Raymond Ackerman is one of the most successful business people and philanthropists in South Africa. He became known through the Pick n Pay supermarket chain, which he bought from Jack Goldin in 1966. It’s no secret that Raymond Ackerman is considered one of the richest businessmen in South Africa. In fact, with an estimated net worth of 500 million, he has been ranked as one of the 50 richest men in Africa.
Rumor has it that much of Raymond Ackermans’ wealth can be attributed to his investment and endorsement of the cryptocurrency. We decided to check whether these rumors have any value.
How many Pick n Pay stores does Raymond Ackerman have?
The Pick N Pay Group is a supermarket chain with more than 870 stores in South Africa.
Zimbabwe and Australia. In South Africa, Pick N Pay faces the toughest competition from Shoprite Group and Woolworths. Recently, the Food Lovers Market has also proven to be a growing competitor. Ackerman is known as a consumer champion. Although he no longer has managerial responsibilities at Pick N Pay, he and his family own approximately 48% of the shares. Ackerman’s son Gareth is now the chairman of the board and Richard Brasher is the CEO. In 2018, Pick N Pay’s estimated revenue was set at R83.5 billion.
Raymond Ackerman has a long list of awards
Raymond Ackerman received an honorary doctorate from Rhodes University in 1986. In 2001 his alma mater, UCT, awarded him an honorary doctorate in commerce. He was voted 79th among the top 100 great South Africans in 2004. He was also named the only South African among the 100 greatest business leaders in the world by the Financial Times. Raymond and his wife, Wendy Ackerman, received the 2010 David Rockefeller Bridging Leadership in Africa Award from the Synergos Institute. Raymond Ackerman also founded the Raymond Ackerman Academy (RAA) in 2005. This academy offers teens a six-month full-time entrepreneurship development training program and is run twice a year by the UCT Graduate School of Business.
Did cryptocurrency investments add to Ackerman’s fortune?
No. Raymond Ackerman made most of his fortune by owning the Pick N Pay retail chain, which has since grown exponentially. As mentioned earlier, Pick N Pay’s estimated revenue is set at R83.5 billion. Pick N Pay owns 49% of the Zimbabwean supermarket business. The company employs more than 38,000 people and does business under the Boxer brand in South Africa and Swaziland. There are also shops in Australia. We have found no evidence to suggest that Raymond Ackerman invested in cryptocurrency, nor has he endorsed cryptocurrency.
Who will accept Bitcoin as payment in 2021?
A Survey conducted by HSB in 2020 found that 36% of small and medium-sized businesses in the US are now accepting bitcoin. These companies include Wikipedia, Microsoft, and AT&T. Burger King Venezuela is also reported to have partnered with Cryptobuyer to accept cryptocurrency as a means of payment. Customers have the option to pay in Bitcoin, Dash, Litecoin and Ethereum. There have also been reports of several subway branches accepting Bitcoin as payment for their sandwiches. PayPal now enables its users to accept and hold Bitcoin. World-renowned automaker Tesla recently announced that it has bought $ 1.5 billion worth of Bitcoin and that it will soon allow its customers to pay for their electric vehicles with Bitcoin soon.
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There are many more companies that have adopted Bitcoin as a payment option for goods and services, but cryptocurrency still has a long way to go as many countries are still not accepting cryptocurrency. We assume that this will change in the near future.
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