Key Factors
- Stephen Saad’s stake in Aspen Pharmacare drops under $450 million as shares slide 12.82% on the JSE over the previous 15 buying and selling days.
- Aspen’s market cap declines to $3.4 billion, impacting shareholder wealth, together with a $62.85 million loss for Saad in simply two weeks.
- Aspen shares drop 11.37% in 2025, turning a $100,000 funding into $88,630, amid broader market pressures.
South African pharma tycoon Stephen Saad, CEO of Aspen Pharmacare, Africa’s largest pharmaceutical firm, has seen the worth of his stake within the firm drop under $450 million, as the corporate’s shares proceed to slip on the Johannesburg Stock Exchange (JSE).
Saad, who owns 12.8 p.c of the Durban-based drugmaker—equal to 57,221,750 shares—has misplaced about R1.23 billion ($62.85 million) over the previous 15 days. This brings the worth of his Aspen stake to simply $434.35 million.
The latest decline follows a earlier lack of $41.15 million between Jan. 31 and Mar. 27, when the worth of his holdings had already fallen to R9.58 billion ($525.19 million).
Aspen’s market cap drops 12.82%
Aspen Pharmacare, based by Stephen Saad in 1997, has change into a distinguished participant in South Africa’s pharmaceutical business, contributing considerably to his wealth. The corporate operates in additional than 115 international locations and has skilled regular progress underneath his management.
Nonetheless, Aspen’s share worth has fallen by 12.82% on the Johannesburg Inventory Change over the previous 15 days, dropping from R167.59 ($8.71) on March 10 to R146.11 ($7.59). This decline has lowered the corporate’s market capitalization to round $3.4 billion, leading to important losses for shareholders.
Consequently, the worth of Saad’s stake in Aspen has taken a success. The market worth of his holdings dropped by R1.23 billion ($62.85 million), falling from R9.59 billion ($498.2 million) on March 10 to R8.36 billion ($434.35 million) as of the newest report.
Your Cash and your life
To date in 2025, Aspen’s shares have fallen by 11.37 p.c. If you happen to invested $100,000 initially of the yr, it could now be value roughly $88,630—marking a lack of $11,370 amid broader market pressures.
