Top 10 richest men in Zambia according to their net worth– In Zambia, a developing African country, people are often judged based on their wealth. Many are curious about the richest man in the country, as there are numerous millionaires and billionaires present. Zambia has experienced significant economic growth over the past few decades, resulting in a current GDP of $26 billion.
Zambia’s economy has been largely supported by its thriving mining sector, which is a significant contributor. Aside from mining, key sectors such as agriculture, politics, entrepreneurship, and tourism also play a noteworthy role in the country’s economy.
Top 10 richest man in Zambia according to their net worth
1. Noble Findlay
In 2016, Noble Findlay was known as the ‘Richest Man in Zambia’. Although his financial status has decreased since then, he still ranks among the top 5 richest people in the country. Currently, his net worth stands at an impressive $310 million.
Autoword is a successful enterprise co-founded by Noble Finlay. It was established in 1992 and has grown significantly over the years. Autoword now has 11 branches in Zambia and provides employment for 250 Zambians.
Zambia is a company that provides employment opportunities at a higher rate. The company deals with motor vehicle services and specializes in selling marine boats and spare parts. The success of the company is linked to the name of Noble Findlay, who is one of the richest men in Zambia.
2. Carl Irwin
On the list of the top 10 wealthiest individuals in Zambia, Carl Irwin ranks next. He served as joint CEO at Zambeef, a multinational conglomerate, for over 20 years. The company operates approximately 195 stores throughout Africa and has made a significant contribution to the country’s employment situation. Furthermore, his net worth is estimated at $306 million as of 2023.
Despite retiring from his position at a major company in 2018, Irwin’s wealth has not decreased and he continues to be one of the wealthiest individuals in Zambia.
3. H.E Hakainde Hichilema
H.E. Hakainde Hichilema stands out as the wealthiest person in Zambia, surpassing the other nine richest individuals with a remarkable net worth of $389 million.
Hichilema, also known as the “cattle boy,” is the second-largest cattle rancher in Zambia. Despite being arrested multiple times in the past, he emerged victorious in the Zambian presidential election, defeating the former president, Edgar Lungu.
Hichilema is currently serving as the Zambian president while also being the president of the United Party for National Development. He is widely known as the wealthiest person in Zambia and his wealth has garnered global attention. Hichilema’s business background adds to his popularity and stories about his wealth continue to be popular.
4. Robin Miller
Robin Miller is a reputable figure in Zambia, having served on the Zambia Wildlife Authority Board, founded the Zambian Tourism Council, and been a member of the country’s republic. Currently, she is the managing director of Real Estate Investments and also holds the position of chairperson at the Post Newspaper.
It is evident that Miller’s wealth of $301 million was primarily accumulated through her investments and earnings from her authoritative position, which has led to her being recognized as one of the wealthiest individuals in Zambia.
5. Dr. Rajan Mahtani
Rajan Mahtani is a prominent figure in Zambia. He is a successful business tycoon and serves as the Chairperson of Finance Bank Zambia Ltd. Mahtani’s impressive academic background includes a Ph.D. in Commercial Law, making him one of the most highly educated and qualified individuals in the field of finance and law in Zambia.
Dr. Rajan Mahtani is the fourth richest person in Zambia, with a net worth of $304 million. He achieved this wealth through various business ventures, and it has become a significant part of his identity.
6. Geoffrey Bwalya
Geoffrey Bwalya is a prominent figure in Zambia, having transitioned from a successful business career to politics. He held the position of MP for Kasama Central from 2009 to 2016, where he earned a reputation for his exceptional work. Today, Bwalya is undoubtedly one of the wealthiest men in Zambia, a testament to his success.
It is understandable if one questions how a person could accumulate such an enormous fortune, but the answer is evident in his lavish lifestyle. He has made it clear that he has generated profits from his various businesses and that his political career has also contributed significantly to his financial success. When combined, his earnings are a testament to his achievements.
7. Hanson Sindowe
Hanson Sindowe, with a net worth of $248 million, should be recognized as one of the top 10 richest people in Zambia. This is due to his previous roles as the director of Energy Corporation in Zambia, a highly lucrative business, and the chairperson of Copperbelt Energy Corporation Pic.
In 2006, a man named Hanson bought Copperbelt Energy Corporation for $120 million. He worked hard to make the venture successful and his efforts were rewarded. Sadly, Hanson passed away on 4 April in Lusaka.
8. Andrew Sardanis
Andrew Sardanis is included in the list of the top 10 richest people in Zambia for 2023. He was once a journalist in Northern Rhodesia before eventually making Zambia his home.
Sardanis is credited with modifying the concept of Zambian tourism by combining it with wildlife and luxury artwork. He also incorporated his property, Chaminuka Village, into the tourism experience.
Throughout his career, Sardanis held positions in both the legislature and federal government. He also pursued various business ventures which proved to be financially successful, ultimately leading him to become one of the wealthiest individuals in Zambia with an impressive net worth of $50 million.
9. Charles Milupi
Charles Milupi is a prominent business magnate and politician in Zambia. He holds significant shares in Lafarge cement, Copperbelt Energy Corporation Plc, and Tizeza Zambia Ltd. Additionally, he serves as the chairperson for Kanisha Energy. Milupi ranks eighth on the list of the wealthiest individuals in Zambia, alongside fellow tycoon Geoffrey Bwalya.
Charles Milupi is one of the wealthiest individuals in Zambia, with a remarkable net worth of $210 million. This is not surprising considering his ownership of multiple shares in highly profitable organizations.
10. Satwant Singh
Satwant Singh is a highly acclaimed rally driver from Zambia who has won the African Rally Championship an impressive 8 times over the course of 12 years.
Satwant has achieved great success in his sport, earning a significant amount of income and receiving numerous awards. In addition to his athletic accomplishments, he is also a skilled entrepreneur. His business connections were primarily formed through his participation in the African rally competition.
Satwant Singh is reportedly one of the wealthiest individuals in Zambia, with a net worth of $90 million, which is attributed to his love of sports.