Koos Bekker has lost approximately 500 million this year as shares in Naspers and its Amsterdam-listed subsidiary Prosus slid more than 24, dragging the South African media billionaire's net worth from a January high of 4 billion to 3.5 billion, according to Forbes data.
The decline has reshuffled South Africa's rich list. Patrice Motsepe, whose mining and investment portfolio has held up better through the year's market volatility, has regained ground on Bekker as the gap between the 2 men narrowed on the back of the tech-driven slide.
Bekker held approximately 0.93 of Naspers, representing about 1.69 million shares, and 0.76 of Prosus, equivalent to about 19.65 million shares, at the time of the most recent disclosures. As both stocks fell, the dollar value of those stakes declined in tandem. Naspers's JSE market capitalisation has dropped to approximately 42 billion, while Prosus in Amsterdam stands at approximately 110 billion, both down sharply from the levels at which Bekker's wealth briefly touched 4 billion in January.
