Clive Calder, a South African-British billionaire, has seen his net worth plummet, losing $320 million in the last 16 days. This fall follows soon after a recent increase in his fortune.
According to the Bloomberg Billionaires Index, which tracks the fortunes of the world’s top 500 billionaires, Calder’s worth has dropped by $320 million since April 2. This corresponds to an average daily loss of $20 million throughout the chosen time period.
Calder’s net worth is now $7.08 billion, down from $7.40 billion on April 2. This reverse comes after a brief upsurge in February, when his fortune rose by $100 million to $7.08 billion from $6.98 billion between February 15 and February 18.
Calder, ranked 366th on the Bloomberg Billionaires Index, made his mark in the music industry, most notably by founding Zomba, a global music powerhouse that was ultimately acquired by German media conglomerate Bertelsmann for $2.74 billion in 2002.
In addition to his contributions to the music industry, Calder and his son, Keith Calder, ventured into gaming by investing $46 million in Cloud Imperium Games (CIG), the studio behind the ambitious project Star Citizen. This strategic investment secured nearly 10% of CIG’s shares, representing a significant financial commitment.
Clive Calder has made significant philanthropic contributions through the ELMA Foundations, one of Africa’s largest private nonprofit organizations.
The charity prioritizes children’s healthcare, education, humanitarian relief, social enterprise, and youth development through music. Calder donated $107 million in May 2020 to combat COVID-19 in Africa, with a large contribution going to South Africa.
Despite his recent financial loss, Calder remains a key player in Southern Africa’s corporate environment, alongside figures such as Nicky Oppenheimer and Natie Kirsh. He continues to influence industry and support philanthropic projects.
