Table of Contents
Key Points
- Zak Calisto's stake in Karooooo rises by $45 million, boosting his net worth to nearly $950 million in early 2025.
- Karooooo’s share price jumps 4.98% in early 2025, pushing the company’s market value above $1.4 billion.
- Calisto nears billionaire status as his Karooooo stake continues to grow, reflecting strong shareholder confidence.
South African tech mogul Zak Calisto has recorded a significant wealth boost in early 2025, with his stake in the Singapore-based global mobility service provider, Karooooo, increasing by $45 million, thanks to renewed buying interest in the company’s shares in the first days of 2025.
Calisto, who holds a 64.81-percent stake in Karooooo, equivalent to 20,028,811 shares, has played a key role in the company’s expansion in recent years. The latest increase extends the market value of his stake to nearly $950 million. This adds to the gains recorded in 2024, reflecting a consistent upward trajectory in the company’s valuation.
Zak Calisto's Karooooo sees 4.98% share price jump
Founded by Calisto in 2001 as a South African vehicle recovery service, Karooooo has evolved into a global mobility SaaS provider with over 2.1 million users across 23 countries. Its Cartrack unit offers real-time analytics, helping companies manage fleets and operations.
Karooooo’s share price has risen 4.98 percent in early 2025, from $45.15 on Jan. 1 to $47.40 per share. This increase has pushed the company’s market cap above $1.4 billion, rewarding shareholders, including Calisto, for their long-term confidence in the company's potential.
Calisto nears billionaire status as Karooooo shares climb
As the majority shareholder, Calisto’s stake has increased from $904.3 million on January 1 to $949.37 million, reflecting a $45.06 million gain.
With Karooooo poised for further growth in the global mobility space, Calisto’s influence and wealth are expected to keep growing, further cementing his position among South Africa's wealthiest tech moguls.
