Net worth $3.5 Billion Posted by Staff Writer | May 7, 2019 | All Articles, Entrepreneurs Profiles, ZSE | 0. The mining industry is a major contributor to the nations economy. He owns just over 50% of the publicly traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Together with partner Zed Koudounaris, he founded Innscor Africa limited. Previously, he worked as a journalist at Nairametrics. Zimbabwe is one of the emerging nations with the fastest rates of growth. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co . 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. Omega Mugumbate - Head Legal & Compliance. British investor Nicholas Van Hoogstraten owns 24.2 percent of Rainbow Tourism Group, a tourism and hospitality management company in Zimbabwe with a far-reaching portfolio of owner-managed or leased hotels and conference facilities in Zimbabwe. This company has grown and established itself not just in Africa but also on a worldwide scale. Net worth: Estimated US$1 Billion. Vector signs of nap, rest, dream or relax sound, comic book text sound effects with ZZZ . 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. Sam Levy Family. 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. Mr Koudounaris is also believed to have other interests in farming, mining, real estate and tourism. His 18.41-percent stake in the company is worth $60.4 million. With a GDP now exceeding $28 billion, Zimbabwe is slowly recovering after years of turmoil and turning into the next big thing. 8. Born in 1973, Kenneth Raydon Sharpe is the Executive Chairman of West Properties Company. 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. Born in Bulawayo, Zimbabwe, he first worked for Kantor and Immerman before relocating to the UK. With his wealth, he invested in the diamond mining industry and sports marketing which contributes immensely to his net worth. Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation, Zimbabwes largest beverage manufacturer. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. Holdings: Antony Mandiwanza owns 2.7 percent of Daribord Holdings. He is yet regarded among the richest Zimbabweans despite his crimes. He started a confectionery business in 1990 which later evolved into the West Group. His properties generate a minimum of $20 million every year. 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. Other mining companies such as Golden Quarry and Dalny Mine are affiliated with Falcon Gold. Free Quote: 0333 344 7476 Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . Kenneth Raydon Sharpe professionally known as Ken Sharpe is one of the richest men in Zimbabwe and the founder of West Group of Companies. He is a very wealthy guy now. With his vast empire of businesses, he has a net worth of $743,000,000; making him one of the richest men in Zimbabwe. 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. The world's premier source of news on Africa's billionaires and UHNWIs. All Rights Reserved. Interestingly, he is a businessman who began his entrepreneurial journey at the age of 14. 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. #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and . It is one of Zimbabwes most successful conglomerates due to the companys strong performance. He completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree . He resides in the United Kingdom and holds the position of Director for the Econet Wireless organization. The business started as a chicken store which later grew into a large FMCG production and distribution company. CareerAddict is a registered trademark of According to social media reports Ochola, better Rimo Jackson, the man who lived and travelled everywhere with the late Genius 'Ginimbi' Kadungure, has given an interview to Techmag TV. Mr. Zinona ("Zed") Koudounaris serves as the Chairman of the ACIA Aero Leasing Group Board and the Group's Investment Committee. He reportedly built Sam Levys Village without municipal permission and only regularised the complex when authorities threatened to demolish it. Reports say many government officials and ruling party types throng Khumbulas office seeking financial favours from Koudounaris. With a net worth of $590,000,000, Ian Saunders made a fortune even before he established his own business. He is a member of the National Rsum Writers' Association and regularly contributes to our blog by sharing his advice and insights on rsum, job search and recruitment topics. The capital of this country is Harare which is also rated as the largest and most populous city in Zimbabwe. Koudounaris, one of Zimbabwes most successful businessmen, is the founder of Simbisa brands. Born in 1929, up until his death in 2012, he was never short of controversy, as the Herald so eloquently put it. Koudounaris has held a number of positions within the Group including Chief Executive Officer upon the Groups listing in 1998. He and Zed were friends and business partners initially before they both decide to establish a company. Staff Mails; CIDP; Tenders; Vacancies; FAQ's; Search for: Zimbabwe may not be the giant of Africa, but the country sure has some of Africas richest men. He began his entrepreneurial journey at a young age. En'Joy" zed koudounaris net worth As the editor-in-chief of CareerAddict, Chris oversees our content strategy and editorial operations. In the 1990s, John Bredenkamps company became the largest tobacco merchant in Zimbabwe. BREAKING NEWS! However, he pulled through and woke up on his daughters 11th birthday. Nyaradzo Group Diversifies Into Agriculture, How to start a commercial gym in Zimbabwe, 6 Top Websites To Test Your Coding Skills For Free, How to develop a life-long learning mindset. Approximately 50% of the mobile phone firm is owned by Strive Masiyiwa. One of the most famous and richest DJs in the world is Zedd, real name Anton Zaslavski. . Net worth: Estimated US$900 million. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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. This successful businessman is the richest person in Zimbabwe currently. Joseph Crnkovic Responsible Corporate and Social Citizen, Director Hawkwood Fund Management Who is Mugabe's wife? The company was started by Zinona Koudounaris, a Rhodes University alumna who made significant contributions to the creation of the first fast food restaurants as well as to the strategy and effective . 2023 Billionaires.Africa. 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. However, the verdict was later overturned. Holdings: Thomasmore Chataika holds a 6.6-percent stake in Zimplow Holdings. Zed Koudounaris. 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. Public asset : 11,465,232 USD. Holdings: Insscor Africa, Simbisa Brands, Axia Corporation. Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. Zed Koudounaris is credited with being the driving force behind the initial operations and success of Innscors fast food brands. He owns a 19.2-percent stake in Insscor Africa worth $131.3 million. Strive Masiyiwa had to spend a few years fighting through the governments opposition. The majority of the nations millionaires and billionaires are also renowned for making substantial investments in the telecommunications industries. Zed. Zed 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 Fowler. Who are the richest men in Zimbabwe? Bonnie Deuschle . 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. 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. He and Zed were friends and business partners initially before they both decide to establish a company. Masiyiwa also owns just over half of the private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. This Articles, however, focuses mainly on the list of Richest Musicians in Zimbabwe and their net worth. 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. In 2002, he was charged with manslaughter of a business rival and sentenced to 10 years in prison. He is considered to be among the richest people in Zimbabwe with an estimated net worth of around $1.1 billion. The more the information the public was fed the less informed they became about Munatsi's weird departure. 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. He has interests in the trading of tobacco, diamond mining, and sports marketing. 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. Comments can be sent to: news@billionaires.africa. He has been in the mining business for over 20 years in counting and continues to break new ground in the industry. Billy is known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent. Also Read: Catherine Paiz - Age, The Ace Family, Net Worth In 2018, Zed initiated a YouTube channel, Zeducation which has over 911k subscribers on his YouTube channel as of April 2022. Michael Fowler. Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. In fact, he is also referred to as the African Napoleon. Check Pages 1-44 of ZimCanadian Community Magazine - Februarry 15th ISSUE 01 in the flip PDF version. He is also widely known for having a tight relationship with Robert Mugabe. He founded the Casalee Group of companies in 1976, which was primarily a leaf tobacco merchant company, eventually becoming the fifth largest tobacco merchant in the world and effectively making Bredenkamp one of the richest people in Zimbabwe.
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