Christo Wiese is a South African businessman and former billionaire. He is a veteran business leader who has acquired so much wealth from consumer retailing.
He was the owner of a wine farm and diamond mine and could be counted among the owners of the most expensive houses in Cape Town, South Africa.
He started making waves in the world of business after he joined Pepkor Stores.
He has gained over fifty years of business experience and has built a huge business empire and other enterprises.
|Name||Christoffel F. Hendrik Wiese|
|Education||BA and LLB|
|Alma mater||Stellenbosch University|
|Profession||Entrepreneur and businessman|
Following his matriculation from Paarl Boys’ High School, a school in the Western Cape region.
Christo studied at Stellenbosch University where he obtained BA and LLB degrees.
After his studies at the University, he practiced law for a while at the Cape Bar.
Later, Christo worked as a Director at Pepkor, a discount clothing chain his parents assisted to establish.
As an entrepreneur, Christo Wiese is popular for various businesses that he had bought over. This alone landed him a spot on the list of the richest South Africans.
Following the purchase of Shoprite, which was at that time operating eight supermarkets in Cape Town.
Christo bought Shoprite for one million rands, the business grew to be a multi-billion dollar business.
Also, the business began to franchise new locations giving birth to Shoprite department stores.
This was following their acquisition of the distributor Senta. With his experience, Shoprite grew to the extent it was recommended as the number six favorite brand in South Africa.
It also was the number three most valued brand concerning community upliftment.
He has centered his investment in various sectors which include banking and finance, accounting, fashion, consumer goods, and retail.
The risk-taker possesses notable entrepreneurship characteristics including business and fearlessness.
Still, his finance received a terrible hit following his acquisition of Steinhoff.
Steinhoff is a furniture conglomerate holding company. He was among the most prominent investors in the furniture retail company.
This followed after his furniture company, Steinhoff, acquired Pepkor Holdings in 2015.
In 2017, following the Wiese Steinhoff saga, he stepped down as the chairman of the company.
The entrepreneur and businessman was born on 10 September 1941 in Upington, South Africa. Christo Wiese is 78 years old.
He is a businessman to the last and he has amazing intelligence in finance. He has an amazing capacity to raise a dying business to life.
He restored a farm in the country and transformed it into an excellent hotel.
Today, the business is known as Lanzerac Manor & Winery until he sold it to an investment firm abroad.
He had also purchased OK Bazaars, a Breweries in South Africa, which was battling for survival as of 1997.
Christo planted 146 furniture stores and 157 supermarkets into the company. This further assisted in expanding Shoprite.
Christo Wiese is married to Caro Wiese. The couple has three children namely – Jacob, Christiana, and Clare.
Jacob is the eldest child of all the Christo’s children. He perhaps followed the ways of his dad as he is also a businessman.
Christos’ daughter, Clare Wiese-Wentzel is a lifestyle blogger, TV presenter, and writer.
Though his place of residence is in Brackenfell, Cape Town, he owns houses in a few other places.
Like, Christo Wiese’s house located in the harbor town of Yzerfontein, Cape Town. This house is popularly known as his holiday home.
Even though the business tycoon suffered financial loss some years back. According to Forbes Magazine, Christo Wiese has an estimated net worth of around US$1.1B (November 2018).
He is a respected and notable businessman in the South African business world.