Italtile’s market performance boosts Giovanni Ravazzotti’s stake to $544 million
As the leading shareholder with a 56.46 percent stake, Ravazzotti owns 746,244,490 shares in Italtile.
As the leading shareholder with a 56.46 percent stake, Ravazzotti owns 746,244,490 shares in Italtile.
Ravazzotti’s stake in Italtile nears $330 million thanks to a $21.9-million gain in 14 days.
South African tycoon Giovanni Ravazzotti sees $13.8-million decline in Italtile stake amid share price slide.
The recent rise in Italtile’s share price strengthens Giovanni Ravazzotti’s position as a major investor on the JSE.
As a result of the recent share price decline, Ravazzotti, who founded Italtile in 1969 and owns a 33.88-percent stake (447,746,694 shares).
This follows a previous R227.73 million ($16.8 million) loss between March 28 and April 7, when his stake dipped from R4.57 billion ($244.51 million) to R4.25 billion.
Despite the loss, Ravazzotti retains his position as one of the wealthiest investors on the JSE and one of South Africa’s most prosperous businessmen.
Despite this financial setback, Ravazzotti retains his status as one of the high-value investors on the JSE and one of the country’s most affluent individuals.
Italtile, controlled by Ravazzotti, recorded revenue amounting to $250.01 million in the first half of its 2024 fiscal year, highlighting operational resilience.
Ravazzotti, a top figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
Ravazzotti, a prominent figure in the South African business arena, owns a 33.88-percent stake in Italtile — this amounts to a total of 447,746,694 shares in the company.
Ravazzotti’s journey, marked by resilience and foresight, shaped the success of Italtile, listed on the Johannesburg Stock Exchange since 1992.