Swazi billionaire Natie Kirsh sees $710 million drop in wealth
Swazi billionaire Natie Kirsh’s fortune has fallen by $710 million to $9.69 billion as weaker asset valuations hit his global retail and real estate holdings.
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Swazi billionaire Natie Kirsh’s fortune has fallen by $710 million to $9.69 billion as weaker asset valuations hit his global retail and real estate holdings.
At 93, his fortune has grown by $504 million since January, pushing his net worth from $9.3 billion to $9.83 billion, according to the Bloomberg Billionaires Index.
Kirsh's empire spans four continents, with key assets including Tower 42 in London and significant real estate holdings in Australia.
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 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.
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.