Naspers owns 34% of Tencent, which this week surpassed Facebook to become the fifth largest company in the world.
In 2001, the Cape Town-based company invested a mere $32 million in Tencent.
Tencent is now valued at $523 billion, taking the Naspers stake to $177 billion.
How much would Naspers be worth without Tencent?
The Money Show’s Bruce Whitfield interviewed Philip Short, an Investment Analyst at Old Mutual Investment Group.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
You are looking at R1000 per share [Naspers without Tencent]…— Philip Short, Old Mutual Investment Group
Yes, the share has run very hard… there’s still a lot of value to be unlocked…— Philip Short, Old Mutual Investment Group
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