Stephen Bradley Saad, born in June 1964, is a powerhouse in the world of business, particularly in the pharmaceutical industry. As the founder and chief executive of Aspen Pharmacare (JSE: APN), he has played a pivotal role in making it the largest producer of generic medicines in Africa.
Stephen Saad
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Biography
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| Born |
Stephen Bradley Saad
June 1964 (age 59) Durban, South Africa
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| Education | Durban High School |
| Alma mater | University of Natal |
| Occupation | Businessman |
Early Life
Stephen was born in Durban, South Africa, to Lebanese parents and spent his formative years in Durban. He attended Durban High School and later pursued higher education at the University of Natal, graduating with a Bachelor of Commerce degree. An avid rugby player, he even played in Ireland while studying to become a chartered accountant.
Career
Stephen’s journey to success began at Quickmed, a prescription drug distribution company during apartheid. At the young age of twenty-nine, he made a savvy move by selling his share in Covan Zurich for US$3 million, marking his entry into the millionaire’s club.
In 1997, Stephen, along with Gus Attridge, co-founded Aspen Pharmacare, which has since grown into a public company traded on the Johannesburg Stock Exchange. Under his leadership, Aspen Pharmacare has become a powerhouse in the pharmaceutical world, producing generic medicines across the African continent.
Stephen’s business acumen has seen remarkable success, with his net worth soaring to US$1.4 billion. Beyond business, he wears many hats, including chairing the Sharks, a rugby union club in Durban. He also remains connected to his roots by serving on the board of trustees at Durban High School.
Personal Life
Outside of the boardroom, Stephen enjoys spending time with his family in Durban and at his private reserve in the Sabi Sand Game Reserve near the Kruger National Park. He is happily married and is the proud father of four daughters.
With his keen business sense and dedication to excellence, Stephen Bradley Saad continues to make significant strides in both the business world and his personal life, leaving a lasting impact wherever he goes
Awards
Stephen Saad is a South African businessman and entrepreneur who has received several awards and recognitions throughout his career. Here are some notable ones:
- Entrepreneur of the Year award at the All Africa Business Leaders Awards in 2013.
- The African Business Leader of the Year Award at the Africa CEO Forum in 2016.
- The Aspen Global Leader Network Award in 2017.
- The Free Market Foundation’s Luminary Award in 2018
FAQ
Who is Stephen Bradley Saad?
Stephen Bradley Saad is a South African billionaire businessman known for founding and serving as the chief executive of Aspen Pharmacare, the largest producer of generic medicines in Africa.
What is Aspen Pharmacare?
Aspen Pharmacare is a pharmaceutical company founded by Stephen Saad and Gus Attridge in 1997. It is publicly traded on the Johannesburg Stock Exchange and is known for producing generic medicines across the African continent.
How did Stephen Saad become successful?
Stephen Saad started his career at Quickmed, a prescription drug distribution company, and later co-founded Aspen Pharmacare. Through strategic leadership and business acumen, he transformed Aspen Pharmacare into a major player in the pharmaceutical industry, contributing to his success as a billionaire businessman.
What awards or recognition has Stephen Saad received?
Stephen Saad has not only achieved financial success but has also been recognized for his contributions to business and philanthropy. While specific awards may vary, his leadership at Aspen Pharmacare and philanthropic endeavors have earned him accolades such as honorary doctorates and recognition as one of Africa’s wealthiest individuals.
What does Stephen Saad do outside of business?
Outside of his role at Aspen Pharmacare, Stephen Saad is involved in various activities, including chairing the Sharks, a rugby union club in Durban, and serving on the board of trustees at Durban High School. He also enjoys spending time with his family and is known to relax at his private reserve near the Kruger National Park.
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