Nathan Kirsh Net Worth

Age, Biography and Wiki

💰 Net worth: $6.5 Billion (2024)

Nathan Kirsh, widely recognized in Swaziland for his contributions to the fashion and retail industry, is projected to have a net worth of $6.5 billion by 2024. Kirsh's remarkable success in these sectors has propelled him to become one of the wealthiest individuals in the country. With his keen business acumen and strategic investments, Kirsh has amassed immense wealth, cementing his status as a prominent figure in Swaziland's fashion and retail landscape. His accomplishments continue to inspire and shape the industry, showcasing his entrepreneurial prowess and unmatched expertise.

Famous Quotes:

You can't take money with you. And if you can't do good things with it, you're a bloody fool.

Biography/Timeline

Kirsh grew up in a Jewish family in Potchefstroom, where he attended and matriculated from Potchefstroom Boys High in 1949 before obtaining a Bachelor of Commerce at the University of the Witwatersrand and an honorary doctorate from the University of Swaziland.

Kirsh left South Africa permanently for Swaziland in 1986 after a Business partnership between his company, Kirsh Industries, and Sanlam, one of South Africa’s leading financial services groups, unravelled.

Kirsh is the largest shareholder of Magal Security Systems, with a beneficial ownership of 24.2%. He is also a Director of the company. Magal Security Systems develops and supplies control systems and intrusion detection systems and is the main supplier of electronic fences for the security fence project in the West Bank. Magal won 80% of the bids published by the Israeli Ministry of Defence for the installation of intrusion detection systems along the security fence. The company has been criticized by several NGO bodies, which have expressed concern that the company is involved in constructing the security fence which was declared illegal by the International Court of Justice in July 2004.

Through Kifin Limited, part of Ki Corporation, Kirsh holds a 29.9% stake in London-based property developer Minerva. Kirsh recently made British headlines for an attempted takeover bid of Minerva, although he pulled out in early January 2010. “The offer was made at 50p a share in cash, valuing Minerva at about £85m, and needed 50 per cent of stock.” However, the offer was considered to undervalue the company.

KiFin Limited's deputy chairman is Ron Sandler, who was the government-appointed Non-Executive Chairman of Northern Rock through 2011 and an advisor to former British Prime Minister Gordon Brown. Sandler told The Independent that he was a “sounding board” and advisor to Nathan Kirsh.

Since 2012, Kirsh has continued to work in real estate. According to Kirsh, real estate "is the only sector where 'stupid people' can make money."

His main holding group, Kirsh Holdings Group, owns Swazi Plaza Properties – his biggest interest in that country – in a 50/50 partnership with the government-owned Swaziland Industrial Development Company (SIDC).

Kirsh's companies are registered in tax havens such as the British Virgin Islands and Liberia, listed on the Organisation for Economic Co-operation and Development’s tax-haven "Grey list".

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