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Michiel Le Roux, who owns 11.39 percent of Capitec Bank, or 13,190,043 shares, has seen the value of his stake decrease from $1.6 billion on May 20 to $1.49 billion.
Motsepe’s fortune peaked above $3 billion in May, but a $200 million decline linked to his stake in African Rainbow Minerals (ARM) has pushed his net worth to $2.8 billion.
The recent sale aligns with a broader trend in the South African retail industry, where founding families reduce their control over companies.
The South African billionaire Saltzman family holds a 35.1 percent stake in the company, valued at R9.97 billion ($529.23 million).
This comes on the heels of a $94 million gain recorded between April 17 and May 4 when the market value of his stake surged from $646.08 million to $740.15 million.
While his commanding stake in Richemont forms the cornerstone of his wealth, Johann Rupert has diversified his investment portfolio across a spectrum of industries.
In 2014, South African billionaire Christo Wiese sold Pepkor to Steinhoff International in exchange for a 20 percent stake in Steinhoff.
The Ackerman family, led by Gareth Ackerman, currently holds a combined 25.53 percent stake (124,677,238 shares).
This follows a gain of $32.2 million recorded between April 23 and May 1, when his stake increased from $654.18 million to $686.41 million.
This upswing follows a period of steady gains for Bekker, with his Naspers holdings increasing by $36.75 million between April 17 and 25.
Founded in 2001 by Michiel Le Roux, Jannie Mouton, and Riaan Stassen, Capitec offers transactional banking services along with a suite of loan products
The recent increase follows a significant gain of $18.5 million between March 15 and April 9, when their stake in the retailer surged to $131.50 million.
With over 30 years of experience at Richemont, Nicolas Bos is well-versed in the company’s operations and brand portfolio.
South African billionaire Christo Wiese has seen the value of his stake in Shoprite Holdings, Africa’s largest grocer, surge over the past…
The recent surge in Glasenberg’s fortune translates to an average daily gain of $37.6 million since May 1.
Shoprite Holdings, Africa’s largest supermarket chain with over 3,543 stores, counts billionaire Christo Wiese as a major shareholder. His 11.63-percent stake is valued at nearly $1 billion.