Swazi billionaire Natie Kirsh, the 92-year-old businessman behind a global network of retail and real estate holdings, has seen his fortune fall by 710 million in the past five months following a revaluation of his assets across several markets.
According to the Bloomberg Billionaires Index , Kirshs net worth has slipped from 10.4 billion on June 2 to 9.69 billion, reflecting weaker valuations in parts of his privately held investments.
The decline has also reduced his year-to-date gains to about 358 million, down from more than 1 billion earlier this year.