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Koos Bekker Net Worth

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Koos Bekker net worth

Glusea brings to you Koos Bekker net worth

Bekker is the chairman of Naspers, a media group that operates in over 100 countries. Naspers is one of the world’s largest technology investors, as reported by Forbes. The company also holds an investment in Tencent, a Chinese internet and media company. 

Koos Bekker net worth is $2.5 billion making him one of the richest men in Africa

Early life

Koos Bekker was born in Potchefstroom, South Africa on 14 December 1952. He attended Hoër Volkskool Heidelberg and completed degrees at Stellenbosch University, in law and literature, and at Wits University, in law. During his studies in Stellenbosch, he was a hostel boarder of Eendrag Manskoshuis.

Koos Bekker net worth

Bekker is married to Karen (Roos) Bekker and has two children.

Career

After a few years in advertising, he received an MBA degree from Columbia Business School, graduating in 1984. As a result of a project paper, he, with a few young colleagues, founded one of the first two pay-television services outside of the US. M-Net and its sister companies, such as Multichoice, eventually expanded to 48 countries across Africa. In the 1990s, he was a founding director of mobile communication company MTN.

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 In 1997 Bekker became CEO of Naspers, one of the initial investors in the M-Net/Multichoice group. Naspers bought out the other shareholders. During his tenure, the market capitalization of Naspers grew from about $1.2 billion to $45 billion.

His compensation package was unusual in that for fifteen years as CEO he earned no salary, bonus or perks. He was compensated solely via stock option grants that vested over time.

Under Bekker, Naspers invested in pay television, mobile telephony and various internet services. The group conducts business in Europe, Africa, Latin America, China, India, Russia, and various smaller countries.

Koos Bekker Net Worth

The Forbes  list of The World’s Billionaires ranked Bekker as the 1002nd-wealthiest person in the world, and the fourth-wealthiest South African, with a fortune of US$2.3 billion.

In 2020, Bekker was ranked as the third-wealthiest South African by Forbes, with a fortune reported as US$2.4billion.

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He led Naspers to invest in Chinese Internet and media firm Tencent in 2001 — by far the most profitable of the bets he made on companies elsewhere.

In 2019, Naspers put some assets into two publicly-traded companies, entertainment firm MultiChoice Group and Prosus, which contains the Tencent stake

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