South African billionaire Stephen Saad rakes in $132 million as Aspen shares skyrocket
With a net worth of $1.2 billion, Saad’s 12.5-percent stake in Aspen Pharmacare accounts for a significant portion of his wealth.
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With a net worth of $1.2 billion, Saad’s 12.5-percent stake in Aspen Pharmacare accounts for a significant portion of his wealth.
Meet seven African entrepreneurs who founded pharma companies worth at least $50 million.
Aspen Pharmacare Holdings is a South African multinational pharmaceutical holding company.
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Attridge owns a 4.26-percent stake in the company.
Aspen Pharmacare is a multinational pharmaceutical holding company.
Aspen Pharmacare Holdings Limited is a South African multinational pharmaceutical holding company.
Saad owns a 12.5-percent stake in Aspen worth $566 million.
Saad owns a 12.5-percent stake in Aspen Pharmacare Holdings, worth $566 million.
Saad controls a 12.5-percent stake in the leading drug company.
The vaccine will be marketed as Aspenovax.
The collaboration will enable Africa’s largest drugmaker to increase its production capacity to meet the rising vaccine demand in Africa.
The gains came in under 24 hours, as investors positively assessed his pharma company’s deal with J&J.
Aspen Pharmacare is a South African holding founded by pharma tycoon and billionaire businessman Stephen Saad.
The figure includes a performance bonus of $777,400 and remuneration of $555,433.
Aspen is a multinational holding for pharmaceutical interests and the largest drug company in Africa.