Adrian Gore’s stake in Discovery tops $500 million
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Discovery Holdings announces its top five executives earned a combined R205 million in FY 2024, highlighting significant performance bonuses and strategic growth in the competitive financial services sector.
South African insurance tycoon Adrian Gore nears billionaire status amid Discovery’s strong performance.
The two newly issued bonds, detailed in filings with the JSE on May 14, have nominal values of R576 million ($31.33 million) and R924 million ($50.26 million).
Despite the recent decline, Gore remains a top figure on the JSE.
The group’s interim results for the first half of the 2024 fiscal year showcase a headline earnings figure amounting to $172.4 million.
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, led by Gore, plans to collaborate with power developers to establish wind and solar plants based on the aggregated demand.
Discovery was founded in 1992 by Gore and Barry Swartzberg.