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Richemont’s impressive sales results ignited a surge in its share price, jumping 5.9 percent from CHF137.25 ($150.913) on May 16 to CHF145.35 ($159.815) at the time of writing.
This recent slump compounds a previous loss of $76 million recorded between April 8 and 11, when the market value of his stake in Capitec Bank fell below $1.5 billion.
Oppenheimer climbs to 224th spot on the global rich list, remains South Africa’s second-richest man.
The transaction aligns with Richemont’s growth strategy under Rupert’s leadership and deepens the group’s jewelry holdings.
This issuance brings the total amount outstanding under the company’s seven-year bond program to R41.01 billion ($2.22 billion).
Motsepe, who became Africa’s first Black billionaire in 2008 thanks to his mining ventures, is establishing a new base for his fortune, building resilience, and seeking future opportunities.
The surge in Rupert’s wealth, an average gain of $83.3 million per day since May 2, is attributed to the performance of his 9.14-percent stake in Richemont.
As a result of the recent share price decline, Ravazzotti, who founded Italtile in 1969 and owns a 33.88-percent stake (447,746,694 shares).
With his Shoprite stake now reapproaching the $1-billion mark, Wiese remains a billionaire, with his net worth likely exceeding $1.2 billion.
The $240-million decline is primarily attributed to the recent decrease in the market value of his 9.81-percent stake in Glencore.
This increase underscores Saad’s significant influence in South Africa’s business landscape, elevating him among the top investors on the JSE.
The family’s recent financial gains come after experiencing losses between March 22 and April 18, during which the family’s joint stake in Dis-Chem fell by $44.1 million.
RMB, the corporate and investment banking arm of FirstRand advised on a groundbreaking $160-million deal.
The recent uptick in his fortune can be attributed to the performance of his 11.39-percent stake in Capitec Bank.
The $132.1-million loss stemmed from writedowns on subsidiary investments totaling $2.27 billion under Froneman, reflecting lower prices for platinum, palladium, and rhodium.
Despite the recent decline in his stake, Seabrooke remains a prominent South African business leader and a top investor on the JSE.