Natie Kirsh, Eswatini’s richest man, loses $110 million in less than a week
Earlier this month, Kirsh’s fortune saw a substantial increase of $270 million, rising from $8.41 billion on June 1 to $8.68 billion by June 7.
Skip to content
Earlier this month, Kirsh’s fortune saw a substantial increase of $270 million, rising from $8.41 billion on June 1 to $8.68 billion by June 7.
Ranked 317th on the Bloomberg Billionaires Index, Kirsh derives a substantial portion of his wealth from private investments.
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 $260-million decline in his fortune is attributed to the performance of his 75-percent stake in Jetro Holdings, a New York-based consumer goods holding company.
The bulk of Kirsh’s fortune stems from his 75-percent stake in Jetro Holdings, now valued at $5.68 billion.
The recent increase in his wealth solidifies his position among the world’s wealthiest individuals.
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.
In addition to his investment in Jetro Holdings, the Swazi billionaire owns a 54-percent stake in publicly traded real estate investment trust, Abacus Property Group.
Natie Kirsh’s fortune experienced a surge of $170 million in just 19 days, rising from $6.99 billion on October 21 to $7.16 billion on November 9.
Kirsh Group, the holding company for Kirsh’s investments, also saw its value dip by $100 million, falling from $305 million to $205 million.
Kirsh’s net worth has surged by $330 million in a span of 39 days, climbing from $6.93 billion on Aug. 6 to a staggering $7.26 billion on Sept. 14.
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.
The decline in Kirsh’s fortune can be attributed to the performance of his private investments in Kirsh Group.
This substantial surge in Kirsh’s fortune marks a significant turnaround following a slump of $170 million earlier this year.