- Gordon Schachat
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Gordon Schachat Born January 25, 1952
Johannesburg, Gauteng, South AfricaOccupation Businessman Known for Gordon Schachat collection, ABIL Spouse Pamela Schachat (present)
Jani Allan (1982-1984)Children 3 sons Gordon Schachat (born January 25, 1952) is a South African businessman and prominent art collector.[1] He is featured regularly on the Sunday Times Rich List.[2]
Contents
Personal life
Schachat met his first wife at university,[2] the former Sunday Times columnist Jani Allan and married her in Mauritius in 1982.[3] She makes an acknowledgement to him in her book Face Value.[4] The marriage ended in 1984 and the two remained on friendly terms. In 1992 Schachat supported Allan's testimony in the libel suit she brought against the British broadcaster Channel 4.[3] He later remarried and had three children with his wife Pamela.[5]
Career
Schachat was recently ranked as the 71st wealthiest person in South Africa in the Sunday Times Rich List.[6]
Schachat has held a number of directorships during his business career. Schachat's early business background was in housing development, serving nine years with the Schachat housing group. Since the 1980s he spent 13 years in private equity and investment banking. This was followed by the establishment of Boabab Solid Growth Ltd, a precursor to the 1998 establishment of African Bank Investments Limited, which Schachat is an original founder and architect of. Schachat currently serves as a director of the company as well as the Executive Deputy Chair.[7][8]
In 2007 Abil's R10.6 billion all-share offer for Ellerines funrniture giant was approved.[9]
Abil is listed on the JSE[10] and is South Africa's biggest mass-market lender and recently issued a $54.81 million (550 million rand) senior unsecured bond.[11]
Art collection
The Gordon Schachat collection was premiered at the 2009 Joburg Art Fair. The collection hosted the most prominent piece of the festival Security by Jane Alexander and Tumela Mosaka.[12] Schachat's private art collection includes works by Robin Rhode.[13] He displayed works by Rhode in the 2008 Joburg Art Fair.[14]
Schachat's collection also includes works by the South African painter Alexis Preller. He is currently sponsoring a forthcoming book by art historian Esme Berman on Preller.[1][15]
References
- ^ a b [1] Art info. 10 April 2009
- ^ a b [2] Daily Mail. 16 April 2010
- ^ a b [3] The Independent. 28 July 1992
- ^ Allan, Jani (1980s). Face Value. Longstreet.
- ^ [4] Who's Who
- ^ [5] Business Times. 30 November 2008
- ^ [6] African Bank Investments Limited
- ^ [7] Fin 24. 14 November 2006
- ^ [8] Fin 24. 4 December 2007
- ^ [9] Share Net.
- ^ [10] Reuters. 17 February 2009
- ^ [11] Mail & Guardian. 3 March 2009
- ^ [12] Art info. 18 June 2008
- ^ [13] Sowetan. 14 February 2008
- ^ [14] South African Art Times. 7 April 2009
Categories:- 1952 births
- Living people
- South African businesspeople
- Kearsney College Old Boys
- University of the Witwatersrand alumni
- South African Jews
- People from Johannesburg
- South African art collectors
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