Stephen Brookes gains $1.8 million this year from Balwin stake
Since January 1, his stake has gained R32.63 million ($1.83 million), pushing his total stake above $22 million.
Since January 1, his stake has gained R32.63 million ($1.83 million), pushing his total stake above $22 million.
This follows earlier gains of $2.53 million between Oct. 3 and Nov. 1, when his holdings rose from $20.21 million to $22.73 million.
Stephen Brookes sees his Balwin Properties stake rise above $20 million amid a rally in the company's shares on the JSE.
Real estate mogul Stephen Brookes, the founder and the largest shareholder of Balwin Properties, owns 36.08 percent of the Johannesburg-based property developer.
This loss compounds the $2 million loss recorded between March 20 and April 3, when his stake dipped from $17.34 million to $15.33 million.
Stephen Brookes, a South African real estate magnate, remains the company’s largest shareholder, holding a 36.08 percent stake.
Brookes, a South African real estate mogul and founder of Balwin Properties in 1996, remains the company’s largest shareholder, holding a 36.08-percent stake.
Despite the recent slump, Brookes remains a prominent figure in the South African real estate landscape.
Since Jan. 31, the market value of Brookes’ stake in Balwin Properties has declined by $4.55 million, decreasing from $21.84 million to $17.29 million.
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, is the company’s largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
From affordable housing to energy solutions, delve into Brookes’ multi-millionaire league status and his commitment to community empowerment and philanthropy.
This significant downturn in Brookes’ stake underscores the challenges faced by Balwin Properties and its largest shareholder amidst the market turbulence.
Brookes is Balwin Properties’ largest shareholder, holding 170,374,031 shares, or a 36.08-percent stake.
Brookes owns a 36.08-percent stake in Balwin Properties.
Brookes, a South African real estate mogul who founded Balwin Properties in 1996, owns a 36.08-percent stake in the company.