Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)
I do not get involved in businesses that I do not control. Businesses do best if the people who control it have skin in the game.Christo Wiese
Forbes estimates Christo Wiese’s net worth at around R100 billion.
Christo Wiese owns 15% of Shoprite (Africa’s largest retailer) and 17% of global retail holding firm Steinhoff (owner of Pepkor).
Christo Wiese went to Paarl Boys' High School and studied at Stellenbosch University where he received BA and LLB degrees.
Under Christo Wiese’s leadership, Shoprite grew from a chain of eight supermarkets into the behemoth it is today.
Scroll down for quotes from the video and audio below.
I have no idea whether I’m the third richest person in Africa. People who know how much they’re worth aren’t worth a hell of a lot!Christo Wiese
My cousin thought there must be a way to provide affordable clothes to poorer people…Christo Wiese
I was never cut out to be a Number 2 man…Christo Wiese
In 1981 I bought out the Pep founders’ shares…Christo Wiese
Whitey Basson and I were friends at university. People used to ask me how I was related to him!Christo Wiese
Shoprite employs 136 000 people.Christo Wiese
We bought Shoprite for R1 million. Today it’s worth R100 billion!Christo Wiese
The jury is still very much out on where it [drones, Amazon, etc.] will end. I don’t lose sleep over it.Christo Wiese
These perceived crises don’t bother me! My mother taught me to only worry about things you can do something about.Christo Wiese
How does pessimism help you or anybody else? We got through so much, why won’t we get through this?Christo Wiese
The world wants South Africa to succeed!Christo Wiese
I enjoy what I’m doing! I still make a contribution.Christo Wiese
Pep started as one shop in Upington then grew shop by shop by shop.Christo Wiese
This article first appeared on 702 : Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)
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