South African tech leader Zak Calisto’s Karooooo stake tops $950 million
Calisto’s net worth has surged significantly, driven by a sharp rise in the market value of his shares in Karooooo.
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
Despite the decrease in his stake in Karooooo, Calisto remains one of Africa’s top tech entrepreneurs.
This surge highlights Calisto’s influence in South Africa’s tech sector, underscoring his role in shaping Karooooo’s path forward as a top provider of intelligent transportation solutions.
Amid the recent market volatility, the market value of Calisto’s stake has dropped significantly by $34.52 million, falling from $609.57 million on March 21 to $575.05 million.
Calisto’s stake has increased by $25.49 million from $579.68 million on March 15 to $605.17 million at the time of drafting this report.
This rise comes on the heels of a significant setback, where Calisto experienced a $26.41-million loss between Feb. 12 and Feb. 23.
With a stake of 74.7 percent in Karooooo, valued at more than $580 million, Calisto stands among Africa’s top tech entrepreneurs.
Montanana’s stake since the start of the year has risen to $58.34 million.