South African billionaire Christo Wieses stake in Shoprite has risen by 97.45 million in just 40 days, bringing its value back above 960 million following a strong stock rally.
The retailer reported robust first-half earnings, driven by growth across supermarkets, e-commerce, and new store openings, supporting a 6.7 increase in its interim dividend.
Shoprites share price jumped 11.25 over 40 days, lifting its market cap above 9 billion. However, the stock remains down 5.47 year-to-date.
Christo Wiese, the South African billionaire instrumental in transforming Shoprite Holdings into Africas largest retailer, has experienced a sharp rebound in his wealth. His stake in the company has surged by over 97 million, driven by a strong rally in Shoprites shares on the Johannesburg Stock Exchange JSE .
Wieses wealth bounces back with 97.45 millionWiese, who stepped down as chairman of Shoprite in November 2020, remains a major shareholder with a 10.67 percent stake in the companyequivalent to 63,118,920 shares. Over the past 40 days, his stake has risen by R1.78 billion 97.45 million, pushing its total worth back above 963 million.
This follows a significant setback earlier this year , when Shoprites share price came under pressure. Between January 1 and March 9, the value of Wieses holdings declined by more than 67 million.
Shoprites growth strategy pays off with 91.1 million dividendShoprite Holdings , Africas largest retailer, continues to cement its dominance with more than 3,600 stores and a workforce of 150,000. The company reported a 9.5 percent increase in total sales for the first half of its 2025 fiscal year, generating over 6.8 billion in revenue.
The growth came from strong performances across its supermarket division, the Checkers Sixty60 e-commerce platform, and its LiquorShop segment. Shoprite also expanded aggressively in 2024, adding 248 stores in South Africa and strengthening brands like Petshop Science and Uniq clothing.