![Markus Jooste](/content/images/size/w1304/format/webp/wp-content/uploads/2024/03/whatsapp-image-2024-03-22-at-09.22.21-e1711095785904.jpg)
South African tycoon Markus Jooste, once worth $400 million, dies by suicide
The circumstances surrounding Jooste’s death remain under investigation, with authorities confirming that he was found with a gunshot wound to the head.
The circumstances surrounding Jooste’s death remain under investigation, with authorities confirming that he was found with a gunshot wound to the head.
Wiese’s link with Steinhoff traces back to 2012 when he exchanged the historic Lanzerac wine estate for $11 million worth of Steinhoff shares.
Wiese is a South African billionaire and retail tycoon.
Nearly two weeks ago, Jooste was served two fines totaling $882,000.
Jooste was found to have violated listing requirements.
Wiese is a South African billionaire and retail tycoon.
In 2017, Wiese was Steinhoff’s largest shareholder.
Wiese received $198.5 million in cash and a five-percent share in Pepkor.
The move comes nearly three weeks after it received approval from a Cape Town high court to pay the investors.
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
Steinhoff is a South African-German-Dutch global retail holding dual-listed in Germany and South Africa.