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Key Points
- The former Naspers CEO’s shares gained $19.39 million in 37 days as the company’s stock rebounded on the Johannesburg Stock Exchange.
- Naspers stock surged 19.4% in 37 days, boosting its market value past $46 billion and delivering strong gains for investors.
- With a 10.97% year-to-date return, Naspers has delivered significant profits to investors, with a $100,000 investment at the start of the year now worth $110,970.
Bob van Dijk, the former CEO of Naspers and its European arm, Prosus, has seen his stake in Africa’s biggest company increase by around $19 million in just over a month. The surge comes as Naspers’ share price rebounds sharply on the Johannesburg Stock Exchange (JSE).
Bob van Dijk’s Naspers stake climbs $19.39 million
Van Dijk, who led Naspers from 2014 until he stepped down in September 2023, holds a 0.24-percent stake in the tech and media giant—equivalent to 467,135 shares. Over the past 37 days, the market value of his shares has increased by R353.53 million ($19.39 million) amid renewed investor confidence.
The latest surge comes after a setback in January when his stake dropped by $4.9 million, falling from R1.95 billion ($104.6 million) to R1.86 billion ($99.7 million) by the end of the month. The recent gains have erased those earlier losses.
Naspers’ shares climb 19.4 percent, market cap tops $46 billion
Naspers Limited, a South African multinational with a global presence in internet, media, and technology, has built a diverse portfolio that includes online retail, publishing, and venture capital. The company operates across five continents, serving more than two billion customers.
In the past 37 days, Naspers’ stock has jumped 19.4 percent, rising from R3,901.71 ($213.96) per share on Feb. 3 to R4,658.52 ($255.46). This surge has lifted the company’s market capitalization past $46 billion, rewarding investors with significant gains, and cementing its position as Africa’s biggest firm
Bob van Dijk, a key shareholder, has seen his stake grow by R353.53 million ($19.39 million) during this rally. His holdings increased from R1.82 billion ($99.95 million) on Feb. 3 to R2.18 billion ($119.34 million), strengthening his position among the wealthiest investors on the Johannesburg Stock Exchange.
Your money and your life
Naspers shares stumbled earlier this year but have since rebounded, delivering solid returns for investors. So far in 2024, the stock is up 10.97 percent. That means a $100,000 investment at the start of the year would now be worth $110,970, translating to a $10,970 gain.
