Christo Wiese wins back dollar billionaire status

*Shoprite founder and one of South Africa’s most revered businessmen, Christo Wiese, has won back billionaire status (in dollar terms). The increase in Wiese’s wealth has been driven largely by his investment in the food retail business he started, Shoprite, which has become the country’s standout retail performer. Wiese’s 10.67% stake in Shoprite, the second largest shareholder behind the Public Investment Corporation, is valued at R14bn ($910m). When you include his other investment vehicles and family interests, it drives his effective economic stake closer to 12%, making him a billionaire in dollar terms, a feat that has evaded him since Steinhoff collapsed in the latter end of 2017.  Learn more about your ad choices. Visit megaphone.fm/adchoices