South African billionaire Koos Bekker cashes out $500 million to build luxury hotels
Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
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Koos Bekker's family trust has sold Naspers and Prosus shares worth about $500 million in three rounds since 2023, earmarking the money for his hotels.
Koos Bekker's fortune has dropped $800 million to $3.2 billion since January, as shares of Naspers and Prosus fell more than 35%.
Koos Bekker will retire as chair of Naspers and Prosus in the year to March 2028, ending three decades at the company he built around Tencent.
Koos Bekker's Prosus sold a 5 percent Delivery Hero stake to Hong Kong's Aspex for €335 million in its second EU-mandated divestment.
Steve Pacak, the former M-Net finance boss who served Naspers and Prosus for nearly four decades, has died at 71 after a battle with cancer.
Naspers unit Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about $290 million, cutting its holding to comply with European Union regulatory conditions.
Koos Bekker's Naspers has declared its transformation into a global AI operator complete, with the Toqan platform rolling out to 5 million Prosus partners.
South African billionaire Koos Bekker’s net worth fell by $200 million after a pullback in Naspers and Prosus shares.
Flexion recently raised $50 million in a Series A round, led by Prosus Ventures with participation from global investors.
iFood acquires Advolve to accelerate its ads growth and strengthen Prosus’s retail-media expansion.
Koos Bekker’s Prosus partners with Accel to back India’s early-stage startups in AI, energy, and advanced manufacturing.
Prosus, chaired by Koos Bekker, secures 90% of Just Eat Takeaway in a $4.73 billion deal, marking its biggest European acquisition in years.
The all-cash deal, valued at $1.3 billion, gives Prosus’s classifieds arm OLX its first major foothold in France, Europe’s second-largest car market.
Prosus, chaired by Koos Bekker, invests $221.76 million in India’s Rapido, deepening its push into mobility after Swiggy’s exit.
Prosus, chaired by Koos Bekker, raised its stake in India’s Urban Company to 7.35% with a $139 million investment ahead of its IPO.
The round also drew backing from VentureSouq, DASH Ventures, Taz Investments, and Sanabil 500.