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Infinity Media
- 5 Min Read
Zambia Billionaires (2025): The Top 10 Richest Men In Zambia
Zambia, a nation known for its vast mineral resources and growing economic potential, has produced some of the wealthiest and most influential entrepreneurs in Southern Africa. These individuals have capitalized on opportunities in agriculture, mining, real estate, finance, and energy to build business empires that contribute immensely to the country’s GDP and employment.
In this comprehensive blog post, we spotlight the top 10 richest men in Zambia as of 2025, delving into their estimated net worth, key investments, business influence, and more.
Summary Table: Richest Men in Zambia (2025)
1. Hakainde Hichilema – $340 Million
Zambia’s current president, Hakainde Hichilema, tops the list not only due to his political influence but also his substantial private business wealth. Before entering politics full-time, Hichilema built a successful career as an economist, businessman, and one of Zambia’s most successful cattle ranchers.
He served as CEO of Coopers & Lybrand and Grant Thornton, two of the largest professional services firms in Zambia. Hichilema's investments span agriculture, financial consultancy, and cattle ranching. With a keen eye for strategic investments, his net worth is estimated at $340 million.
2. Noble Findlay – $310 Million
The founder of Auto World Zambia, Noble Findlay, has created a name synonymous with the automotive sector. Auto World began operations in 1992 and quickly expanded across Zambia. It offers a variety of motor vehicle products including spare parts, boats, and accessories.
Under Findlay's leadership, Auto World has become one of Zambia’s most recognizable retail brands in the automotive sector. His keen understanding of market trends and unmatched business acumen places his net worth at approximately $310 million.
3. Carl Irwin – $306 Million
Carl Irwin is the co-founder of Zambeef Products PLC, Zambia’s leading agribusiness and the largest vertically integrated food retailer in the country. Zambeef specializes in beef production but has diversified into poultry, dairy, and crops.
Irwin’s innovative management approach turned Zambeef into a food supply giant, employing thousands and contributing significantly to Zambia's food security. His estimated net worth stands at $306 million.
4. Dr. Rajan Mahtani – $304 Million
Dr. Rajan Mahtani is a respected businessman and chairman of Finance Bank Zambia Limited. With a background in law and finance, he has played a crucial role in shaping Zambia’s banking sector.
Besides banking, Dr. Mahtani has significant investments in insurance and commercial property. Despite facing various legal challenges over the years, his business acumen remains evident, with a personal fortune estimated at $304 million.
5. Robin Miller – $301 Million
Robin Miller is an influential figure in Zambia’s real estate and insurance sectors. As Managing Director of Real Estate Investments Zambia (REIZ), he has overseen major developments in commercial and residential property.
He also serves on the boards of several institutions, including the Zambian Wildlife Authority. Through decades of leadership and strategic investments, Miller has built a net worth of around $301 million.
6. Hanson Sindowe – $248 Million
Before his passing in 2021, Hanson Sindowe was the executive chairman of Copperbelt Energy Corporation (CEC). He played a pivotal role in building Zambia’s energy infrastructure and advocating for sustainable power solutions.
Under his leadership, CEC became one of the leading energy providers in the region. His influence in the energy sector helped shape policies and drive growth. His wealth, primarily from his shares and leadership in CEC, is valued at $248 million.
7. Geoffrey Mwamba – $218 Million
Popularly known as GBM, Geoffrey Mwamba is both a businessman and former politician. His company, GBM Milling, is a household name in Zambia’s food production industry, particularly in maize meal production.
He served as Minister of Defence and was once a Member of Parliament for Kasama Central. Despite his controversial political career, Mwamba remains a major player in Zambia’s industrial sector, with a net worth of $218 million.
8. Charles Milupi – $210 Million
Charles Milupi is a seasoned businessman and the Minister of Infrastructure, Housing, and Urban Development. He holds significant investments in engineering, energy, and infrastructure.
Milupi has served as chairman of Lafarge Zambia and owns Tiiseza Zambia Limited. His business insights, coupled with his engineering background, have made him a major influence in Zambia's development landscape. His estimated net worth is $210 million.
9. Satwant Singh – $90 Million
Satwant Singh is best known for his rally driving accomplishments, having won the African Rally Championship eight times. Beyond motorsport, Singh runs several businesses in the automotive and logistics industries through the Singh Group.
His entrepreneurial ventures, combined with his international motorsport reputation, have earned him an estimated net worth of $90 million.
10. Mark O'Donnell – $80 Million
Mark O'Donnell is a successful property developer and hotelier. He is the CEO of Union Gold Group Ltd and has contributed to developing Lusaka's commercial landscape with shopping malls and hotels.
O'Donnell has also served on boards including Madison Life Insurance and the Zambia Wildlife Authority. His investments in tourism and commercial real estate are valued at a total worth of $80 million.
Final Thoughts
Zambia's top 10 richest men represent a diverse mix of industries from agriculture and banking to real estate and energy. Their collective success highlights the wealth of opportunities available in Zambia for those with vision, determination, and business insight.
These individuals not only shape Zambia's economic narrative but also influence policies, create jobs, and contribute to national development. As Zambia continues to industrialize and attract foreign investment, the stories of these business magnates will remain pivotal in its journey toward prosperity.
