The vehicle tracking company founder has seen his fortune quadruple in the past five years.
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 .
He began studying actuarial science at the University of Witwatersrand but dropped out after finding that he didn’t “fit” with his peers and professors. Thanks to his stake in Karooooo, Calisto has been a rand billionaire for some time and is rapidly approaching dollar billionaire status. For the 2024/25 financial year, the company aims to continue growing and set itself the following goals:Grow Cartrack subscription revenue to between R3.9 billion and R4.15 billionIncrease Karooooo’s earnings per share to between R27.50 and R31.00Calisto said it’s obvious to him now that no one really knows what they will be doing in ten years because technology is continuously improving.
Calisto explained that when he externalised his shares around 2019, he formed a company in Singapore called Karoo to hold them.
Headline Karooooo Netstar Zak Calisto Business
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