He eventually stabilized his company and has grown it into a multi-billion dollar company today. 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 AllroundGist | Designed and Managed by AllroundGist. Zimbabwe has some assets and resources to be proud of. Top 10 Richest Men in Zimbabwe & Net Worth - Best Online Portal At the moment, Zed sits on a number of boards which include Innscor Africa Limited, Simbisa Brands and Axia Corporation Limited. Age : 59. Koudounaris, one of Zimbabwe's most successful businessmen, is the founder of Simbisa brands. He completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree, majoring in Business and Computer Sciences. 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. Required fields are marked *. The Top 10 Wealthiest Men in Zimbabwe are listed below. His total fortune is estimated to be $734 million (603 million). Prominent names featuring on the list include Innscor Africa directors Zinona (Zed) Koudounaris and Michael Fowler, John Legat, Kingstone Munyawarara and former Cottco chief executive Happymore Mapara. Who is the richest man in Zimbabwe 2021? - Promisekit.org The company was started by Zinona Koudounaris, a Rhodes University alumna who made significant contributions to the creation of the first fast food restaurants as well as to the strategy and effective . Business interests of Billy Rautenbach include truck sales, gold and diamond mining, vehicle manufacture, and agriculture. 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). Born in Shoreham-by-Sea, England in 1945, Nicholas van Hoogstraten is currently the third richest person in Zimbabwe. 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 . His business now provides employment to over 600 black families in Zimbabwe. 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. 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. Forbes estimated his net worth declined 31% and his ranking fell 138 spots on the Forbes list of the wealthiest Americans. Zed has held a number of positions within Innscor, including Chief Executive Officer upon the Group's listing in 1998. Net worth on the ZSE: $101.1 million. He began his entrepreneurial journey at a young age. He is the Chairperson and founder of Econet Wireless; a company that deals in telecommunication. Your email address will not be published. His eldest son Isaac took over the business upon his death. 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. He is a recognized businessman who, via his multiple business endeavors, employs thousands of people 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. There were also reports that Zed engaged in some illicit businesses by the Zimbabwean law. He has served as Non-Executive Director of Innscor Africa Limited since April 1996. Billys businesses mostly focus on haulage, farming, wildlife safaris, cobalt mining, and automobile manufacture. 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. 1996-2019 Sally Mugabem. 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. Real deal: Shocking Munatsi death not diligently investigated yet Zed Koudounaris. John Bredenkamp, who was born in South Africa in 1940, later migrated to Rhodesia as a young child. Holdings: Trynos Kufazvinei holds a 3.4-per cent stake in the financial services group, FBC Holdings. This business ended up becoming what is known as West Group today. The Sam Levy Family's net worth is over $677,000,000. In 1976, he founded a company that traded tobacco. Together with Zed Koudounaris (who also appears on this list), Michael Fowler co-founded Innscor Africa as a chicken shop in 1987. Required fields are marked *. Net worth: $1.5 billion Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. Do you have anything youd like to add? As a result of the recent decline in the companys shares, the market value of Zed Koudounaris stake in Axia Corp has dropped by 11.8 percent from ZWL12.75 billion ($39.59 million) on January 5 to ZWL11.23 billion ($34.88 million). The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. He was born in 1959 and took over the family business, Wheels of Africa, turning it into the largest trucking company in Africa. The 10 Richest Presidents In Africa [Updated], 10 Countries With Most Beautiful Women In Africa. The successful and influential businessman is one of the richest people in Zimbabwe currently. Zed. Below is the list of Top Five Billionaires in Zimbabwe. Zimbabwe among other countries has managed to produce a number of individuals ranked as the richest in Zimbabwe and beyond despite the dilapidated economy. Before becoming the fifth largest tobacco retailer in the world, the firm was predominantly a leaf tobacco trader. His story is quite a fascinating one: at the age of 11, he began selling stamps to collectors which he claimed to be worth as much as $30,000 (about 24,650). Mfonobong Nsehe contributed to this report. 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. Your email address will not be published. Top 10 Richest Men In Zimbabwe 2022; Current Net Worth Holdings: Econet Wireless Zimbabwe, Cassava Smartech .
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