Zimbabwe, located in Southern Africa, is a landlocked country bordered by South Africa, Zambia, Botswana, and Mozambique, right in the middle of the Zambezi and Limpopo rivers. This country has an abundance of natural resources, including minerals like gold, diamonds, platinum, lithium, and chrome, as well as huge forests and large tracts of arable land.
Over the years, a number of individuals in Zimbabwe have amassed considerable wealth. Below are some of the sources of this wealth.
- Mining and natural resources
- Technology
- Telecommunications
- Real Estate
- Energy
- Agriculture
- Infrastructure
- Exports
- Diversified investments.
Top 10 Richest People in Zimbabwe
- Ian Saunders
- Ian Saunders is the CEO of New Dawn Mining Corp, which specializes in gold mining. He has played a significant role in the growth of Zimbabwe’s mining sector, as well as the economy as a whole, through increased export revenues and job creation.
- This individual has a net worth of $190 million.
- Shingai Mutasa
- Shingai Mutasa is the founder and group CEO of Masawara PLC, an investment company listed on the London Stock Exchange. This millionaire has made his money from finance and real estate, and has interests in finance, agrochemicals, hospitality, and technology sectors.
- This wealthy individual is worth $220 million.
- Moses Chingwena
- Moses Chingwena is one of the top 10 richest people in Zimbabwe. His main interest is in the automotive industry, with other interests in real estate, financial services, and agriculture.
- This individual, who is the founder and executive chairman of Croco Motors, is worth $250 million.
- John Moxon
- John Moxon is the chairman of Meikles Limited, a conglomerate that has interests in hospitality, mining, retail, and agriculture. He formed this company in 1970, and currently holds a 48.4% stake in it.
- John Moxon has a net worth of $300 million.
- Philip Chiyangwa
- Philip Chiyangwa is a businessman, politician, and the founder of Native Africa Investment Ltd and Midiron Investments. He is also the owner of Pinnacle Property Holdings.
- This individual, who is heavily involved in the real estate and manufacturing sectors, has a net worth of $400 million.
- Billy Rautenbach
- Billy Rautenbach, with a net worth of $700 million, is one of the most influential figures in Zimbabwe. Through his company, Wheels of Africa, he has invested heavily in mining, farming, and transportation.
- This man’s business interests extend into South Africa, Angola, and Mozambique.
- Zed Koudounaris
- Zed Koudounaris is the co-founder of Innscor Africa Limited, a large company that is a leading retail and food conglomerate in Zimbabwe.
- This highly successful businessman is currently worth $600 million.
- Kenneth Sharpe
- Kenneth Sharpe is the CEO of West Property Holding, a company that has undertaken several major housing projects in Zimbabwe. These projects include Mainway Meadows and Kuwadzana 4 Extension.
- This individual, a major player in the country’s real estate sector, is worth $800 million.
- Kudakwashe Tagwirei
- Kudukwashe Tagwirei, another of the top 10 richest people in Zimbabwe, is the founder and executive chairman of Sakunda Holdings. He is a dominant player in the energy sector, with expansive energy holdings around the country.
- This businessman, who also has interests in logistics, manufacturing, and agriculture, is worth $850 million.
- Strive Masiyiwa
- Strive Masiyiwa is the founder and executive chairman of Econet Global and Cassava Technologies. He currently has a 38% stake in Econet Global and a 33% stake in EcoCash, Econet’s mobile money transfer service.
- Apart from his interests in telecoms, this individual has interests in fintech and renewable energy. He also runs the Higherlife Foundation, an active philanthropic organization in Zimbabwe,
- This highly successful individual is worth $1.8 billion.
These top 10 richest people in Zimbabwe, through their business ventures and investments, have influenced Zimbabwe’s economy positively.