Stephen Saad

$1.20 B

Ranked #1867 in World

About Stephen Saad

Stephen Bradley Saad, born in June 1964 in Durban, South Africa, to Lebanese emigrants, emerged as a pivotal figure in the pharmaceutical industry, setting the foundation for Aspen Pharmacare in 1997 alongside Gus Attridge. Boasting a commendable academic journey with a Bachelor of Commerce degree from the University of Natal, Saad's early career kickstarted at Quickmed in apartheid-era townships, ultimately propelling him to millionaire status by 29 after selling his stake in Covan Zurich for US$3 million. As the chief executive of Africa's leading generic medicines producer, Aspen Pharmacare, his entrepreneurship not only skyrocketed his net worth to US$1.4 billion by 2013 but also placed him among Africa's wealthiest. Besides his business achievements, Saad chairs Durban's rugby union club, The Sharks, and contributes to his alma mater, Durban High School, as a board trustee. His significant impact earned him an honorary doctorate from Nelson Mandela Metropolitan University in 2014. Saad, residing in Durban with his wife and four daughters, also owns a reserve near Kruger National Park.

Born

June 23, 1964 in Durban, South Africa

Age

61 years

Source Of Wealth

Pharmaceuticals

Industries

Healthcare

Citizenship

South Africa

Residence

Durban

Education

Bachelor of Arts/Science, University of KwaZulu-Natal

Stephen Bradley Saad was born in June 1964 to Lebanese parents in Durban, South Africa. He attended Durban High School and graduated from the University of Natal with a Bachelor of Commerce degree.

Stephen Saad: Family

Saad is married with four daughters and resides in Durban. He also owns a private reserve in the Sabi Sand Game Reserve near Kruger National Park.

Stephen Saad: Career Highlights

Saad started his career at Quickmed, a prescription drug distribution company in black townships during apartheid. At the age of twenty-nine, he sold his share in Covan Zurich for US$3 million, becoming a millionaire. In 1997, he co-founded Aspen Pharmacare with Gus Attridge, now the largest producer of generic medicines in Africa. Saad serves as the chief executive of Aspen Pharmacare, while Gus Attridge is the deputy chief executive.

Stephen Saad: Companies

Saad is associated with the following companies: - Quickmed - Covan Zurich - Aspen Pharmacare

Stephen Saad: Major Achievements

Saad became one of Africa's 40 richest people in 2011 with a net worth of US$640 million. His stock portfolio increased by 75% in 2013, raising his net worth to US$1.4 billion. He chairs the Sharks, a rugby union club in Durban, and sits on the board of trustees of his alma mater, Durban High School.

Stephen Saad: Awards & Achievements

Saad was awarded an honorary doctorate from Nelson Mandela Metropolitan University in 2014 for Aspen's positive impact in Port Elizabeth.

Stephen Saad: Personal Life & Legacy

Saad is known for his philanthropic efforts and has made significant contributions to various charitable organizations. He is also an avid rugby fan and played the sport in Ireland during his younger years.

Stephen Saad: Trivia

Saad is a qualified chartered accountant and holds a Bachelor of Commerce degree from the University of Natal.

Wealth History

Timeline

June 1964

Stephen Bradley Saad was born to Lebanese parents in Durban, South Africa.

N/A

Attended Durban High School and graduated from the University of Natal with a Bachelor of Commerce degree.

N/A

Played rugby in Ireland and studied to become a chartered accountant.

N/A

Started his career at Quickmed, a prescription drug distribution company in black townships during apartheid.

N/A

At the age of twenty-nine, sold his share in Covan Zurich for US$3 million, becoming a millionaire.

1997

Co-founded Aspen Pharmacare with Gus Attridge, now the largest producer of generic medicines in Africa.

N/A

Serves as the chief executive of Aspen Pharmacare, while Gus Attridge is the deputy chief executive.

2011

Became one of Africa's 40 richest people with a net worth of US$640 million.

2013

His stock portfolio increased by 75% in 2013, raising his net worth to US$1.4 billion.

N/A

Chairs the Sharks, a rugby union club in Durban.

N/A

Sits on the board of trustees of his alma mater, Durban High School.

2014

Awarded an honorary doctorate from Nelson Mandela Metropolitan University for Aspen's positive impact in Port Elizabeth.

N/A

Resides in Durban and owns a private reserve in the Sabi Sand Game Reserve near Kruger National Park.

N/A

Married with four daughters.

Stephen Saad : FAQs

What is Stephen Saad's net worth?

As of 2018, Stephen Saad's net worth was $1.20 billion.

What are Stephen Saad's main sources of wealth?

Stephen Saad's main source of income comes from Pharmaceuticals.

In which industry does Stephen Saad primarily operate?

Stephen Saad is primarily involved in the Healthcare industry.

What is Stephen Saad educational background?

Stephen Saad holds a Bachelor of Arts/Science from the University of KwaZulu-Natal.

How old is Stephen Saad?

Stephen Saad is 61 years old.

How many children does Stephen Saad have?

Stephen Saad has 4 children.

Who is Stephen Bradley Saad and what is his background?

Stephen Bradley Saad, born in June 1964 in Durban, South Africa, to Lebanese parents, is a renowned entrepreneur and the co-founder of Aspen Pharmacare, the largest producer of generic medicines in Africa. He graduated from the University of Natal with a Bachelor of Commerce degree, played rugby in Ireland, and qualified as a chartered accountant.

How did Stephen Saad become a millionaire?

Stephen Saad became a millionaire at the age of twenty-nine after selling his share in Covan Zurich for US$3 million. Prior to this, he started his career at Quickmed, a prescription drug distribution company catering to black townships during apartheid.

What are some key milestones in Stephen Saad's career in the pharmaceutical industry?

Key milestones in Stephen Saad's career include co-founding Aspen Pharmacare in 1997 with Gus Attridge, becoming the largest producer of generic medicines in Africa, and serving as the chief executive of the company. His leadership has significantly contributed to Aspen's success and growth in the pharmaceutical industry.

What honors and personal achievements has Stephen Saad received?

Stephen Saad was listed as one of Africa's 40 richest people in 2011 with a net worth of US$640 million, which increased to US$1.4 billion in 2013. He was also awarded an honorary doctorate from Nelson Mandela Metropolitan University in 2014 for Aspen's positive impact in Port Elizabeth. Additionally, he chairs the Sharks rugby union club and contributes to his alma mater, Durban High School.

Where does Stephen Saad live and what are his personal interests?

Stephen Saad resides in Durban, South Africa, and has a strong interest in wildlife conservation, owning a private reserve in the Sabi Sand Game Reserve near Kruger National Park. He is married with four daughters, showing his deep personal commitment to both family and environmental stewardship.