Raymond Ackerman Net Worth

Raymond Ackerman Net Worth is
$1.9 Million

Raymond Ackerman Bio/Wiki, Net Worth, Married 2018

He’s also recognized for his philanthropic actions. He bought four shops from Jack Goldin in the sixties. After graduating in the University of Cape Town having a Bachelor of Commerce, he joined the Greatermans group in the Ackermans office in 1951 in the age of 20 as a trainee supervisor. Ackermans were founded only after World War I by his dad Gus, but was sold to the Greatermans group in 1940.

Ackerman was eventually offered a place at Greatermans head office in Johannesburg. Norman Herber, chairman of Greatermans made a decision to take up a food retailer called Checkers. Ackerman was finally put in charge of Checkers, making a resounding success out the company.

Ackerman won the Excellent Young South African award in 1965, as well as Gary Player and by 1966, in the age of 35, he was the managing director of 85 Checkers shops; yet, he was fired in exactly the same year. In result, using his severance pay as well as a bank loan, Ackerman purchased four shops in Cape Town trading below the name Pick ‘n Pay. Under his direction, Pick ‘n Pay eventually grew into among Africa’s biggest supermarket chains, having a thirty seven billion Rand employee turnover (2006 amount) and more than 124 supermarkets, 14 hypermarkets and 179 franchised outlets. The Pick ‘n Pay Group employs more than 30 000 individuals in a number of Southern African states.

Ackerman has fought many battles together with the South African authorities (both pre- and post-1994) in his efforts to free up the highly controlled South African fuel business. Ackerman is married and has four kids, all of whom are active in the company in a variety of abilities. Ackerman, jointly along with his wife Wendy were given the 2010 David Rockefeller Bridging Direction in Africa Prize from The Synergos Institute Southern Africa office.

Raymond Ackerman Net Worth $545 Million Dollars


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