Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at more than $920 million.
Christo Wiese
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Wiese owns an 11.5-percent stake in the leading supermarket chain, or 68,083,200 ordinary shares.
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Despite recent setbacks, Wiese remains a leading figure in the African business scene.
- Hot News
South African billionaire Christo Wiese’s Premier Group plans $66 million in capex over next two years
Premier Group is a prominent South African fast-moving consumer goods (FMCG) conglomerate partly owned by billionaire tycoon Christo Wiese.
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Wiese, through Titan Fincap, a subsidiary controlled by his investment vehicle, Titan Premier Investments, sold 3.83 million ordinary shares in Shoprite.
- Southern Africa
South African billionaire Christo Wiese-linked retailer, Steinhoff, faces liquidation
Wiese’s link with Steinhoff traces back to 2012 when he exchanged the historic Lanzerac wine estate for $11 million worth of Steinhoff …
- Southern Africa
South African billionaire Christo Wiese loses $46 million from investment in Shoprite
Wiese’s holdings in Shoprite amount to an 11.58-percent stake, valued at over $780 million.
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Wiese owns an 11.58-percent stake in Shoprite, valued at more than $900 million.
- Hot News
Shoprite, linked to South African billionaire Christo Wiese, sees profits soar to $308 million
Wiese, an influential figure in the retail sector, holds an 11.58-percent stake in Shoprite, valued at over $900 million.
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These seven ultra-high net-worth individuals who attribute their substantial wealth to their involvement in retail.