186:: SHP). Wiese has been chairman of Invicta Holdings Limited since 2006. Wiese formerly was the 11th-most successful businessman in his chosen fields of industry (accounting, banking, finance, consumer goods, fashion, and retail) and previously was the 69th-most successful person in South African history.
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in 1997; inserting 157 supermarkets and 146 furniture stores to the company and adding jobs to the area. In 2011, Wiese's
Shoprite stores were considered to be the sixth overall favourite brand, with a third-most valued brand in terms of community upliftment in South Africa. In addition to Shoprite,
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to the South
African investment firm Brait, owned by Wiese. The sale price will be £682 million for an 80% stake, valuing the business at £1.3 billion, including debt, and the transaction should be completed in summer 2015, and the company will continue to operate under the Virgin Active brand.
158:(equivalent to $ 122,000 USD) which grew into a multibillion-dollar business due to various acquisitions and expansion strategies made in the first 30 years of operations. After playing a role in helping Shoprite acquire distributor Senta, Wiese started expanding his business into
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Wiese faced a legal battle to recover $ 1 million that he was carrying while boarding a flight from
England to Luxembourg in 2009. This amount was confiscated by customs officers as the sum was in hard cash bundled up in rubber bands in his luggage.
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Wiese owns more than 1,200 corporate outlets under various names. Shares of
Shoprite rose by 50% on the South African stock market from March 2011 to March 2012, with Wiese making a $ 1.5 billion profit.
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Wiese had a net worth of US$ 6.8 billion, but as of
December 2017 is reported to be worth only $ 742 million. He is the executive director of South African retail giant
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Wiese is married to Caro, lives in Cape Town and has three children. His son Jacob Wiese works for Pepkor and is expected to take over from him when he retires.
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220:. Wiese suffered a huge financial loss when the share price crashed and in March 2019 announced he was making a 4 billion dollar claim against Steinhoff.
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Wiese was formerly chairman and largest shareholder (about 20% following the sale of his company Pepkor to
Steinhoff in 2014) of
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238:, with 48 rooms. He later sold the property to a foreign investment firm for an undisclosed sum on 7 March 2012.
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216:, a German-listed furniture conglomerate holding company, and resigned in 2017 in the wake of the Steinhoff
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since becoming the chairman there in 1981 and starting out as an executive director for the retail store
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789:"This Is What Happens When A Billionaire Tries To Get On A Plane With $ 1 Million Cash In His Luggage"
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Wiese bought a South
African farm dating back from the 19th century in 1991, and converted it into a
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After university, Wiese practised law at the Cape Bar for some years before working as a
Director at
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323:"investing.businessweek.com/research/stocks/people/person.asp?personId=8364021&ticker=IVT:SJ"
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from 1967 to 1973. Pepkor is a discount store in South Africa that was founded in 1965.
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new locations for
Shoprite department stores. He also purchased the struggling
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353:"Wiese loses billionaire status as Steinhoff continues massive sell-off"
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South Africa’s third wealthiest man owes the taxman $ 250 million
703:"South Africa's Steinhoff to Buy Mattress Firm for $ 3.8 Billion"
667:"Steinhoff ex-chair Christo Wiese open to talks over $ 4bn claim"
685:"Steinhoff chairman Christo Wiese resigns amid accounts scandal"
143:, the discount clothing chain that his parents helped to found.
190:
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80:
727:
642:"Virgin Active stake sold to South Africa's Brait for £682m"
472:"Meet South African Billionaire Christo Wiese, Mr. Shoprite"
99:(born 10 September 1941) is a South African businessman and
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Cheetham, Joshua; Palumbo, Daniele (19 December 2017).
246:As of August 2012, it was reported that Wiese owed
265:Wiese owns various properties including a private
204:and their private equity backers had sold 80% of
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150:started out as a chain of eight supermarkets in
16:South African businessman and former billionaire
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223:
420:Article about the richest men in South Africa
131:, from where he received BA and LLB degrees.
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103:. His source of wealth is consumer retail.
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564:"Steinhoff investors decide fate of firm"
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287:South African Council of Shopping Centres
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617:. Bloomberg Businessweek. Archived from
615:"Bloomberg Businessweek: Pepkor profile"
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728:Lanzerac Manor & Winery information
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528:"Shoprite Holdings Geographical Spread"
273:and the prestigious wine producer, the
250:an estimated R2 billion in back taxes.
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119:region of South Africa. He studied at
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200:In April 2015, it was reported that
303:List of South Africans by net worth
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740:Wiese sells Lanzerac to foreigners
14:
871:
825:Alumni of Paarl Boys' High School
470:Nsehe, Mfonobong (24 July 2012).
291:Pioneer of the 20th Century Award
289:awarded him with the prestigious
154:that was purchased for 1 million
640:Kollewe, Julia (16 April 2015).
257:
780:
767:"Christo Wiese's R2bn tax bill"
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850:Stellenbosch University alumni
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111:Wiese was born and grew up in
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835:Businesspeople from Cape Town
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840:South African businesspeople
97:Christoffel F. Hendrik Wiese
7:
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283:Business Leader of the Year
235:Lanzerac Manor & Winery
224:Lanzerac Manor & Winery
10:
876:
845:South African billionaires
530:. Shoprite. Archived from
504:. Shoprite. Archived from
281:awarded with the title of
189:Wiese owns a 44% share of
70:University of Stellenbosch
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709:. Reuters. 8 August 2016
79:Chairman and 44% owner,
600:20 January 2012 at the
425:5 February 2013 at the
242:Financial controversies
214:Steinhoff International
168:South African Breweries
129:Stellenbosch University
121:Paarl Boys' High School
60:Paarl Boys' High School
146:Under his leadership,
508:on 19 September 2008
25:Christoffel H. Wiese
534:on 4 September 2011
443:"Christoffel Wiese"
374:"Christoffel Wiese"
279:Cape Town Sakekamer
552:businesstech.co.za
408:career information
333:on 12 January 2015
275:Lourensford Estate
218:accounting scandal
787:O'Connor, Clare.
730:at Lanzerac.co.za
621:on 5 October 2012
594:Christoffel Wiese
406:Christoffel Wiese
127:. Wiese attended
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41:10 September 1941
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855:Afrikaner people
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602:Wayback Machine
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271:Kalahari Desert
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66:Alma mater
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258:Personal life
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206:Virgin Active
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43:(age 83)
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796:. Retrieved
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671:Business Day
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649:. Retrieved
646:The Guardian
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619:the original
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532:the original
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506:the original
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331:the original
327:BusinessWeek
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267:game reserve
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202:Virgin Group
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125:Western Cape
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820:1941 births
772:19 December
573:19 December
538:9 September
452:4 September
358:11 December
160:franchising
101:billionaire
814:Categories
383:31 January
309:References
285:while the
164:OK Bazaars
107:Early life
37:1941-09-10
860:Wilgenhof
502:"History"
481:8 January
337:8 January
230:five-star
152:Cape Town
56:Education
742:at Fin24
713:9 August
651:16 April
598:Archived
568:BBC News
512:25 April
423:Archived
297:See also
180:Shoprite
172:one rand
148:Shoprite
113:Upington
87:Children
48:Upington
707:Fortune
625:31 July
269:in the
232:hotel,
123:in the
115:in the
798:9 July
793:Forbes
476:Forbes
447:Forbes
378:Forbes
277:. The
191:Pepkor
141:Pepkor
135:Career
81:Pepkor
166:from
800:2017
774:2017
715:2016
653:2015
627:2010
575:2017
540:2011
514:2008
483:2015
454:2017
385:2024
360:2017
339:2015
248:SARS
170:for
156:rand
31:Born
195:Pep
184:JSE
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