Christoffel Wiese net worth is $1.2 billion. He founded Pepkor retail empire (operates 3,700 stores in South Africa and abroad which offer affordable prices for consumers in South Africa. The business has a presence in other African countries.
In 2015, Steinhoff International paid $5.7 billion to acquire Pepkor. Christoffel’s main asset is Shoprite Holdings and Collins Property Group which is in real estate business.
He also own stakes in Invicta Holdings which is in the business of Industrial products distribution.
In 1976 Christoffel Wiese purchased a diamond mine along the Orange River. This was his first business venture immediately after university. In 1991, the billionaire acquired Cashbuild, Checkers and Smart Group Holdings.
In 1991 Christo opened his first store in Scotland, United Kingdom. Currently, Christo has invested £682 million in Virgin Active, £780 million in New Look and owns a stake in Pep & Co which operates 500 stores across Poland.
In 1998, Christo Wiese acquired Lourensford Wine Estate which is 4,000 hectares and one of the largest fruit farm in South Africa. On the estate there are apples, plums, vine yards and pears. It is located near Cape Town.
In addition, Christo wiese owns 46.7 percent of Premier Group of companies which is a Fast Moving Consumer Goods company which deals with flour, cosmetics, home care items and confectionery. Further Christo owns 19.23% of Invicta Holdings, 28.5 % of Brait Plc and Trans Hex Group Limited which has interests in mining phosphate, platinum and gold.
Wiese graduated with a BA and LLB from Stellenbosch University in South Africa.
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