Zambia is one of the African countries that has seen economic growth over the past 20 years. Zambia has a GDP of $26 Billion and numerous multi millionaires. In this post we are going to reveal and discuss the top 10 richest people in Zambia 2024.
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10) Spax Mulenga
Spax Mulenga is among the top youngest richest in Zambia. He is considered a prominent businessman, particularly in Chingola, Zambia. He reportedly owns a mining company called Spax Mining, which likely contributes to his wealth.
What Is Net Worth of Spax Mulenga?
The fortune of Spax Mulenga is estimated to be worth $38 million. This is a decrease of $2 million net worth over the past year.
9) Satwant Singh
Satwant Singh is a successful businessman and entrepreneur. He is is best known for his success in the African Rally Championship having won it 8 times between 1988 and 2000.
Singh grew his fortune to 9 figures through his motorsport career and business opportunities that had arisen from his success in rallying.
What Is Net Worth of Satwant Singh?
The net worth of Satwant Singh is estimated to be $91 million.
8) Charles Lubasi
An innovator in Zambia’s telecommunications sector, Charles Lubasi has been at the forefront of improving the country’s connectivity infrastructure, making him a notable figure in the tech industry.
What Is Net Worth of Charles Lubasi ?
The net worth of Charles Lubasi is $90 million. This is an increase of $6 million over the past year.
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7) Mark O’Donnell
Mark O’Donnell is a major player in Zambia’s retail and hospitality industries, owning several shopping malls and hotels. His ventures are instrumental in boosting Zambia’s tourism.
What Is Net Worth of Mark O’Donnell?
It is believed that the net worth of Mark O’Donnell is $110 million in 2025.
6) Stirling Banda
Banda’s wealth stems from his investments in Zambia’s lucrative mining sector. His contributions to the industry have helped drive economic growth in the region.
What was Stirling Banda Net Worth?
Stirling Banda’s net worth is estimated to be $120 million USD in 2025.
5) Dr. Rajan Mahtani
Dr. Rajan Mahtani, chairman of Finance Bank Zambia, is a prominent investor in banking, real estate, and healthcare. He is also active in philanthropy, supporting education and community projects.
What Is Dr. Rajan Mahtani’s Net Worth?
The net worth of Dr. Rajan Mahtani is $150 million in 2025.
4) Charles Milupi
Charles Milupi, a politician and businessman, is heavily invested in Zambia’s infrastructure and energy sectors. His work has boosted Zambia’s economic progress.
What Is Charles Milupi’s Net Worth?
The net worth of Charles Milupi is circa $210 Million in 2025.
3) Geoffrey Bwalya Mwamba (GBM)
GBM is a well-known businessman and former politician with interests in agriculture, manufacturing, and transportation. His diversified ventures contribute significantly to his wealth.
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What is Geoffrey Bwalya Mwamba’s Net Worth?
Geoffrey Bwalya Mwamba’s Net Worth in 2025 is estimated to be $218 million.
2) Robin Miller
Robin Miller is a key figure in Zambia’s real estate industry. As the managing director of Real Estate Investments Zambia (REIZ), he has amassed significant wealth through property investments and urban development projects.
What Is Robin Miller’s Net Worth?
Noble Findlay’s Net Worth is $301million in 2025.
1) Hakainde Hichilema
Hakainde Hichilema is the richest man in Zambia. Best known as HH, Hakainde Hichilema is the President of Zambia, a Zambian businessman and the president of the United Party for National Development.
As the richest person in Zambia, he has been accused of being a Freemason.
Hakainde Hichilema is the second largest cattle rancher in Zambia. Referred to as “cattle boy” HH won the Zambian presidential election by getting more votes than Edgar Lungu.
HH has been subject of much controversy having been arrested and jailed in 2017.
What Is Hakainde Hichilema’s Net Worth?
As the richest man in Zambia, Hakainde Hichilema net worth is $1 billion in 2025. Hichilema’s net worth has increased, improving his wealth from $389 million in 2023 to $1 billion in 2025.
Hakainde Hichilema, Zambia’s President, is a successful entrepreneur with investments in agriculture, ranching, and real estate. His business ventures and landholdings have solidified his wealth and influence.
That is the list of richest Zambian from the Forbes list, if you are looking to make money yourself and one day get on this list, view our guide to making money.
You must also read our guide to profitable business ideas in Zambia.
Read also the richest musicians in Zambia.
