Christoffel Wiese

Chairman, Shoprite Holdings

$1.32B

$14.3M (-1.1%)

as of 07/02/24

About Christoffel Wiese

Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa, and expanded into other African countries.

In 2015, South Africa-based furniture retailer Steinhoff International spent $5.7 billion in cash and stock to acquire Pepkor.

He stepped down as Steinhoff chairman in December 2017 after the company disclosed accounting irregularities. Its share price plummeted and Wiese lost his billionaire status.

Wiese regained his 9-figure fortune 2022 when he settled his dispute with Steinhoff for cash and stock, including a 5% stake in Pepkor.

His most valuable asset is Shoprite, but he also holds stakes in real estate firm Collins Property Group, investment holding company Brait and industrial products distributor Invicta Holdings.

In March 2023, Brait spun off food manufacturer Premier Group in an IPO on the Johannesburg stock exchange; Wiese owns about 47% of the shares.

Personal stats

Citizenship

South Africa

Source of wealth

retail

Residence

Cape Town, South Africa

Marital status

Married

Birth date

09/10/41 (age 82)

Number of children

Education

Bachelor of Arts/Science, University of Stellenbosch; LLB, University of Stellenbosch

Self-made

self-made