This is evident with the Marange fields which is the largest diamond-producing field in the world. Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. 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. Read Also: The 10 Richest Presidents In Africa [Updated]. He (andhis fortune) is survived by his wife and their four children. Net worth on the ZSE: $664.3 million. Mambo Dhuterere launched his new album yesterday at HICC. 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. In Zimbabwe, the Safaris first operated as a hunting safari company. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . The Sunday Mail reports that fugitive Gweru businessman Peter Dube who is being hunted by police for allegedly shooting three people and injuring his Harare businessman Phillip Chiyangwa pledged a residential stand during Mambo Dhuterere's album launch 'Nadha Pachiputukezi'. zed letter; zed us; Sort by: Most popular. 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. Below is the list of Top Five Billionaires in Zimbabwe. He owns a 0.49-percent stake in the company, which is worth $5.8 million. 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. 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 . Zed is a founder shareholder of the Group and was the driving force behind the initial creation and success of the Groups core fast food brands. Who is the richest in Zimbabwe 2021? - 2023 He is one of the richest people in Zimbabwe with a ton of luck and miracles. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Top 5 Billionaires In Zimbabwe - Gambakwe Media 14,400+ Zed Stock Photos, Pictures & Royalty-Free Images - iStock Net worth: $1.2 billion. Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local investors, which have pushed the joint valuation of the 20 richest investors in the country above the $2.5-billion mark. A chicken and chips shop has over the years grown into a diversified company with annual revenue of more than $600-million and has spun off other businesses and separately listed them. His company is one of the most successful fast-food brands in the country. ZimCanadian Community Magazine - Februarry 15th ISSUE 01 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. He has since gone on to hold a seat on five corporate boards, most notably at New Dawn Mining Corp. where he is also President and CEO (since 2006 and 2008, respectively). He is also reputed to provide financial services to a few chosen clients, both inside and outside of Zimbabwe. The last figure on our list of the richest men in Zimbabwe is multi-millionaire Charles Davy. 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. He is considered one of Africas most generous humanitarians, using his wealth to provide scholarships to more than 100,000 young Africans over the past 20 years, as well as sponsoring students at universities in China, the UK and US. He had a humble childhood as an early orphan. En'Joy" zed koudounaris net worth Born in 1968, Ian Saunders has held many technical and managerial roles in South Africa and Zimbabwe and has more than 20 years experience in the mining industry. Tagwirei founded Sakunda in 2005. Now lets spotlight these visionary men that Zimbabwe is fortunate to have. Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. In the 1990s, John Bredenkamps company became the largest tobacco merchant in Zimbabwe. It would be difficult to give a specific number of millionaires in Zimbabwe. 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. 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? He has a degree in economics and is a certificate holder of the CFA Institutes Investment Foundation Program. Holdings: Insscor Africa, Simbisa Brands, Axia Corporation. He is also a founder and 20.77-percent owner of Padenga Holdings, a public company engaged in the production and sale of crocodilian skins and meat. Grace Mugabem. Interestingly, he is a businessman who began his entrepreneurial journey at the age of 14. The International Consortium of Investigative Journalists has named over 280 Zimbabweans, including prominent businesspeople, who reportedly syphoned billions of dollars out of the country. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and . Manage Settings Interestingly, in 2000 50 motorbikes marked Police were discovered at his farm, and he was only fined Z$200 (a ridiculous 0.45 or $0.55). He is worth more than $900 million. However, this does not take away the fact that Zed remains one of the most successful entrepreneurs in the country. There were also reports that Zed engaged in some illicit businesses by the Zimbabwean law. Paddy Zhanda owns 10.5 percent of Masimba Holdings, a publicly listed company that provides engineering and infrastructure client solutions. He owns just over 50% of the publicly traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. This Zimbabwean entrepreneur was born in England into a humble home. His properties generate a minimum of $20 million every year. 548227, reg. 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. Hence, its an authentic piece of information. Following gains of more than $28 million in 2022, Zimbabwean businessman Zinona Zed Koudounaris has seen the market value of his stake in Harare-based Axia Corporation (Axia Corp) fall by millions of dollars since the beginning of the year. Join the conversation below and share your opinion with us! Holdings: Econet Wireless Zimbabwe, Cassava Smartech. With his vast empire of businesses, he has a net worth of $743,000,000; making him one of the richest men in Zimbabwe. This business ended up becoming what is known as West Group today. Richest Men In Zimbabwe 2023: Top 10 Wealthiest - Bscholarly 219 Followers, 842 Following, 926 Posts - See Instagram photos and videos from Chris Koudounaris (@koudounaris) He covers topics ranging from company valuations to educational technology. Zed Koudounaris. The entrepreneur and multimillionaire mogul founded the New Dawn Mining Corporation in 2008. In May 2016, an investigation into the Panama Papers revealed that both Fowler and Koudounaris had violated Zimbabwean law by transferring money from their salaries to offshore accounts in the British Virgin Islands. The company was set up 1993 and was granted a telephony license in 1998 at a time when 70% of the countrys inhabitants had never heard a telephone ring, and is now one of the largest business empires in the world. He peddled different items and made thousands of dollars at that early age. Zinona Koudounaris - Pindula 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. Fowler is currently the brains between a new Gold mine, he co-founded Innscor Africa as a chicken shop in 1987. The only listed entity is listed on the Zimbabwe Stock Exchange (ZSE). This company has gained an international presence and currently operates in about 20 countries both within and beyond Africa. Douglas Mboweni is the group CEO of Econet Wireless Zimbabwe. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. The man with the biggest money bags in Zimbabwe is Strive Masiyiwa, the founder and executive chairman of Econet Wireless, a diversified telecommunications group. Strive Masiyiwa is the only official billionaire in Zimbabwe, hes a billionaire in dollars. Do you have anything youd like to add? The business is also well-known for being a component of the Colcom, SeedCo Zimbabwe, SeedCo International, and Garfunkels organizations in Zimbabwe. Zedd net worth 2021: Is he the richest DJ in the world? He began working in a tobacco company just after he graduated from school. The Zimbabwean richest man was not in for games when he began investing in some of the highest-paying jobs in South Africa. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Card payments collected by DeltaQuest Media Limited, company no. rida collection kharian Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . Sulumani Chimbetu - Net worth $2 . His total net worth is estimated at $734 million (603 million . In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. It was then that he immigrated to Zimbabwe, establishing several companies in over 1600 sq. . Jah Prayzah - Net Worth $2 Million. The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. In addition to his riches, he also controls 50% of Cassava Smartech and blue-chip liquid Telecom Group. 20 richest investors on the Zimbabwe Stock Exchange He completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree . 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. Koudounaris has served as Non-Executive Director of innscor since April 1996. Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. Based on figures derived from investment agencies, the latest annual reports and confirmations from capital market registrars, these are the 20 richest people who own stocks listed on the Zimbabwe Stock Exchange. Together with Fowler, he helped form Innscor Africa Limited in 1997. . The company majors in tobacco production and marketing. 2023 Billionaires.Africa. Net worth: $860 million. Forbes estimated his net worth declined 31% and his ranking fell 138 spots on the Forbes list of the wealthiest Americans. [1], In February 2022, more information was forthcoming: His eldest son Isaac took over the business upon his death. Holdings: Lance Kennedy owns a 10-percent stake in Zimplow Holdings, a diversified construction, infrastructure and agricultural equipment manufacturer and distributor. Who is Zed Koudounaris? BREAKING NEWS! Born in Zimbabwe, Zinona (Zed) Koudounaris completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree, majoring in Business and Computer Sciences. Zed also has an interest in other industries and sectors, hoping to diversify his business sometime in the future. miles in the safari for the sole purpose of hunting. Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation, Zimbabwes largest beverage manufacturer. Zinona (Zed) Koudounaris Bio - Wiki Mzansi Koudounaris, one of Zimbabwe's most successful businessmen, is the founder of Simbisa brands. Born in South Africa in 1940, John Bredenkamp moved to then Rhodesia with his family when he was a child. Zed has partnered with some of the largest companies out of Zimbabwe, including ZSE-listed companies such as Pandenga. As a founder shareholder of Innscor, Zinona (Zed) Koudounaris was the driving force behind the initial creation and success of the Innscor's core fast food brands. It must be noted that in 2016, Zed Koudounaris and his partner Michael Fowler were accused of having opened four companies in the British Virgin Islands and transferring money from their salaries to those firms in 2015. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his . The world's premier source of news on Africa's billionaires and UHNWIs. 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]. Sam Levy Family is the property developer that constructed the shopping mall Sam Levys Village. 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. Zimbabwe is a South African country largely known for its national parks, terrestrial wildlife, vegetative landscape, and waterfalls. The world's premier source of news on Africa's billionaires and UHNWIs. Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares. While under the government of Mugabe in 2014, he made a shady deal that landed him $75 million in just three weeks. Axia Corp operates in the specialty retail and distribution sector, with dominant businesses in the retail of household goods and appliances, automotive goods retail, and fast-moving consumer goods distribution across Zimbabwe. Previously, he worked as a journalist at Nairametrics. He received the moniker as a result of his rapidly expanding commercial empire, which now spans over twelve (12) nations in Africa, including Zimbabwe, South Africa, the Democratic Republic of the Congo, Angola, and Mozambique. Zed is a mega-rich mogul, Zimbabwean businessman, and entrepreneur who co-founded Innscor African Limited alongside Michael Fowler. Holdings: Julian P. Schonken holds a 0.75-percent stake in Innscor Africa. Feyisayo Ajayi-January 29, 2023 0. Zinona (Zed) Koudounaris (Non-Executive Director) As was already mentioned, Simbisa Brands is an Innscor subsidiary that was established in 1987. . Additionally, it is stated in the record that his companies employ about 600 Black families nationwide. 8. In 2002, he was charged with manslaughter of a business rival and sentenced to 10 years in prison. The top-5 investors on the bourse control a total 43.93 percent of the Zimbabwe Stock Exchange. The Sam Levy Family's net worth is over $677,000,000. In Zimbabwe, its a prevalent misconception that he became wealthy in the late 1990s because to his hunting company. The explorative industries in the country are the mining, tourism, and agriculture sectors. Although Nicholas Van Hoogstraten was born in England, he spent a significant amount of time there and became a citizen there. Additionally, he owns many diamond mining operations in the DRC. Vehicle Registration In the United States: How to Register a Car? After that, he relocated to Zimbabwe, where he now controls a number of enterprises and more than 1600 square kilometers of land. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below.