Ex-Steinhoff Chair Wiese's Loss Dwarfs GDP of 13 Nations

Christo Wiese

Photographer: Waldo Swiegers/Bloomberg

Christo Wiese was one of Africa’s richest people. But in 2017, the former chairman of scandal-hit Steinhoff International NV lost more wealth than the gross domestic product of at least 13 of the continent’s countries . The billionaire is the biggest shareholder in the furniture and clothing company, which has plunged more than 90 percent this month amid accounting irregularities.

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