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Christoffel Wiese

Christoffel Wiese

0% | $ 0M
C. Wiese
Rank
#0
Net Worth
$00.0B
Gender
Male
Age
84Y
Country
South Africa
Born On
September, 1941
Deceased
No
Relationship Status
Married
Children
3
Education

Stellenbosch University - Bachelor Of Laws

Designation Info :

Self-Made
Yes
Type
Self-Made (Retail)
Organization Name
Shoprite Holdings
Title
Shareholder
Source

Shoprite, Pepkor

Industry
Retail, Food & Beverage, Investments

About C. Wiese


C hristoffel "Christo" Wiese is a South African retail magnate who built a massive fortune over several decades. He is best known for building the Shoprite Group into Africa's largest food retailer. He also controlled the discount clothing and furniture retailer Pepkor. At his peak, he was one of the wealthiest people in Africa, with a sprawling retail empire and a significant investment portfolio.

However, Wiese's fortune took a catastrophic hit in 2017 with the collapse of the international furniture retailer Steinhoff International, in which he was the largest shareholder and chairman. After a massive accounting fraud was revealed, Steinhoff's stock price plummeted, wiping out billions of dollars of Wiese's personal wealth almost overnight. Despite this massive setback, he has retained a portion of his fortune, primarily through his stake in Shoprite and other investments, and remains a significant, though diminished, figure in South African business.

Quick Reads


  • A South African retail tycoon who built Shoprite into the largest food retailer in Africa.
  • His fortune was decimated by the 2017 accounting scandal and collapse of Steinhoff International.
  • He was the largest shareholder and chairman of Steinhoff at the time of its collapse.
  • He also formerly controlled the discount retailer Pepkor.
  • Despite his losses, he retains a multi-billion dollar fortune from his remaining assets.

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