Millionaire Ronan Ghosh stashed £200 worth of meat and wine from Tesco in his bag to avoid paying for them even though his RG Recycling makes £16m a year.
Ghosh filled his trolley with items but hid the goods in a bag while shopping at a Birmingham branch of the supermarket on Stratford Road on 21 February.
The 39-year-old, who lives in a £550,000 home in Solihull, was caught on CCTV paying for the items in his trolley but not the expensive ones he had in the bag.
He pleaded guilty Birmingham Crown Court, saying he went to the store after arguing with his girlfriend and did not intend to steal the items.
The court also heard how he was "worried" after his father told him his mother had been diagnosed with skin cancer.
Defending, Charnjit Jutla confirmed Ghosh is the director of RG Recycling, a company that supplies machinery for the recycling industry.
"It is a global business. It has a yearly turnover of £16m," he said. "It beggars belief as to why he finds himself in this court. He accepts full responsibility for what he has done."
Ghosh was "disappointed with himself and shocked and embarrassed," the lawyer added.
The businessman was sentenced to a 12-month community order and told to complete 80 hours of unpaid work and pay £575 costs.