South African tycoon Adrian Gore’s stake in Discovery rises by $42.9 million in three weeks

Key Points

• Adrian Gore’s stake in Discovery has gained $42.90 million in the past 21 days, driven by a strong rally in Discovery’s stock on the JSE.
• The insurer posted a 26.81% increase in half-year headline earnings to $378.09 million, fueled by solid growth in South African operations and global expansion.
• Discovery’s stock has climbed 8.40% in the past 21 days, pushing its market capitalization toward $7.7 billion and delivering significant returns for shareholders.

South African insurance magnate and Discovery co-founder Adrian Gore has seen his fortune grow significantly, with the value of his stake in the Sandton-based insurer rising by $42.9 million in just three weeks.

Gore’s Discovery stake gains $42.9 million

Gore, one of South Africa’s richest individuals, holds a 7.19 percent stake in Discovery, amounting to 48,633,756 shares. In the past 21 days, his stake has gained R779.11 million ($42.9 million) as Discovery’s share price continues to climb on the Johannesburg Stock Exchange (JSE).

This latest increase follows a $41.28 million gain between Feb. 3 and 11, when the value of his stake rose from R8.67 billion ($470.46 million) to R9.43 billion ($511.56 million). The steady rise reflects growing investor confidence in the company.

Discovery’s earnings surge 26.81 percent to $378 million

Founded in 1992 by Adrian Gore and Barry Swartzberg, Discovery began as a medical insurance provider before expanding into long-term and short-term insurance, asset management, and investment services. Over the past three decades, Gore has played a key role in shaping the industry, turning Discovery into a powerhouse in health and financial services.

The company posted strong results for the first half of its 2025 fiscal year, with headline earnings rising 26.81 percent to $378.09 million. The growth was fueled by solid performance in South Africa and steady expansion in international markets.

Discovery shares rally, boosting market value and investor returns

Strong earnings have lifted investor confidence in the Sandton-based insurer. Shares have climbed 8.4 percent over the past 21 days, rising from R190.81 ($10.51) on Feb. 13 to R206.83 ($11.39). This surge has pushed Discovery’s market capitalization toward $7.7 billion, delivering solid gains for shareholders.

The rally has also added significantly to Adrian Gore’s wealth. The value of his stake in Discovery has grown by R779.11 million ($42.90 million) over the same period, increasing from R9.28 billion ($510.99 million) to R10.06 billion ($553.90 million).

Your money and your life

Discovery’s stock on the JSE has climbed 6.19 percent since the start of the year. A $100,000 investment in the insurer at the start of 2025 would now be worth $106,190, adding $6,190 in value. The steady gains signal growing market confidence, strengthening Discovery’s standing as a leading player in the industry.