Stephen Saad

About Stephen Saad

Birth Year: 1964
Birth Place: Durban, South Africa, South Africa
Residence: Durban, South Africa
Education: Durban High School
Alma mater: University of Natal
Occupation: Businessman

Stephen Saad

Stephen Saad was born on 1964 in Durban, South Africa, South Africa. Stephen Saad founded South Africa's largest pharmaceuticals maker, Aspen Pharmacare, in 1997. Traded on the Johannesburg Stock Exchange, Aspen Pharmacare markets generic medicines in 150 countries. Saad is the chief executive and head of Aspen's board. He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million. In October 2016, Saad won the Entrepreneur of the Year award at the All Africa Business Leaders Awards gala.
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Stephen Bradley Saad was born in June 1964, and raised in Durban, South Africa. He attended the Durban High School in Durban. He graduated from the University of Natal, where he received a Bachelor of Commerce. He played rugby in Ireland and studied to become a chartered accountant.


In 1997, together with Gus Attridge, he co-founded Aspen Pharmacare, a public company traded on the Johannesburg Stock Exchange. It has become the largest Producer of generic medicines on the African continent. He serves as its chief executive and Gus Attridge as its deputy chief executive, and serves on its board of Directors. In 2011, he was worth US$640 million, becoming one of Africa's 40 richest people. His stock portfolio went up 75% in 2013. He is now worth US$1.4 billion.


Additionally, he chairs the Sharks, a rugby union club in Durban. He also sits on the board of trustees of his alma mater, the Durban High School. 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

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