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Top 10 Richest Zambians And Their Estimated Net Worth

Let us look at the below list of Top 10 Richest Zambians in 2016 and 2017. Zambia has one of the fast-paced economies in the entire world for the last ten years. Its GDP growth rate is averaging roughly around 6.7% per annum. This is due the hard work of the businessman of the Zambia. These businessmen had out in all their efforts and expanded their business to earn more and establish themselves. The people who took the advantage of GDP and also contributed to it are now millionaires in Zambia. These people also are influential and have good hold on Zambia’s GDP. Many of these people have joined politics too.

Families like Galaun family, Andrew Sardanis establishment, Lawrence Sikutwa, Mark O’donnell etc may come next time in the top ten list as they have featured quite often on the listings in the past few years.

Here are the 10 richest Zambians peoples in 2016-2017

(10) Geoffrey Bwalya Mwamba (not officialy disclosed)

Geoffrey Bwalya Mwamba Richest Zambians 2016

Geoffrey Mwamba is a Zambian entrepreneur who is best known for his faultless business skills. He is now turned into a politician. Most of the Zambians people know him better from the political perspective. He is presently the Kasama District Member of Parliament and the vice president of United Party for National Development. He was also the former Defence Minister.

(9) E.S Sikasukwe (Net Worth – $ 184 million)

E.S Sikasukwe is the one and only female who has come on top ten listings of the richest Zambians which was ranked by Forbes. She has a total worth of $ 184 million.

(8) Satwant Singh (Net Worth – $ 198 million)

Satwant Singh Richest Zambians 2018

Satwant Singh is Zambia’s rally driver. Eight times he has got victory in “African Championship”.
He is a celebrated figure and very well recognized in motor sport, particularly in the region of Central and Southern Africa. He is also a very flourishing entrepreneur and businessman.

(7) Charles Milupi (Net Worth – $210 million)

Charles Milupi Richest Zambians 2017

Charles Milupi is Zambian businessman who turned into a politician. His net worth is estimated to be $210 million.

Assets of Charles Milupi’s consists of 60,000 shares of Copperbelt Energy Corporation Plc which are have a value more than K4 billion, 60% shares of Tiiseza Zambia Ltd which have a value of K1.8 billion and 100 000 shares of Lafarge cement which have a value of K750 million.

(6) Carl Irwin/Irwin family (Net Worth – $237 million)

Carl Irwin Richest Zambians 2016

Carl is founding director of the “Zambeef Products”. This company has grown from a small butchery business into a big Zambian multi-national conglomerate which is also listed on both London and Lusaka Stock Exchanges.


Carl is a proud Zambian citizen. He lives with his family on a farm which is on Leopards Hill Road, Lusaka. Irwin’s achievements were highlighted recently where he was honored doctorate in Business and Entrepreneurship by Copperbelt University.

(5) Hanson Sindowe (Net Worth – $248 million)

Hanson Sindowe Richest Zambians 2018

Hanson is the chairperson of Copperbelt Energy Corporation Plc and also the Co-founder and director of the Zambian Energy Corporation. He also presently serves as the several Boards of Directors.
Hanson net worth is estimated to be $248 million USD.

(4) Dr Rajan Mahtani (Net Worth – $ 293 million)

Dr Rajan Mahtani Richest Zambians 2018

Rajan Mahtani is a Zambia based business tycoon. He is the Chairperson of “Finance Bank Zambia Ltd”.

Dr Mahtani is affiliated to Chartered Association of certified Accountants. He had pursued his career in the field of Finance and Law. He also holds a PhD in Commercial Law which he did from London institute of Business Studies.

Also Read: Richest Zambian Musician

(3) Robin Miller (Net Worth – $ 301 million)

Robin Miller Richest Zambians 2017

Miller is Managing Director at Real Estate Investments, Zambia and Managing Director of the Farmers House. Robin has also been a part of the Board of Zambian Wildlife Authority, member of Republic of Zambia, Chairperson of Post Newspaper and was the founder Chairman of Tourism Council of Zambia.
He is also the trustee of Game Rangers International /David Shepherd Wildlife Fund.

(2) Noble Findlay (Net Worth – $ 310 million)

Noble Findlay Richest Zambians 2016

In 1992, Noble Findlay had found “Autoworld”. Findlay is chairperson of company “Autoworld”. It caters to the needs and requirements of any vehicle or a boat and it has a widespread range of quality assured products and services.

After 23 years, he had expanded “Autoworld” and presently it has 11 branches all over Zambia. Now, Noble Findlay is the second richest person in Zambia.

(1) Hakainde Hichilema (Net Worth – $389 million)

Hakainde Hichilema Richest Zambians 2017

Hakainde is a Zambia based businessman. He is a politician and is the President of the opposition party which is the United Party for National Development.

He is a presidential candidate who has contested four times since 2006, 2008, 2011 and 2015 and also has a net worth of $389 million which makes him most richest person in Zambia.
Conclusion –

Businessmen of Zambia worked very hard and also expanded their business to earn more and establish themselves. The people who took the advantage of GDP and also contributed to it are now millionaires in Zambia. These people also are influential and have good hold on Zambia’s GDP. With this speed, Zambia can make global presence in a very short period of time.


Written by How Africa

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