Zambia is a beautiful country in Africa. It has a strong economy that grows every year. Zambia makes money from its natural resources, like gold, copper, and farming. But who are the people who have the most money in Zambia? How did they get so rich?
In this article, we will tell you about the top 10 richest people in Zambia. We will use their net worth as of December 2023 to rank them. We will also tell you how they made their money and what they do for the society. This article is from Zambia Trade, the best website for business and trade in Zambia and other countries.
10. Andrew Sardanis – $50 Million
Andrew Sardanis was a writer and a freedom fighter. He helped Zambia become independent from Britain. He started a bank in 1984 and made a lot of money from it. He died in February 2021 as one of the richest Zambians.
9. Satwant Singh – $90 Million
Satwant Singh is a businessman and a racer. He loves to drive fast cars and he is very good at it. He won the African Rally Championship 8 times between 1988 and 2000. Singh made his money from racing and other businesses that he started because of his fame.
8. Charles Milupi – $210 Million
Charles Milupi is a rich man and a popular politician. He has a net worth of $210 million. He owns shares of big Zambian companies, like Copperbelt Energy Corporation Plc, Tiiseza Zambia Ltd, and Lafarge cement.
7. Geoffrey Bwalya Mwamba – $218 Million
Geoffrey Mwamba is a successful businessman and politician. He was a Member of Parliament for Kasama Central from 2009 to 2016. Mwamba made his money from his businesses and his political salary. His net worth is $218 million in 2023.
6. Hanson Sindowe – $248 Million
Hanson was the boss of Copperbelt Energy Corporation Plc and also the co-founder and director of the Zambian Energy Corporation. Sindowe bought Copperbelt Energy Corporation (CEC) in 2006 for $120 million. He died on 4 April 2021 in Lusaka. His net worth was $248 million USD in 2023.
5. Robin Miller – $301 Million
Robin Miller is the boss of Real Estate Investments, Zambia and the boss of the Farmers House. Miller has also been a part of the board of Zambian Wildlife Authority, member of Republic of Zambia, boss of Post Newspaper, and was the first boss of Tourism Council of Zambia. Miller’s net worth was built from investments and money from various positions of power. His net worth is $301 million in 2023.
4. Dr. Rajan Mahtani – $304 Million
Rajan Mahtani is a big business tycoon and one of the wealthiest Zambians today. He is the founder and boss of Mahtani Group of Companies, which has many businesses in banking, insurance, farming, hospitality, and manufacturing. He is also the owner of Finance Bank Zambia and Zambezi Portland Cement.
3. Carl Irwin – $306 Million
Carl Irwin is the co-founder and executive director of Zambian Breweries Plc, the largest beer company in Zambia. He is also the co-founder and director of National Breweries Plc, the second-largest beer company in Zambia. He has a stake in both companies, as well as in other businesses such as Zambeef Products Plc and Zamleather Ltd.
2. Noble Findlay – $310 Million
Noble Findlay was the richest man in Zambia in 2016 but has remained as one of the 5 richest people in Zambia. He is the founder and owner of Autoworld, the largest car company in Zambia. He is also involved in other businesses such as mining, farming, and real estate.
1. H.E Hakainde Hichilema – $389 Million
Hakainde Hichilema is the richest man in Zambia. He is the second-largest cattle farmer in Zambia and is called a “cattle boy”. He is also the president of the United Party for National Development and the current president of Zambia, having won the 2021 presidential election. He has investments in various sectors, such as finance, tourism, energy, and telecommunications .
We hope you liked this article on the 10 richest people in Zambia. For more information on business and trade in Zambia and other countries, read more on Zambia Trade today. Thank you for reading.