
London office skyscraper owned by Eswatini’s richest man loses $76 million in value
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
While the property has seen a decline in market value, Natie Kirsh’s wealth has grown remarkably.
The $260-million decline in his fortune is attributed to the performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company.
The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.
The primary driver behind this surge is attributed to the performance of his 75-percent stake in Jetro Holdings.
In addition to his investment in Jetro Holdings, the Swazi billionaire owns a 54-percent stake in publicly traded real estate investment trust, Abacus Property Group.
Natie Kirsh’s fortune experienced a surge of $170 million in just 19 days, rising from $6.99 billion on October 21 to $7.16 billion on November 9.
The decline in Kirsh’s fortune can be attributed to the performance of his private investments in Kirsh Group.
Kirsh’s stake in Jetro Holdings is worth $4.76 billion, accounting for the majority of his $7.28-billion fortune.
Tower 42 is the fifth-tallest tower in London.
Kirsh’s net worth has dropped from $7.61 billion to $7.32 billion.
Kirsh derives the majority of his fortune from Kirsh Group and Jetro Holdings.
The majority of Natie Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings.
Kirsh is one of Africa’s wealthiest businessmen.
The bump in his net worth is due to an increase in the valuation of his stake in Jetro Holdings.
However, Kirsh still remains one of Africa’s wealthiest billionaires.