Eswatini billionaire Natie Kirshs net worth dropped from 10.4 billion to 10.1 billion, according to the Bloomberg Billionaires Index.
The 300 million loss comes after a two-month rally driven by rising valuations of Kirshs stake in U.S. food wholesaler Jetro Holdings.
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Just two weeks after his net worth jumped to 10.4 billionpushing his 2025 gains past the 1 billion markEswatinis richest man, Natie Kirsh, has seen a 300 million dip in his fortune.
According to the Bloomberg Billionaires Index , which tracks the worlds 500 richest individuals, Kirshs net worth dropped from 10.4 billion on June 3 to 10.1 billion as of this report. That pullback has reduced his year-to-date gains from nearly 1.1 billion to about 774 million.
Kirsh wealth declines after two-month surgeThe decline comes after a strong two-month run between April and early June, during which Kirshs net worth rose from 9.24 billion to 10.4 billion. The 300 million decrease is linked to changes in the valuation of his business holdings, including the Kirsh Groupa private company with a controlling stake in Jetro Holdings, a major player in the U.S. food supply chain.
Kirsh owes most of his fortune to Jetro Holdings, a New York-based wholesale grocery group that operates Jetro Cash Carry and Restaurant Depot. His 75-percent stake in the company is currently valued at around 7.24 billion.
That valuation is based on enterprise value-to-sales comparisons with similar publicly traded companiesCostco, Kroger, Metro, and Loblaw Companies. So far this year, Loblaw shares are down more than 6 percent, but the other three have been gaining as analysts revise their earnings projections in response to market shifts.