|January 06, 1932
|London, United Kingdom, Swaziland
|91 YEARS OLD
|London, United Kingdom
|University of the Witwatersrand
|3, including Philip Kirsh
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.
You can't take money with you. And if you can't do good things with it, you're a bloody fool.
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 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.
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).