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Wiese’s 11.63-percent stake in Shoprite is worth $952 million, cementing his position as one of the leading investors on the Johannesburg Stock Exchange.
As the chairman of Invicta, Wiese controls a significant ownership stake of 19.23 percent in Invicta Holdings.
Wiese controls a significant ownership stake of 19.23 percent in the Johannesburg-based investment holding company.
These stakes contribute to Wiese’s expanding wealth and reinforce his position as one of Africa’s most influential business figures.
Back in 2015, Brait, under the leadership of Wiese, acquired an 80-percent stake in Virgin Active for $862.8 million.
Wiese owns a substantial 19.23-percent stake in Invicta Holdings.
This approval comes nearly two years after Wiese initiated legal proceedings against the disgraced tycoon.
Wiese-linked retailer Steinhoff files for Dutch court approval for debt restructuring as it looks to regain stability.
Steinhoff’s ties with Wiese underscores the company’s significance.
Over the past 118 days, Wiese’s stake in Shoprite has suffered a significant decline.
Wiese, a South African billionaire who played a key role in the growth of Shoprite, has an 11.63-percent stake in the group.
Shoprite Holdings is Africa’s largest supermarket group.
Wiese derives the majority of his fortune from Shoprite.
Wiese owns an 11.63-percent stake in the company.
Wiese’s stake in Shoprite is worth over $900 million.
In 2017, Wiese was Steinhoff’s largest shareholder.