Vivian Reddy, born on February 22, 1953, in Greenwood Park, Durban, is a prominent figure in the South African business landscape. Known for his diverse interests spanning from electrical engineering to real estate and gaming, Reddy’s journey is one of determination and entrepreneurial spirit.
Vivian Reddy Early Life and Education
Growing up in a family of nine children, Reddy’s father was a teacher. At the age of 16, he represented South Africa at a Boy Scout Jamboree in Japan, an experience that allowed him to meet his idol, Neil Armstrong. After high school, Reddy initially enrolled at Springfield Training College, but his true passion lay in becoming an electrical engineer.
Vivian Reddy Career Beginnings
After facing dismissal from an engineering apprenticeship, Reddy took a bold step by founding Reddy’s Electrical. Armed with a modest R500 loan and a borrowed bakkie, he laid the foundation for what would later become Edison Power. The company went on to secure several government contracts, including significant deals for smart electricity meters in Johannesburg.
Challenges and Triumphs
Despite initial success, challenges arose. An independent investigation in November 2013 found no irregularities in a R1.25-billion contract with City Power. However, a subsequent forensic investigation in 2017 revealed lapses in one of the related contracts. This revelation led to a reevaluation of legislative and administrative procedures.
In 2019, Reddy faced allegations of corruption, a controversy that also implicated former Free State Premier Ace Magashule. His political affiliation with former President Jacob Zuma, and membership in the African National Congress since 1990, further placed him in the public eye.
Vivian Reddy’s Net Worth
Reddy’s entrepreneurial endeavors have yielded significant wealth, with his net worth estimated at $300 million. This success is a testament to his business acumen and unwavering determination.
Vivian Reddy Personal Life
Reddy shares three children with his first wife, Mogi Naidoo: Yavini, a pediatrician, Shantan, and Kuber, an IT student. In 2003, he entered a new chapter of his life by marrying Sorisha Naidoo, a media personality and cast member of The Real Housewives of Durban. Together, they have two children: Saihil and Kalina.
FAQs:
Q1: What were the initial challenges Vivian Reddy faced in his career? A1: Vivian Reddy’s career faced initial challenges when he was dismissed from an engineering apprenticeship. However, he overcame this setback by founding Reddy’s Electrical.
Q2: What is Vivian Reddy’s net worth? A2: Vivian Reddy’s net worth is estimated to be $300 million, a testament to his entrepreneurial success and business ventures.
Q3: What were the findings of the investigations regarding City Power contracts? A3: An initial independent investigation in 2013 found no evidence of irregularities in a R1.25-billion contract with City Power. However, a subsequent forensic investigation in 2017 revealed lapses in one of the related contracts, prompting a review of legislative and administrative procedures.
Conclusion:
Vivian Reddy’s journey from modest beginnings to becoming a business magnate is an inspiring tale of resilience and vision. His contributions to various industries in South Africa continue to leave a lasting impact, solidifying his legacy in the country’s business landscape.
