Raymond Ackerman is perhaps best known for his successful ventures into the world of business and philanthropy. He is based in South Africa and is the current owner of Pick n Pay, which is a supermarket-based chain store, and he had purchased the chain in 1966 from Jack Goldin. Thanks to his efforts and consistent effort, Raymond has managed to earn a place for himself in the list of the top 50 richest individuals in South Africa. Furthermore, it is said that he as an approximate net worth of $500 million, thus making him one of the richest people not just in Africa but the entire world.
As such, many are wondering if the millionaire has any plans of investing in Bitcoin. This led many to speculate about his past interests in the world of cryptocurrency, as there have been rumours in the past that much of his accumulated wealth may, in fact, be due to steady investments in digital trading over the years, in addition to his regular earnings.
Is cryptocurrency mainly responsible for Raymond’s wealth?
Long story short, Raymond Ackerman earned the majority of his earnings and wealth through his Pick n Pay stores, and not necessarily through cryptocurrency itself. Not only is the revenue earned through this chain close to R83.5 billion, but it has also expanded dramatically as of late.
In fact, it has even penetrated the Zimbabwean supermarket scene (actually owning 49% in shares). In addition, they also now have stores in Australia, and so it is easy to understand just how Raymond was able to earn so much. Therefore, it is difficult to say that he had earned anything of note through digital trading and cryptocurrency.
Future of Bitcoin and Raymond’s interest in cryptocurrency
At the time of this writing, Raymond has not expressed any interest in investing in cryptocurrency, nor has he endorsed Bitcoin, Ethereum, or any other crypto platform or blockchain. As many businesses have already invested in or at the very least expressed interest in investing in cryptocurrency, including but not limited to Wikipedia, Tesla, AT&T, and Microsoft, time will only tell whether Raymond will change his mind in the near future. This just speaks to the impact that cryptocurrencies such as Bitcoin have had, and this is likely to continue for the time being.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
