South African businessman Adrian Gore bags $81.6 million from Discovery stake
Gore owns a 7.38-percent stake in Discovery, or 48,599,758 ordinary shares.
Gore owns a 7.38-percent stake in Discovery, or 48,599,758 ordinary shares.
Gore’s net worth plummets by $34.9 million as Discovery’s shares face significant pullback.
Gore’s stake in Discovery is presently valued at $320 million.
Gore revealed that the move is a strategic attempt to deliver value.
Swartzberg owns a 3.93-percent stake of the Sandton-based company.
Earlier, the founders sold off close to $4.86 million of their shares in the diversified multinational financial service group.
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.