During his time with Control Data in the early 80s, Serge Belamant successfully created the first scientifically driven financial system using only Control Data equipment. After this time he became a consultant for Bancorp, during which he created a 10-step program for analyzing risk and testing business sustainability. He was soon acquired by SASWITCH, a South African ATM company that had fallen on hard times. This was in large part instigated after sanctions were placed on it. As a result of his revolutionary innovations for them, SASWITCH was the second largest ATM company in the world by the end of the 80s.
In 1989 Serge Belamant made his biggest innovation for SASWITCH. This invention is now recognized as the earliest iteration of cryptocurrency technology. However, SASWITCH, which was owned by the banks of South Africa, opted not to use it since the banks feared that it was so good it would render their infrastructures useless. As a result of this, Belamant quit SASWITCh and started his own company called Net1 Technologies where he manufactured and sold Smart Cards with this technology. For its first few years, NET1 did not do that well. Its big breakthrough came in 1995 when VISA hired Serge Belamant to invent fraud software for them using his NET1 technology.
The result was Chip Offline Pre-authorized Card, which still remains in use by VISA. Things kept on getting better for that and they were soon listed on the Johannesburg Stock Exchange. In 1999 Net1 purchased and absorbed Cash Payment Services which paid welfare grants for the South African government. Net1 so excelled at his new role that its services in this area now also include Botswana, Burundi, Ghana, Iraq, Russia, and Namibia. By the turn of the millennium, Net1 was doing so well that by 2005 Net1 was securely listed as a public company on the NASDAQ in New York. During that same year, Serge Belamant was made the company’s Chairman and CEO in the tech world.
Sources of the article: https://www.marketscreener.com/business-leaders/Serge-Christian-Pierre-Belamant-05Q75R-E/biography/
Chris Burch has a great diversity of companies he invests in through his portfolio at Burch Creative Capital, a firm that lives up to its name by looking for business startups that venture into the creative side of home and lifestyle brands, organic foods and technology. Through working with these companies and from visiting many gift shops throughout his travels, Chris Burch has come up with ideas for gifts that are loved by both men and women. Some items he’s mentioned that anyone can purchase include a Trademark Cooper Cage Tote, a Zero-Gravity massage chair, Snowe Home candle sets and chocolates from stores like Fatty Sundays. Burch came a long way to get to where he is today in business.
Chris Burch actually founded his first company before he finished college and got most of the initial funding for it from his own sales. This company was a sweater sales business that he made profits on by buying sweaters at a factory for $10 and reselling them for $15, and it only took a few years before the demand was growing so high for his sweaters that Burch purchased his own factory and started opening stores. The company became a retail chain known as Eagle Eye Apparel which at its height was drawing in hundreds of millions in sales, and Burch later made $67 million when he sold it to The Swire Group (http://www.bjtonline.com/business-jet-news/billionaire-chris-burch). Following his exit of Eagle Eye Apparel, Burch started investing in other companies, some of which were internet startups in the Internet Capital Group’s portfolio and others were funded by Guggenheim Partners. He also owned and managed part of Tory Burch fashion until selling his shares in that company and then launching Burch Creative Capital.
Companies that have come through Burch Creative Capital include Powermat, C. Wonder, Next Jump, Actua, Voss Water, Poppin and Ellen DeGeneres’s ED brand. Check prnewswire.com. Burch began buying major residential and hotel properties around the mid-2000s such as a $14 million home in Southampton that was resold at $25 million, and being one of the key investors in the Faena Hotel + Universe. Burch eventually had the world’s top vacation resort built in 2013 when he and fellow investor James McBride bought Sumba Island property for $30 million and had it transformed into one of the most beautiful hotel villa areas (businessinsider.com). Burch also has sat on the boards of the Rothman Institute of Orthopedics and the Tilton private school.
Christopher Burch was born in the year 1953 and happens to have been the founder and also the chief executive officer of Burch Creative Capital which is a firm based in New York City and has been there to manage his venture investments and also brand development. He also happens to have been the co-founder of Tory Burch LLC which they co-founded together with his wife and by the year 2012, he had already been confirmed as a billionaire in the year 2012. He was evaluated by Forbes in the year 2012 and he was able to join the World’s Billionaires. His wealth was boosted by his investment at C. Wonder which pushed his net worth to over ten-figure mark. Some of his other investments include Guggenheim Partners.
Burch was also raised up in the famous Wayne in Pennsylvania by a middle-class family. He had caring parents and thus was very reluctant in his education.His father used to lease mining equipment and thus had a very great experience in life. According to bjtonline.com, in the year 1976, he joined Ithaca college but he had no interest in academic achievements. He was the business-oriented person and immediately started selling clothes while at the campus. He was able to sell clothes to every door to door and has really grown to greater heights. He has been on the frontline thinking about how best he can do his business. They were able to expand the company together with his brother and referred it to as Eagle’s Eye. The company later expanded to greater heights and he was able to open over 50 stories to many other places. They were able to expand greatly and later they sold part of it to Swire Group in the year 1989. They later sold the brand of the company at a value of $60 million. Check on prnewsire.com to know his new and follow on investments.
Additional article here.
In the year 2004, he and his wife Torry, Co-Founded another company known as Tory Burch LLC which was a huge investment. The wife was an experienced fashion designer and has a lot of experience in the field. He was given a chance to serve as the company’s co-chair and they both did very well in terms of helping the company expand. They have always volunteered their skills and experience towards making their business and better place. With time he was able to venture into other great fields of real estate investments. He was able to venture into the developing business and was able to own the best hotel in Indonesia. Take a tour to one of this best hotel in Indonesia, hop over to this link on businessinsider.com.
For contact details visit http://www.burchcreativecapital.com/contact/