{"id":233276,"date":"2021-08-09T17:45:14","date_gmt":"2021-08-09T16:45:14","guid":{"rendered":"https:\/\/buzzsouthafrica.com\/?p=233276"},"modified":"2023-01-30T18:05:21","modified_gmt":"2023-01-30T17:05:21","slug":"contributors-to-vivian-reddys-net-worth-his-house-and-luxury-cars","status":"publish","type":"post","link":"https:\/\/buzzsouthafrica.com\/contributors-to-vivian-reddys-net-worth-his-house-and-luxury-cars\/","title":{"rendered":"Contributors to Vivian Reddy\u2019s Net Worth and Luxury Cars"},"content":{"rendered":"

Vivian Reddy’s net worth is estimated at $3 million. He is a South African business tycoon of South Indian descent and founder of the Edison Group and with his wealth, he is able to afford some of the choicest things in life, including a <\/strong>Rolls Royce Ghost, a <\/strong>Bentley Continental GT, and a Jet among other things.\u00a0<\/strong><\/p>\n

Vivian Reddy is a name that strikes a chord when you come to South Africa and Africa as a whole. His company is the largest electrical company in South Africa, with many products worth billions of Rand in South Africa and beyond. With his numerous businesses, Vivian Reddy\u2019s net worth is estimated at $3 million.<\/p>\n

Vivian Reddy’s Net Worth Is Inspiring Despite His H<\/b>umble Beginning<\/b><\/h2>\n

The South African-born billionaire is not without a humble beginning. He had his own share of struggles and setbacks. But he never allowed any to deter him from attaining the height he has today. The youngest of nine children, he grew up in the poorest neighborhood of Durban, on South Africa\u2019s east coast. His father was a school teacher who earned $3.70 monthly back in the 1950s.<\/p>\n

Reddy being a young boy, grew up having to fight for his right amongst nine children. He has this to say \u201cTimes were really tough. And when you\u2019re one of nine siblings, you\u2019re always fighting for things. Those were humble beginnings.\u201d The situation wasn\u2019t funny at all for him. With this experience, he knew he just needed to stand out. This toughened him and prompted his decision to succeed in life. He joined the Boy Scouts at age 12.<\/p>\n

Reddy confessed that it was an organization that helped him shape his future. Age 16 is a significant stage in the life of the billionaire, and at this age, he got to known about astronaut Neil Armstrong<\/a>, the first scientist to visit the moon. He became his life-long inspiration.<\/p>\n

\"Vivian<\/a>
Vivian Reddy<\/figcaption><\/figure>\n

He Started Edison Group with R500<\/strong><\/h3>\n

Have you ever wondered how a black man can be this resilient and hard-working? The story and growth of Vivian Reddy\u2019s net worth embody the answer. He is a story of rags to riches, achieved through hard work and determination. Reddy didn\u2019t leave any stone unturned in achieving his riches. He made sure to walk majestically out of poverty.<\/p>\n

The trailblazer started his company, Edison Group, with R500 and a bakkie. But today, the rest is history. Edison Power Group is the largest electrical company in South Africa, employing more than 2000 people with a multibillion Rand turnover. Since the inception of Edison Power Group, Vivian Reddy has made billions from his company\u2019s interests in energy, healthcare, financial services, casinos, and property development.<\/p>\n

Edison Group was Discriminated Against for Vivian Being Indian<\/strong><\/h3>\n

You might be wondering how the name came by, Edison! It was coined by the inventor of the electric light bulb Thomas Edison. His company, Edison Group, was born out of diverse challenges and pressure. As a trained electrician, he got his first job with an electrical company in Pietermaritzburg, 60 kilometers north of Durban.\u00a0Little did he know that he was going to be fired by his white managers.<\/p>\n

Reddy couldn\u2019t stand the ill-treatment meted out on other black workers. This made him fight his white managers, leading to his being fired. This happened in the late 90s during the Apartheid<\/a> regime.\u00a0Reddy angrily told the managing director that one day, he would own an electrical company bigger than his, not minding his financial status at the moment. Reddy wouldn\u2019t give in to despair.<\/p>\n

He hunted for a job for some time, and when he couldn\u2019t secure one, he decided to open his own company, Reddy Electrical.\u00a0Vivian Reddy\u2019s early stages in business were hard, and life dealt him with different blows<\/a>. After losing many contracts, he soon discovered his Indian name Reddy was actually the main challenge in his business. Due to the apartheid regime in South Africa, the whites didn\u2019t consider him.<\/p>\n

Having known this, Reddy thought to do something weird. Since his firm was into electricals, he decided to rename it after the inventor of electricity, Thomas Edison. This shows how smart and forward-thinking the entrepreneur is. This leap paved the way for him, and he had to disguise himself as a white man to win contracts.<\/p>\n

Vivian Reddy’s <\/strong>First Contract with Edison was Worth $5,300<\/strong><\/h3>\n

Reddy\u2019s first contract was an electrical installation worth $5,300. This was like compensation for him because he just got married to his wife, Mogi Naidoo, and their honeymoon was soon to begin. Reddy sprung into action, working tirelessly to impress his client. And oh! The contract was terminated almost immediately when the company went into liquidation. Reddy saw his whole world crumbling; he couldn\u2019t believe this was happening before his very eyes. He learned to be a good businessman the hard way.<\/p>\n

Going by the unfortunate experience, Reddy had to battle with paying off his accumulated debt over the years. Many of his debtors didn\u2019t spare him, and he had it rough with some of them. But only one company stood by him, of which he confesses that he still does business with them and has given them contracts worth billions.<\/p>\n

His Business Blossomed as the Apartheid Reign Waned<\/strong><\/h3>\n

Reddy\u2019s business eventually kicked off in the early 1990s, towards the end of Apartheid. During this period, Nelson Mandela<\/a>, the African National Congress<\/a> (ANC) leader, gained his freedom, and President Jacob Zuma<\/a> returned from exile. Reddy\u2019s friendship with Zuma became closely kneaded. This contributed immensely to his business together with the ANC.<\/p>\n

Though billionaire Reddy has been tongue-lashed for romancing with politicians, many claimed he is using their influence to gain favor for his company. Still, he silenced them by making them understand that he is excellence personified. His company doesn\u2019t lobby its way to the top; they are good and seek to excel at all they do. In his words, \u201cWe win tenders because we are good at what we are doing. We are the largest electrical company in the country.\u201d<\/p>\n

Vivian Reddy had a goal, and his goal was to be the biggest and best in Africa. \u201cI have achieved my dream by working towards a policy I called BABA, which stands for biggest and best in Africa. We are very dependable.\u201d He proudly spoke about his company. Today, Edison Corporation has won the admiration of many, and his employees love working with him because he\u2019s one such boss that invents building solid human relationships. He\u2019s one of South Africa\u2019s most valuable ambassadors, calling people to come to South Africa to invest.<\/p>\n

Companies that have Emerged from Edison Group<\/strong><\/h2>\n
\"Vivian<\/a>
Vivian Reddy during Edison Power Group 40th birthday celebration<\/figcaption><\/figure>\n

The South Africa-born billionaire has over the years acquired notable companies he has made strong and dependable. It was indeed a long journey and a dream come through for him.<\/p>\n

Vivian Reddy\u2019s Casino, Monte Vista Business<\/strong><\/h3>\n

When it comes to gambling, the South African Indian is a lover of gambling. In 1999, he opened his first casino, Monte Vista, in his home province KwaZulu-Natal in Durban. But before he started, people laughed and mocked him. They didn\u2019t know how he was going to manage the business. However, Reddy caught them all by surprise when he chose to partner with an international management company. His bid scored the highest score, and he won the license.<\/p>\n

With Vivian Reddy\u2019s net worth, nothing is impossible. He sees possibilities even in the worst cases. Over the decade, he has opened multi-million-dollar casinos in Durban, Suncoast, and Sibaya, with interest in many others. The billionaire is soon stepping out to other countries like Uganda, Tanzania, Nigeria, Kenya, and Zimbabwe to establish more casinos. This is a man with dogged determination.<\/p>\n

Vivian Reddy Has Several Real Estate Investments<\/strong><\/h3>\n

As with all businessmen, Reddy is not altogether satisfied, and he keeps longing for more. This led to his investment in the real estate business. He seems to be seeing what many are blind to. He said that investing in real estate isn\u2019t as difficult as people see it. To him, great opportunities lie all over Africa, and people need to go out and grasp them.<\/p>\n

He recently built a $53 million shopping mall in Newcastle, and he is about to conclude on a posh shopping, office, medical, hotel, and residential complex outside Durban. The billionaire is sure moving with the speed of light.<\/p>\n

Reddy\u2019s Philosophy and Principles in Life<\/strong><\/h2>\n

Life itself is governed by principles, when strictly followed, brings out the best in an individual. Reddy is governed by his principles. What has helped him reach new horizons is his philosophical principles. The billionaire constantly seeks improvement in all areas of his life. Be it business, sports, or private life. No wonder his successes. He seems to have no traces of \u2018impossibility\u2019 in his dictionary. With Vivian Reddy\u2019s net worth, whatever he seeks to improve, he\u2019s sure to get it done. He says today must be better than yesterday, and tomorrow better than today. This principle is the mantra of his business.<\/p>\n

A Look At Vivian Reddy\u2019s Cars<\/strong><\/h2>\n

The philanthropist has not left out spending on himself and his family.\u00a0Vivian Reddy has a fleet of luxury cars believed to include Rolls Royce Ghost, and a Bentley Continental GT, all parked in his garage. He is also believed to own a Rolls Royce Shadow and Rolls Royce Spur.<\/p>\n

Rolls Royce Ghost\u00a0<\/strong><\/h3>\n

\"Vivian<\/a><\/p>\n

Features<\/strong><\/h4>\n