financial services group, Gore owns a 12.96-percent stake in Discovery, which amounts to 87,267,598 ordinary shares.
Billionaires.Africa has identified and cataloged various companies and holdings linked to Swartzberg.
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.
Discovery Limited is a Sandton-based insurance conglomerate led by South African businessman Adrian Gore.
Gore holds a significant 7.48-percent stake in Discovery, which amounts to 48,599,758 ordinary shares.