12 Things You Didn’t Know About Christoffel Wiese

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Written by Julia Austin
Financialmail.co.za
Financialmail.co.za

Christoffel Wiese, 73, is a South African retail tycoon with a net worth of at least $5.4 billion USD. He’s considered the third-richest person in South Africa and one of Africa’s 12 richest.

This week, he became a major player in the U.K.’s fashion scene, paying 780 million pounds ($1.2 billion US) for the New Look chain.

Wiese is surprisingly humble. He sold Pepkor, his footwear and clothing company, to rival Steinhoff, and still owns a stake in Shoprite Holdings, the company behind supermarkets, fast food outlets and furniture stores in more than 15 African countries. Here are 12 things you didn’t know about Christoffel Wiese.

Source: Forbes.com, FinancialMail

This is an updated version of an article that originally published Feb. 4, 2015.