South African Tycoon Adrian Gore's Discovery Stake Slips Under 600 Million

Adrian Gores Discovery stake value fell below 600 million after a 3.5 share drop on the Johannesburg Stock Exchange.

Discoverys market cap dipped under 8.2 billion amid South Africas economic pressures and a challenging insurance sector.

Despite recent losses, Discovery shares are up 9.6 in 2025, fueled by strong demand for health and financial services.

South African billionaire Adrian Gore, co-founder and CEO of Discovery Limited, has seen the value of his stake in the Johannesburg-based financial services group slip below 600 million after the companys shares pulled back on the Johannesburg Stock Exchange JSE.

Gore owns a 7.19-percent stake in Discovery, or about 48.6 million shares. In the past month, the market value of that holding has fallen by R375.94 million 21.22 million, leaving it at around 585.87 million.

The drop comes just weeks after a short-lived upswing in early June, when his stake briefly gained 34.74 million and pushed past the 600 million marka reminder of how quickly fortunes can change in South Africas stock market.

Founded in 1992 by Gore and Barry Swartzberg, Discovery began as a medical insurance provider before expanding into long-term and short-term insurance, asset management, and investment services. Over the past three decades, Gore has played a key role in shaping the industry, turning Discovery into a powerhouse in health and financial services.

In recent weeks, Discoverys stock has slipped 3.5 percent, falling from R221.17 12.48 on July 8 to R213.44 12.05. That drop has pulled its market value below 8.2 billion, trimming recent investor gains and adding to shareholder worries at a time when South Africas economy remains under pressure and the insurance sector faces a tougher operating environment.