Forbes Release 2018 Top 10 Richest Zambians

These above are the Top 10 Richest Zambians 2018. Zambia is definitely doing well with their economy and these are just a few of the people who contribute to the wellness of the country’s economy through their flourishing businesses and great ideas. Zambia has one of the most consistent growth levels in terms of G.D.P around the world. They register an impressive 6.7% average growth in G.D.P every year. The businessmen and women in the country are working really hard to ensure that the economy stays aloof. Other than that the privatization of the copper mining industry in their country has helped their economy a great deal as they greatly benefit from the production of copper.

The richest Zambians are owners of reputable businesses having been able to build business empires. For some of them, their success has enabled them to clinch powerful leadership positions in the political arena. Here is a list of the who is who in Zambia.

Check out the richest person in Zambia 2018

10. Andrew Sardanis


This business man has managed to create a whole other concept to tourism by combining wildlife art and luxurious living through his impeccable property known as Chaminuka village. The village sits in the middle of wildlife and boosts of having an art heritage of about 50 years from all around Africa. This is truly a beauty to behold. One can only imagine its worth.

9. Charles Milupi


This is also another wealthy business man who has tossed himself into the field of politics. He has been able to grow his wealth by making wise investments. He owns shares in a number of successful companies namely, Lafarge Cement Company, Tiiseza Zambia Ltd, and the Copperbelt Energy Co-operation.


8.Geoffrey Mwamba


He is also district Member of Parliament for Kasawa in Zambia which tells us that apart from business, his focus is also on politics. He is an immaculate business man. He has also served as the minister for Defense in his country between the years of 2011 and 2013. He is hardworking and ambitious man mostly popular for his political career.


7. Carl Irwin


Carl Irwin and his family are the brains behind Zambeef products, one of the largest meat companies in Zambia. They have risen from humble beginnings starting from owning just one butchery to growing it into multi-national company. Noteworthy is that the company has been listed in both the London stock exchange as well as the Zambian stock exchange.


6. Mark O’Donnel


This business mogul is an expert in real estate. He owns a number of malls and he also has great interests in the hotel industry with well over seven hotels. He has been able to rise because of his great ability to strategize and get the best out of any deal. He is a very smart business man. Currently, he has been able to partner with Africa’s largest hotel group to bring up another luxurious hotel.


5. Dr. Rajan Mahtani

Dr. Rajan Mahtani’s business empire is large and He also doubles up as the chairman of Finance bank limited. The man is well read as well. Apart from being a certified accountant, he also has a P.H.D in commercial law. It is safe to say that this business tycoon is well worth an average of 293 million dollars.


4. Robin Miller

This woman has risen to the top thanks to her entrepreneurial prowess especially in the area of real estate where she has been extensively involved. She also takes a keen interest in wildlife and so she has sat on the boards of many wildlife trusts such as the David Shepherd wildlife trust.


3.Noble Findlay

Noble is the founder of Auto-world. This one of the biggest motor shops in all of Zambia with eleven branches spread across the country. He founded the company with his wife and two sons hence this is in all essence a family company. The man is said to be worth an average of 310 million dollars. The company sells cars, boats as well as other motor products.


2. Edgar Chagwa Lungu

Edgar Chagwa Lungu (born 11 November 1956) is a Zambian politician who has been the President of Zambia since January 2015. Under President Michael Sata, Lungu served as Minister of Justice and Minister of Defense. Following Sata’s death in October 2014, Lungu was adopted as the candidate of the ruling Patriotic Front for the January 2015 presidential by-election, which was to determine who would serve out the remainder of Sata’s term. In the election, he narrowly defeated opposition candidate Hakainde Hichilema and took office on 25 January 2015.

President Edgar Chagwa Lungu has powered his way into immense wealth over the past two years of his Presidency -from the net worth of K2 million in 2015 to over K27 million in 2016 (one year). As at the end of December, 2017, President Edgar has moved remarkably to the second spot of the richest people in Zambia with a net worth of around 400 million dollars. His source of wealth is his investment with Scania trucks and holding majority shares with undisclosed top companies in Zambia.


1. Hakainde Hichilema

This list would not be complete if we forgot to mention business mogul Hakainde Hichilema who also doubles up as a politician. As a matter of fact He is the opposition leader in Zambia. He is well read, with an MBA in Finance from a top university in London. He is a millionaire and he happens to own one of the biggest ranches in Zambia.