The South African who dropped out of university, joined the military, and then became a billionaire

• Malcolm Calisto's technology company, Karooooo Ltd, had a market capitalisation of approximately $1.92 billion (R31.5 billion) in October 2026, valuing his reported 58% equity stake at around $1.11 billion (R18.3 billion).
• Calisto dropped out of university twice and completed compulsory military service before building his company, which provides vehicle tracking, fleet management, data analytics and software services to businesses operating across multiple countries.
• Cartrack was listed on the Johannesburg Stock Exchange (JSE) in 2014, giving investors an opportunity to buy into the growing business.