Christoffel Wiese (#2238)
The business has basically been built on one slogan: Low prices you can trust. Just very, very low everyday prices.
- $ 2 B
- retail
- South Africa
- M
- 84 Years
Rest in Peace Ask Jeeves, every search comes to an end
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About Me
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.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Christoffel Wiese’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Christoffel Wiese’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $1.9B
(May 4, 2026)
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