
South African tycoon Michiel Le Roux rakes in another $91 million from Capitec Bank stake
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 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.
Le Roux remains one of South Africa’s wealthiest businessmen.
Le Roux co-founded Capitec Bank in 1999 with Jannie Mouton and Riaan Stassen.
Le Roux owns 11.36 percent of the Stellenbosh-based banking group.
Le Roux owns 11.41 percent of the South African bank.
Through his stake in Capitec Bank, Le Roux ranks as one of South Africa’s richest men.
Le Roux owns a sizable 11.41-percent stake in Capitec Bank.
The billionaire has recorded an impressive $149-million surge in the value of his stake in the past 16 days.