|Born||Durban, South Africa|
|Residence||Durban, South Africa|
|Education||Durban High School, University of Natal|
Stephen Saad was born and raised in Durban, South Africa. He attended the Durban High School in Durban. He graduated from the University of Natal, where he received a Bachelor of Commerce. He played rugby in Ireland and studied to become a chartered accountant.
He started his career at Quickmed, a prescription drug distribution company in black townships during Apartheid. At the age of twenty-nine, he sold his share in Covan Zurich for US$3 million, thus becoming a millionaire.
In 1997, together with Gus Attridge, he co-founded Aspen Pharmacare, a public company traded on the Johannesburg Stock Exchange. It has become the largest producer of generic medicines on the African continent. He serves as its Chief Executive and Gus Attridge as its Deputy Chief Executive, and serves on its Board of Directors. In 2011, he was worth US$640 million, becoming one of Africa's 40 richest people. His stock portfolio went up 75% in 2013. He is now worth US$1.4 billion.
- Andrew England, South Africa’s dose of big pharma, Financial Times, November 17, 2013
- Caleb Melby, South African Pharma Entrepreneur Stephen Saad Joins The Billionaires' Club, Forbes, 12/17/2012
- DHS Foundation: Trustees
- Bloomberg BusinessWeek
- Andile Makholwa, Stephen Saad: Aspen's money spinner, Financial Mail, December 19, 2013
- Aspen Holdings Board of Directors
- Jane Marais, The Billionaires are back, The Times, December 04, 2010