Karooooo shares drop, leading to $107-million loss for Zak Calisto
South African tech mogul Zak Calisto faces wealth decline amid Karooooo share drop.
South African tech mogul Zak Calisto faces wealth decline amid Karooooo share drop.
Total revenue climbed 7 percent to R2.19 billion ($124.2 million) from R2.04 billion ($115.7 million) a year earlier.
Calisto’s net worth has surged significantly, driven by a sharp rise in the market value of his shares in Karooooo.
South African tech mogul Zak Calisto's fortune surges by $65 million amid Karooooo's market rally
Zak Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company
Calisto, who holds a 74.7-percent stake in Karooooo worth more than $640 million, ranks as one of Africa’s leading tech entrepreneurs.
Calisto, who founded Karooooo in 2001 to provide stolen car recovery services in South Africa, holds a 74.73-percent stake in the company.
With a market value of more than $600 million from his 74.73-percent shareholding in Karooooo, Calisto is one of Africa’s wealthiest technology entrepreneurs.
Calisto founded Karooooo in 2001.
Calisto is one of Africa’s richest tech entrepreneurs.
Calisto owns a majority stake in the global provider of smart transportation management and analytics.
Zak Calisto controls a 66-percent stake in Karooooo.
Calisto owns a majority 75-percent stake in the Singapore-based tech firm, which he founded in 2001.
Calisto owns a 75-percent stake in the Singapore-based technology firm.
When compared to last year’s figures, the Singapore-based company suffered a 19.2-percent decline in earnings.