South African billionaire commits suicide

A South African billionaire, Markus Jooste has committed suicide as he was found dead with a gunshot wound near Cape Town.

According to Reuters, the billionaire shot himself in the head while taking a walk just few minutes from his Stellenbosch home.

The former Steinhoff CEO had been involved in an accounting fraud scandal as he got a hefty fine on Wednesday.

Police are investigating, stating that no foul play is suspected.

The late business mogul is survived by his wife, Ingrid, and his three children.