He was born in 1959 and took over the family business, Wheels of Africa, turning it into the largest trucking company in Africa. In 2002, he was charged with manslaughter of a business rival and sentenced to 10 years in prison. His eldest son Isaac took over the business upon his death. Casalee was sold in 1993, and he has since expanded his business interests into many other different areas, including grey-market arms dealing, sports marketing and diamond mining. Below is the list of Top Five Billionaires in Zimbabwe. Since he took charge, the business has grown to become one of Africas major transportation enterprises. All Rights Reserved. Koudounaris, one of Zimbabwe's most successful businessmen, is the founder of Simbisa brands. [ April 12, 2023 ] Guns out for Hopewell Chin'ono, CCC accuses him of discrediting the party Headlines [ April 12, 2023 ] Man City beats Bayern 3-0 in Champions League quarterfinals Sports Zed Koudounaris. 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 the Group and was the driving force behind the initial creation and success of the Group's core fast food brands. Who is the richest man in Zimbabwe 2021? - Promisekit.org In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Zed Koudounaris. Michael Fowler. According to Zimbabwean law, this is prohibited unless authorised by the Zimbabwe Reserve Bank which, naturally, was not. 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. The business is also well-known for being a component of the Colcom, SeedCo Zimbabwe, SeedCo International, and Garfunkels organizations in Zimbabwe. 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. Zed started Innscor Africa Limited with his friend Michael Fowler in 1997. 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. The country currently has a GDP of $28 million which is a testimonial of the improving economy of the country. Who is Zed Koudounaris? Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co . Recommended: Most Handsome Nigerian Male Musician. 0333 344 7476. flare network coinbase. Some of them are worth hundreds of millions of dollars in cash and assets. His stake is worth $519.1 million. It is also well known that their firm, Innscor, has holdings in Irvines, Profeeds, ProBrands, NatPak, and Profeeds. Koudounaris, one of Zimbabwes most successful businessmen, is the founder of Simbisa brands. 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. Known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent, Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. Ken Sharpe. Should be on the list too, Your email address will not be published. But just who are these successful businessmen? Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. He enlisted in the merchant navy six years later, but just for one year. He is also a Developer with knowledge in HTML, CSS, JS, PHP and React Native. The explorative industries in the country are the mining, tourism, and agriculture sectors. Zimbabwean Canadian Community Magazine- for Zimbabweans in Canada. Posted by Staff Writer | May 7, 2019 | All Articles, Entrepreneurs Profiles, ZSE | 0. Your email address will not be published. The only listed entity on the Zimbabwe Stock Exchange (ZSE). #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . . Additionally, both of them own a major share in other Zimbabwe Stock Exchange-listed companies in Axia . The top-5 investors on the bourse control a total 43.93 percent of the Zimbabwe Stock Exchange. The world's premier source of news on Africa's billionaires and UHNWIs. 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. The Top 10 Wealthiest Men in Zimbabwe are listed below. Van Hoogstraten's net worth is unknown, but he is a major investor on the stock market and has a large farming estate in the Midlands province, where Mnangagwa comes from. It would be difficult to give a specific number of millionaires in Zimbabwe. He eventually stabilized his company and has grown it into a multi-billion dollar company today. As the creator of the Miekles Group of Companies and a distant relative of Thomas Miekles, John Moxon is well recognized. At age 28, he was the countrys youngest millionaire. Business interests of Billy Rautenbach include truck sales, gold and diamond mining, vehicle manufacture, and agriculture. He began his entrepreneurial journey at a young age. His 18.41-percent stake in the company is worth $60.4 million. 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? The event Kenyan Instagram influencer Brenda Akinyi Ochola died yesterday affer drugs she was allegedly trafficking bust in her stomach. You only need to look at Simbisa Brands to understand this. In his downtime, Chris enjoys traveling, gardening, collecting Cline Dion records, and taking (often unflattering) photos of his five rescue cats. 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. Currently, he holds a seat on five corporate boards, including New Dawn Mining Corp where hes the CEO. He has held several positions within Innscor and was its Chief Executive Officer when it listed on the Zimbabwe Stock Exchange (ZSE) in 1998. Who is the richest man in Zimbabwe 2020? - 2023 He operates in the real estate and agriculture industry, having 1,300 square miles of land in the country. Top 10 Richest Men In Zimbabwe 2021 - Information - NaijaQuest.Com 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. Holdings: Lance Kennedy owns a 10-percent stake in Zimplow Holdings, a diversified construction, infrastructure and agricultural equipment manufacturer and distributor. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. BREAKING NEWS! 20 richest investors on the Zimbabwe Stock Exchange Masiyiwa is the founder and executive chairman of Econet Wireless, a diversified telecommunications group. . Sam Levy Family. In 1976, he founded a company that traded tobacco. 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. Recommended: Best Science Courses To Study In The University 2023. Strive Masiyiwa is the only official billionaire in Zimbabwe, hes a billionaire in dollars. 2023 Billionaires.Africa. Although hes now considered a Zimbabwean, John Bredenkamp was born in South Africa, where he spent his first few years growing up. Notify me of follow-up comments by email. The 20 richest investors on the Zimbabwe Stock Exchange Thankfully, they are doing pretty well just like their father would. . Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since . In the 1990s, John Bredenkamps company became the largest tobacco merchant in Zimbabwe. The largest Platinum reserves are also resident in this country to give a clear picture of how lucrative the mining industry in Zimbabwe is. Born in Shoreham-by-Sea, England in 1945, Nicholas van Hoogstraten is currently the third richest person in Zimbabwe. Koudounaris 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 . 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. He covers topics ranging from company valuations to educational technology. In this post, we will explore the 10 richest men in Zimbabwe as of 2022, as well as how they have been able to accomplish their wealth. Net worth on the ZSE: $664.3 million. zed letter; zed us; Sort by: Most popular. Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation, Zimbabwes largest beverage manufacturer. The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. Vector signs of nap, rest, dream or relax sound, comic book text sound effects with ZZZ . He has over 600 employees currently working under him from black African homes. Masiyiwa also owns just over half of the private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across 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. 2023 AllroundGist | Designed and Managed by AllroundGist. Zeds interests now include other ZSE listed companies like Padenga, Axia Holdings and Simbisa Brands. He and Zed were friends and business partners initially before they both decide to establish a company. Zimbabwe has experienced one of the worst economic and political crises in history, and this is demonstrated by the countrys widespread poverty and unemployment rate which rose to a staggering 94% in 2008. Zedd net worth 2021: Is he the richest DJ in the world? After the Panama leaks, it was exposed that he wired funds to his different companies based in Britain which were illegal in the country. Its reputation as a tourist destination is once again improving and many successful businessmen continue to invest in different sectors in the country, including telecommunications, mining and manufacturing. In fact, he is also referred to as the African Napoleon. CEO and Director at Sakunda Holdings Group and a businessman with vast interests in the energy sector, transport and mining. All rights reserved, Richest Men In Zimbabwe 2023: Top 10 Wealthiest. He is on the board of Innscor Africa Ltd. (former CEO & Non-Independent Non-Executive Director), Simbisa Brands Ltd. and . Holdings: Trynos Kufazvinei holds a 3.4-per cent stake in the financial services group, FBC Holdings. At the moment, Zed sits on a number of boards which include Innscor Africa Limited, Simbisa Brands and Axia Corporation Limited. The Brains & Owners Behind the Famous Chicken Inn outlet The Sam Levy Family's net worth is over $677,000,000. zed koudounaris net worth document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Top 10 Most Expensive Cars in the World ([year]), Top 10 Highest Paying Jobs In South Africa ([year]), Top 10 Ways to Save Your Mobile Data: Surefire Tips [year], Top 10 Most Stable Currencies in the World ([year]), How To Download Videos From Pinterest: PC/Mobile Method, How to Download Video from Facebook ([year] Tutorial), Light Downloads: How to Download Movies from LightDL.xyz, Get Free 6,000 Active Nigerian Email Addresses Database List, Top 10 Best Currencies to Invest In ([year]), Top 10 Sites to Download Korean Movies for Free [year], John Grisham Net Worth and Biography ([year]). This is as a result of the substantial contributions made by the populace to the advancement of the nation. Zinona (Zed) Koudounaris Profile - StartupBiz Zimbabwe Life became even more catastrophic when his father shot his mother, and his sister, and then committed suicide. Nevertheless, there are hundreds of Zimbabwean men and women that are millionaires in dollars. . 15) Othman Benjelloun (Morocco) Net worth: $1.3 billion (2021) Age: 88. He is an accomplished businessman who co-founded Innscor Africa Limited with Zed Koudounaris in 1996. He is among the founder of Innscor Africa Limited together with Fowler in 1997. Join the conversation below and share your opinion with us! He was formerly a rugby player in Zimbabwe before he ventured into business. Join us as we take a look at the top 10 richest people in Zimbabwe. Approximately 50% of the mobile phone firm is owned by Strive Masiyiwa. He owns a 47-percent stake in Meikles through his private investment company, Gondor Capital. . He is one of the richest people in Zimbabwe with a ton of luck and miracles. The man with the biggest money bags in Zimbabwe is Strive Masiyiwa, the founder and executive chairman of Econet Wireless, a diversified telecommunications group. His business now provides employment to over 600 black families in Zimbabwe. He is currently a board member of the five major mining companies in Zimbabwe, of which New Dawn Mining Corporation is a party. 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. He founded his own company Caselle Group Of Companies in Belgium after many years of hard work and persistence. Grace Mugabem. Most of the richest men in Zimbabwe are business persons, owners of conglomerates, and oil magnates; which are the major contributors to the Gross economy of the country through the deposits, and turnover estimated from those industries and numerous ventures. He is also a significant investor. Net worth on the ZSE: $664.3 million . This business ended up becoming what is known as West Group today. 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. As the editor-in-chief of CareerAddict, Chris oversees our content strategy and editorial operations. International brands such as Dominos Pizza, Subway, Kentucky Fried Chicken and ice cream seller Cold Stone Creamery have recently opened more stores in Kenya, as more global players in the quick service restaurant industry look to emerging markets such as Africa for growth. He is a very wealthy guy now. 14,400+ Zed Stock Photos, Pictures & Royalty-Free Images - iStock 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. Reports say many government officials and ruling party types throng Khumbulas office seeking financial favours from Koudounaris. His net worth is $734,000,000. Chelsy Davy, his daughter, was Prince Harrys on-and-off lover between 2004 and 2011. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his . The mining industry is a major contributor to the nations economy. Notify me of follow-up comments by email. The 10 Richest Presidents In Africa [Updated], 10 Countries With Most Beautiful Women In Africa. The company was set up 1993 and is now one of the largest business empires in the world. 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. 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. Strive Masiyiwa had to spend a few years fighting through the governments opposition. Holdings: Thomasmore Chataika holds a 6.6-percent stake in Zimplow Holdings. Holdings: Albert Katsande holds a two percent in OK Zimbabwe. This company used to be a chicken store before it was reformed into a manufacturing and sales company. All Rights Reserved. Born in South Africa in 1940, John Bredenkamp moved to then Rhodesia with his family when he was a child. Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. The richest men in Zimbabwe are not just wealthy to stock their pockets and flaunt their fame. Zed is a mega-rich mogul, Zimbabwean businessman, and entrepreneur who co-founded Innscor African Limited alongside Michael . He owns a 19.2-percent stake in Insscor Africa worth $131.3 million. Summary. . 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. Other mining companies such as Golden Quarry and Dalny Mine are affiliated with Falcon Gold. Zimbabwean restaurant mogul Zed Koudounaris eyes Kenyan expansion for Simbisa brands. The Sam Levy Familys net worth is over $677,000,000. The fact that he managed to keep it during President Robert Mugabes land seizures in the 2000s still stirs controversy, and he reportedly made his fortune from his links with Mugabe and his regime. Billys businesses mostly focus on haulage, farming, wildlife safaris, cobalt mining, and automobile manufacture. vilken harry potter karaktr r jag mest lik. He is a rich tycoon that invests in lots of profitable businesses both within and outside the borders of Zimbabwe. He started a confectionery business in 1990 which later evolved into the West Group. With a net worth of $743,000,000, Rautenbach built his business empire expanding to more than 12 countries on the continent including DRC, Zimbabwe, South Africa, Angola and Mozambique with Sabot as the cash cow. Simbisa currently operates 413 Quick Service Restaurants (QSR) in 9 countries across Africa. He is also a long time ally of Emmerson Mnangagwa, he is very close to senior politicians in Zimbabwe since the 1998 DRC war. The country has experienced stringent political situations and diverse monetary crises since its existence. His major Econet Group is headquartered in Mauritius. Continue with Recommended Cookies. Together with Zed Koudounaris (who also appears on this list), Michael Fowler co-founded Innscor Africa as a chicken shop in 1987. With a highly successful business, Ken Sharpe has a net worth of $690,000,000. Your email address will not be published. Required fields are marked *. Alick Macheso - Net worth $3 million. 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. In Zimbabwe, Billy Conrad is a well-known businessman. Popularly known as Zed, Zinona Koudounaris is the co-founder of Innscor Africa Limited. He began working in a tobacco company just after he graduated from school. He is a recognized businessman who, via his multiple business endeavors, employs thousands of people in Zimbabwe. Shocking Munatsi death not diligently investigated yet Zimbabwes richest man and founder of Econet Global ltd owns 43.7 percent of Econet Wireless Zimbabwe the countrys largest mobile telecom company. Richest People In Zimbabwe (2019) - Pindula Zed Koudounaris. Copyright 2023 Bscholarly LLC. Today, he has a net worth of $750,000,000. Nevertheless, John Bredenkamp grew up to become an accomplished businessman. Public asset : 11,465,232 USD. He is an accomplished businessman who co-founded Innscor Africa Limited with Zed Koudounaris in 1996. The consent submitted will only be used for data processing originating from this website. 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, according to media reports. 15 Richest People in Africa - Yahoo Finance He has served in that capacity as the businesss CEO since 2004. Zimbabwe has 16 official languages, but despite the tribal and language differences of the citizens in this country, they continue to co-exist in harmony to ensure the continual development of the nation. [2], Zimbabwe's Innscor Africa Directors Ensnared in Panama Papers, Mnangagwas oligarchs: The heirs of Cecil Rhodes. Kenneth Raydon Sharpe professionally known as Ken Sharpe is one of the richest men in Zimbabwe and the founder of West Group of Companies. Michael Fowler. Meet The 10 Largest Carriers In The World 2023, Top 10 Richest Countries In Europe (2022), Easy Coach Ticket Prices, Booking, Bus Stations & Contacts, Tom Cruise Net Worth And Biography 2022 [Career, Age, Height]. He is the editor-in-chief of Billionaires.Africa. 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. Mr Koudounaris is also believed to have other interests in farming, mining, real estate and tourism. He gained affluence through his hunting business which he began in the late 1990s. The current chairman and founder of Falcon Gold Limited are the ninth on our list of richest men in Zimbabwe. Africa used to and still is referred to as the poorest economy in the world. 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. Innoscor is one of Zimbabwes top corporations as a result of the two magnates immense to the growth of their business. He is the Chairperson and founder of Econet Wireless; a company that deals in telecommunication. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . Nyaradzo Group Diversifies Into Agriculture, How to start a commercial gym in Zimbabwe, 6 Top Websites To Test Your Coding Skills For Free, How to develop a life-long learning mindset. He founded a supermarket in 1960, The Maceys store limited. Also Read: Catherine Paiz - Age, The Ace Family, Net Worth In 2018, Zed initiated a YouTube channel, Zeducation which has over 911k subscribers on his YouTube channel as of April 2022. Directorate & Management - Innscor Africa Limited Real deal: Shocking Munatsi death not diligently investigated yet +254 065 62456, +254 65 62075 | info@samburu.go.ke. Angolan tycoon Carlos Manuel de Sao Vicente sentenced to nine years over graft, Kenyatta, Merali and Ndegwa families will receive nearly $8.9 million in dividends from NCBA Group, 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.

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