The South African billionaire gained 105 million in under two weeks as Capitec shares rallied on the Johannesburg Stock Exchange.
Strong digital banking growth and customer expansion drove Capitecs profit jump in fiscal 2025, boosting investor confidence.
Despite economic uncertainty, the stock remains a top JSE performer, adding over 400 million to Le Rouxs wealth in three months.
South African billionaire Michiel le Roux has seen the value of his stake in Capitec Bank rise to 2.6 billion, following a sharp rally in the banks share price on the Johannesburg Stock Exchange . In just under two weeks, his holdings gained 105 million, further cementing his place among Africas richest individuals.
Michiel le Roux's stake hits 2.64 billionLe Roux, who previously served as CEO and chairman of Capitec, owns 13.19 million shares in the bankan 11.36-percent stake in what is now Africas second most valuable banking group. As of July 7, the value of his stake had climbed to R46.92 billion 2.64 billion, up from R45.12 billion 2.53 billion on June 23, thanks to strong investor demand and confidence in the banks performance.
This latest gain adds to an earlier jump of nearly 300 million between April 17 and May 9 , when Capitec shares surged almost 11 percent. During that stretch, the value of Le Rouxs stake rose from R40.79 billion 2.24 billion to R45.31 billion 2.48 billion. Altogether, the recent market upswing has added over 400 million to his portfolio in the past three months.
Capitec profit rises 30 in 2025Capitec Bank s rise hasnt been by chance. Co-founded by Michiel le Roux alongside Jannie Mouton and Riaan Stassen, the bank has steadily grown into one of Africas most trusted financial institutions. With over 850 branches and 7,400 ATMs across South Africa, it has carved out a strong presence in the retail banking space and built a loyal customer base.
The banks latest financial results only deepen that story of steady growth. For the fiscal year ending February 2025, Capitec reported a 30.1 percent increase in profit after tax, reaching 742.5 million. This was driven by solid interest income, a growing focus on digital banking, and the continued expansion of services like Capitec Connect.