What is Stephen Saad worth?
Stephen Saad, a South African billionaire with a net-worth of $1.9 billion, is the richest person in South Africa. Stephen Saad, the co-founder and CEO of Aspen Pharmacare is South Africa’s largest publicly traded drug manufacturer. Aspen Pharmacare’s revenue took a big hit at the beginning of 2012 when new generic drug makers entered the market. Aspen shares have increased throughout 2012 and made Saad a millionaire. His company has established relationships with global pharmacies who often view generic companies as competitors.
GlaxoSmithKline is now Aspen’s biggest shareholder. It’s the fourth largest pharmaceutical company in the world. Stephen became a billionaire at the age of 29 when he sold his shares in Covan Zurich, a drug company, for $3 million. Aspen acquired global rights in 2011 to produce GSK’s lesser-known brands. Saad, who doesn’t spend much time at home, often visits Exeter, his Sabi Sands private game reserve, which is located adjacent to South Africa’s largest national park, Kruger National Park.
