The owner of a game reserve in the Kalahari desert and 4,000-acre (1,618 hectare) wine estate outside Cape Town, his stake in Pepkor was valued at $2.5 billion as of yesterday, according to data compiled by Bloomberg.
“I will be playing a more active role in the whole Steinhoff setup,” said Wiese, who graduated from the University of Stellenbosch with a law degree in 1967. “There’s no sadness because I haven’t really sold my business. It’s just another chapter.”