Koos Bekker, a South African billionaire, has increased his wealth as the market value of his Naspers stock has grown above $320 million. This cements his place among South Africa’s wealthiest persons.
Bekker’s stake in Naspers has increased by R699.48 million ($36.75 million) to R6.1 billion ($320.63 million) in the last eight days, owing to a recent rally in the conglomerate’s shares on the Johannesburg Stock Exchange (JSE), as tracked by Billionaire.Africa.
This new boost builds on Bekker’s earlier gains.Between March 5 and March 31, his investment in Naspers increased by $36.7 million, from R4.97 billion ($263.55 million) to R5.66 billion ($300.31 million).
Naspers, a South African Internet and media company, has seen its share price rise 12.94 percent in the last eight days. This increase has pushed the company’s market valuation past $34 billion, rewarding stockholders such as Koos Bekker.
Naspers’ wide portfolio includes online shopping, publishing, and venture capital, with operations on five continents reaching over 2 billion clients. Its JSE shares rose from R3,201.46 ($168.12) on April 17 to R3,615.87 ($189.97) on April 25.
Koos Bekker, a South African business magnate, is credited for changing Naspers from a traditional newspaper publisher to a market leader in e-commerce and cable TV. While his current holding in Naspers is only 0.85 percent, or 1,687,887 ordinary shares, Bekker’s impact on the company’s future remains significant.
Koos Bekker’s holding in Naspers has increased by R699.48 million ($36.75 million) in the last eight days, from R5.40 billion ($283.88 million) on April 17 to R6.10 billion ($320.63 million). This is due to a recent jump in Naspers’ share price.
This achievement strengthens Bekker’s standing as a notable South African corporate leader and top JSE investor. His diverse financial portfolio has increased his net worth to an estimated $2.7 billion, placing him among Africa’s wealthiest individuals.
