Takudzwa Shoko - Finance & Admin Manager. 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. #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . bokstavsballonger shein. Billy is known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent. zed koudounaris net worth document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); AllroundGist is an informative blog that keeps you abreast of the latest updates about celebs, rankings, finance, business, and travel. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Zinona Koudounaris - Pindula Net worth: $1.5 billion He is an accomplished businessman who co-founded Innscor Africa Limited with Zed Koudounaris in 1996. Join us as we take a look at the top 10 richest people in Zimbabwe. Who is Zed Koudounaris? In Zimbabwe, Billy Conrad is a well-known businessman. Although Nicholas Van Hoogstraten was born in England, he spent a significant amount of time there and became a citizen there. Kindly hit the share button if you enjoyed this article, you can also contribute to it by making use of the comment section below. 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 currently a board member of the five major mining companies in Zimbabwe, of which New Dawn Mining Corporation is a party. To see this page as it is meant to appear, please enable your Javascript! He has expanded his business across 13 African counties including South Africa, Angola, and Mozambique. 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. 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]. Holdings: Econet Wireless Zimbabwe, Cassava Smartech . Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Some of them are worth hundreds of millions of dollars in cash and assets. These countries include Kenya, Mauritius, Zambia, Ghana and others. 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. According to Zimbabwean law, this is prohibited unless authorised by the Zimbabwe Reserve Bank which, naturally, was not. Nicholas began his commercial career at the age of 11 by selling stamps from private collections to renowned collectors. 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. It was then that he immigrated to Zimbabwe, establishing several companies in over 1600 sq. Michael Fowler. Join the conversation below and share your opinion with us! Mnangagwa's oligarchs: The heirs of Cecil Rhodes - Daily Maverick Michael Fowler, whose name was referenced previously in this essay, is where we . 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. Holdings: Antony Mandiwanza owns 2.7 percent of Daribord Holdings. Zed Koudounaris. Notify me of follow-up comments by email. Other mining companies such as Golden Quarry and Dalny Mine are affiliated with Falcon Gold. Top 10 Richest People in Zimbabwe 2018 - Page 4 - popula trends 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. Innscors National Foods supplies maize and rice to army barracks. This article will give you the breakdown of Richest Men in Zimbabwe Net Worth. Reutenbacks participation in the construction of the Green Fuel Chisumbanje plant is regarded as his biggest achievement an eco-project that has created more jobs in Zimbabwe than any other in the last 20 years. Panama Papers: 280 Zimbabweans Named - ZimEye Kenneth Raydon Sharpe professionally known as Ken Sharpe is one of the richest men in Zimbabwe and the founder of West Group of Companies. Top 5 Billionaires In Zimbabwe - Gambakwe Media The Brains & Owners Behind the Famous Chicken Inn outlet how to print on metal 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. He started a confectionery business in 1990 which later evolved into the West Group. 2023 Billionaires.Africa. He has a degree in economics and is a certificate holder of the CFA Institutes Investment Foundation Program. Name Net worth (USD) 1: Jeff Bezos: $113 billion: 2: Bill Gates: . Your email address will not be published. With over a decade of experience creating impactful narratives about Africa, Mfonobong Nsehe is one of the most recognized journalism and communications professionals on the continent. Winky D, with a net worth of $650,000, is the richest zimdancehall artist in Zimbabwe. Top 10 Richest Men in Zimbabwe & Net Worth - Best Online Portal 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. Additionally, he owns many diamond mining operations in the DRC. Charles Davys estimated net worth is around $570,000,000. He is a recognized businessman who, via his multiple business endeavors, employs thousands of people in Zimbabwe. Top 10 Official Richest Zimbabweans - Zim Business Ideas and Network (ZBIN) The 20 richest investors on the Zimbabwe Stock Exchange The value of the shares is based on prices at the end of trading on Aug. 20, and valuations are converted to U.S. dollars at current exchange rates. He joined the Merchant Navy at 17 but lasted there only a year before he entered into the property business. He is an accomplished businessman who co-founded Innscor Africa Limited with Zed Koudounaris in 1996. 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. He currently owns 52% of a mobile phone network called Econet Wireless. The world's premier source of news on Africa's billionaires and UHNWIs. In 2016 Koudounaris and Fowler were named in the Panama Papers as having opened four companies in the British Virgin Islands and transferring money from their salaries, against the countrys forex regulations. 20 richest investors on the Zimbabwe Stock Exchange Zed is a mega-rich mogul, Zimbabwean businessman, and entrepreneur who co-founded Innscor African Limited alongside Michael Fowler. Together with partner Zed Koudounaris, he founded Innscor Africa limited. This is evident with the Marange fields which is the largest diamond-producing field in the world. Zimbabwe is one of the emerging nations with the fastest rates of growth. Billy Rautenbach is one of the most unapologetic businessmen in Zimbabwe. 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. Want to meet the Richest Men In Zimbabwe? Net worth on the ZSE: $664.3 million. After establishing his company in 1990, he actively engaged in the confectionery and food distribution business in the country. 1961 . Zed Kuodounaris is another businessperson who has successfully tapped into multiple sources of riches. 2023 AllroundGist | Designed and Managed by AllroundGist. The consent submitted will only be used for data processing originating from this website. Over the years, he has diversified his venture, investing in automobiles, wildlife safaris, farming, diamond mining, and trucking. 20 richest investors on the Zimbabwe Stock Exchange 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. 10 richest people in Zimbabwe - AvtoTachki Then, at such a young age, he started his real estate company. Thankfully, they are doing pretty well just like their father would. 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. Masiyiwa moved to South Africa in 2000 and now lives in London, England with his family. All Rights Reserved. Mfonobong Nsehe contributed to this report. Billy Rautenbach is the fourth richest man in Zimbabwe. Recommended: Most Handsome Nigerian Male Musician. His wealth is mostly generated from his property development venture and real estate. Strive Masiyiwa is the only official billionaire in Zimbabwe, hes a billionaire in dollars. His major Econet Group is headquartered in Mauritius. 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. Zed Koudounaris. Net worth: Estimated US$1 Billion; Industry: Restaurant Business; Another entrepreneur known for harnessing numerous wealth is Zed Kuodounaris. This amounts to a total loss of ZWL1.51 billion ($4.7 million) for the reclusive Zimbabwean businessman, who . Zimbabwean mogul Zed Koudounaris loses $4.7 million as Axia Corp shares. After he suddenly passed away in 2012, his children took over the estate. Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. The top-5 investors on the bourse control a total 43.93 percent of the Zimbabwe Stock Exchange. Holdings: Insscor Africa, Simbisa Brands, Axia Corporation. He began working in a tobacco company just after he graduated from school. The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. 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 Archives - Billionaires.Africa Holdings: Albert Katsande holds a two percent in OK Zimbabwe. There are certain Zimbabwean business owners that have built empires over the years and amassed a lot of wealth. Richest Men In Zimbabwe 2023: Top 10 Wealthiest - Bscholarly He founded his own company Caselle Group Of Companies in Belgium after many years of hard work and persistence. He owns a large portion of the locally owned department store Barbours as well as the ZSE-listed Miekles. Strive Masiyiwa had to spend a few years fighting through the governments opposition. 2023 DeltaQuest Media Limited. He owns just over 50% of the publicly traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. He is a rich tycoon that invests in lots of profitable businesses both within and outside the borders of Zimbabwe. After that, he relocated to Zimbabwe, where he now controls a number of enterprises and more than 1600 square kilometers of land. John Moxon is the executive chairman of Meikles, a publicly traded Zimbabwean company with a diverse portfolio of investments in hotel, retail, supermarket chain, agriculture and financial services. Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. Copyright 2023 Bscholarly LLC. He has held several positions within Innscor and was its Chief Executive Officer when it listed on the Zimbabwe Stock Exchange (ZSE) in 1998. 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. Strive Masiyiwa is a London-based entrepreneur born on 29th January 1961. Mr Koudounaris is also believed to have other interests in farming, mining, real estate and tourism. have a net worth of US$600m. Zed. Zed Koudounaris. He is a successful businessman that owns most of the mines in the Democratic Republic Of Congo and one of the richest people in Zimbabwe. . Charles Davy, who was born in 1952, is the seventh wealthiest person in Zimbabwe and is well-known for owning over 1300 square miles of property there through Lemco Safaris and HHK Safaris. 15 Richest People in Africa - Yahoo Finance He is also a Developer with knowledge in HTML, CSS, JS, PHP and React Native. The only listed entity is listed on the Zimbabwe Stock Exchange (ZSE). The Mother of All Mpofu Updates - LinkedIn Zimbabwean Canadian Community Magazine- for Zimbabweans in Canada. He is a very wealthy guy now. This article was originally published in March 2015. Zimbabwean Restaurant mogul Zed Koudounaris eyes Kenyan expansion for Check Pages 1-44 of ZimCanadian Community Magazine - Februarry 15th ISSUE 01 in the flip PDF version. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and . Currently, he holds a seat on five corporate boards, including New Dawn Mining Corp where hes the CEO. Zedd net worth 2021: Is he the richest DJ in the world? The countrys involvement in the Second Congo War in 1998 as well as the Zimbabwe governments controversial land reform programme and the hyperinflation of the Zimbabwean dollar, and many other factors, all played a role in the economys downturn. Zinona Koudounaris - Biography - MarketScreener.com Sorry, you have Javascript Disabled! He joined the company in 1996 and was appointed CEO in March 2021. Holdings: Ketan Joshi holds a 1.62-percent stake of FBC Holdings. In 2002, he was charged with manslaughter of a business rival and sentenced to 10 years in prison. His 18.41-percent stake in the company is worth $60.4 million. However, the verdict was later overturned. zed letter; zed us; Sort by: Most popular. The last figure on our list of the richest men in Zimbabwe is multi-millionaire Charles Davy. In Zimbabwe, its a prevalent misconception that he became wealthy in the late 1990s because to his hunting company. Top 10 Richest Men In Zimbabwe 2022; Current Net Worth Rob Davenport is another significant foreign investor in the nation. He started his entrepreneurial journey in 1990 when he established a confectionery and food distribution business which, ultimately, became the West Group. The successful and influential businessman is one of the richest people in Zimbabwe currently. The country has experienced stringent political situations and diverse monetary crises since its existence. He peddled different items and made thousands of dollars at that early age. Together with Fowler, he helped form Innscor Africa Limited in 1997. . Alick Macheso - Net worth $3 million. He has been in the mining business for over 20 years in counting and continues to break new ground in the industry. 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. Expansion of Simbisas footprint in Kenya remains a priority and in the six months to 31 December 2021, 26 new counters were opened in the market to close the period with 190 counters, Simbisa brands said in a regulatory filing. Nicholas was born in England in 1945. 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. Hot News April 15, 2023 0. He has held several managerial roles in some of Zimbabwes and South Africas biggest companies. He was also the pioneer managing editor of Ventures Africa and built it into one of the continents most influential business news companies. 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. Koudounaris, a Zimbabwean businessman and serial investor who founded Simbisa Brands, a fast-food restaurant operator with operations in Southern and East Africa, owns 20.6 percent of Harare-based Axia Corp. At the time of writing, shares in the leading group had fallen by 11.8 percent since the start of the year, from ZWL111.216 ($0.345) to ZWL98.003 ($0.304), bringing the groups market capitalization below ZWL55 billion ($175 million). With a highly successful business, Ken Sharpe has a net worth of $690,000,000. With a net worth of $590,000,000, Ian Saunders made a fortune even before he established his own business. He took over the family business, Wheels of Africa, after being born in 1959. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Tyler Zed - Bio, Wife, Podcast, Worth & Military - Biography His 4.19-per cent stake in the company is currently worth $11.6 million. Omokolade Ajayi is a financial reporter at Billionaires.Africa. law firms and other gatekeepers of the financial system in facilitating the creation of offshore companies for high net worth individuals. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. Additionally, he and his family own property in Harare. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since . The Zimbabwean billionaire is best known for having co-founded Innscor Africa, a manufacturer of consumer staple and durable goods. Below is the list of Top Five Billionaires in Zimbabwe. After selling the firm in 1993, he expanded into other industries, including the grey market for weaponry, sports marketing, and real estate. Top 10 Richest Men in Zimbabwe & Net Worth - Best Online Portal As the creator of the Miekles Group of Companies and a distant relative of Thomas Miekles, John Moxon is well recognized. Manage Settings This is as a result of the substantial contributions made by the populace to the advancement of the nation. According to data tracked by Billionaires.Africa, the Zimbabwean businessmans stake in Axia Corp has lost ZWL1.51 billion ($4.7 million) in market value since the beginning of the year, owing to a recent decline in the companys shares on the Zimbabwe Stock Exchange. At age 28, he was the countrys youngest millionaire. Holdings: Trynos Kufazvinei holds a 3.4-per cent stake in the financial services group, FBC Holdings. Koudounaris, one of Zimbabwe's most successful businessmen, is the founder of Simbisa brands. 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. Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. He (andhis fortune) is survived by his wife and their four children. Card payments collected by DeltaQuest Media Limited, company no. His company is one of the most successful fast-food brands in the country. He has interests in the trading of tobacco, diamond mining, and sports marketing. He is one of the richest people in Zimbabwe with a ton of luck and miracles. The Zimbabwean richest man was not in for games when he began investing in some of the highest-paying jobs in South Africa. vilken harry potter karaktr r jag mest lik. With a net worth of $743,000,000, Rautenbach built his business empire expanding to more than 12 countries on the continent including DRC, Zimbabwe, South Africa, Angola and Mozambique with Sabot as the cash cow. But just who are these successful businessmen? The explorative industries in the country are the mining, tourism, and agriculture sectors. Zinona (Zed) Koudounaris Bio - Wiki Mzansi He is considered to be among the richest people in Zimbabwe with an estimated net worth of around $1.1 billion. Zimbabwe has some assets and resources to be proud of. Despite the recent drop in Axias shares, Koudounaris remains one of the richest investors on the Zimbabwe Stock Exchange, and the company remains the ninth most valuable stock on the local bourse, with a market capitalization of R54.1 billion ($170 million). The business is also well-known for being a component of the Colcom, SeedCo Zimbabwe, SeedCo International, and Garfunkels organizations in Zimbabwe. 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. 0333 344 7476. flare network coinbase. Biography Born in Zimbabwe, Zinona Koudounaris completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce Degree in Business and Computer Science. Who is Mugabe's wife? As a result of the recent decline in the company's shares, the market value of Zed Koudounaris' stake in Axia Corp has dropped by 11.8 percent from ZWL12.75 billion ($39.59 million) on January 5 to ZWL11.23 billion ($34.88 million). With the affluence he has gained over the years he is a philanthropist and humanitarian in Zimbabwe, providing over 100,000 students with scholarships. Net worth: $1.5 billion Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. [2], Zimbabwe's Innscor Africa Directors Ensnared in Panama Papers, Mnangagwas oligarchs: The heirs of Cecil Rhodes. He covers topics ranging from company valuations to educational technology. This successful businessman is the richest person in Zimbabwe currently. Prominent names featuring on the list include Innscor Africa directors Zinona (Zed) Koudounaris and Michael Fowler, John Legat, Kingstone Munyawarara and former Cottco chief executive Happymore Mapara. Zinona (Zed) Koudounaris Profile. It is not clear what happened to those accusations. Net worth: Estimated US$900 million. Holdings: Econet Wireless Zimbabwe, Cassava Smartech . In fact, he is also referred to as the African Napoleon. Foounder and director of Trek Petroleum, Sakunda Holdings, Puma Zimbabwe, he recently bought shares on the Great Dyke investments platinum projects through the landela mining venture following the departure of the Zimbabwe national army. The current chairman and founder of Falcon Gold Limited are the ninth on our list of richest men in Zimbabwe. Zed Koudounaris. He is the editor-in-chief of Billionaires.Africa. 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. In its 2018 and 2019 billionaires . With a net worth of $793,000,000, John Bredenkamp is one of the richest men in Zimbabwe. Zed started Innscor Africa Limited with his friend Michael Fowler in 1997. His 18.41-percent stake in the company is worth $60.4 million. Net worth: $1.3 billion He has also worked in the mining industry, gathering over 20 years of experience. 8. His total fortune is estimated to be $734 million (603 million). Strive Masiyiwa is a London-based entrepreneur born on 29th January 1961. Required fields are marked *. This is one of the richest people in Zimbabwe that pursues a career in sports. Feyisayo Ajayi is a financial reporter for Billionaires.Africa. 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. Required fields are marked *. Zed Koudounaris. We and our partners use cookies to Store and/or access information on a device. 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 was born in 1959 and took over the family business, Wheels of Africa, turning it into the largest trucking company in Africa. Zed Koudounaris: Zed is a Zimbabwean entrepreneur who co-founded the Innscor Africa Limited with Michael Fowler. Surviving Cancer - Issuu 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? Zimbabwe among other countries has managed to produce a number of individuals ranked as the richest in Zimbabwe and beyond despite the dilapidated economy. 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. Holdings: Lance Kennedy owns a 10-percent stake in Zimplow Holdings, a diversified construction, infrastructure and agricultural equipment manufacturer and distributor. The highest-paid DJs are banking millions of dollars every year. The businessman is one of the richest people in Zimbabwe who earned their wealth through discipline and hard work. Zed Koudinaris - Acia Aero Leasing
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