Age, Biography and Wiki
Rael Levitt was born on 10 May, 1971 in United States, is a South African auctioneer. Discover Rael Levitt's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 52 years old?
We recommend you to check the complete list of Famous People born on 10 May.
He is a member of famous with the age 52 years old group.
Rael Levitt Height, Weight & Measurements
At 52 years old, Rael Levitt height not available right now. We will update Rael Levitt's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
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Not Available |
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Not Available |
| Eye Color |
Not Available |
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Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Not Available |
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Rael Levitt Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Rael Levitt worth at the age of 52 years old? Rael Levitt’s income source is mostly from being a successful . He is from United States. We have estimated Rael Levitt's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
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Not Available |
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Rael Levitt Social Network
Timeline
Rael Levitt (born 10 May 1971) is an entrepreneur, author and business leader from South Africa.
He is a double master's degree graduate from the UCLA Anderson School of Management and the National University of Singapore.
Levitt founded multiple real estate, investment and asset management companies.
He is best known for developing both auctions and logistics parks in Southern Africa.
While studying at the University of Cape Town, Levitt sold his first property in 1989.
In August 1992, he conducted his first auction on behalf of Absa Bank Ltd and at the age of 21 founded his first auction company, Levco Auctions.
Three years later Levitt sold Levco Auctions to Seeff Holdings Ltd and merged the two companies.
Levitt was appointed CEO of the merged company that was renamed Seeff Auctions.
After the delisting of Seeff Holdings Ltd in 1998, Levitt completed a management buyout of Seeff Auctions, renamed the company Auction Alliance and became its CEO.
In 2006 Auction Alliance sold a 25.1% stake to Amabubesi Investments and in 2010 a 31% stake to Transaction Capital.
By 2010 Auction Alliance's turnover was over R300 million, with sales of over R6 billion.
In 2010 Levitt was appointed as the Chairman of YAD.
He was appointed a trustee of the Rambam Trust, a board member of Glendale care services and the United Jewish Campaign.
Levitt is the founding trustee of the Red Circle Trust, which focuses on entrepreneurial educational development.
In 2011, after a well-publicized dispute arose at an auction, Levitt voluntarily closed Auction Alliance.
In 2012, Levitt acquired a bankrupt Pomegranate orchard at the Bonathaba Farms in Wellington, Cape Town and renamed it Superpom SA.
The company became South Africa's largest pomegranate exporter and Levitt became a non-executive Chairman of the company.
In 2017 Levitt founded Inospace, an owner and manager of serviced industrial and logistics parks.
The company began with one industrial park in Epping, Cape Town and grew through acquisitions.
Under Levitt's leadership, Inospace grew its assets in South Africa and the United Kingdom to over R3billion.
In 2022 Inospace concluded a R1,25billion transaction with Fortress REIT Ltd. In 2023 the company branched into the logistics sector offering outsourced warehousing and fulfilment services to e-commerce businesses
Levitt is a founding shareholder of Lift Airline, which launched on 10 December 2020.
Lift operates on major domestic routes from O. R. Tambo International Airport, Johannesburg using a fleet of Airbus A320 narrow body aircraft, operated by Global Aviation.
Levitt is a non-executive director of the airline.
It Takes a Tsunami (2022), published by Mercury.
