Vivian Reddy Net Worth in Rands

Vivian Reddy is a remarkable personality and one of the biggest philanthropists in South Africa who has given millions of rands to charity foundations and fundraising organizations, also known as NGOs. His lavish lifestyle is not secret from the general public of South Africa, and people are interested in knowing his net worth to determine how much he earns per month.

According to the records, he has more than R1 billion net worth, which includes his assets and businesses. He also has multiple ways to gather money, such as healthcare businesses, property development, and power groups. Let’s investigate his estimated net worth and other sources of income to see how a billionaire earns money in South Africa.

Vivian Reddy His Net Worth

• Complete Name: Vathasallum Reddy
• Profession: Businessman
• Salary per Month: R7,916,667
• Estimated Net Worth in: R1.9 billion
• Other Income Sources: Investments, property development, casinos, healthcare, and financial services.

Mr. Reddy has emerged as one of the fastest-emerging businessmen in South Africa in the past few years. Some claim that he will be the richest person on the entire continent of Africa within 10 years as his net worth multiplies from millions to billions in 5 to 6 years only. According to an estimate, he is the owner of an R1.9 billion empire, and within a few months, he will have more than 2 billion rands.

Forbes, a magazine based on wealthy people’s biography and their business styles, says that his monthly income is hard to imagine, but we can estimate that he earns R7,916,667. A businessman does not earn a specific amount, but the income fluctuates. Sometimes, businessmen get more than expected, and when the market crashes, the loss can cause a heart attack.

Therefore, we cannot surely claim how much he earns monthly, but it is an estimated amount mentioned above. The question arises of how he earns this much amount and what his plans are for the future. Actually, he has multiple sources of income, such as investing money in the stock market, owning a property business, having influence in the healthcare market, and offering financial services.

Vivian Reddy’s Career As A Businessman

His parents came from India to South Africa in the days of slavery and colonialism. He was born in Durban in 1953 and considered South Africa as his homeland rather than a place where his ancestors got asylum. He claimed that he faced racism in the early days because of his parents’ nationality status, but after the liberation, he was accepted as a South African by locals.

Interestingly, he did not inherit money from his parents but built his empire on his own. He stated that when he started the business in the early days of his life, he was passionate about earning as much money as he could get in a day. He added that saving money is not a way to become rich but you should invest it smartly, so he followed this rule and built his company within a few years, which is known as Reddy’s Electrical, in 1979.

A fact may amuse you that he started his first business with an R500 loan and borrowed a van. A growing businessman with a sharp mind is a perfect subject for giant companies and organizations, so he got a contract job from an electrical organization. He not only built it but also purchased it, which is known as Edison Power group, and later, he invested money in stocks, built casinos all around the world, and offered financial services.

Edison Power Group

Edison Power Group is the biggest landmark Mr. Reddy achieved in his entire career. The company is known for providing electrical services, of which power generation and repair projects are the top ones. The company is considered one of the top revenue-generating organizations in South Africa, as it generated 21.4 billion rands in the 2022 financial year, and 2023 stats are pending.

Edison Power Group is not only famous for electric transmission, distribution, and substation infrastructure but also for the large employee and labor base it controls in the country. According to the reports, there are 1000 to 1500 people associated with the firm all around South Africa. The exact details are hidden, but we can estimate that Mr. Reddy takes a billion yearly from the firm.

Property Development

He is one of those who never wish to end their passion and always follow a single rule that they have to become something extraordinary in society. He owns a power group but also invested money in the property development business and founded another branch of his firm, Edison Property Construction. Statistics claim that he controls the country’s property sector and possesses 10% to 15% land alone.

When it comes to the earnings, there is no data available, and all sources claim that he gets indirect earnings. For example, he receives profit from the share, he takes the amount from builders, and he generates revenue from the contracts. Some sources say that he earns more than 100 million from property development.

Other Businesses

A businessman is a creature who never ceases his urge to invest money and gather profits. His mind always searches for the means to make rands, so he tries different ways. For example, Mr. Reddy has built casinos all around Africa; he also offers financial services such as loans and mortgages to companies.

Vivian Reddy’s Assets

House

Ordinary people live in houses, and extraordinary personalities build mansions for themselves. He owns multiple properties in South Africa, such as his Durban Mansion and Cape Town villa. Because he owns multinational companies, he also has houses all around the world.

This Durban mansion has large swimming pools, a helipad located in the garden, and a wide parking lot. The mansion is surrounded by trees, and the top designers of South Africa beautifully designed its external and internal features. There are more than 20 rooms, 4 kitchens, and a gym area, plus he also allotted apartments to his servants.

Vehicles

Like all other businessmen, he also owns supercars, luxury cars, and sports vehicles. His servants say that he likes to drive a Mercedes Benz S Class. However, he also has a collection of Rolls Royce, Bentley, and Ferrari vehicles, and these vehicles are worth more than 300 million rands.

Mr. Reddy has proved that nothing can stop him from becoming a giant business personality of the country even though he belonged to a poor immigrant Indian family, who started his struggle at an early age and never stopped after building a R1.9 billion empire that his next generations can live with this much money.

We should acknowledge his struggle and appreciate his billions of rands net worth.