South African multimillionaire Barry Swartzberg loses $87 million in 16 weeks
Swartzberg owns a 3.93-percent stake of the Sandton-based company.
Barry Swartzberg
South African businessman Barry Swartzberg pledges $52 million in shares as security for $12.2-million obligation
Swartzberg is prohibited from selling the pledged shares.
Discovery losses $708.87 million after founders Adrian Gore and Barry Swartzberg sell off shares
Earlier, the founders sold off close to $4.86 million of their shares in the diversified multinational financial service group.
South African mogul Adrian Gore sells off massive number of shares in Discovery Limited
His partner Barry Swartzberg joined him in selling off a huge chunk of shares.