South African Billionaire Michiel Le Roux Faces 164.5 Million Loss From Capitec Share Drop

• Michiel Le Roux's Capitec stake has lost 164.54 million in value due to a 7.42 drop in shares this year.
• Capitecs market value decreased to 18 billion, reflecting broader market challenges and a 7.42 decline in shares over the past month.
• Despite the downturn, Capitec's solid foundation and broad network position it for potential growth amid market volatility.

South African billionaire Michiel Le Roux has seen the value of his stake in Capitec Bank take a significant hit this year, following a drop in the bank's share price on the Johannesburg Stock Exchange JSE .

Le Roux, who holds an 11.36 percent stake in Capitec, or 13,193,193 shares, has watched the value of his holdings fall by R3.07 billion 164.54 million since January. This decline has reduced the market value of his stake to 2.05 billion as the bank contends with broader market challenges.

The drop marks a shift from the gains Le Roux saw in 2024 , when the value of his Capitec stake climbed above 2 billion. The recent downturn, however, reflects a combination of profit-taking and the broader market volatility that is affecting shareholders across the board.

Capitec Bank , co-founded by Michiel Le Roux alongside Jannie Mouton and Riaan Stassen, has established itself as one of the worlds leading retail banking brands over the past two decades.

The bank boasts a network of more than 850 branches and 7,400 ATMs across South Africa. Le Roux currently holds an 11.39-percent stake in Capitec Bank, amounting to 13,190,043 shares.