Stephen Saad Net Worth 2025

Stephen Bradley Saad (born June 1964) is a South African billionaire businessman, who is the founder and chief executive of Aspen Pharmacare (JSE: APN), the largest producer of generic medicines in Africa.

Stephen Bradley Saad was born in June 1964 to Lebanese parents,^[1] and raised in Durban, South Africa.^[2] He attended the Durban High School in Durban.^[3][4] He graduated from the University of Natal, where he received a Bachelor of Commerce.^[3][4][5] He played rugby in Ireland and studied to become a chartered accountant.^[2][4][5]

He started his career at Quickmed, a prescription drug distribution company in black townships during apartheid.^[2] At the age of twenty-nine, he sold his share in Covan Zurich for US$3 million, thus becoming a millionaire.^[6]

In 1997, together with Gus Attridge, he co-founded Aspen Pharmacare, a public company traded on the Johannesburg Stock Exchange.^[4][7] It has become the largest producer of generic medicines on the African continent.^[6] He serves as its chief executive and Gus Attridge as its deputy chief executive, and serves on its board of directors.^[5][7][8] In 2011, he was worth US$640 million, becoming one of Africa's 40 richest people.^[3] His stock portfolio went up 75% in 2013.^[6] He is now worth US$1.4 billion.^[6][2][3][9] In October 2016, He won the Entrepreneur of the Year award at the All Africa Business Leaders Awards gala.^[10]

Additionally, he chairs the Sharks, a rugby union club in Durban.^[2] He also sits on the board of trustees of his alma mater, the Durban High School.^[4] In 2014, he was awarded an honorary doctorate from Nelson Mandela Metropolitan University for the positive role of Aspen in the city of Port Elizabeth ^[11]

He resides in Durban and spends time at his private reserve in the Sabi Sand Game Reserve near the Kruger National Park.^[6] He is married with four daughters.^[6][4]