Table of Contents
Key Points
- Giovanni Ravazzotti’s stake in Italtile Limited dropped by 8.94%, losing R895.49 million ($46.83 million) in market value in early 2025.
- Italtile’s share price fell from R14.14 to R12.94 on the JSE, pushing its market capitalization below $930 million.
- Ravazzotti’s Italtile stake soared $24.82 million in 2024 but has faced early 2025 volatility, highlighting market fluctuations.
South African businessman Giovanni Ravazzotti, founder and chairman of tile and bathroomware giant Italtile Limited, has experienced a dip in the market value of his stake in the first 13 days of 2025 following a recent pullback on the Johannesburg Stock Exchange (JSE).
In the first thirteen days of 2025, the market value of Ravazzotti’s 56.46-percent holdings in Italtile has experienced a decline of R895.49 million ($46.83 million), driven by a pullback in the company’s stock on the Johannesburg Stock Exchange (JSE).
Recent data tracked by Billionaires.Africa shows Ravazzotti’s stake, representing over half of Italtile, now stands at R9.66 billion ($504.99 million), down from R10.55 billion ($551.82 million) at the start of the year.
This decline comes on the heel of a nearly 30 percent gain experienced in 2024 which added $24.82 million to his stake.
Giovanni Ravazzotti’s Italtile shares drop 8.94%
Italtile, founded by Giovanni Ravazzotti in 1969, has grown into a key player in South Africa’s home and construction sector.
Over the years, it has expanded its footprint through brands like Italtile Retail, CTM, TopT, and U-Light, becoming a significant force in the industry under Ravazzotti’s leadership.
In early 2025, Ravazzotti’s stake in Italtile Limited experienced a sharp decline as the company’s share price fell from R14.14 ($0.739) on Dec. 31, 2024, to R12.94 ($0.677) on Jan. 13, 2025.
This 8.94 percent drop pushed Italtile’s market capitalization below $930 million, reducing shareholder value.
Giovanni Ravazzotti’s holdings reflect the downturn
The decline in stock value resulted in a $46.83 million loss for Ravazzotti’s holdings. Despite this setback, Italtile’s strong market presence and its deep-rooted reputation in the home and construction sector suggest it has the capacity to recover.
Ravazzotti’s leadership and the company's broad portfolio offer a solid foundation for its long-term success, even as market fluctuations temporarily impact its valuation.
