This was against regulations that the transfer of money earned in the country to offshore accounts should be approved by the Reserve Bank of Zimbabwe. Along with being the companys creator, he established Liquid Telecom Group, which is renowned for laying fiber optic cable to link nations including Tanzania, South Africa, Lesotho, and the Democratic Republic of the Congo. His 18.41-percent stake in the company is worth $60.4 million. David Mazvidza - Finance Director. The company was set up 1993 and was granted a telephony license in 1998 at a time when 70% of the countrys inhabitants had never heard a telephone ring, and is now one of the largest business empires in the world. He was formerly a rugby player in Zimbabwe before he ventured into business. This Zimbabwean entrepreneur was born in England into a humble home. Best Science Courses To Study In The University 2023, How to Introduce a Guest Speaker: 8 Tips to Properly Introduce Someone, 10 Important Skills That Will Be Relevant in The Future, How To Maintain Farm Structures and Buildings, Which Is Easier to Learn, English Or Spanish? #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . His 4.19-per cent stake in the company is currently worth $11.6 million. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. Data computed by Billionaires.Africa revealed that the 20 richest investors on the exchange have a joint equity valuation of $1.21 billion, with Strive Masiyiwa being the richest investor on the exchange, controlling more than one-quarter of the bourses market capitalization. Net worth on the ZSE: $101.1 million. Now lets spotlight these visionary men that Zimbabwe is fortunate to have. He has stakes in Puma Zimbabwe which acquired Sakunda Petroleum and Redan assets. Nicholas Rudnick, a lawyer, ranks as the sixth-richest person in Zimbabwe. Together with Zed Koudounaris (who also appears on this list), Michael Fowler co-founded Innscor Africa as a chicken shop in 1987. Zed Koudounaris is credited with being the driving force behind the initial operations and success of Innscors fast food brands. Econet Wireless Zimbabwes CFO Roy Chimanikire owns a 0.23-percent shareholding in the company worth $2.9 million. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. Billy is known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent. With a highly successful business, Ken Sharpe has a net worth of $690,000,000. 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. As a majority shareholder in ZSE-listed companies such as Axia Holdings, National Foods, Colcom, and Padenga; Michael Fowler has an estimated net worth of $645,000,000. Required fields are marked *. Zed Koudounaris. Michael Fowler, whose name was referenced previously in this essay, is where we . His eldest son Isaac took over the business upon his death. Charles Davys estimated net worth is around $570,000,000. 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. Feyisayo Ajayi-January 29, 2023 0. You only need to look at Simbisa Brands to understand this. Previously, he worked as a journalist at Nairametrics. The successful and influential businessman is one of the richest people in Zimbabwe currently. If you Google the current Richest Men in Zimbabwe Net Worth according to Forbes, you would be presented with a host of results that might confuse you. The country currently has a GDP of $28 million which is a testimonial of the improving economy of the country. He joined the Merchant Navy at 17 but lasted there only a year before he entered into the property business. Zed has interests in mining, farming, tourism and real estate. The businessman is one of the richest people in Zimbabwe who earned their wealth through discipline and hard work. Copyright 2023 Bscholarly LLC. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Also see: Most Beautiful States In USA 2023. It would be difficult to give a specific number of millionaires in Zimbabwe. law firms and other gatekeepers of the financial system in facilitating the creation of offshore companies for high net worth individuals. Paddy Zhanda owns 10.5 percent of Masimba Holdings, a publicly listed company that provides engineering and infrastructure client solutions. 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 . All rights reserved. The Top 10 Wealthiest Men in Zimbabwe are listed below. Your email address will not be published. As of today, its the fifth-largest in the world. He owns a large portion of the locally owned department store Barbours as well as the ZSE-listed Miekles. The reason for this awful incident is unclear to this day. Masiyiwa is the founder and executive chairman of Econet Wireless, a diversified telecommunications group. Zeds interests now include other ZSE listed companies like Padenga, Axia Holdings and Simbisa Brands. Who is Zed Koudounaris? Hence, its an authentic piece of information. We have detailed the top ten richest persons in Zimbabwe under this post. He founded the company in 1997 together with fellow entrepreneur Michael Fowler. While in the country, John had a very difficult time growing up into a teenager. However, the abandonment of the Zimbabwean dollar and the adoption of a government of national unity have since seen the country experience a period of positive economic growth. Zed Koudounaris. Zimbabwean Canadian Community Magazine- for Zimbabweans in Canada. A chicken and chips shop has over the years grown into a diversified company with annual revenue of more than $600-million and has spun off other businesses and separately listed them. When he initially founded the company in 1998, the Zimbabwean government wasnt in support of the establishment. After establishing his company in 1990, he actively engaged in the confectionery and food distribution business in the country. 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. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his . In fact, he is also referred to as the African Napoleon. Vector signs of nap, rest, dream or relax sound, comic book text sound effects with ZZZ . One of the most famous and richest DJs in the world is Zedd, real name Anton Zaslavski. Together with partner Zed Koudounaris, he founded Innscor Africa limited. He and Zed were friends and business partners initially before they both decide to establish a company. Before he turned 10, he relocated with his family to Zimbabwe which was known as Rhodesia at the time. In May 2016, an investigation into the Panama Papers revealed that both Fowler and Koudounaris had violated Zimbabwean law by transferring money from their salaries to offshore accounts in the British Virgin Islands. The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. At the moment, Zed sits on a number of boards which include Innscor Africa Limited, Simbisa Brands and Axia Corporation Limited. The company majors in tobacco production and marketing. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Koudounaris, one of Zimbabwe's most successful businessmen, is the founder of Simbisa brands. He was born in 1959 and took over the family business, Wheels of Africa, turning it into the largest trucking company in Africa. Mfonobong Nsehe contributed to this report. He rose to prominence after overcoming government objections to build Econet Wireless Zimbabwe, an independent mobile phone network, in 1998. Zed has interests in mining . Net worth on the ZSE: $664.3 million . With over a decade of experience creating impactful narratives about Africa, Mfonobong Nsehe is one of the most recognized journalism and communications professionals on the continent. Net worth: $1.5 billion The last figure on our list of the richest men in Zimbabwe is multi-millionaire Charles Davy. Innscor itself has grown to become one of the largest conglomerates in Zimbabwe with interests in Colcom, National Foods, Capri, Profeeds, Pro Brands, NatPak and Irvines. These guys have created empires that are advantageous to both the nation as a whole and themselves thanks to their exceptional managerial abilities and original vision. He is also reputed to provide financial services to a few chosen clients, both inside and outside of Zimbabwe. Zed Koudounaris. Additionally, they bring in foreign currency through their business endeavors, which significantly strengthens Zimbabwes economy. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his . Holdings: Albert Katsande holds a two percent in OK Zimbabwe. bokstavsballonger shein. ZZZ, ZZZZ doodle bed sleep snore icons ZZZ, ZZZZ doodle bed sleep snore icons. 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. This amounts to a total loss of ZWL1.51 billion ($4.7 million) for the reclusive Zimbabwean businessman, who . He has served in that capacity as the businesss CEO since 2004. He started a confectionery business in 1990 which later evolved into the West Group. This article was originally published in March 2015. Billys businesses mostly focus on haulage, farming, wildlife safaris, cobalt mining, and automobile manufacture. Below is the list of Top Five Billionaires in Zimbabwe. Posted by Staff Writer | May 7, 2019 | All Articles, Entrepreneurs Profiles, ZSE | 0. His business now provides employment to over 600 black families in Zimbabwe. As a founder shareholder of Innscor, Zinona (Zed) Koudounaris was the driving force behind the initial creation and success of the Innscor's core fast food brands. Holdings: Ketan Joshi holds a 1.62-percent stake of FBC Holdings. His 18.41-percent stake in the company is worth $60.4 million. With his vast empire of businesses, he has a net worth of $743,000,000; making him one of the richest men in Zimbabwe. Foounder and director of Trek Petroleum, Sakunda Holdings, Puma Zimbabwe, he recently bought shares on the Great Dyke investments platinum projects through the landela mining venture following the departure of the Zimbabwe national army. Together with Fowler, he helped form Innscor Africa Limited in 1997. Read More Meet The 10 Largest Carriers In The World 2023Continue, Read More The 10 Best Android Emulators For PCContinue, Read More Top 10 Richest Countries In Europe (2022)Continue, Read More The 12 Largest Deserts In The WorldContinue, Read More Easy Coach Ticket Prices, Booking, Bus Stations & ContactsContinue, Read More Tom Cruise Net Worth And Biography 2022 [Career, Age, Height]Continue, Your email address will not be published. 1961 . address: The But from the past few years, the continent has birthed lots of billionaires whose input in the economy of their nations accounts for large progress in Africa. . This is evident with the Marange fields which is the largest diamond-producing field in the world. Public asset : 11,465,232 USD. Forbes estimated his net worth declined 31% and his ranking fell 138 spots on the Forbes list of the wealthiest Americans. Recommended: Most Famous People In The World 2023. Name Net worth (USD) 1: Jeff Bezos: $113 billion: 2: Bill Gates: . Interestingly, he is a businessman who began his entrepreneurial journey at the age of 14. Ken Sharpe. [1], In February 2022, more information was forthcoming: Nicholas began his commercial career at the age of 11 by selling stamps from private collections to renowned collectors. Read Also: 10 Countries With Most Beautiful Women In Africa. In 1976, he founded a company that traded tobacco. Michael Fowler is definitely one of the richest men in Zimbabwe. Strive Masiyiwa, the creator and executive chairman of the Econet Group, is ranked #1 on the list of the wealthiest people in Zimbabwe. He is a very wealthy guy now. BREAKING NEWS! Africa used to and still is referred to as the poorest economy in the world. According to data tracked by Billionaires.Africa, the Zimbabwean businessmans stake in Axia Corp has lost ZWL1.51 billion ($4.7 million) in market value since the beginning of the year, owing to a recent decline in the companys shares on the Zimbabwe Stock Exchange. After the Panama leaks, it was exposed that he wired funds to his different companies based in Britain which were illegal in the country. This was apparently in violation of Zimbabwe's laws which prevent money earned in Zimbabwe from being transferred to offshore accounts unless approved by the central bank. Notify me of follow-up comments by email. Net worth: $734 million. In its 2018 and 2019 billionaires . All Rights Reserved. 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). Who is Mugabe's wife? There were also reports that Zed engaged in some illicit businesses by the Zimbabwean law. Together with Fowler, he helped form Innscor Africa Limited in 1997. . He recently acquired Trek Petroleum assets and leases them to the new brand owners. Reutenbacks participation in the construction of the Green Fuel Chisumbanje plant is regarded as his biggest achievement an eco-project that has created more jobs in Zimbabwe than any other in the last 20 years. While under the government of Mugabe in 2014, he made a shady deal that landed him $75 million in just three weeks. He is a rich tycoon that invests in lots of profitable businesses both within and outside the borders of Zimbabwe. Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. Born Wallace Chirumiko on February 1, 1983, in Kambuzuma, Harare, Winky began his music career in 2005. . Mambo Dhuterere launched his new album yesterday at HICC. Linked companies : Simbisa Brands Limited - Axia Corporation Limited - Innscor Africa Limited. Then, at such a young age, he started his real estate company. This article will give you the breakdown of Richest Men in Zimbabwe Net Worth. Holdings: Lance Kennedy owns a 10-percent stake in Zimplow Holdings, a diversified construction, infrastructure and agricultural equipment manufacturer and distributor. He peddled different items and made thousands of dollars at that early age. He also has interests in a wide range of other industries, such as banking, farming, and hotels. Zed Koudounaris, commonly known as Zed, is the co-founder of a multi-billion dollar company Innscor. His total fortune is estimated to be $734 million (603 million). Also see: Hardest Universities To Get Into 2023. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AllroundGist is an informative blog that keeps you abreast of the latest updates about celebs, rankings, finance, business, and travel. Age : 59. In Zimbabwe, the Safaris first operated as a hunting safari company. Some of them are worth hundreds of millions of dollars in cash and assets. . With his wealth, he invested in the diamond mining industry and sports marketing which contributes immensely to his net worth. Zed remains highly active in pursuing strategic growth . Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares Zimbabwean restaurant mogul Zed Koudounaris eyes Kenyan expansion for Simbisa brands, 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. The business has investments in East Asia Pacific Rim, Africa, Europe, South America, and North America. With a net worth of $590,000,000, Ian Saunders made a fortune even before he established his own business. With a net worth of $793,000,000, John Bredenkamp is one of the richest men in Zimbabwe. Zed Koudounaris. The majority of the nations millionaires and billionaires are also renowned for making substantial investments in the telecommunications industries. The Zimbabwean richest man was not in for games when he began investing in some of the highest-paying jobs in South Africa. Koudounaris has held a number of positions within the Group including Chief Executive Officer upon the Group's listing in 1998. It is not clear what happened to those accusations. Zinona Koudounaris . Joseph Crnkovic Responsible Corporate and Social Citizen, Director Hawkwood Fund Management Zed Koudounaris. He was the driving force behind the initial creation and success of the Innscor's core fast food . Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Save my name, email, and website in this browser for the next time I comment. Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation, Zimbabwes largest beverage manufacturer. Born in Bulawayo, Zimbabwe, he first worked for Kantor and Immerman before relocating to the UK. This is one of the richest people in Zimbabwe that pursues a career in sports. An example of data being processed may be a unique identifier stored in a cookie. Feyisayo holds a degree in geology from the acclaimed University of Ibadan. 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 value of the shares is based on prices at the end of trading on Aug. 20, and valuations are converted to U.S. dollars at current exchange rates. 2023 DeltaQuest Media Limited. The countrys involvement in the Second Congo War in 1998 as well as the Zimbabwe governments controversial land reform programme and the hyperinflation of the Zimbabwean dollar, and many other factors, all played a role in the economys downturn. The man with the biggest money bags in Zimbabwe is Strive Masiyiwa, the founder and executive chairman of Econet Wireless, a diversified telecommunications group. DeltaQuest Media Limited. In 2016 Koudounaris and Fowler were named in the Panama Papers as having opened four companies in the British Virgin Islands and transferring money from their salaries, against the countrys forex regulations. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Expansion of Simbisas footprint in Kenya remains a priority and in the six months to 31 December 2021, 26 new counters were opened in the market to close the period with 190 counters, Simbisa brands said in a regulatory filing. Takudzwa Shoko - Finance & Admin Manager. Zed Koudounaris. The business is also well-known for being a component of the Colcom, SeedCo Zimbabwe, SeedCo International, and Garfunkels organizations in Zimbabwe. Born in Zimbabwe, Zinona (Zed) Koudounaris completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree, majoring in Business and Computer Sciences. Besides, aside from these 10 figures, Zimbabwe has hundreds of businessmen that are millionaires in dollars. Zed Koudounaris. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. Kenya Instagram model Brenda Akinyi Ochola dies after drugs explode in Madzibaba Owen Chingondi spoils 15-year-old son with a brand new Toyota American students working to help improve infrastructure in Zimbabwe. Comments can be sent to: news@billionaires.africa. In Zimbabwe, Billy Conrad is a well-known businessman. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . His stake is worth $519.1 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. But just who are these successful businessmen? Bonnie Deuschle . Best known for constructing the Sam Levys Village shopping mall in Borrowdale, a suburb of Harare, Sam Levy was a self-made millionaire businessman and property developer. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co . He has held several managerial roles in some of Zimbabwes and South Africas biggest companies. . Mr. Zinona ("Zed") Koudounaris serves as the Chairman of the ACIA Aero Leasing Group Board and the Group's Investment Committee. Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. In his downtime, Chris enjoys traveling, gardening, collecting Cline Dion records, and taking (often unflattering) photos of his five rescue cats. Zed Kuodounaris is another businessperson who has successfully tapped into multiple sources of riches. Masiyiwa also owns 30.26 percent of Cassava Smartech, which is worth $145.1 million. He is also a significant investor. The mining industry is a major contributor to the nations economy. The capital of this country is Harare which is also rated as the largest and most populous city in Zimbabwe. 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. Holdings: Rutenhuro Moyo holds a 3.2-percent stake in OK Zimbabwe, a leading supermarket retailer covering groceries, basic clothing and textiles and houseware products. According to social media reports Ochola, better Rimo Jackson, the man who lived and travelled everywhere with the late Genius 'Ginimbi' Kadungure, has given an interview to Techmag TV. 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. Zed is a founder shareholder of Innscor. The only listed entity on the Zimbabwe Stock Exchange (ZSE). He gained affluence through his hunting business which he began in the late 1990s. Zimbabwe is one of the emerging nations with the fastest rates of growth. 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. The world's premier source of news on Africa's billionaires and UHNWIs. Zed Koudounaris. city of pomona water resources department; ucsd hdh connect; david millbern partner; zed monopoly net worth zed monopoly net worth zed monopoly net worth Net worth: $1.2 billion. Net worth on the ZSE: $664.3 million . Koudounaris, a Zimbabwean businessman and serial investor who founded Simbisa Brands, a fast-food restaurant operator with operations in Southern and East Africa, owns 20.6 percent of Harare-based Axia Corp. At the time of writing, shares in the leading group had fallen by 11.8 percent since the start of the year, from ZWL111.216 ($0.345) to ZWL98.003 ($0.304), bringing the groups market capitalization below ZWL55 billion ($175 million). He has served as Non-Executive Director of Innscor Africa Limited since April 1996. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. The company gained an international presence and alongside his partner Zed Koudounaris, they were both implicated in illicit financial transactions in Britain. Zed Koudounaris. Rob Davenport is another significant foreign investor in the nation. Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the 20 richest people who own stocks listed on the Zimbabwe Stock Exchange. The top-5 investors on the bourse control a total 43.93 percent of the Zimbabwe Stock Exchange. Your email address will not be published. He founded the Casalee Group of companies in 1976, which was primarily a leaf tobacco merchant company, eventually becoming the fifth largest tobacco merchant in the world and effectively making Bredenkamp one of the richest people in Zimbabwe. Although Nicholas Van Hoogstraten was born in England, he spent a significant amount of time there and became a citizen there. Zed is a mega-rich mogul, Zimbabwean businessman, and entrepreneur who co-founded Innscor African Limited alongside Michael . With the affluence he has gained over the years he is a philanthropist and humanitarian in Zimbabwe, providing over 100,000 students with scholarships. As per "The Guardian"- Bredenkamp has an estimated worth of $793 million (700 million) which he has earned from tobacco trading, diamond mining, and sports . Fowler is currently the brains between a new Gold mine, he co-founded Innscor Africa as a chicken shop in 1987. Required fields are marked *. 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. He reportedly built Sam Levys Village without municipal permission and only regularised the complex when authorities threatened to demolish it. Zed has held a number of positions within Innscor, including Chief Executive Officer upon the Group's listing in 1998. Born in 1968, Ian Saunders has held many technical and managerial roles in South Africa and Zimbabwe and has more than 20 years experience in the mining industry. Zimbabwe among other countries has managed to produce a number of individuals ranked as the richest in Zimbabwe and beyond despite the dilapidated economy. Charles Davy, who was born in 1952, is the seventh wealthiest person in Zimbabwe and is well-known for owning over 1300 square miles of property there through Lemco Safaris and HHK Safaris. Wednesday, March 31, 2021 at 10:04 AM by Barbara Davis. His net worth is $734,000,000. Zimbabwe has some assets and resources to be proud of. 2023 Billionaires.Africa. Tagwirei founded Sakunda in 2005. He had a humble childhood as an early orphan.