Karooooo CEO quadruples personal fortune in five years

[Daniel Puchert]

South African tech billionaire who is rapidly increasing his wealth

Karooooo CEO Zak Calisto has quadrupled his personal wealth to around R14 billion in five years thanks to the phenomenal success of his vehicle tracking company, Cartrack.

Calisto’s experience in the telematics industry dates back to 1994 — ten years before he officially founded Cartrack as a vehicle tracking technology company.

 

[ShaunSA]

By 2001, he launched Cartrack as a joint venture with Netstar. In an interview with CNBC Africa, Calisto said he had about R100 in his pocket when he began the company.

MyBB Expits "Yeah but his dad owned an emerald mine"

 

[PaulGherkin]

I know this person quite well. Not what I would call a very nice person.

 

[Sepeng]

Pfft, I've done the same thing; went from owing various institutions R1 000 a few years back to owing R6 000 today. That's the same thing right?

But nah well done to the guy - it's one thing to make a fortune, quite another to keep it or even grow it.

 

[susefan]

Now that he has enough Cartrack should stop spam calls.

 

[Willie Trombone]

South African tech billionaire who is rapidly increasing his wealth

Karooooo CEO Zak Calisto has quadrupled his personal wealth to around R14 billion in five years thanks to the phenomenal success of his vehicle tracking company, Cartrack.

Calisto’s experience in the telematics industry dates back to 1994 — ten years before he officially founded Cartrack as a vehicle tracking technology company.

What is it with these flipping articles designed to draw attention to private individuals' wealth? Are they asking to be marketed to criminals?

 

[backstreetboy]

What is it with these flipping articles designed to draw attention to private individuals' wealth? Are they asking to be marketed to criminals?

Click farming

 

[falcon786]

MyBB Expits "Yeah but his dad owned an emerald mine"

That was his pocket change to buy loose ciggies etc,profits from the emerald mine were in the safe and bank accounts.

 

[TofuMofu]

That was his pocket change to buy loose ciggies etc,profits from the emerald mine were in the couch.

FTFY

 

[azboob]

After his compulsory military service, he completed an accelerated training programme at Standard Bank between 1986 and 1991.

If that’s the accelerated training then how long is the regular one?