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.
Southern Africa
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.
Malawian tycoon Hitesh Anadkat’s stake in FMB Capital falls below $200 million
This adds to a $6-million decrease in the value of his holding between Feb. 1 and March 9.
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.
Magic Johnson joins Taylor Swift and 263 others in the ranks of world’s newest billionaires
His inclusion in the exclusive billionaire club underscores his enduring legacy both on and off the basketball court.
Botswana tycoon Farouk Ismail’s Choppies to pay first dividends since 2017
The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
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.
Barloworld keeps revenue above $800 million under South African executive Dominic Sewela
The group’s revenue for the period under review was R15.6 billion ($827.67 million), reflecting a 5.5-percent decrease from R16.5 billion ($874.29 million) in the previous year.
Namibian tycoon Sven Thieme’s O&L invests in Germany’s largest floating Solar Park
The endeavor aligns with O&L’s commitment to fostering sustainable solutions and contributing positively to societal and ecological welfare.
South African billionaire Christo Wiese’s stake in Shoprite falls below $900 million
After a brief rise in February-March, his stake in Shoprite has declined by more than $60 million, dipping below $900 million.
South Africa’s richest man loses $1.1 billion in just 15 days
The $1.1-billion plunge in Rupert’s fortune — averaging a daily loss of $73.33 million since March 14 — is directly linked to the market value of his 9.14-percent stake in Richemont.
South African-born tycoon Barry Stuhler gains $3.6 million from Lighthouse stake
Stuhler’s stake in Lighthouse Properties has jumped by $3.64 million, rising from $70.11 million on March 5 to $73.75 million.
South African billionaire Ivan Glasenberg’s fortune grows $120 million in a week
In recent times, Glencore shares are up 1.4 percent, rising from £4.28 ($5.39) on March 21 to £4.34 ($5.47) at the time of drafting this report.