South African tycoon Barry Swartzberg's Discovery stake falls by $15 million
Barry Swartzberg’s Discovery stake falls $15 million as weak sentiment hits JSE financial stocks, thus cutting the insurer’s market capitalization.
Skip to content
Barry Swartzberg’s Discovery stake falls $15 million as weak sentiment hits JSE financial stocks, thus cutting the insurer’s market capitalization.
Barry Swartzberg’s stake in Discovery Limited rises by $18.5 million as shares gain 5.57% on the JSE, signaling renewed investor confidence in 2025.
South African businessman Barry Swartzberg’s stake in Discovery rebounds above $330 million as the insurer’s shares surge by 5.27 percent.
Discovery Bank, the digital lender backed by Adrian Gore’s Discovery Limited, is moving into SME banking to drive growth and reach R3 billion profit by 2029.
South African tycoon Barry Swartzberg, co-founder of Discovery Limited, has seen his stake drop by $40 million as the insurer’s shares dip on the JSE.
Discovery co-founder Adrian Gore set to receive $5.3 million in dividends as insurer posts strong 2025 results.
Discovery, led by Adrian Gore, posts $545 million profit in FY 2025, driven by growth in health, life, and Vitality businesses.
Discovery shares dip 4.33% on JSE, wiping $13.7 million from Barry Swartzberg’s stake and pushing market value below $8 billion.
Barry Swartzberg's Discovery stake gains $12.4 million in 15 days as shares rally 4% on the JSE.
In just 16 days, his stake declined from $318.68 million to $308.54 million, tracking a 3.18-percent drop in Discovery’s stock.
Over the past 16 days, the market value of his stake has increased by $34.74 million, propelling the market value of his stake above the $600-million mark.
Discovery Limited's stock gains lift Barry Swartzberg’s fortune, reinforcing confidence in South Africa’s financial services sector.
This marks the first time wheeled electricity, energy generated from remote wind and solar farms and delivered via the grid, has been made accessible to businesses of all sizes.
The surge follows a strong rally in Discovery’s share price on the Johannesburg Stock Exchange (JSE).
Swartzberg, a top figure in South Africa’s financial services industry, owns a 3.92-percent stake in Discovery, about 25.95 million shares.
In the past two weeks, Adrian Gore's stake has dropped by R753.34 million ($39.83 million) as Discovery's shares slide on the JSE.