Koos Bekker

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Koos Bekker
Born (1952-12-14) 14 December 1952 (age 66)
Potchefstroom, South Africa
ResidenceCape Town, South Africa
NationalitySouth African
Alma materUniversity of the Witwatersrand, South Africa
OccupationChair of Naspers
Net worth$ 2.3 billion (2019)
Spouse(s)Karen Roos
Children4

Jacobus Petrus "Koos" Bekker (born 14 December 1952) is chairman of emerging markets media group Naspers.[1][2] The company operates in 130 countries, is listed on the London and Johannesburg Stock Exchanges, and has the largest market capitalization of any media company outside the US and China.

Early life[edit]

Koos Bekker was born in Potchefstroom, South Africa on 14 December 1952. Bekker 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.[citation needed]

Career[edit]

After a few years in advertising, he read an MBA degree at 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.[2][3] In 1997 Bekker became CEO of Naspers, one of the initial investors in the M-Net/Multichoice group.[citation needed] 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.[citation needed]

Forbes "Rich List 2019" ranked Bekker as the 1002nd wealthiest person in the world, and the fourth wealthiest South African for 2019, with a fortune of USD 2.3 billion.[4]

Foreign investments[edit]

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.

References[edit]

  1. ^ "About Naspers, Non-Executive Directors". Naspers. Retrieved 5 September 2017.
  2. ^ a b http://www.businessweek.com/news/2013-08-19/south-african-bekker-becomes-billionaire-with-china-media
  3. ^ "Koos Bekker: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 29 June 2017.
  4. ^ "Meet the ultra-rich South Africans you’ve probably never heard of", Business Tech, 18 May 2018. Accessed 22 March 2019.