Eswatini’s richest man Natie Kirsh gains $1.66 billion in 2024
Kirsh, now ranked 286th globally, is the only African billionaire to gain more than $1.5 billion in 2024.
Kirsh, now ranked 286th globally, is the only African billionaire to gain more than $1.5 billion in 2024.
Earlier this month, Kirsh’s fortune saw a substantial increase of $270 million, rising from $8.41 billion on June 1 to $8.68 billion by June 7.
Ranked 317th on the Bloomberg Billionaires Index, Kirsh derives a substantial portion of his wealth from private investments.
The primary driver behind this growth is the exceptional performance of Jetro Holdings, a New York-based consumer goods holding company in which Kirsh holds a 75-percent stake.
The $260-million decline in his fortune is attributed to the performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company.
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
Kirsh’s net worth has decreased by $55.4 million since the start of 2024 — falling from $7.61 billion on Jan. 1 to $7.56 billion at the time of writing.
In addition to his investment in Jetro Holdings, the Swazi billionaire owns a 54-percent stake in publicly traded real estate investment trust, Abacus Property Group.
Natie Kirsh’s fortune experienced a surge of $170 million in just 19 days, rising from $6.99 billion on October 21 to $7.16 billion on November 9.
Kirsh Group, the holding company for Kirsh’s investments, also saw its value dip by $100 million, falling from $305 million to $205 million.
Kirsh’s net worth has surged by $330 million in a span of 39 days, climbing from $6.93 billion on Aug. 6 to a staggering $7.26 billion on Sept. 14.
The majority of Kirsh’s investments are held within his conglomerate, Kirsh Group.
Kirsh’s wealth is derived from a diverse investment portfolio spanning the retail and real estate sectors.