Top 10 Richest People in Zambia

According to the criteria for making this list, we did not include some obvious government officials (former or current) because we all know that most of them looted Zambia’s public funds therefore it would be unfair to rank them together with individuals who solely worked hard to earn their great fortunes.

Disclaimer – This might not be as factual because most of the named individuals have not officially disclosed their net worth for public reference and this is a product of Africa Cradle’s business investigative journalism unit.


10.Geoffrey Bwalya Mwamba is a Zambian businessman now turned politician who has been known for his immaculate business skills. However, most Zambians have come to know him more from a political perspective.



9.Charles Milupi is another Zambian entrepreneur turned politician. Milupi’s assets include 60 000 shares in Copperbelt Energy Corporation Plc (C.E.C) valued over K4 billion (old currency), 100 000 shares in Lafarge cement valued at K750 million (old currency) and 60% shares in Tiiseza Zambia Ltd valued at K1.8 billion (old currency).



8.Hanson Sindowe is the chairman of Copperbelt Energy Corporation Plc, co founder and Managing director of the Zambian Energy Corporation (Zam-En) and currently serves on several Boards of Directors.


7.Hakainde Hichilema’sassets are declared to be over K46 billion (old currency). Hichelima’s land and building assets are way over K22 billion (old currency).


Andrew Sardanis - the book is a detailed examination of most major events in our history since independence - Picture by Leonard Musabula

6.Andrew Sardanis is a Zambian businessman who owns quite a number of businesses amongst them is Chaminuka. Chaminuka is an exquisite village on a hill overlooking Lake Chitoka. Chaminuka has a huge collection of private contemporary African paintings and sculptures as well as traditional artifacts.



Written by PH

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