
South African tycoon Adrian Gore makes $41 million from Discovery stake in just 8 days
The rebound follows a $22.6 million decline in his stake between January 7 and 19.
The rebound follows a $22.6 million decline in his stake between January 7 and 19.
The recent decline, however, reflects a shift in investor sentiment, despite Discovery's robust financial results.
This marks a reversal after his stake surged by $147.4 million in 2024, reaching $525.12 million in 2024.
Discovery CEO and Co-founder Adrian Gore’s 2024 compensation package comprises a secure base pay of $448,843 and a performance-based short-term incentive of $565,687.
Royal Bank of Canada acquires a 5.0146% stake in Discovery, signaling confidence in South Africa’s financial services and insurance sector.
The value of his stake has climbed by R1.41 billion ($83.5 million) since the start of the year, reflecting the stock's robust rally.
The value of his holdings has climbed by R2.57 billion ($147.37 million) since the start of the year, reflecting the stock's robust rally.
Swartzberg, a co-founder of Discovery, owns a 3.92 percent stake in the Sandton-based financial services group, amounting to 25,954,540 shares.
Adrian Gore, one of South Africa’s most affluent executives, owns a 7.19-percent stake in Discovery.
Barry Swartzberg, one of South Africa’s most successful businessmen, holds a 3.92 percent stake in Discovery, amounting to 25,954,540 shares.
Discovery Holdings announces its top five executives earned a combined R205 million in FY 2024, highlighting significant performance bonuses and strategic growth in the competitive financial services sector.
South African insurance tycoon Adrian Gore nears billionaire status amid Discovery’s strong performance.
The two newly issued bonds, detailed in filings with the JSE on May 14, have nominal values of R576 million ($31.33 million) and R924 million ($50.26 million).
Despite the recent decline, Gore remains a top figure on the JSE.