Zambia, a country with significant economic growth and natural resources, is home to several high-net-worth individuals who have made their fortune through various industries. In 2025, the richest people in Zambia have made considerable investments in sectors like mining, agriculture, real estate, and more. Here’s a look at the top 11 wealthiest individuals in Zambia.
1. Hakainde Hichilema
- Net Worth: $340 million
- Occupation: Businessman, Farmer, Politician
- Details: The President of Zambia, Hakainde Hichilema, is the richest man in the country with a net worth of $340 million. Before his presidency, Hichilema made his wealth as Zambia’s second-largest cattle rancher and a successful business executive in firms such as Coopers and Lybrand Zambia and Grant Thornton Zambia.
2. Noble Findlay
- Net Worth: $310 million
- Occupation: Businessman, Philanthropist
- Details: Founder of Auto World, one of Zambia’s largest motor dealerships, Noble Findlay has made a fortune selling vehicles and automotive products. His company has over 4,000 employees across Zambia. Findlay’s wealth is also bolstered by his philanthropic endeavors.
3. Carl Irwin
- Net Worth: $306 million
- Occupation: Businessman
- Details: Carl Irwin co-founded Zambeef, Zambia’s largest beef producer. Zambeef has expanded its operations across Africa, providing meat products, feedlot services, and dairy. Irwin retired from the company after 23 years, having been instrumental in its growth.
4. Dr. Rajan Mahtani
- Net Worth: $304 million
- Occupation: Businessman
- Details: Dr. Rajan Mahtani is the chairman of Finance Bank Limited. A certified accountant with a PhD in commercial law, Mahtani has grown his wealth through various business dealings, and he continues to play a significant role in Zambia’s financial sector.
5. Robin Miller
- Net Worth: $301 million
- Occupation: Businessman
- Details: As the managing director of Real Estate Investments Zambia (REIZ), Robin Miller is a key player in Zambia’s real estate market. He has also held prominent roles in tourism and wildlife management in Zambia, contributing significantly to his fortune.
6. Hanson Sindowe
- Net Worth: $248 million (at time of death)
- Occupation: Businessman
- Details: Hanson Sindowe was a key figure in Zambia’s energy sector. He served as the executive chairman of Copperbelt Energy Corporation (CEC) and the director of Energy Corporation. His wealth, built from his strategic roles, remains influential in Zambia’s energy industry.
7. Geoffrey Mwamba
- Net Worth: $218 million
- Occupation: Businessman, Politician
- Details: Former MP for Kasama Central, Geoffrey Mwamba has been one of Zambia’s wealthiest politicians. He served as the Minister of Defence and is known for his substantial investments in various sectors, contributing to his $218 million fortune.
8. Charles Milupi
- Net Worth: $210 million
- Occupation: Businessman, Politician
- Details: Charles Milupi is a successful businessman who also serves as Zambia’s Minister of Infrastructure, Housing, and Urban Development. Milupi owns stakes in several successful companies and has invested heavily in Zambia’s infrastructure.
9. Satwant Singh
- Net Worth: $90 million
- Occupation: Rally Driver, Businessman
- Details: Known for his career in motorsport, Satwant Singh has achieved considerable wealth as a businessman and a leading figure in the African rally scene. He has won the African Rally Championship multiple times and is a renowned businessman in Zambia.
10. Mark O’Donnell
- Net Worth: $80 million
- Occupation: Businessman
- Details: Mark O’Donnell is the CEO of Union Gold Group and has extensive experience in the mining sector. He is also a member of several boards, including the Zambia Wildlife Authority and Madison Life Insurance Co. Ltd, contributing to his wealth.
11. Spax Mulenga
- Net Worth: $38 million
- Occupation: Businessman
- Details: Spax Mulenga, a rising star in Zambia’s business landscape, owns a mining company called Spax Mining. He is known for his work in the mining sector, where his investments continue to grow.
Summary of the Richest Men in Zambia:
Zambia is home to many individuals who have built their wealth through various industries, with Hakainde Hichilema leading the pack. These individuals have made significant contributions to sectors such as mining, agriculture, and real estate, positioning them as the country’s most influential figures in terms of wealth. With a combination of strategic investments and business acumen, these men have amassed fortunes that not only benefit them but also have a broader impact on Zambia’s economy.
