South African billionaire Michiel Le Roux suffers $100-million loss in 24 days
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
This significant plunge has caused his net worth to slump from $1.2 billion on Oct. 21 to $1.1 billion at the time of this report.
Le Roux owns an 11.39-percent stake in Capitec Bank. This stake makes him one of the richest men on the continent.
Le Roux holds an 11.39-percent stake in Capitec Bank, or 13,190,043 shares.
Le Roux holds an 11.39-percent stake in Capitec Bank.
le Roux holds an 11.39-percent ownership stake in Capitec Bank, or 13,190,043 ordinary shares.
In the tapestry of South Africa’s economic success, these five individuals are beacons of ingenuity and expertise.
As the holder of an 11.39-percent ownership stake in Capitec Bank, comprising 13,190,043 ordinary shares, Le Roux is among the continent’s richest individuals.
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 latest $120-million surge in Le Roux’s stake solidifies his position as one of Africa’s wealthiest individuals.
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.
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.