South African billionaire Michiel Le Roux s fortune has risen to 2.6 billion, strengthening his position among Africas wealthiest individuals, as Capitec Bankwhere he is a co-founder and major shareholderovertook FirstRand to become the continents most valuable lender.
Le Rouxs stake lifts fortune to 2.6 billion
The latest shift reflects strong investor confidence that has pushed Capitecs share price and market value to record levels on the Johannesburg Stock Exchange. According to data tracked by Billionaires.Africa , Capitec shares have climbed more than 14 percent this year, moving from R3,134.3 177.3 at the start of January to R3,578.6 202.4 at the time of reporting.