US EditionSouth African tycoon Giovanni Ravazzotti gains $18 million from Italtile stake
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South African tycoon Giovanni Ravazzotti gains $18 million from Italtile stake
Key PointsItaltile’s stock rally added $18.22 million to Giovanni Ravazzotti’s wealth, lifting his holding to nearly $420 million as of June 23.Shares rose from R9.70 to R10.14 between June 19–23, pushing market capitalization above $740 million amid renewed investor demand.Despite the rebound, Italtile shares remain down 28.29% in 2025; a $100,000 investment would now be worth roughly $71,710.South African businessman Giovanni Ravazzotti, the f…
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