In a world where people are judged based on how fat their pockets are, it’s never a wonder that we are also looking for the richest people in each country, particularly Zambia, one of the developing African countries.
It has been a natural instinct to root for the affluent and we are curious enough to learn who the richest man in Zambia is. The South African country has witnessed remarkable economic growth over the past few decades. With the presence of numerous millionaires and billionaires, it currently has a GDP of $26 billion.
They have an enormous mining sector that has been constantly contributing to Zambia’s economy. Additionally, other sectors including agriculture, politics, entrepreneurship, and tourism are also noteworthy.
List Of Top 10 Richest People In Zambia 2023
- H.E Hakainde Hichilema- $389 million
- Noble Finlay- $310 million
- Carl Irwin- $306 million
- Dr. Rajan Mahtani- $304 million
- Robin Miller- $301 million
- Hanson Sindowe- $248 million
- Geoffrey Bwalya- $218 million
- Charles Milupi- $210 million
- Satwant Singh- $90 million
- Andrew Sardanis- $50 million
Wealthiest People In Zambia And Their Net Worth
| Name | Net Worth(in million $) |
| H.E Hakainde Hichilema | 389 |
| Noble Finlay | 310 |
| Carl Irwin | 306 |
| Dr. Rajan Mahtani | 304 |
| Robin Miller | 301 |
| Hanson Sindowe | 248 |
| Geoffrey Bwalya | 218 |
| Charles Milupi | 210 |
| Satwant Singh | 90 |
| Andrew Sardanis | 50 |
These richest Zambians have successfully altered the way how the general public look at their country and the Zambian government in return is even grateful to these specifically chosen 10 richest Zambians who have contributed their maximum to the growth of the Zambian economy.
1. H.E Hakainde Hichilema – $389 million
H.E. Hakainde Hichilema is the richest person in Zambia. With a staggering net worth of $389 million, H.E Hakainde Hichilema has outshined the other nine richest Zambians.
Hichilema is the second largest cattle rancher in Zambia and is therefore called a “cattle boy.” Although he has been the center of controversies before, having been arrested multiple times, he still won the Zambian presidential election, defeating Edgar Lungu, the former Zambian president.
So currently, Hichilema is a businessman as well as the Zambian president, additionally, he is also the president of the United Party for National Development. As the richest person in Zambia, HH is popular worldwide and stories about his wealth are also famous.
2. Noble Findlay – $310 million
You might know that Noble Findlay owned the title of the ‘Richest Man in Zambia’ in 2016. Although Findlay couldn’t retain his former financial status, he is still among the top 5 richest people in Zambia. As of this writing, he has an impressive net worth of $310 million.
Noble Finlay is the co-founder of Autoword, one of his successful enterprises. It was launched in 1992 and in a couple of decades, Autoword grew tremendously and today it has 11 branches across Zambia, hiring 250 Zambians.
So obviously, Zambia is one such company that offers a relatively higher rate of employment.
The company offers motor vehicle services as well as it is a marine specialist selling marine boats, marine spare parts, and more. You might have now realized why Noble Findlay is one of the richest men in Zambia. After all, his name is linked to a leading automobile and marine parts company.
3. Carl Irwin – $306 million
Carl Irwin is next on our list of the top 10 richest people in Zambia. He was the joint CEO at the multinational conglomerate, Zambeef, for more than 2 decades.
It has roughly 195 outlets in Africa and is undeniably contributing to the employment status of the country. Moreover, he has a net worth of $306 million as of 2023.
Even though Irwin retired from the massive company in 2018, there has been no decline in the wealth he amassed and therefore, he still remains one of the richest men in Zambia.
4. Dr. Rajan Mahtani – $304 million
Rajan Mahtani is truly a pride of Zambia as he is a business tycoon and also the Chairperson of Finance Bank Zambia Ltd. perhaps, no other richest Zambian is better educated than Mahtani as he holds a Ph.D. in Commercial Law. so, there is no debate about his qualifications, particularly in the field of finance and law.
Dr. Rajan Mahtani has a net worth of an astounding $304 million, making him the fourth richest in Zambia. He amassed this fortune through his numerous business dealings and today his wealth has a major impact on his identity.
5. Robin Miller – $301 million
Robin Miller has been to many significant areas of Zambia as the prolific person who has been a part of the Zambia Wildlife Authority Board, founder chairman of the Zambian tourism council, and a member of its republic.
Miller is currently the managing director at Real Estate Investments and she is also the chairperson of Post Newspaper.
So, it is almost clear how Miller’s net worth of $301 million was built. Certainly, her investments and remunerations from the position of authority she held have a major role in bringing her the label of one of the richest people in Zambia.
6. Hanson Sindowe – $248 million
Hanson Sindowe has a net worth of $248 million, urging us to include him in our list of the top 10 Zambians.
Well, he is actually deserving to be celebrated as one of the richest in Zambia as Hanson was the director of Energy Corporation in Zambia, one of the highest income generating outlets, and he was also the Copperbelt Energy Corporation Pic’s chairperson as well.
He spent $120 million to buy Copperbelt Energy Corporation in 2006 and he invested his time and energy to make it a successful venture and his hard work paid off. But sadly, Hanson is not among us anymore and the saga passed away on 4 April in Lusaka.
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7. Geoffrey Bwalya – $218 million
Geoffrey Bwalya is a well-known businessperson turned politician like tens of others in Zambia. From 2009 to 2016, he served as MP for Kasama Central and he is highly respected for handling such a humble position. As of 2023, Bwalya is undeniably one of the richest men in Zambia.
Well, you could possibly have doubts about where he amassed this staggering net worth and the answer is visible in his lifestyle.
He has been much adamant about earning profits from the series of businesses he was involved in and his politics was neither a negligible sum. When put together, his earnings are better credentials to quantify his success.
8. Charles Milupi – $210 million
Charles Milupi is eighth on the list of the top 10 richest people in Zambia. Just like Geoffrey Bwalya, Milupi is also a business tycoon as well as a famed politician.
He has shares in massive companies including Lafarge cement, Copperbelt Energy Corporation Plc, and Tizeza Zambia Ltd. in addition to it, he is also the chairperson at Kanisha Energy.
It is normal for someone to have an impressive net worth when they own multiple shares in such lucrative organizations. Therefore, it is not a wonder that Charles Milupi has an outstanding net worth of $210 million. Today, he is among the few millionaires in Zambia.
9. Satwant Singh – $90 million
Satwant Singh is a renowned Zambian rally driver. He is famed for his unmatched success in the African Rally Championship. Throughout his career, Satwant has won 8 times within 12 years.
He has amassed a tremendous amount of income from his sport and also obtained several awards for his greatest contribution made to the field.
Apart from that, Satwant is also an incredible businessman and entrepreneur. It was always the connections he made from the African rally competition that turned into business contacts.
Thanks to his sporting passion that at present, Satwant Singh is said to be one of the richest men in Zambia with a net worth of $90 million.
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10. Andrew Sardanis – $50 million
Last, but not least, we have Andrew Sardanis to conclude our list of the top 10 richest people in Zambia in 2023. He is one of the many richest Zambians who initially served as a journalist in Northern Rhodesia before settling in Zambia.
In fact, Sardanis modified the idea of Zambian tourism and he was credited for that. He simply merged tourism with wildlife and other artwork of luxuries. It was often combined with Chaminuka village, one of his belongings.
He was also a member of the legislature and federal government. Over the years, Sardanis managed to fill his pocket as well as expand his finances with all these business ideas which eventually made him one of the richest men in Zambia, with a startling net worth of $50 million.
Conclusion
In this article, we discussed the top 10 wealthiest people in Zambia in 2023. Although many are politicians, the others are business tycoons who are much familiar with the unique business tactics of the nation and that is the reason why they are tagged as the richest Zambians.
Also, Zambia is currently in a developing stage and it has enough youngsters who own a promising future in the country.
It is nearly certain that in the next 5 years, many affluent individuals from our list of the top 10 richest people in Zambia would be replaced by several new faces who have the potential to work hard in order to become multi-millionaires one day.
