Alan Pullinger, the multimillionaire South African banker and former CEO of FirstRand, has seen a significant increase in his wealth over the past month. The market value of his stake in FirstRand has surged past 23 million, driven by a recent rise in the financial services group's share price on the Johannesburg Stock Exchange JSE.
According to data tracked by Billionaire.Africa , Pullinger's stake in FirstRand has grown by R80.74 million 4.44 million in the past 31 days. This increase builds on previous gains recorded between April 17 and May 9, when the market value of his stake rose by R38.71 million 2.09 million , from R333.18 million 18.03 million to R371.89 million 20.12 million.
FirstRand's shares surge 22.86 percentFirstRand , known for its diverse portfolio that includes FNB, RMB, WesBank, and Aldermore, operates not only in South Africa but also in the UK and regional markets across Sub-Saharan Africa. The group has cemented its status as a key player in the industry.
Recently, the lender's shares have experienced a notable uptick, rising 22.86 percent from R62.69 3.44 on June 6 to R77.02 4.22. This increase has propelled FirstRand's market capitalization above 23 billion.
