- Eswatinis richest man, Natie Kirsh, lost 100 million in a week, lowering his net worth to 9.82 billion, according to Bloomberg Billionaires Index.
- Kirsh holds stakes in Abacus Property, Storage King, and Londons Tower 42, maintaining a strong financial position despite market fluctuations.
- His 75 stake in Jetro Holdings surged from 6.7 billion to 7.14 billion in 2024, fueled by U.S. wholesale grocery market trends.
Eswatinis richest man, Natie Kirsh, has seen his fortune decline by 100 million over the past week, bringing his net worth down to 9.82 billion, according to the Bloomberg Billionaires Index . The drop comes after his wealth peaked at 9.92 billion on Feb. 18.
The pullback is attributed to fluctuations in his business interests, particularly in the food supply industry. Still, Kirsh remains one of Africas richest individuals and is having a strong year overall, with his fortune up by 488 million since the start of 2025.
Jetro Holdings fuels Kirshs wealthNatie Kirsh, who built his empire from a family sorghum-malt business in 1952, derives most of his fortune from his 75-percent stake in Jetro Holdings.
The New York-based consumer goods company owns Jetro Cash Carry and Restaurant Depot, two major U.S. wholesale grocery businesses. Since the beginning of the year, the value of his stake in Jetro Holdings has increased from 6.7 billion to 7.14 billion.
Jetros valuation is influenced by the enterprise value-to-sales multiples of major publicly traded retailers like Costco Wholesale, Kroger, Metro, and Loblaw Companies. While Loblaws stock has dropped more than 6 percent this year, Costco, Kroger, and Metro have posted gains, reflecting shifting market trends.