South African tycoon Giovanni Ravazzotti suffers $16.8-million loss from Italtile stake
Despite the loss, Ravazzotti retains his position as one of the wealthiest investors on the JSE and one of South Africa’s most prosperous businessmen.
South Africa
Discovery shares plunge, costing South African tycoon Adrian Gore $43.2 million
Despite the recent decline, Gore remains a top figure on the JSE.
Africa’s first Black billionaire Patrice Motsepe loses $100 million in six weeks
The decline is a significant blow to Motsepe’s wealth, as his holding in ARM represents a substantial portion of his net worth.
South African billionaire Christo Wiese’s Shoprite employee trust pays out $27 million in two years
Established in May 2022, the SET is a non-vesting, perpetual trust funded with 40 million Shoprite Checkers shares valued at R8.9 billion ($478.07 million).
South African tycoon Gerrie Fourie gains $5.5 million from his shares in Capitec Bank
This uptrend adds to his previous gains, with his stake increasing by $8.6 million between Jan. 4 and Mar. 9.
South African billionaire Michiel Le Roux’s Capitec Bank stake gains $60 million in 24 hours
This surge not only cements Le Roux’s status among South Africa’s billionaires but also strengthens his reputation as a key investor on the JSE.
South African tycoon Jannie Mouton gains $42.2 million from Capitec Bank stake
This surge in Mouton’s stake solidifies his spot among the most affluent investors on the JSE.
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires $2.8-million stake in Toronto-listed firm
Motsepe, boasting a net worth of $2.5 billion, derives a significant portion of his wealth from his substantial stake in ARM, cementing his position as one of Africa’s leading industrialists.
South African tycoon Stephen Brookes faces $2-million loss from Balwin stake
Despite the recent slump, Brookes remains a prominent figure in the South African real estate landscape.
South African-born billionaire Patrick Soon-Shiong loses $400 million in 9 days
This downturn marks a sharp reversal from the beginning of the year when Soon-Shiong enjoyed a significant wealth surge.
South African tycoon Jonathan Jawno’s Transaction Capital stake surges $3.7 million
This substantial gain solidifies Jawno’s position as one of the wealthiest investors on the JSE.
South African tech mogul Zak Calisto loses $34.5 million from Karooooo shares
Amid the recent market volatility, the market value of Calisto’s stake has dropped significantly by $34.52 million, falling from $609.57 million on March 21 to $575.05 million.
South African businessman Barry Swartzberg loses $8.7 million in Discovery stake
Despite these substantial losses, Swartzberg continues to hold his ground as one of South Africa’s prominent businessmen.
South African billionaire Stephen Saad leads Aspen to record $1.1-billion revenue
Aspen anticipates a robust second half of 2024, supported by the launch of sterile manufacturing contracts and continued growth in its active pharmaceutical ingredients (API) business.
South African billionaire Koos Bekker gains $36.7 million from Naspers stake
This further cements Bekker’s position as a leading South African business figure and a top investor on the Johannesburg Stock Exchange (JSE).
South African mogul Neal Froneman’s investment in Sibanye eyes $10-million valuation
According to data tracked by Billionaires.Africa, the recent surge in Sibanye shares on the JSE has resulted in a notable increase in Froneman’s stake.