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Nathan Kirsh
#139

Nathan Kirsh

Source of wealth: Retail, real estate

Net Worth

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Earnings per second

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Biography

The bulk of Nathan "Natie" Kirsh's fortune comes from U.S.-based Jetro Holdings, which owns restaurant supply stores Jetro Cash and Carry and Restaurant Depot.

Kirsh owns 70% of the company, which supplies wholesale goods to bodegas, small stores and restaurants in the United States.

Kirsh made his first fortune in his native Swaziland, where he launched a corn milling business in 1958.

He expanded into wholesale food distribution in apartheid South Africa, and then into supermarkets and commercial property development.

Financial Assets

Exchange
ASX
Ticker
ABG-AU
Company
Abacus Group
Exchange
ASX
Ticker
ASK-AU
Company
Abacus Storage King

The Great Lie of Mega-Fortunes: The Case of Nathan Kirsh

Billionaires are often presented under the romantic myth of the 'self-made person': a narrative designed to justify opulence as the natural reward for hard work, effort, or ingenuity. However, when confronting such extreme volumes of wealth with macroeconomic reality, the meritocracy narrative completely breaks down. No individual can legitimately generate through personal effort a fortune equivalent to millions of times the average working-class salary. Capital at the top does not grow because of exceptional talent; it expands through an implacable dynamic where accumulated money works exponentially faster than people, devouring the wealth generated by productive labor.

The immense fortune of Nathan Kirsh, linked to Fashion & Retail and 'Retail, real estate', has not been built in a free-market vacuum, but through rent-seeking, the use of exclusive elite influence, the consolidation of monopoly positions, or inherited wealth. Far from taking real private risks, billionaire empires structurally depend on state support through direct subsidies, infrastructure use, exploitation of R&D, public contracts, and offshore tax engineering. While this wealth is equivalent to the physical weight of 140 tons of pure gold, the rest of the planet suffers from an artificial scarcity of basic resources. The fact that this wealth is enough to fully fund the public health system of DR Congo, a country with more than 105800000 million inhabitants for 8.9 years, proves that unlimited accumulation is not an entrepreneurial achievement, but the hijacking of democratic sovereignty.

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