Holdings: Julian P. Schonken holds a 0.75-percent stake in Innscor Africa. He owns a 47-percent stake in Meikles through his private investment company, Gondor Capital. 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. This was apparently in violation of Zimbabwe's laws which prevent money earned in Zimbabwe from being transferred to offshore accounts unless approved by the central bank. He is a very wealthy guy now. Currently, he holds a seat on five corporate boards, including New Dawn Mining Corp where hes the CEO. Ken Sharpe is one of the most successful businessmen in Zimbabwe. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since . 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. 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. Michael Fowler. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. Zed remains highly active in pursuing strategic growth . Holdings: Econet Wireless Zimbabwe, Cassava Smartech. Born in Shoreham-by-Sea, England in 1945, Nicholas van Hoogstraten is currently the third richest person in Zimbabwe. He joined the Merchant Navy at 17 but lasted there only a year before he entered into the property business. In 1976, he founded a company that traded tobacco. Holdings: Ketan Joshi holds a 1.62-percent stake of FBC Holdings. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. He later emigrated to Zimbabwe and by 2013 owned over 1,600 square miles of land. The current chairman and founder of Falcon Gold Limited are the ninth on our list of richest men in Zimbabwe. The highest-paid DJs are banking millions of dollars every year. 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. Tagwirei founded Sakunda in 2005. The majority of the nations millionaires and billionaires are also renowned for making substantial investments in the telecommunications industries. Nigerian billionaire Abdul Samad Rabiu donates $4.8 million to construct University College of Medical Sciences in Sokoto, The 20 richest investors on the Botswana Stock Exchange, 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. Together with Zed Koudounaris (who also appears on this list), Michael Fowler co-founded Innscor Africa as a chicken shop in 1987. Chelsy Davy, his daughter, was Prince Harrys on-and-off lover between 2004 and 2011. Answered, Differences Between Rigid And Flexible Constitution, Differences Between Positive and Normative Economics, Features of the 1979 Constitution of Nigeria, Differences Between British and American English, Richest Presidents In Africa 2022: Top 10 Wealthiest. Though the business was not an honest one, there was no roof of its illegality. After the Panama leaks, it was exposed that he wired funds to his different companies based in Britain which were illegal in the country. When Nicholas Van Hoogstraten years later, he invested in real estate and went on to own hundreds of properties across the country. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. Net worth: Estimated US$900 million. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his . All rights reserved, Richest Men In Zimbabwe 2023: Top 10 Wealthiest. Simbisa brands, which operates popular quick-service restaurants in Southern and East Africa such as Chicken Inn, Pizza Inn, Bakers Inn and Creamy Inn, said it plans to open the additional 55 restaurants by June this year as it struggles to maintain its leading position in the midst of aggressive competition from major players in the fast-food industry. International brands such as Dominos Pizza, Subway, Kentucky Fried Chicken and ice cream seller Cold Stone Creamery have recently opened more stores in Kenya, as more global players in the quick service restaurant industry look to emerging markets such as Africa for growth. Read Also: The 10 Richest Presidents In Africa [Updated]. He recently acquired Trek Petroleum assets and leases them to the new brand owners. Econet Wireless Zimbabwes CFO Roy Chimanikire owns a 0.23-percent shareholding in the company worth $2.9 million. . Most of the richest men in Zimbabwe are business persons, owners of conglomerates, and oil magnates; which are the major contributors to the Gross economy of the country through the deposits, and turnover estimated from those industries and numerous ventures. He constantly read the papers, including the Financial Times. He is one of the co-founders of Innscor Africa Limited, which began as a chicken store but has now developed into a significant manufacturing business that also works with many types of FMCG companies. His total fortune is estimated to be $734 million (603 million). 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. Zed Koudounaris is credited with being the driving force behind the initial operations and success of Innscors fast food brands. Net worth: $540 million (about 444 million). #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . Richest Men In Zimbabwe: The number of investments made by millionaires and billionaires in Zimbabwe has increased, which has led to a significant improvement in the nations economic status. These guys have created empires that are advantageous to both the nation as a whole and themselves thanks to their exceptional managerial abilities and original vision. While in the country, John had a very difficult time growing up into a teenager. It would be difficult to give a specific number of millionaires in Zimbabwe. Although hes now considered a Zimbabwean, John Bredenkamp was born in South Africa, where he spent his first few years growing up. 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 . Sam Levy Family. 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. The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. Who is Zed Koudounaris? Net worth: $590 million (about 485 million). This Zimbabwean entrepreneur was born in England into a humble home. ZimCanadian Community Magazine - Februarry 15th ISSUE 01 was published by Kaybeth Media on 2020-02-12. However, the verdict was later overturned. To see this page as it is meant to appear, please enable your Javascript! Koudounaris, one of Zimbabwe's most successful businessmen, is the founder of Simbisa brands. He is the Chairperson and founder of Econet Wireless; a company that deals in telecommunication. Who is Mugabe's wife? Recommended: Most Famous People In The World 2023. His business now provides employment to over 600 black families in Zimbabwe. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Comments can be sent to: news@billionaires.africa. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. Zimbabwe is one of the emerging nations with the fastest rates of growth. Zed has held a number of positions within Innscor, including Chief Executive Officer upon the Group's listing in 1998. He is also widely known for having a tight relationship with Robert Mugabe. He has a lifetime achievement award and is recognized among the most successful and influential entrepreneurs 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. Zed Koudounaris. At 14, he began wearing a suit to school and reportedly excused himself from class to read the Financial Times. The reason for this awful incident is unclear to this day. Born in Zimbabwe, Zinona Zed Koudounaris completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce Degree in Business and Computer Sciences. Koudounaris is at the centre of the companys expansion drive and has been able to navigate the concerns of the Competition Commission due to his access to connections in the government. The market value of all the shares owned by the 20 richest investors on the bourse amounts to 48.03 percent of the market capitalization of the local exchange. Mr Koudounaris is also believed to have other interests in farming, mining, real estate and tourism. Zed also has an interest in other industries and sectors, hoping to diversify his business sometime in the future. Holdings: Rutenhuro Moyo holds a 3.2-percent stake in OK Zimbabwe, a leading supermarket retailer covering groceries, basic clothing and textiles and houseware products. 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'. Sam Levy is well known for constructing Sam Levys Village Shopping Mall in Borrowdale. 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). Linked companies : Simbisa Brands Limited - Axia Corporation Limited - Innscor Africa Limited. He currently owns 52% of a mobile phone network called Econet Wireless. He founded the company in 1997 together with fellow entrepreneur Michael Fowler. In Zimbabwe, its a prevalent misconception that he became wealthy in the late 1990s because to his hunting company. Othman Benjelloun is the CEO of BMCE (Moroccan Bank for External Trade) that has operations in over 20 African countries and . zed letter; zed us; Sort by: Most popular. Billys businesses mostly focus on haulage, farming, wildlife safaris, cobalt mining, and automobile manufacture. 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. 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. His wealth is mostly generated from his property development venture and real estate. He eventually stabilized his company and has grown it into a multi-billion dollar company today. He enlisted in the merchant navy six years later, but just for one year. Mambo Dhuterere launched his new album yesterday at HICC. Manage Settings Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. Zimbabwe is a South African country largely known for its national parks, terrestrial wildlife, vegetative landscape, and waterfalls. He has held several managerial roles in some of Zimbabwes and South Africas biggest companies. Born in 1929, up until his death in 2012, he was never short of controversy, as the Herald so eloquently put it. Koudounaris Net Worth: $734 million (603 million) Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael . His eldest son Isaac took over the business upon his death. This amounts to a total loss of ZWL1.51 billion ($4.7 million) for the reclusive Zimbabwean businessman, who . Strive Masiyiwa is the only official billionaire in Zimbabwe, hes a billionaire in dollars. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and . Hence, its an authentic piece of information. Its reputation as a tourist destination is once again improving and many successful businessmen continue to invest in different sectors in the country, including telecommunications, mining and manufacturing. He also makes a lot of money by running hunting safaris which, in 2005, were reported to typically cost 660 (about $802 today) per day to shoot lions, elephants, leopards and buffalo on 24-day expeditions. In fact, it is well known that his significant investments are what propelled him to the seventh spot on the list of Zimbabwes wealthiest individuals. The mining industry is a major contributor to the nations economy. Since he took charge, the business has grown to become one of Africas major transportation enterprises. Dr. Chipo Ndudzo - Managing Director. At the moment, Zed sits on a number of boards which include Innscor Africa Limited, Simbisa Brands and Axia Corporation Limited. Strive Masiyiwa, the creator and executive chairman of the Econet Group, is ranked #1 on the list of the wealthiest people in Zimbabwe. Simbisa owns, operates and franchises some of the most popular quick-service restaurant brands in East and Southern Africa, including Pizza Inn, Chicken Inn, Nandos and Steers of South Africa. Billy is known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent. Zimbabwe has experienced one of the worst economic and political crises in history, and this is demonstrated by the countrys widespread poverty and unemployment rate which rose to a staggering 94% in 2008. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Grace Mugabem. Samuel is bent on changing the legal profession by building Web and Mobile Apps that will make legal research a lot easier. . Zeds interests now include other ZSE listed companies like Padenga, Axia Holdings and Simbisa Brands. Holdings: Thomasmore Chataika holds a 6.6-percent stake in Zimplow Holdings. He was the driving force behind the initial creation and success of the Innscor's core fast food . Feyisayo holds a degree in geology from the acclaimed University of Ibadan. Now lets spotlight these visionary men that Zimbabwe is fortunate to have. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . 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. In addition to his riches, he also controls 50% of Cassava Smartech and blue-chip liquid Telecom Group. When he initially founded the company in 1998, the Zimbabwean government wasnt in support of the establishment. 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. Kindly hit the share button if you enjoyed this article, you can also contribute to it by making use of the comment section below. Net worth: Estimated US$1 Billion. His properties generate a minimum of $20 million every year. Sharpe was involved in skiing accident while on a family vacation in Canada in 2007 a CT scan revealed that 60% of his brain cavity was filled with blood and was given a 3% chance of survival. He is on the board of Innscor Africa Ltd. (former CEO & Non-Independent Non-Executive Director), Simbisa Brands Ltd. and . Find more similar flip PDFs like ZimCanadian Community Magazine - Februarry 15th ISSUE 01. As the editor-in-chief of CareerAddict, Chris oversees our content strategy and editorial operations. Net Worth: $734 million (603 million) Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. Masiyiwa also owns just over half of the private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. Zed has partnered with some of the largest companies out of Zimbabwe, including ZSE-listed companies such as Pandenga. He is a recognized businessman who, via his multiple business endeavors, employs thousands of people in Zimbabwe. The company was set up 1993 and is now one of the largest business empires in the world. Mushayavanhu owns 6.6 percent of the company. The event Kenyan Instagram influencer Brenda Akinyi Ochola died yesterday affer drugs she was allegedly trafficking bust in her stomach. Known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent, Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. Zinona (Zed) Koudounaris Profile. The tenth richest man in Zimbabwe owns over 1300 sq. DeltaQuest Media Limited. At age 28, he was the countrys youngest millionaire. His company is one of the most successful fast-food brands in the country. Want to meet the Richest Men In Zimbabwe? Previously, he worked as a journalist at Nairametrics. ZZZ, ZZZZ doodle bed sleep snore icons ZZZ, ZZZZ doodle bed sleep snore icons. Search and overview Strange: Strong Juju Surrounding Mugabe Body, Can Not Be Kept Anywhere Hakainde Hichilema threatens to deregister the Patriotic Front party, Cyril Ramaphosa excluded from the G7 Summit, Frank Buyanga tries to escape from SA jail, Zimbabwean celebrity chef, Chipumha at Magudumana birthday. In a particular order, here are the 10 richest men in Zimbabwe: Strive Masiyiwa is a resilient businessman in Zimbabwe who has spent decades building one of the biggest establishments in the country. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since . Your email address will not be published. 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. 2023 Billionaires.Africa. Additionally, both of them own a major share in other Zimbabwe Stock Exchange-listed companies in Axia . Call Us Today! Over time, they expanded their business into other foods and, later, the manufacture and sale of fast-moving and durable consumer goods in Zimbabwe and internationally. [1], In February 2022, more information was forthcoming: He has since gone on to become a highly successful property tycoon in fact, by the age of 23, he was Britains youngest millionaire with a portfolio of more than 300 properties. Read Also: 10 Countries With Most Beautiful Women In Africa. Koudounaris has held a number of positions within the Group including Chief Executive Officer upon the Group's listing in 1998. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Browse 14,400+ zed stock photos and images available, or search for zed letter or zed us to find more great stock photos and pictures. Zed Koudounaris. Best known for constructing the Sam Levys Village shopping mall in Borrowdale, a suburb of Harare, Sam Levy was a self-made millionaire businessman and property developer. Innscors National Foods supplies maize and rice to army barracks. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares Zimbabwean restaurant mogul Zed Koudounaris eyes Kenyan expansion for Simbisa brands, 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. 548227, reg. Additionally, he and his family own property in Harare. A former Forbes Magazine contributor covering African wealth and entrepreneurship, Mfonobong conceptualized, initiated, and managed for a decade the Forbes annual ranking of Africas richest people. This article was originally published in March 2015. David Mazvidza - Finance Director. Vehicle Registration In the United States: How to Register a Car? In its 2018 and 2019 billionaires . Zed Koudounaris. The Zimbabwean billionaire is best known for having co-founded Innscor Africa, a manufacturer of consumer staple and durable goods. BREAKING NEWS! Your email address will not be published. Michael Fowler is definitely one of the richest men in Zimbabwe. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . 2023 Billionaires.Africa. This business ended up becoming what is known as West Group today. Age : 59. Public asset : 11,465,232 USD. Additionally, he owns many diamond mining operations in the DRC. Data computed by Billionaires.Africa revealed that the 20 richest investors on the exchange have a joint equity valuation of $1.21 billion, with Strive Masiyiwa being the richest investor on the exchange, controlling more than one-quarter of the bourses market capitalization. Life became even more catastrophic when his father shot his mother, and his sister, and then committed suicide. Below is the list of Top Five Billionaires in Zimbabwe. 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). Holdings: Ketan Naik holds 4.48 per cent of Daribord Holdings, a manufacturer and marketer of milks, foods and beverage products. Kenneth Raydon Sharpe professionally known as Ken Sharpe is one of the richest men in Zimbabwe and the founder of West Group of Companies. The world's premier source of news on Africa's billionaires and UHNWIs. Net worth: $1.2 billion. You only need to look at Simbisa Brands to understand this. Strive Masiyiwa is a London-based entrepreneur born on 29th January 1961. Feyisayo Ajayi is a financial reporter for Billionaires.Africa. 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' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . 219 Followers, 842 Following, 926 Posts - See Instagram photos and videos from Chris Koudounaris (@koudounaris) He owns a 19.2-percent stake in Insscor Africa worth $131.3 million. Omega Mugumbate - Head Legal & Compliance. This was against regulations that the transfer of money earned in the country to offshore accounts should be approved by the Reserve Bank of Zimbabwe. Zed is a founder shareholder of the Group and was the driving force behind the initial creation and success of the Group's core fast food brands. 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. Recommended: Most Handsome Nigerian Male Musician. He reportedly built Sam Levys Village without municipal permission and only regularised the complex when authorities threatened to demolish it. All Rights Reserved. 2023 DeltaQuest Media Limited. He survived a 60% brain cavity after a skiing injury and woke up from a coma on his daughters birthday. Michael Fowler is another Zimbabwean entrepreneur on our list that co-founded Innscor Africa Limited alongside Zed Koudounaris. They offer services that increase value, create employment, and boost Zimbabwes economy. Net worth on the ZSE: $101.1 million. The richest men in Zimbabwe and some of the richest billionaires in Africa continue to rake millions into the countrys economy in other to sustain its progression. 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. address: The 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. Nicholas Rudnick, a lawyer, ranks as the sixth-richest person in Zimbabwe. This successful businessman is the richest person in Zimbabwe currently. In 1976, he founded the Caselle Group of Companies. Kenya Instagram model Brenda Akinyi Ochola dies after drugs explode in Madzibaba Owen Chingondi spoils 15-year-old son with a brand new Toyota American students working to help improve infrastructure in Zimbabwe.