South African billionaire Michiel Le Roux gains $166.76 million as Capitec shares climb
This latest increase builds on an earlier gain of $185 million between Jan. 28 and Feb. 10, when his stake climbed from $2.08 billion to $2.27 billion.
Michiel Le Roux
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With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
South African billionaire Michiel le Roux's Capitec Bank stake rebounds above $2.2 billion
Capitec Bank shares have edged up 1.07 percent since Jan. 1, despite an early dip in January.
South African billionaire Michiel Le Roux faces $164.5 million loss from Capitec share drop
This decline has reduced the market value of his stake to $2.05 billion as the bank contends with broader market challenges.
South African Reserve Bank sanctions Michiel Le Roux's Capitec Bank
Despite the sanctions, Capitec maintained cooperation in its remedial measures to address compliance weaknesses and enhance its AML framework.
Capitec’s strong performance adds nearly $1 billion to Michiel Le Roux’s fortune
South African billionaire's net worth surges as bank shares hit record highs.
Capitec partners with Cisco to transform banking for 23 million clients
Capitec Bank collaborates with Cisco to enhance digital infrastructure and improve customer experience.
Michiel Le Roux's Capitec Bank stake soars above $2.5 billion
Earlier, between Sept. 6 and 19, his stake increased by R1.68 billion ($95.3 million), lifting the value from R37.94 billion ($2.16 billion) to R39.62 billion ($2.26 billion).
Capitec Bank to ease credit standards amid economic shifts, aiming for expansion and increased demand
Capitec Bank, led by Michiel Le Roux, is set to relax its credit standards to attract more customers and meet rising demand for credit, marking a strategic shift in its approach to lending amid South Africa’s economic challenges.
South African billionaire Michiel Le Roux’s Capitec Bank reports $369.4-million half-year profit
This rise from R4.69 billion ($270.22 million) in the same period last year highlights Capitec Bank’s resilience in a tough global economy.
South African billionaire Michiel Le Roux's Capitec Bank stake soars above $2.2 billion
Le Roux's stake in Capitec Bank has increased by $95.3 million in just two weeks, reflecting significant gains.
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