Table of Contents
Key Points
- Christopher Seabrooke's stake in Sabvest Capital surged to $77 million by year-end 2024, marking significant wealth gains.
- Seabrooke owns 40.8% of Sabvest, with his stake increasing by $10.57 million, reflecting strong company performance.
- Sabvest Capital’s shares rose 19.5% in 2024, boosting market capitalization to over $180 million despite a slight currency depreciation.
South African businessman Christopher Seabrooke, chairman of Sabvest Capital, saw substantial wealth gains in 2024, thanks to a significant increase in the market value of his stake in the Sandton-based investment holding company. By year-end, his holding had surged to $77 million.
Seabrooke, a key architect of Sabvest’s growth, owns 40.8 percent of the company, equating to 16 million shares. In 2024, the market value of his stake grew by R240 million ($10.57 million), reflecting the company’s strong performance on the Johannesburg Stock Exchange (JSE) and a rise in investor confidence.
Sabvest Capital's shares up 19.5% in 2024
Sabvest Capital, known for its diverse investment strategy in finance, listed equities, and private businesses, saw its share price rise from R77 on Jan. 1, 2024, to R92 by Dec. 31, 2024, reflecting a 19.48 percent gain in local currency terms.
While the South African Rand depreciated by 2.41 percent against the US dollar, slightly tempering shareholder returns in dollar terms, Sabvest’s share price still rose from $4.21 to $4.79. This increase helped push its market capitalization to over $180 million as 2024 came to a close.
Seabrooke’s Sabvest stake hits $77.92 million
In local currency terms, Seabrooke’s stake in Sabvest increased from R1.23 billion to R1.47 billion in 2024, delivering a gain of R240 million. This translated to a $10.57 million rise in dollar terms, with his stake rising from $67.34 million to $77.92 million, solidifying his position as one of the JSE’s wealthiest investors.
This aligns with Sabvest’s strong 13.89 percent growth in dollar terms for the year. A $100,000 investment in Sabvest at the beginning of 2024 would have appreciated to $115,701 by year-end, reflecting a return of $15,701 and further underscoring the company’s robust financial performance.
