South African businessman Stephen Saad has an estimated net worth of $1.39 billion as of 2015, according to Forbes. Saad is the CEO of Aspen Pharmacare.
Stephen was born in Durban. He studied at the Durban High School. He earned his bachelor of commerce degree from the University of Natal. He played rugby in Ireland and studied to become a chartered accountant.
Stephen Saad began his career at Quickmed, a prescription medicine distribution company in black townships during apartheid. He became a millionaire at the age of 29 by selling his share in Covan Zurich for $3 million.
Saad co-founded Aspen Pharmacare with Gus Attridge in the year 1997. Today it is a multinational holding company for pharmaceutical concerns, and the largest drug company in Africa. It sells generic medicines in 150 nations. This public company is traded on the Johannesburg Stock Exchange. It expanded its global footprint with a slew of acquisitions in 2013. Saad is the chairman of Durban rugby team The Sharks. He also sits on the board of trustees of the Durban High School.
Stephen Saad is married and has four daughters. He lives in Durban and spends time at Exeter, his private reserve in the Sabi Sand Game Reserve near Kruger National Park.