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| Description: Net Worth: $1.7 BILLION Industry: Health Care Country of Citizenship: South Africa Age: 50 Number of Jobs Created: 665 Over the past 16 years, Stephen Saad and partner Gus Attridge have grown Aspen Pharmacare from a small business to a massive company with a $13-billion market capitalisation. Aspen Pharmacare is Africa’s largest generic drugs manufacturer. It supplies branded and generic pharmaceuticals in more than 150 countries across the world and owns manufacturing facilities on six continents. Last year, Aspen acquired the rights to sell Nestlé’s Infant Nutrition Division products in Africa and Australia. Aspen has 26 manufacturing facilities at 18 sites and approximately 8,200 employees around the world. Saad owns a 13-percent stake in the company. |
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