Christoffel Wiese Net Worth is$3,700 $Million
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Birth Date: 1941/9/10
Birth Place: South Africa
Residence: Brackenfell, Cape Town, South Africa
Nationality: South Africa
Known For: For being a self-made millionaire in the consumer retail industry during Africa's formative years
Occupation: Businessperson
Christoffel H. Wiese, BA, LLB (born September 10, 1941) is a veteran business leader from South Africa. His source of wealth is consumer retail. Wiese attended the Stellenbosch University in Stellenbosch, South Africa and was a resident there. His matriculation was spent at Paarl Boys' High School in the Western Cape region of South Africa.
Wiese is married and has three children.
Wiese is worth $3.1 billion and is the Executive Director of South African retail giant Shoprite (JSE: SHP). Other known accomplishments in Christoffel's career includes being a chairman of Invicta Holdings Limited (but without executive powers) starting in 2006. Wiese has become the 11th most successful businessman in his chosen fields of industry (accounting, banking, finance, consumer goods, fashion, and retail) and the 69th most successful person in South African history.
Under his leadership, Shoprite started out as a chain of eight supermarkets in Cape Town that was purchased for 1 million Rand (equivalent to $122,000 USD) which eventually blossomed into the multi-billion dollar business status it enjoys today thanks to various acquisitions and innovative 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 franchising new locations for Shoprite department stores. He also purchased the struggling OK Bazaars from South African Breweries for one rand 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, Christoffel owns more than 1200 corporate outlets under various names. Shares of Shoprite have skyrocketed by 50% on the South African national stock market from March 2011 to March 2012; leading to Wiese making a hef

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Christoffel Wiese Latest News

Argos bid gatecrasher Steinhoff International under tax scrutiny in Germany

The renownedUK retailer is close to Steinhoff’s major shareholder Christoffel Wiese, whose Pepkor is backing Mr Bond’s discount clothing chain Pep & Co. Mr Bond declined to comment but one source confirmed he was acting as Mr Wiese’s “eyes and ears”.
Posted: February 21, 2016, 4:04 pm

Fidelity Bank Partners Africa’s Young Entrepreneurs on Youth Empowerment Nume Ekeghe

Prominent business leaders and organisations expected to attend the conference include the majority shareholder in Africa’s largest retail chain, Shoprite Holdings, Dr. Christoffel Wiese, Africa’s richest woman, Mrs. Folorunso Alakija, former President ...
Posted: November 22, 2017, 7:48 pm

Steinhoff International to Buy Pepkor of South Africa for $5.7 Billion

As part of the transaction, Steinhoff will acquire a 92.3 percent stake in Pepkor from companies controlled through a family trust by Christoffel Wiese, a Steinhoff director; the investment company Brait Mauritius; and Pepkor’s management. The remaining ...
Posted: November 24, 2014, 9:18 pm
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