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Author Topic: When did Magda Wierzycka become a Billionaire?  (Read 18177 times)

rjthomas

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When did Magda Wierzycka become a Billionaire?
« on: February 17, 2018, 04:57:55 pm »
Recently there's been few articles referring to Sygnia CEO, Magda Wierzycka, is a billionaire like this one and this one.

Sygnia's market cap is currently R1.9 billion. And according to their 2017 annual report she owns 22,691,333 shares, and at Friday's closing price that's R277,968,817. She's also not listed in any of the "richest in South Africa" lists published in various news media.

Help me confirm whether Ms Wierzycka is indeed a Rand billionaire or not.
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Hamster

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Re: When did Magda Wierzycka become a Billionaire?
« Reply #1 on: February 17, 2018, 07:11:33 pm »
What makes you think that after her work at Alexander Forbes, being a director at Coronation and CEO of African Harvest that she'd push the bulk of her assets into Sygnia? Considering her job is basically investment you'd hope she is smarter than the rest of us and diversify her wealth.

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rjthomas

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Re: When did Magda Wierzycka become a Billionaire?
« Reply #2 on: February 18, 2018, 08:54:50 am »
Thanks for pointing that out. This article in Marie Claire claims she's the wealthiest woman in South Africa without any citations.

So how would you do a more accurate assessment of her net worth? I welcome your suggestions.

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Hamster

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Re: When did Magda Wierzycka become a Billionaire?
« Reply #3 on: February 18, 2018, 05:00:06 pm »
I wouldn't even know where to start.
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devan

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Re: When did Magda Wierzycka become a Billionaire?
« Reply #4 on: February 19, 2018, 09:51:05 am »
Quote from: rjthomas on February 18, 2018, 08:54:50 am
Thanks for pointing that out. This article in Marie Claire claims she's the wealthiest woman in South Africa without any citations.

So how would you do a more accurate assessment of her net worth? I welcome your suggestions.

try contacting the journalist of that article to provide a source for their claim
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