South African tycoon Christopher Seabrooke gains $8.5 million from Sabvest stake
South African tycoon Christopher Seabrooke’s stake surges by $8 million as Sabvest Capital shares rally on the JSE, lifting his stake above $100 million.
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South African tycoon Christopher Seabrooke’s stake surges by $8 million as Sabvest Capital shares rally on the JSE, lifting his stake above $100 million.
Christopher Seabrooke’s Sabvest stake rebounds to $99 million as shares rally nearly 19% in weeks.
Seabrooke, the largest individual shareholder in Sabvest, owns around 16 million shares in the Sandton-based investment holding company.
This comes after a tough period earlier in the year when Seabrooke saw his wealth dip by $6.35 million due to a decline in the company’s stock price.
The decline comes as investors on the Johannesburg Stock Exchange (JSE) take profits and adjust their portfolios.
Christopher Seabrooke’s stake in Sabvest Capital grew by $10.57 million in 2024, reaching a market value of $77 million by year-end.
Christopher Seabrooke’s stake in Sabvest Capital dips below $70 million as shares slide.
Seabrooke’s decision to retire follows a series of transitions. In December 2022, he stepped down as the group’s independent non-executive chairman
Despite the recent decline in his stake, Seabrooke remains a prominent South African business leader and a top investor on the JSE.
Seabrooke, a leading business executive who has played a vital role in Sabvest Capital’s growth, holds a significant 40.61-percent stake in the company.
Seabrooke, who has played a vital role in Sabvest Capital’s growth, holds a 40.61-percent stake in the investment holding company.
Seabrooke, who has been Sabvest CEO since 1987, has played a pivotal role in the company’s growth, marked by numerous milestones.
Despite the recent decline in Seabrooke’s stake in Sabvest Capital, he remains among the richest investors on the Johannesburg Stock Exchange.
Seabrooke holds a 40.61-percent stake in Sabvest Capital, a Sandton-based investment holding.
Seabrooke holds a significant 40.61-percent stake in the South African investment holding company.