Quote Of The Day

The best revenge is massive success.

Frank Sinatra

Christoffel Wiese

Chairman, Pepkor
Real Time Net Worth
as of May 24, 2017
Net Worth
as of 2017
  • Age 75
  • Source of wealth Retail
  • Citizenship South Africa
  • Education Bachelor of Arts/ Science Stellenbosch University
  • Residence Cape Town, South Africa
  • Status Married
  • Children 3

Net Worth Over Time

$3.7 B
$3.5 B
$3.2 B
$6.3 B
$5.8 B
$5.5 B

Africa is awakening. It's a huge market of almost a billion people with huge resources and a young population. People spend when they're young.

Christoffel Wiese

Christoffel Wiese built a retail empire by capitalizing on bargain prices in South Africa, and has expanded its geographic footprint. In December 2015, Wiese’s furniture and home goods retailer Steinhoff moved its listing from the Johannesburg Stock Exchange to the Frankfurt Stock Exchange to focus on the European market. In August 2016, Steinhoff entered the U.S. market, announcing plans to buy Mattress Firm Holding Corp., which owns Sleepy’s, a chain with 1,000 mattress stores, for $2.4 billion. His other investments include 15% of publicly-traded Shoprite Holdings, which has supermarkets, furniture stores and fast food outlets in 15 countries across Africa and the Indian Ocean Islands; and stakes in private equity firm Brait, industrial products company Invicta Holdings and mining-sector investor Pallinghurst.