South African Billionaire Koos Bekker's Naspers Stake Gains 108.9 Million

South African billionaire Koos Bekker, renowned for his investments in the technology sector, has solidified his position among the countrys wealthiest individuals, buoyed by a remarkable surge of nearly 110 million in the market value of his stake in the company since the start of 2024.

Koos Bekker, a titan of South African business, is credited with transforming Naspers from a traditional newspaper publisher into a leading player in e-commerce and cable TV. Despite holding a relatively modest 0.85 percent stake 1,687,887 ordinary shares, Bekkers influence on the companys direction remains significant, currently valued at over 390 million.

Since Jan. 1, the value of his stake has risen by R2.09 billion 108.86 million, driven by a robust rally in Naspers' share price on the Johannesburg Stock Exchange JSE .

Naspers Limited , a South African multinational with a global footprint in internet, media, and technology, boasts a diversified portfolio spanning online retail, publishing, and venture capital. The company operates across five continents and serves over two billion customers.

Naspers stock has gained 38.68 percent year-to-date, rising from R3,050.12 170.95 at the start of the year to R4,291.06 231.43 per share. The surge has propelled the companys market capitalization above 42 billion, supported by strong demand from local and international investors.