Christoffel Wiese
#2174

Christoffel Wiese

South Africa 84 years old Self-Made

Overview

Source of Wealth
retail
Residence
Cape Town
Organization
Chairman at Shoprite Holdings
Education
University of Stellenbosch (Bachelor of Arts/Science)
University of Stellenbosch (LLB)
Marital Status
Married
Children
3

Assets

  • Brait SA
    1,515,403,000 shares @ -
    -
    BAT-ZA
  • Invicta Holdings Limited
    42,687,000 shares @ -
    -
    IVT-ZA
  • Pepkor
    158,184,000 shares @ -
    -
    PPH-ZA
  • Premier Group Services
    40,605,000 shares @ -
    -
    PMR-ZA
  • Shoprite Holdings Ltd.
    26,176,000 shares @ -
    -
    SHP-ZA
  • Tradehold Limited
    133,537,000 shares @ -
    -
    CPP-ZA

Biography

Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa, later expanding 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.

About

Wiese's father owned a sheep and cattle farm and a car dealership.

Wiese studied law at Stellenbosch University but switched gears to go into business.