Gary Patrick Porritt (born 1951 or 1952) is a South African former business magnate and convicted felon. He was the Chief Executive Officer of Tigon, which was once the most successful company on the Johannesburg Stock Exchange, but was arrested in 2003 and jailed in 2017 for embezzling funds.[1]
Gary Porritt | |
|---|---|
| Born | 1951 or 1952 (age 72–73) |
| Nationality | South African |
| Alma mater | University of Natal (BCom) |
| Occupation | Businessman |
| Employer | Tigon |
| Spouse | Bernice Knight |
| Children | 4 |
Porritt had offshore accounts in Panama, which were revealed during the 2016 Panama Papers document leak, as well as accounts in the British Virgin Islands.[2]
His father, Douglas Barrington Porritt (1925 - 2008), a prominent real estate developer, set up the Garry Porritt Children's Trust. Through this, Porritt owned and operated successful farms in the Midlands of KwaZulu-Natal.[3][4]
Despite his claims to be penniless and unable to afford legal aide,[5] South African courts have estimated his fortune at ZAR100 Million (US$5.2 million.)[6]
References
edit- ^ Tauriq, Moosa (14 March 2023). "Jailed former CEO Gary Porritt loses bid to privately prosecute Sars". BusinessLIVE. Retrieved 2024-02-20.
- ^ "Panama leaks unveil Porritt's secret web". Mail & Guardian. 2016-04-04. Retrieved 2024-02-20.
- ^ Houdini, Harry (2012-02-10). "Modern-day Houdini". 2024-03-02. Retrieved 2024-02-20 – via PressReader.
- ^ "Porritt in urgent bid to get out of jail". Moneyweb. 2022-12-09. Retrieved 2024-02-20.
- ^ Slabbert, Antoinette (2017-11-09). "Porritt's children might end up paying for his defence". The Citizen. Retrieved 2024-02-20.
- ^ Slabbert, Antoinette (2017-08-28). "Porritt is a R100-million man, state says". The Citizen. Retrieved 2024-02-20.
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