Swazi Magnate Natie Kirsh’s Fortune Exceeds $8.5 Billion

Swazi billionaire Natie Kirsh, known for his great riches and broad commercial operations in the food supply industry, has increased his net worth by $290 million, reaching $8.5 billion. This secures his place as Eswatini’s wealthiest individual and elevates him to the ranks of Africa’s richest.

Kirsh’s net worth increased by $290 million in 16 days, from $8.23 billion on May 4 to $8.52 billion, with an average daily gain of $18.13 million (Bloomberg Billionaires Index).

Kirsh’s fortune has increased mostly due to the performance of his 75 percent share in Jetro Holdings, a New York-based consumer goods holding firm that oversees two prominent wholesale grocery operations in the United States: Jetro Cash & Carry and Restaurant Depot.

Kirsh, ranked 317th on the Bloomberg Billionaires Index, gets a significant amount of his income from private assets. His closely held company Kirsh Group, which owns a majority stake in Jetro Holdings, is valued $205 million.

The majority of Kirsh’s money comes from his 75 percent interest in Jetro Holdings, which is currently worth $5.88 billion. This is an increase from $5.50 billion on May 4, which added $380 million to his wealth. This holding accounts for more than 66% of Kirsh’s $8.52 billion fortune.

In addition to Jetro Holdings, Kirsh owns 54% of Abacus Property Group, a publicly traded real estate investment trust headquartered in Sydney. However, in the last 16 days, the value of this asset has increased by $11 million, from $349 million to $360 million.

Kirsh’s property portfolio includes major assets such as Tower 42, London’s leading office skyscraper, valued at $360 million in 2024, and Jandakot Airport in Perth, Australia. The recent increase in his wealth confirms his place among the world’s wealthiest people.

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