South African billionaire Jannie Mouton has donated $82 million in PSG Group shares to his personal charity, the Jannie Mouton Foundation, according to a filing published Tuesday by the Johannesburg Stock Exchange News Service.
Mouton, 70, is the founder and chairman of PSG Group, a listed investment holding firm. PSG has interests in financial services, banking, private equity, agriculture and education.
The Jannie Mouton Foundation, which was founded only recently, aims to spend more than $6 million each year on various charitable activities in South Africa.
He started his career aged 22 as an articled clerk at PwC and subsequently qualified as a chartered accountant in 1973. In 1995, he was fired as managing partner by Senekal, Mouton & Kitshoff, a stockbroking firm he co-founded. He went on to found PSG Group, which today has a market cap of $4.5 billion. He has a current net worth of $1.06 billion according to Forbes Real Time Ranking.
Source: Forbes Magazine.