The daughters of former dollar billionaire Christo Wiese- the man who owns the majority of Virgin Active international shares and Shoprite. Published Date: 2019-03-07 | Source: DailyMaverick | Author: Tim Cohen. 1 Jeff Bezos. This amount was confiscated by customs officers as the sum was in hard cash bundled up in rubber bands in his luggage. National Money. Tag: Christo Wiese. So, how much is Jacob Wiese worth at the age of 39 years old? He also owns 18% of publicly-traded Shoprite Holdings, which has supermarkets and furniture stores in 15 countries across Africa. Wiese's net worth is estimated at R13 billion ($1.1 billion). In 2013 he was among the world’s top 400 richest people, and in 2017 had an … Wiese is its chairman, executive director and top shareholder. File photo. Total net worth $ Last change $ YTD change. Chirsto Wiese of Johannesburg, South Africa is one of the richest men in the country. [8], South African businessman and former billionaire, South African Council of Shopping Centres, "investing.businessweek.com/research/stocks/people/person.asp?personId=8364021&ticker=IVT:SJ", "Wiese loses billionaire status as Steinhoff continues massive sell-off", Article about the richest men in South Africa, "Meet South African Billionaire Christo Wiese, Mr. Shoprite", "Steinhoff investors decide fate of firm", "Virgin Active stake sold to South Africa's Brait for £682m", "Steinhoff ex-chair Christo Wiese open to talks over $4bn claim", "Steinhoff chairman Christo Wiese resigns amid accounts scandal", "South Africa's Steinhoff to Buy Mattress Firm for $3.8 Billion", "This Is What Happens When A Billionaire Tries To Get On A Plane With $1 Million Cash In His Luggage", https://en.wikipedia.org/w/index.php?title=Christo_Wiese&oldid=994306810, Wikipedia articles with WorldCat-VIAF identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 December 2020, at 01:33. Less than a month after it settled a hefty R750m tax bill, industrial holding company Invicta, in which Christo Wiese is a major shareholder, could be in hot water again with the JSE. About Christoffel F. Hendrik Wiese South African businessman and CEO of Shoprite, Christoffel, or Christo as he's more commonly known, has an estimated net worth of $1.1 billion. Its been a tough four years for Wiese, now valued at just $255 million according to Bloomberg calculations. Jacob Wiese Net Worth. In the two months since Forbes published its 2015 list of Africa's 50 Richest, South Africa has lost two billionaires. He is from South African. She has an estimated net worth of $4.7 billion, making her the first female billionaire in South Africa. A record 2,208 Billionaires Made the 2018 List of the World’s Richest People. With a net worth of $1.3 billion, Koos Bekker also made the list. Christo’s net worth. The business tycoon Christo Wiese’s popular Brait SE – whose JSE share price has increased tenfold over the past five years – has boosted its net asset value in … After university, Wiese practised law at the Cape Bar for some years before working as a Director at Pepkor, the discount clothing chain that his parents helped to found. [7] Wiese attended Stellenbosch University, from where he received BA and LLB degrees. File photo. The third-richest man in South Africa, Christo Wiese of Shoprite has a net worth of $3.2 billion and Forbes ranked him 506th richest in the world. [14] Wiese owns various properties including a private game reserve in the Kalahari Desert and the prestigious wine producer, the Lourensford Estate. He attended the Paarl Boy’s SENIOR HIGH SCHOOL. Net Worth $3.5 Billion (R3 Billion) as of March 2013 Christo Wiese – South African Entrepreneur & owner of Shoprite, Africa’s largest retailer (Retail Mogul) Christoffel Wiese is a Non-Executive Chairman of Invicta Holdings Limited. 3 (Christina, Clare and Jacob) About Christoffel F. Hendrik Wiese South African businessman and CEO of Shoprite, Christoffel, or Christo as he's more commonly known, has an estimated net worth of $1.1 billion. Forbes compiled 20 inspiring and revealing quotes from such billionaires as Sheryl Sandberg and Sara Blakely to Li Ka-shing and Warren Buffett. © 2021 Forbes Media LLC. Christoffel Wiese net value: Christoffel Wiese is a veteran business innovator from South Africa who also has a net well worth of $5.4 billion. Christoffel Wiese net value: Christoffel Wiese is a veteran business innovator from South Africa who also has a net well worth of $5.4 billion. In 2017 he was worth R66 billion ($5.6 billion). South African billionaire retail mogul Christo Wiese is among bidders looking to acquire British Home Stores (BHS), a British department store chain. Wiese's father owned a sheep and cattle farm and a car dealership. Despite the financial loss that the business mogul suffered a few years back, according to Forbes Magazine's claim, Christo Wiese net worth as of November 2018 was $1.1B. Retailer Christo Wiese once had so much wealth it was impossible to imagine how he could spend it all. Wiese emphasised that Steinhoff‚ which operates in 33 different countries‚ was an immensely complicated business‚ with a multitude of subsidiary companies. Today, Wiese is the largest individual shareholder and chairman of retail giants Pepkor, Shoprite and Tradehold, and one of the continent’s most successful entrepreneurs, with a net worth … [15], Wiese was formerly chairman and largest shareholder (about 20% following the sale of his company Pepkor to Steinhoff in 2014) of Steinhoff International, a German-listed furniture conglomerate holding company, and resigned in 2017 in the wake of the Steinhoff accounting scandal. Following her wedding, Wiese bought Clare a R90 million mansion in the posh Cape Town suburb, Clifton. To install click the Add extension button. © 2021 Forbes Media LLC. [19] He later sold the property to a foreign investment firm for an undisclosed sum on 7 March 2012. Christo Wiese is a highly-respected businessman in South Africa whose influence cuts across the country and beyond. Shoprite is Africa’s largest retail, low-price supermarket chain. Christo Wiese Biography, Age, Wife, Family & Net Worth People Jan. 27, 2021. This 26th year of tracking global wealth was one to remember, with an all-time high . All Rights Reserved. Meet the 5 biggest African billionaire losers in 2016. Christoffel Wiese Net Worth Christoffel Wiese biography. Clare Wiese, the daughter of South African billionaire, Christo Wiese, has reportedly acquired a $6 million villa in the upmarket Clifton area of Cape Town, South Africa. He is followed by … ... Real estate is a growing passion for high-net-worth individuals and is often seen as the ultimate sign of success. Christo Wiese, former Chairman of Steinhoff, which fell like a house of cards following accounting irregularities, has sold over a billion-rand worth of shares in Africa’s largest retail group Shoprite where he is Chairman.. He’s also the Executive … [23], Wiese is married, lives in Cape Town and has three children. 2018 Africa's Billionaires NET WORTH $1.1B as of 1/10/18 Christoffel Wiese built his Pepkor retail empire by offering bargain prices in South Africa, and expanded into other African countries. According to Forbes, Christo Wiese has an estimated net worth of around $744 million (November 2019). Sixteen of the 50 richest people in Africa live in South Africa. Christo Wiese. Steinhoff International Holdings NV ex-Chairman Christo Wiese is suing the retailer for 59 billion rand ($4.8 billion) as the South African … [6] Wiese has been chairman of Invicta Holdings Limited since 2006. He was once considered as the fourth-richest person in South Africa and the 782nd richest person in the world. In 2017 he was worth R66 billion ($5.6 billion). You could also do it yourself at any point in time. The six-bedroom mansion in Nettleton Road was developed by property mogul Stuart Chait, who co-founded MvelaProp with Tokyo Sexwale, says the website. But, a few miscalculations have seen him wipe fortunes off his balance sheet. Wiese's net worth dropped from R66 billion to below R13 billion, according to Forbes' calculation. He was the main shareholder and chairperson of Steinhoff. Who are richest people in Africa? The Boeing Business Jet Former billionaire Christo Wiese will step down as chairman of Shoprite, Africa’s largest grocer, next year, according to a statement issued by the company. According to Forbes real-time ranking of the world’s billionaires, Wiese saw his net worth decrease by $2.7-billion, which equates to about 72.3 … That's it. 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. He is Executive Chairman of Pepkor since 1981. Facebook. 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. Wiese’s net worth is about $745 million, according to the Bloomberg Billionaires Index, and had earlier reached $5 billion. When British customs officers fished hundreds of thousands of pounds in cash from Christo Wiese’s luggage as he was passing through London City airport in 2009, he did not bat an eyelid. At this point Christo Wiese bought out van Rooyen's holdings in Pepkor and became the major shareholder. Wiese's net worth is estimated at R13 billion ($1.1 billion). While it’s relatively simple to predict his income, it’s harder to know how much Christo has spent over the years. Clare Wiese, daughter of Christo Wiese, has paid the highest price for a home bought at auction in South Africa, reports Times Live. In less than a year, Christo Wiese went from being South Africa's third richest man to not featuring on Forbes' list of dollar billionaires. Continue to the next page to see Christo net worth, estimated salary and earnings. The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. [10] 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. He is from South African. Christo Wiese’s fortune fell by a whopping $3 billion in just two days after retail conglomerate Steinhoff Holdings announced its CEO had resigned due to accounting irregularities. According to Forbes‚ Wiese’s net worth plummeted from $5.6-billion in March last year and now stands at $1.1-billion. What is Christo Wiese’s net worth? In 2011 Pepkor's chairman Christo Wiese was ranked as the 782nd richest person in the world on Forbes's list of the world's 1210 billionaires with an estimated net worth of US$1,6bn. Christo Wiese owns 15% of Shoprite (Africa’s largest retailer) and 17% of global retail holding firm … Wiese’s net worth is about $745 million, according to the Bloomberg Billionaires Index, and had earlier reached $5 billion. Christo Hendrik Wiese net worth; Christo Wiese net worth; Africa's Billionaires 2011; Africa's 40 Richest; Africa's 40 Richest 2012; Extreme; Popular Now. Christo Wiese net worth. African Billionaire Fortunes Rise On Forbes 2018 List Of Continent's Richest, South African Retail Tycoon Loses Billionaire Status Amid Accounting Crisis, South African Billionaire's Fortune Plunges More Than $2 Billion In A Day Amid Accounting Scandal, African Billionaire Fortunes Decline On New FORBES List Of The Continent's Richest, The 5 Biggest Billionaire Losers In Africa In 2016, Billionaire's Daughter Buys $7 Million Mansion In Cape Town, South Africa, 20 Favorite Quotes From Warren Buffett, Sara Blakely And Other Billionaires, South Africa's Billionaires Have Lost $3.4 Billion In The Past Two Months, The Biggest African Billionaire Gainers Of 2015, Why South Africa Tops Africa's 50 Richest In 2015, South African Billionaire Wiese Reported To Eye New Retail Acquisition. He’s also the Executive Chairman … In September 2017, he was worth $5.1billion. According to Forbes, Christo Wiese has an estimated net worth of around $744 million (November 2019). Wiese is estimated to have lost R30 billion from this whole saga, which cost him his dollar billionaire status. [6] 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. The Boeing Business Jet [5] His source of wealth is consumer retail. 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. Wiese emphasised that Steinhoff‚ which operates in 33 different countries‚ was an immensely complicated business‚ with a multitude of subsidiary companies. Christo Wiese Photographer: Waldo Swiegers/Bloomberg Christo Wiese will temporarily take direct control of Steinhoff, one of his retail conglomerates. Wiese is estimated to have lost R30 billion from this whole saga, which cost him his dollar billionaire status. Clare Wiese, daughter of Christo Wiese, has paid the highest price for a home bought at auction in South Africa, reports Times Live. The collapse of the Steinhoff share price was a significant blow, pushing him down the ranks of the world’s wealthiest. According to Forbes‚ Wiese’s net worth plummeted from $5.6-billion in March last year and now stands at $1.1-billion. 4. Forbes estimates Christo Wiese’s net worth at around R100 billion. Christoeffel Wiese acts as Chairman and the biggest solitary shareholder of Shoprite, Africa’s biggest merchant, low-priced supermarket chain.