Eswatini billionaire Natie Kirsh builds giant New York family office after $29 billion deal
Natie Kirsh's family is hiring investment chiefs to run what could be one of the biggest family offices after the $29 billion Restaurant Depot sale.
Skip to content
Natie Kirsh's family is hiring investment chiefs to run what could be one of the biggest family offices after the $29 billion Restaurant Depot sale.
Eswatini billionaire Nathan Kirsh has crossed $20 billion, becoming the third African past the mark, after selling his Restaurant Depot business to Sysco.
Zimbabwean businessman Wicknell Chivayo has pledged a R3 billion 300MW solar project to Eswatini after King Mswati III granted him citizenship and a diplomatic passport.
King Mswati III raised €12.8 million in a single day at the OACPS Summit in Malabo, rescuing the 79-nation organisation from a financial crisis that threatened its existence.
King Mswati III's Tibiyo TakaNgwane investment fund is struggling to pay workers at the Eswatini Observer, the newspaper it has fully owned since 1981.
As Africa's last absolute monarch marks 40 years on the throne, critics say Tibiyo Taka Ngwane, Eswatini's sovereign wealth fund, functions as King Mswati's personal family office.
King Mswati III's government has completed 105 community projects worth $8.9 million, creating 402 jobs and reaching 12,481 emaSwati across the country.
The primary driver behind this growth is the exceptional performance of Jetro Holdings, a New York-based consumer goods holding company in which Kirsh holds a 75-percent stake.
The primary driver behind this surge is attributed to the impressive performance of his 75-percent stake in Jetro Holdings.
The recent $100-million boost in Kirsh’s wealth is linked to the outstanding performance of his private investments.
Kirsh’s net worth has decreased by $55.4 million since the start of 2024 — falling from $7.61 billion on Jan. 1 to $7.56 billion at the time of writing.
The primary driver behind this surge is attributed to the performance of his 75-percent stake in Jetro Holdings.
The omission of King Mswati III of The Kingdom of Eswatini from the guest list for the upcoming BRICS Summit has triggered discussions
The majority of Kirsh’s investments are held within his conglomerate, Kirsh Group.
Kirsh’s wealth is derived from a diverse investment portfolio spanning the retail and real estate sectors.