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Seth Rotherham
  • If You Want To Make A Lot Of Money You Should Try Become CEO Of Naspers

    24 Jul 2017 by Jasmine Stone in Business, Money, South Africa
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    • Staggering Payday For Naspers CEO

    It’s not exactly a secret that the Naspers top dogs are making big money, and it’s been a pretty damn good year for CEO Bob Van Dijk.

    The company has awarded him $10.4 million (about R134 million) in long-term share options, which comes on top of his salary – a cool $2,2m (about R28 million) in pay and bonuses during the last year.

    Those numbers came to light when the company published its annual report, which shows it’s not just Bob who’s living the high life.

    Fin24 reports:

    Chief Investment Officer Mark Sorour received $2.6m (about R33.5m), including a $1.2m bonus based on his deal making success, which included the sale of Polish online business Allegro for $3.25bn.

    The pay awards correspond with a year in which Naspers’ earnings increased by 41% to $1.8bn, driven by the performance of Chinese internet company Tencent Holdings.

    You’re going to need quite a decent track record if you want to usurp Bob up top – his LinkedIn profile (HERE) makes for pretty impressive reading.

    From Naspers’ website, a short profile:

    Bob van Dijk was appointed chief executive of Naspers in April 2014. He joined the group as Allegro Group CEO in August 2013 and was promoted to CEO Global Transaction eCommerce in October 2013. He has over 10 years of general management experience in online growth business, mainly with eBay and Schibsted, spanning the online marketplaces, online classifieds and fashion segments.

    Most recently he was vice-president and general manager of eBay Germany and Europe Emerging Markets. Prior to his general management career, Bob was an entrepreneur in online financial products. He started his career in McKinsey with a focus on mergers and acquisitions and media. Bob has an MBAHons from INSEAD and an MSc (cum laude) in econometrics from Erasmus University, Rotterdam.

    Best you start working on that CV now.

    [sources:fin24&naspers]

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