He owns just over 50% of the publicly traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Together with Zed Koudounaris (who also appears on this list), Michael Fowler co-founded Innscor Africa as a chicken shop in 1987. Born in Bulawayo, Zimbabwe, he first worked for Kantor and Immerman before relocating to the UK. Born in South Africa in 1952, Charles Davy owns some 1,300 square miles of land in the Lemco Safari Area or about 0.09 per cent of all agricultural land in Zimbabwe. Kenyan banker James Mwangis Equity Group receives approval to acquire Spire Bank, Meet Mohammed Dewji, Tanzanias King of Wealth, with $1.5-billion net worth, Nicky Oppenheimers net worth surges above $700 million in 2023, Kenyan tycoon Benson Wairegi loses $2.6 million in eight months, Baloobhai Patel-linked Bamburi Cement sees profit dip below $2 million, U.S. court orders disgraced South African tycoon to pay $3.4 billion for forex fraud, Oprah Winfrey, the worlds richest Black woman, invests in German Skincare brand. Required fields are marked *. Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation, Zimbabwes largest beverage manufacturer. He has held several positions within Innscor and was its Chief Executive Officer when it listed on the Zimbabwe Stock Exchange (ZSE) in 1998. Zed has held a number of positions within Innscor, including Chief Executive Officer upon the Group's listing in 1998. He has been in the mining business for over 20 years in counting and continues to break new ground in the industry. Save my name, email, and website in this browser for the next time I comment. He survived a 60% brain cavity after a skiing injury and woke up from a coma on his daughters birthday. Econet Wireless Zimbabwes CFO Roy Chimanikire owns a 0.23-percent shareholding in the company worth $2.9 million. In a particular order, here are the 10 richest men in Zimbabwe: Strive Masiyiwa is a resilient businessman in Zimbabwe who has spent decades building one of the biggest establishments in the country. Net worth: $590 million (about 485 million). He is considered one of Africas most generous humanitarians, using his wealth to provide scholarships to more than 100,000 young Africans over the past 20 years, as well as sponsoring students at universities in China, the UK and US. However, the verdict was later overturned. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. He received the moniker as a result of his rapidly expanding commercial empire, which now spans over twelve (12) nations in Africa, including Zimbabwe, South Africa, the Democratic Republic of the Congo, Angola, and Mozambique. He gained affluence through his hunting business which he began in the late 1990s. This company used to be a chicken store before it was reformed into a manufacturing and sales company. His 18.41-percent stake in the company is worth $60.4 million. He was orphaned on his birthday: upon returning home from a bike ride, he discovered that his father had shot his mother and sister and them himself (his sister survived). Copyright 2023 Bscholarly LLC. However, he pulled through and woke up on his daughters 11th birthday. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. He later emigrated to Zimbabwe and by 2013 owned over 1,600 square miles of land. Born in Zimbabwe, Zinona Zed Koudounaris completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce Degree in Business and Computer Sciences. 2020. Douglas Mboweni is the group CEO of Econet Wireless Zimbabwe. Zimbabwean Canadian Community Magazine- for Zimbabweans in Canada. Mushayavanhu owns 6.6 percent of the company. The world's premier source of news on Africa's billionaires and UHNWIs. He has a lifetime achievement award and is recognized among the most successful and influential entrepreneurs in Zimbabwe. . Additionally, they bring in foreign currency through their business endeavors, which significantly strengthens Zimbabwes economy. He has expanded his business across 13 African counties including South Africa, Angola, and Mozambique. Zed has partnered with some of the largest companies out of Zimbabwe, including ZSE-listed companies such as Pandenga. After the Panama leaks, it was exposed that he wired funds to his different companies based in Britain which were illegal in the country. Besides, aside from these 10 figures, Zimbabwe has hundreds of businessmen that are millionaires in dollars. In its 2018 and 2019 billionaires . law firms and other gatekeepers of the financial system in facilitating the creation of offshore companies for high net worth individuals. [1], In February 2022, more information was forthcoming: Together with partner Zed Koudounaris, he founded Innscor Africa limited. He completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree . Holdings: Econet Wireless Zimbabwe, Cassava Smartech . He has stakes in Puma Zimbabwe which acquired Sakunda Petroleum and Redan assets. He is also a long time ally of Emmerson Mnangagwa, he is very close to senior politicians in Zimbabwe since the 1998 DRC war. Basil Dionisio is the group CEO and executive director of Simbisa Brands Limited, the largest fast-food restaurant operator in Zimbabwe. With a net worth of $793,000,000, John Bredenkamp is one of the richest men in Zimbabwe. 2023 Billionaires.Africa. He is considered to be among the richest people in Zimbabwe with an estimated net worth of around $1.1 billion. Net worth: $734 million (603 million) Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. He eventually stabilized his company and has grown it into a multi-billion dollar company today. With a GDP now exceeding $28 billion, Zimbabwe is slowly recovering after years of turmoil and turning into the next big thing. The Sam Levy Family's net worth is over $677,000,000. The Zimbabwean billionaire is best known for having co-founded Innscor Africa, a manufacturer of consumer staple and durable goods. Name Net worth (USD) 1: Jeff Bezos: $113 billion: 2: Bill Gates: . Michael Fowler is definitely one of the richest men in Zimbabwe. It was then that he immigrated to Zimbabwe, establishing several companies in over 1600 sq. Recommended: Best Science Courses To Study In The University 2023. Through the channel, he advocates political issues and entertainment, individual liberty, term limitations for the congress, hypocrisy in media, corrupted . He has served in that capacity as the businesss CEO since 2004. Net worth: $540 million (about 444 million). British investor Nicholas Van Hoogstraten owns 24.2 percent of Rainbow Tourism Group, a tourism and hospitality management company in Zimbabwe with a far-reaching portfolio of owner-managed or leased hotels and conference facilities in Zimbabwe. All Rights Reserved. Zed Koudounaris. Simbisa owns, operates and franchises some of the most popular quick-service restaurant brands in East and Southern Africa, including Pizza Inn, Chicken Inn, Nandos and Steers of South Africa. Koudounariss go-between with government and political functionaries is Musekiwa Khumbula, a former journalist and information ministry officer who works as a consulting executive for Innscor. The market value of all the shares owned by the 20 richest investors on the bourse amounts to 48.03 percent of the market capitalization of the local exchange. This company has gained an international presence and currently operates in about 20 countries both within and beyond Africa. Interestingly, in 2000 50 motorbikes marked Police were discovered at his farm, and he was only fined Z$200 (a ridiculous 0.45 or $0.55). Sam Levy Family. His 18.41-percent stake in the company is worth $60.4 million. 1961 . As a result of the recent decline in the company's shares, the market value of Zed Koudounaris' stake in Axia Corp has dropped by 11.8 percent from ZWL12.75 billion ($39.59 million) on January 5 to ZWL11.23 billion ($34.88 million). However, this does not take away the fact that Zed remains one of the most successful entrepreneurs in the country. He is also widely known for having a tight relationship with Robert Mugabe. He also has interests in a wide range of other industries, such as banking, farming, and hotels. 2023 DeltaQuest Media Limited. Your email address will not be published. Free Quote: 0333 344 7476 Catalog. The International Consortium of Investigative Journalists has named over 280 Zimbabweans, including prominent businesspeople, who reportedly syphoned billions of dollars out of the country. En'Joy" zed koudounaris net worth 219 Followers, 842 Following, 926 Posts - See Instagram photos and videos from Chris Koudounaris (@koudounaris) His 4.19-per cent stake in the company is currently worth $11.6 million. Strive Masiyiwa is now the richest black man in Southern Africa, with a net worth surpassing $4.4 billion - dethroning Patrice Motsepe from the position . Simbisa brands, the fast-food restaurant operator founded by Zimbabwean billionaire Zinona ("Zed") Koudounaris, is looking to expand the number of its outlets in Kenya from 190 to 245 by mid-year. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . He also makes a lot of money by running hunting safaris which, in 2005, were reported to typically cost 660 (about $802 today) per day to shoot lions, elephants, leopards and buffalo on 24-day expeditions. John Moxon is the executive chairman of Meikles, a publicly traded Zimbabwean company with a diverse portfolio of investments in hotel, retail, supermarket chain, agriculture and financial services. When Nicholas Van Hoogstraten years later, he invested in real estate and went on to own hundreds of properties across the country. Michael Fowler. In 2016, he and Fowler were discovered to have opened four companies in the British Virgin Islands and transferred money from their salaries to the firms in early 2015. The richest men in Zimbabwe are not just wealthy to stock their pockets and flaunt their fame. This amounts to a total loss of ZWL1.51 billion ($4.7 million) for the reclusive Zimbabwean businessman, who . After he suddenly passed away in 2012, his children took over the estate. In May 2016, an investigation into the Panama Papers revealed that Koudounaris and fellow co-founder Michael Fowler, operating through lawyers and accountants, had opened four companies in the British Virgin Islands and transferred money from their salaries to the firms in 2015. Paddy Zhanda owns 10.5 percent of Masimba Holdings, a publicly listed company that provides engineering and infrastructure client solutions. Continue with Recommended Cookies. Billy Rautenbach is the fourth richest man in Zimbabwe. Holdings: Julian P. Schonken holds a 0.75-percent stake in Innscor Africa. Recommended: Most Famous People In The World 2023. In addition to his riches, he also controls 50% of Cassava Smartech and blue-chip liquid Telecom Group. Posted by Staff Writer | May 7, 2019 | All Articles, Entrepreneurs Profiles, ZSE | 0. Mr Koudounaris is also believed to have other interests in farming, mining, real estate and tourism. Strive Masiyiwa had to spend a few years fighting through the governments opposition. He has served as Non-Executive Director of Innscor Africa Limited since April 1996. His properties generate a minimum of $20 million every year. Kenneth Raydon Sharpe professionally known as Ken Sharpe is one of the richest men in Zimbabwe and the founder of West Group of Companies. Zed is a founder shareholder of the Group and was the driving force behind the initial creation and success of the Groups core fast food brands.