Christoffel Wiese’s profile picture

Christoffel Wiese

Chairman, Steinhoff International
Christoffel Wiese’s profile picture
Net worth 2018: $1.1 Billion
Residence: Cape Town, South Africa
Country: South Africa
BirthDay: 10 September 1941
Sigh: Libra
Children: 3
Education: Bachelor of Arts / Science, University of Stellenbosch; LLB, University of Stellenbosch
BIOGRAPHY

Christoffel Wiese was bornon 10 September 1941 in Cape Town, South Africa, South Africa, is Chairman, Steinhoff International. Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa, and expanded into other African countries. In 2015, South Africa-based furniture retailer Steinhoff International spent $5.7 billion in cash and stock to acquire Pepkor. Wiese stepped down as chairman of Steinhoff International in December 2017 after the company disclosed accounting irregularities. He also owns 18% of publicly-traded Shoprite Holdings, which has supermarkets and furniture stores in 15 countries across Africa. His other assets include stakes in private equity firm Brait, industrial products company Invicta Holdings and mining-sector investor Pallinghurst.

NET WORTH STATISTIC
2011

$1.6 Billion

2012

$3.1 Billion

2013

$3.5 Billion

2014

$3.2 Billion

2015

$6.3 Billion

2016

$5.8 Billion

2017

$5.6 Billion

2018

$1.1 Billion

The business has basically been built on one slogan: Low prices you can trust. Just very, very low everyday prices.

Christoffel Wiese
TIMELINE
2017

8 billion, but as of December 2017 is reported to be worth only $742 million

2016

As of August 2016, Wiese is also chairman and largest shareholder of Steinhoff International, a German-listed $22 billion furniture conglomerate

2015

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

2012

As of August 2012, it was reported that Wiese owed SARS an estimated R2 billion in back taxes

2011

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

2009

Wiese faced a legal battle to recover $1 million that he was carrying while boarding a flight from England to Luxembourg in 2009

2006

Wiese has been chairman of Invicta Holdings Limited since 2006

1997

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

1991

Wiese bought a South African farm dating back from the 19th century in 1991, and converted it into a five-star hotel, Lanzerac Manor & Winery, with 48 rooms

1981

Wiese owns a 44% share of Pepkor since becoming the chairman there in 1981 and starting out as an executive director for the retail store Pep from 1967 to 1973

1965

Pepkor is a discount store in South Africa that was founded in 1965

1941

Hendrik Wiese (born 10 September 1941) is a South African businessman and former billionaire

1936

Wiese is the 367th wealthiest person in the world and the third wealthiest person in South Africa

1200

In addition to Shoprite, Wiese owns more than 1200 corporate outlets under various names

20

The Cape Town Sakekamer awarded with the title of Business Leader of the Year while the South African Council of Shopping Centres awarded him with the prestigious Pioneer of the 20th Century Award

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