Barry Swartzbergs stake in Discovery surged by 18.59 million in 23 days, driven by a 6.24 rally in the firms share price.
Discovery shares are up 11.97 year-to-date, outperforming peers and attracting strong local and foreign institutional demand.
With a 3.92 stake, Swartzberg remains a key figure as Discovery expands its global footprint and integrated services model.
South African businessman Barry Swartzberg, co-founder of financial services giant Discovery Limited, has seen a strong rebound in the market value of his stake, gaining 18.59 million over the past 23 days as Discoverys shares surged on the Johannesburg Stock Exchange JSE.
Swartzberg, a founding figure alongside Adrian Gore, holds a 3.92 percent stake in Discovery, translating to 25,954,540 shares in the Sandton-headquartered firm. Over the past three weeks, the value of his stake surged from R5.32 billion 297.93 million to R5.66 billion 316.52 million marking a significant R332.48 million 18.59 million increase.
This latest gain follows a 37.81 million increase between April 9 and May 7, when his holdings rose from R4.68 billion 256.32 million to R5.37 billion 294.13 million.
Discovery stock outperforms in 2025Founded by Swartzberg alongside Adrian Gore, Discovery has grown into one of South Africas largest and most diversified financial services providers. It operates in various sectors, including long- and short-term insurance, asset management, savings, investment, and employee benefits.
Discoverys share price has gained 6.24 in the past 23 days, jumping from R205.27 11.48 to R218.08 12.2, buoyed by strong local and offshore institutional demand. The ongoing rally has pushed the groups market capitalization beyond 1.6 billion, placing it among the best-performing financial stocks on the JSE in 2025.