DELVE INTO AFRICAN WEALTH
DON'T MISS A BEAT
Subscribe now
Skip to content

Swazi billionaire Natie Kirsh rakes in $440 million in five weeks

The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.

Natie Kirsh
Natie Kirsh

Table of Contents

Swazi billionaire Natie Kirsh, renowned for his vast wealth and business ventures in the food supply industry, has seen a significant surge in his net worth over the past five weeks, cementing his position as Eswatini’s richest person and one of Africa’s wealthiest individuals.

According to the Bloomberg Billionaires Index — which tracks the fortunes of the world’s 500 wealthiest billionaires — Kirsh’s net worth has soared by $440 million over the past five weeks, reinforcing his position as one of Africa’s wealthiest individuals. With this recent surge, Kirsh’s net worth is now pegged at $8.18 billion, up from $7.74 billion on Feb. 6.

The primary driver behind this surge — which translates to an average daily gain of $12.57 million since Feb. 6 — is attributed to the impressive performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company overseeing two prominent wholesale grocery enterprises in the United States — Jetro Cash & Carry and Restaurant Depot.

Kirsh’s rise to the 311th spot among the world’s wealthiest billionaires

Currently holding the 311th spot on the Bloomberg Billionaires Index, Kirsh derives a substantial portion of his wealth from private investments. His closely held conglomerate Kirsh Group, which holds a majority position in Jetro Holdings, is presently worth $205 million.

Going by Bloomberg’s figures, the bulk of Kirsh’s wealth stems from his 75-percent stake in Jetro Holdings, presently valued at an impressive $5.53 billion, constituting over 66 percent of his total $8.18-billion fortune.

Kirsh’s Abacus Property Group stake soars by $51 million in five weeks

In addition to his interests in Jetro Holdings, Kirsh holds a 54-percent stake in Abacus Property Group, a Sydney-based publicly traded real estate investment trust. Over the past five weeks, the value of this asset has risen by $51 million, going from $320 million on Feb. 6 to $371 million.

Kirsh’s property portfolio includes significant assets like Tower 42, London’s leading office skyscraper, valued at $364 million in 2024, and Jandakot Airport in Perth, Australia. The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.

Latest