Discovery Co-founder Adrian Gore Gains 34 Million From Stock Rally

Adrian Gores stake in Discovery has surged by 34.7 million in 16 days, lifting his total holdings above the 600 million mark as shares rally.

The stock rose 6.13 since May 20, buoyed by a 26.8 jump in H1 2025 headline earnings to R7.02 billion 378 million, signaling strong operational momentum.

Discovery has delivered a 12.98 return to investors this year, reinforcing its standing as one of South Africas top-performing financial stocks.

Adrian Gore, the South African insurance magnate and co-founder of Discovery Limited, has seen a substantial rise in his fortune following a sharp rally in the companys share price on the Johannesburg Stock Exchange JSE .

Gore, one of South Africas wealthiest individuals, holds a 7.19 percent stake in Discovery, equivalent to approximately 48.6 million shares. Over the past 16 days, the market value of his stake has increased by R618.14 billion 34.74 million, pushing the total value of his holdings past the 600 million mark.

This gain, which reflects growing investor confidence in Discoverys performance and long-term prospects as a leading health and life insurer in South Africa and beyond, builds on a previous surge between April 11 and May 13 , when the value of Gores stake rose by 61.5 million, from 489 million to 550 million.

Discovery was founded in 1992 by Adrian Gore and Barry Swartzberg as a medical insurance company. Since then, it has expanded into long-term and short-term insurance, asset management, and investment services. Throughout this journey, Gore has remained at the heart of the business, playing a key role in turning Discovery into one of South Africas top names in both healthcare and financial services.

The groups interim H1 2025 results revealed a 26.8 percent jump in headline earnings to R7.02 billion 378 million, reflecting strong operational momentum. Discovery Life, a core unit, paid out R11.5 billion 593 million in benefits , with wellness incentives now surpassing traditional death claims.