Zak Calisto

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Zak Calisto
Born (1966-08-04) 4 August 1966 (age 59)
Portugal
Citizenship Portugal, South Africa
Education University of South Africa University of the Witwatersrand
OccupationBusinessman
Known forFounder and CEO of Cartrack and Karooooo
Spouse(s)Alvarez Madeira Calisto Fatima Maria, Ilda Da Costa
ChildrenGabriel Calisto, Rogerio Calisto, Carmen Calisto, Rui Calisto, Antonio Calisto and India Calisto

Zak Calisto (born 4 August 1966) is a South African billionaire businessman. He is the founder and CEO of Cartrack and Karooooo. [1]

Calisto was born in Portugal, and grew up in the then Portuguese colony of Mozambique, where his father was a government official. [1]

In 2001, Calisto founded Cartrack, a software as a service (SaaS) vehicle-tracking platform. [2]

In 2014, Cartrack was listed on the JSE, and in 2021 the holding company was rebranded and relisted on the JSE as Karooooo. [3]

In October 2025, it was reported that for the half year ended 31 August 2025, Karooooo's revenue had increased 20% to US$139 million, profits by 17.2% to $27.6 million, with subscription services making up 98% of revenue. Karooooo hit an estimated valuation of $1.74 billion as at October 2025 following this performance; with Calisto holding an estimated 58% stake, this meant that he became a USD billionaire. [4]

References

  1. 1 2 "MSN". www.msn.com. Retrieved 24 July 2025.
  2. ↑ "Engine Of Growth: A South African Entrepreneur On Scaling To 23 Countries". www.forbesafrica.com. 9 January 2025. Retrieved 24 July 2025.
  3. ↑ "The South African billionaire who 'quietly' quadrupled his wealth in 5 years" . Retrieved 24 July 2025.
  4. ↑ "Zak Calisto becomes Africa's newest billionaire with $1.74 billion valuation" . Retrieved 17 October 2025.
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