If you want to know everything about Andre De Ruyter salary per month, his business success, and his net wealth, then the following article is going to be an interesting read. Many of us know Andre from his recent daring attempt at trying to expose the corrupt mafia working at Eskom. He even wrote a book detailing his personal experience of three years as the CEO of the company.
And that is why people are really curious about the man who had the courage to look corrupt people in the eye and tell them in the face that they are wrong. There have been certain attempts on his life and he had to leave his country because of the death threats that he and his family were receiving. If you want to know more, then keep on reading the following article.
The matter of overall income and salaries paid to the directors of Eskom is a matter of utmost discretion. In other words, the information relating to the monthly and weekly salary of the directors of Eskom is not meant for public knowledge. However, according to some of my sources, it is acclaimed that Andre De Ruyter is the highest-paid director of this company.
I was further able to get approximate figures of his yearly income from a trusted source currently working at Eskom as a director. It is said that Andre De Ruyter received R1,654,000 in total during the first three months of his directorship. After that, he earned a total of R7,040,010 yearly in the financial year 2021 and 2022.
Now, it is also claimed that Andre De Ruyter received the same income in the financial year 2023 as well; however, some people believed that he earned even more than that during his final year as the CEO of Eskom. I don’t have any facts to support this assumption but it could easily be true given how handsomely he has been paid during his tenure.
About Andre De Ruyter
Andre De Ruyter was born on 20 March 1968 in Pretoria and has a South African nationality. He is a renowned business tycoon who has worked with many prestigious companies including Sasol and Nampak. He was also the Chief Executive Officer (CEO) of Eskom, which is a state-owned electricity company currently operating in South Africa, from December 2019 to February 2023.
Apart from that, he is a highly educated individual with a Bachelor’s and MBA in business. He is also a Law graduate from the University Of South Africa. He also published a book named Truth To Power in May 2023 in which he explained all the nasty dealings and operations in Escom which contributed to the downfall of this company.
Early Successes At Sasol
Andre De Ruyter has a knack for getting faltering businesses up and running in no time at all. He joined Sasol immediately after he finished his graduation and within a few years this company was thriving in all sectors. He worked in almost all the sectors of this company in various positions and excelled in each and every one of them.
The superpower of Sasol is coal as it owns a lot of coal mines. Andre used it to uplift the company and convert all its operations to coal fuel. This is the reason why when Andre left Sasol, about ninety percent of Sasol’s operations were running on coal.
Obviously, he was fully compensated for his extraordinary services but nobody knows how much money he earned from this company. Although, it is said that most of his wealth built up due to working at Sasol.
Successes At Nampak
Andre De Ruyter took over Nampak during a critical time when the stock prices were low and debt was high. It is in fact the largest packaging manufacturer in South Africa and has a total of about twenty-five factories all over South Africa. In addition to that, this company has a total of 5600 employees.
Andre was able to decrease the company’s debt from R5.7 billion to R4 billion respectively. It was a huge achievement and literally got the company out of a severe financial crisis. In fact, he was able to convince financial institutions to provide much-needed funds for the operations and expansion of the company which ultimately paid off in the form of huge profits.
Now, speaking about the compensation he received for his extraordinary services in bringing the company to its present glory, Andre earned huge sums of money too. In fact, he made about R18.3 million in the year 2018 only. This was almost double the compensation received by his predecessor Phakamani Hadebe. This is proof enough of the brilliance of Andre to bring about great changes and charge his services accordingly.
Start of New Era At Yale
The end of Andre De Ruyter’s career at Eskom was somewhat abrupt. In fact, he resigned from his position as the company’s CEO in December 2022 and left office in February 2023. In May 2023 he wrote a very controversial book that exposed all the corruption and dirty laundry of Eskom’s operations.
He has been living in secret since he had to leave South Africa due to severe threats to his and his family’s lives. It was all because he dared to expose the corruption happening at Eskom.
It was also reported that doctors found high levels of cyanide in his blood after he took a fall in his office. It was later revealed that he had been unintentionally consuming small amounts of cyanide someone had sneakily put in his coffee. Luckily, he survived and since then he has been hiding in the shadows.
But now, it seems as if Andre has decided to take on a new challenge. He has started a new job at the private Ivy League research university Yale in New Haven, Connecticut. He will be working as a senior guest lecturer there. In fact, he will be teaching the highly sought-after course on renewable energy and the green economy market.
Where is Andre De Ruyter currently working?
Andre De Ruyter is currently working as a guest lecturer at the private Ivy League research university Yale in New Haven, Connecticut. He takes the course on renewable energy and the green economy market. In fact, he teaches this course in three of Yale’s institutions namely the School of Management, the Jackson School of Global Affairs, and the School of the Environment.
So, this was all from my aide and I hope you all enjoyed reading through this highly informative article. I tried my best to accumulate all the information that I could gather about the rich and enigmatic Andre De Ruyter and present it all to you in a proper sequence. So, if any of you were wondering about him and his current occupation, this article must have provided you with enough content.
In any case, I would like to sum up this entire discussion by pointing out that Andre is an exceptionally brilliant man who knows how to put his knowledge into action. Of course, he made a lot of money for his brilliance and magnificent working style, and successful ventures. You might as well take inspiration from him to turn your life around three hundred and sixty degrees.