After his father's death in 1060, he was raised at the court of Lothair Udo II, Margrave of the Nordmark, in Stade.
Because he had murdered an enemy in the church of Saint James in Zeitz in 1089, Wiprecht undertook a pilgrimage to Rome and Santiago de Compostela in 1090.
According to James Westfall Thompson, the "real Germanisation of Meissen begins with Wiprecht von Groitzsch.
In 1109, after the assassination of Duke Svatopluk, Wiprecht the Younger aided Bořivoj II in regaining Prague.
He called on the Emperor to come and settle matters and compensate him with 500 marks of silver for the expense of having to take up his ducal rights by force.
Wiprecht the Elder had to give up his first wife's dowry and his castles of Leisnig and Morungen to the emperor to redeem his son.
They were defeated by Hoyer of Mansfeld and Wiprecht was captured and imprisoned at Trifels in 1113, only being spared death on the condition that he transfer all his lands to the emperor.
While he was in prison, his son Wiprecht, took part on the side of the Lothair of Supplinburg in the Battle of Welfesholz on 11 February 1115, where Hoyer of Mansfeld had died.