Stephen Sade net worth
Stephen Sade Net Worth: Stephen Saad is a South African billionaire with a net worth of $1.9 billion. Stephen Saad is the co-founder of Aspen Pharmacare, South Africa’s leading pharmaceutical manufacturer listed on the Johannesburg Stock Exchange. Aspen’s revenue took a hit in early 2012 as new generic drugmakers entered the market.
However, Aspen’s stake increased throughout 2012, making Saad a billionaire because of his company’s relationships with global pharmaceutical innovators who often see generic companies as competitors. Now, GlaxoSmithKline, the world’s fourth-largest pharmaceutical company, is Aspen’s largest shareholder. Stephen entered the world of billionaires when he donated his stake in the pharmaceutical company Covan Zurich for $3 million at the age of 29. In 2011, Aspen acquired the global rights to produce some of GSK’s smaller brands. Although he doesn’t have much free time on his hands, Thad makes frequent trips to Exeter, his private game reserve in Sabie Sands, next to South Africa’s largest national park, Kruger National Park.
