zed koudounaris net worth

Net worth: $1.5 billion Strive Masiyiwa is a London-based entrepreneur born on 29th January 1961. In the 1990s, John Bredenkamps company became the largest tobacco merchant in Zimbabwe. This successful businessman is the richest person in Zimbabwe currently. Hot News April 15, 2023 0. Want to meet the Richest Men In Zimbabwe? Additionally, both of them own a major share in other Zimbabwe Stock Exchange-listed companies in Axia . Additionally, it is stated in the record that his companies employ about 600 Black families nationwide. Copyright 2023 Bscholarly LLC. Holdings: Insscor Africa, Simbisa Brands, Axia Corporation. Call Us Today! Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. Vector signs of nap, rest, dream or relax sound, comic book text sound effects with ZZZ . 2020. Life became even more catastrophic when his father shot his mother, and his sister, and then committed suicide. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co . Required fields are marked *. He founded the company in 1997 together with fellow entrepreneur Michael Fowler. 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. In Zimbabwe, Billy Conrad is a well-known businessman. Omokolade Ajayi is a financial reporter at Billionaires.Africa. ZZZ, ZZZZ doodle bed sleep snore icons ZZZ, ZZZZ doodle bed sleep snore icons. Together with Fowler, he helped form Innscor Africa Limited in 1997. Required fields are marked *. In addition to his riches, he also controls 50% of Cassava Smartech and blue-chip liquid Telecom Group. He is an accomplished businessman who co-founded Innscor Africa Limited with Zed Koudounaris in 1996. The world's premier source of news on Africa's billionaires and UHNWIs. Grace Mugabem. His total fortune is estimated to be $734 million (603 million). 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. Net worth on the ZSE: $101.1 million. Michael Fowler, whose name was referenced previously in this essay, is where we . Zimbabwe may not be the giant of Africa, but the country sure has some of Africas richest men. . Recommended: Best Science Courses To Study In The University 2023. Linked companies : Simbisa Brands Limited - Axia Corporation Limited - Innscor Africa Limited. Some of them are worth hundreds of millions of dollars in cash and assets. Strive Masiyiwa had to spend a few years fighting through the governments opposition. 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 . Zed Koudounaris. At age 28, he was the countrys youngest millionaire. At the moment, Zed sits on a number of boards which include Innscor Africa Limited, Simbisa Brands and Axia Corporation Limited. 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. 50 United States Unemployment Offices Closest To You, The 10 Best Roofing Companies In The United States, Top 10 Construction Companies in the United States, The 10 Best Employment Agencies In The United States, How To Download Videos From Social Networks [4 Tricks], Top 10 Best Fashion Schools In The World [2023], Worlds 10 Largest Hydropower: Top 10 Plants, Meet The 10 Richest Men In The World In 2023. 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. All Rights Reserved. Nicholas was born in England in 1945. . Black Church, St. Marys Place, Dublin 7, Ireland. He and Zed were friends and business partners initially before they both decide to establish a company. He was born in 1959 and took over the family business, Wheels of Africa, turning it into the largest trucking company in Africa. Net worth: Estimated US$1 Billion; Industry: Restaurant Business; Another entrepreneur known for harnessing numerous wealth is Zed Kuodounaris. 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 also a significant investor. Net worth: $590 million (about 485 million). To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. 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. . His eldest son Isaac took over the business upon his death. Hence, its an authentic piece of information. In Zimbabwe, Strive Masiyiwa is a renowned artist. 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]. Who is the 3 richest man in the world 2020? 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 . The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. His net worth is $734,000,000. He is among the founder of Innscor Africa Limited together with Fowler in 1997. In 2002, he was charged with manslaughter of a business rival and sentenced to 10 years in prison. They offer services that increase value, create employment, and boost Zimbabwes economy. Bonnie Deuschle . All rights reserved. The reason for this awful incident is unclear to this day. His 4.19-per cent stake in the company is currently worth $11.6 million. Born in South Africa in 1940, John Bredenkamp moved to then Rhodesia with his family when he was a child. 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. The top-5 investors on the bourse control a total 43.93 percent of the Zimbabwe Stock Exchange. According to Forbes, his net worth is estimated to be around $1.3 billion. His 18.41-percent stake in the company is worth $60.4 million. Mambo Dhuterere launched his new album yesterday at HICC. Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. This article will give you the breakdown of Richest Men in Zimbabwe Net Worth. Holdings: Albert Katsande holds a two percent in OK Zimbabwe. With his vast empire of businesses, he has a net worth of $743,000,000; making him one of the richest men in Zimbabwe. We have detailed the top ten richest persons in Zimbabwe under this post. 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. He began his entrepreneurial journey at a young age. 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). Who is Zed Koudounaris? . 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. The company was founded in 1996 after Zed met with Michael Fowler, the co-founder. Ken Sharpe. 2023 AllroundGist | Designed and Managed by AllroundGist. Nicholas began his commercial career at the age of 11 by selling stamps from private collections to renowned collectors. The Zimbabwean billionaire is best known for having co-founded Innscor Africa, a manufacturer of consumer staple and durable goods. He recently acquired Trek Petroleum assets and leases them to the new brand owners. 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. As the creator of the Miekles Group of Companies and a distant relative of Thomas Miekles, John Moxon is well recognized. The successful and influential businessman is one of the richest people in Zimbabwe currently. Zinona (Zed) Koudounaris Profile. He owns a large portion of the locally owned department store Barbours as well as the ZSE-listed Miekles. Join the conversation below and share your opinion with us! 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. 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. He eventually stabilized his company and has grown it into a multi-billion dollar company today. Koudounaris portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20.86 percent of Axia Corporation, a company that retails and distributes electrical appliances, automotive goods and fast moving consumer goods. Dr. Chipo Ndudzo - Managing Director. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. The recent increase in Nicky Oppenheimer's net worth builds on his gains in 2022 when his net worth increased by $75 million. He is on the board of Innscor Africa Ltd. (former CEO & Non-Independent Non-Executive Director), Simbisa Brands Ltd. and . All Rights Reserved. Net worth: $734 million. #4 Zinona Koudounaris Net worth on the ZSE: $101.1 million . Zed Koudounaris. He is a self-made millionaire and accomplished businessman in Zimbabwe. It is not clear what happened to those accusations. Africa used to and still is referred to as the poorest economy in the world. He had a humble childhood as an early orphan. He is worth more than $900 million. Over the years, he has diversified his venture, investing in automobiles, wildlife safaris, farming, diamond mining, and trucking. Join us as we take a look at the top 10 richest people in Zimbabwe. It is one of Zimbabwes most successful conglomerates due to the companys strong performance. The tenth richest man in Zimbabwe owns over 1300 sq. Holdings: Insscor Africa, Simbisa Brands, Axia Corporation. Reports say many government officials and ruling party types throng Khumbulas office seeking financial favours from Koudounaris. DeltaQuest Media Limited. He took over the family business, Wheels of Africa, after being born in 1959. 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). Save my name, email, and website in this browser for the next time I comment. Ken Sharpe and Dr James Makamba each Zed Kuodounaris is another businessperson who has successfully tapped into multiple sources of riches. Mr. Zinona ("Zed") Koudounaris serves as the Chairman of the ACIA Aero Leasing Group Board and the Group's Investment Committee. This business ended up becoming what is known as West Group today. He is also reputed to provide financial services to a few chosen clients, both inside and outside of Zimbabwe. Born in South Africa in 1952, Charles Davy owns some 1,300 square miles of land in the Lemco Safari Area or about 0.09 per cent of all agricultural land in Zimbabwe. Download ZimCanadian Community Magazine - Februarry 15th ISSUE 01 PDF for free. Born in Shoreham-by-Sea, England in 1945, Nicholas van Hoogstraten is currently the third richest person in Zimbabwe. Ken Sharpe is one of the most successful businessmen in Zimbabwe. Zed also has an interest in other industries and sectors, hoping to diversify his business sometime in the future. Zimbabwe is one of the emerging nations with the fastest rates of growth. His business now provides employment to over 600 black families in Zimbabwe. However, the verdict was later overturned. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Top 10 Most Expensive Cars in the World ([year]), Top 10 Highest Paying Jobs In South Africa ([year]), Top 10 Ways to Save Your Mobile Data: Surefire Tips [year], Top 10 Most Stable Currencies in the World ([year]), How To Download Videos From Pinterest: PC/Mobile Method, How to Download Video from Facebook ([year] Tutorial), Light Downloads: How to Download Movies from LightDL.xyz, Get Free 6,000 Active Nigerian Email Addresses Database List, Top 10 Best Currencies to Invest In ([year]), Top 10 Sites to Download Korean Movies for Free [year], John Grisham Net Worth and Biography ([year]). He was rated as the youngest millionaire in Britain at 28. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since . 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. Find more similar flip PDFs like ZimCanadian Community Magazine - Februarry 15th ISSUE 01. In fact, he is also referred to as the African Napoleon. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. 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. Zimbabwe has some assets and resources to be proud of. Approximately 50% of the mobile phone firm is owned by Strive Masiyiwa. Michael Fowler. One of the most famous and richest DJs in the world is Zedd, real name Anton Zaslavski. Zed is a Zimbabwean entrepreneur who co-founded Innscor Africa Limited with Michael Fowler. When he initially founded the company in 1998, the Zimbabwean government wasnt in support of the establishment. David Mazvidza - Finance Director. His 18.41-percent stake in the company is worth $60.4 million. Davys daughter is none other than Chelsy Davy, the relatively famous former on-off girlfriend of Prince Harry between 2004 and 2011. 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. 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. Net worth on the ZSE: $664.3 million . He completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree . The current chairman and founder of Falcon Gold Limited are the ninth on our list of richest men in Zimbabwe. Read Also: 10 Countries With Most Beautiful Women In Africa. The more the information the public was fed the less informed they became about Munatsi's weird departure. Sam Levy Family is the property developer that constructed the shopping mall Sam Levys Village. Also see: Most Beautiful States In USA 2023. 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. Sam Levy is well known for constructing Sam Levys Village Shopping Mall in Borrowdale. 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. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. 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 is yet regarded among the richest Zimbabweans despite his crimes. Michael Fowler, whose name was referenced previously in this essay, is where we now are. 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. Zinona Koudounaris, better known as Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. It was then that he immigrated to Zimbabwe, establishing several companies in over 1600 sq. Do you have anything youd like to add? Simbisa currently operates 413 Quick Service Restaurants (QSR) in 9 countries across Africa. This amounts to a total loss of ZWL1.51 billion ($4.7 million) for the reclusive Zimbabwean businessman, who is one of the countrys wealthiest. Masiyiwa also owns just over half of the private company Liquid Telecom, which provides fiber optic and satellite services to telecom firms across Africa. With a GDP now exceeding $28 billion, Zimbabwe is slowly recovering after years of turmoil and turning into the next big thing. Mr Koudounaris is also believed to have other interests in farming, mining, real estate and tourism. He joined the company in 1996 and was appointed CEO in March 2021. He owns just over 50% of the publicly traded Econet Wireless Zimbabwe, which is one part of his larger Econet Group. Notify me of follow-up comments by email. Holdings: Trynos Kufazvinei holds a 3.4-per cent stake in the financial services group, FBC Holdings. Zinona Koudounaris. 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. 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. Zed has interests in mining . Chelsy Davy, his daughter, was Prince Harrys on-and-off lover between 2004 and 2011. Save my name, email, and website in this browser for the next time I comment. Othman Benjelloun is the CEO of BMCE (Moroccan Bank for External Trade) that has operations in over 20 African countries and . Masiyiwa moved to South Africa in 2000 and now lives in London, England with his 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. 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. Zimbabwean Canadian Community Magazine- for Zimbabweans in Canada. 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. 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. In its 2018 and 2019 billionaires . Additionally, they bring in foreign currency through their business endeavors, which significantly strengthens Zimbabwes economy. He gained notoriety for lending Mugabe more than $10 million. 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. His 18.41-percent stake in the company is worth $60.4 million. 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. He currently owns 52% of a mobile phone network called Econet Wireless. In Zimbabwe, the Safaris first operated as a hunting safari company. Born in Zimbabwe, Zinona (Zed) Koudounaris completed his tertiary education at Rhodes University in South Africa where he attained a Bachelor of Commerce degree, majoring in Business and Computer Sciences. Zimbabwes richest man and founder of Econet Global ltd owns 43.7 percent of Econet Wireless Zimbabwe the countrys largest mobile telecom company. As per "The Guardian"- Bredenkamp has an estimated worth of $793 million (700 million) which he has earned from tobacco trading, diamond mining, and sports . Through the channel, he advocates political issues and entertainment, individual liberty, term limitations for the congress, hypocrisy in media, corrupted . His total net worth is estimated at $734 million (603 million . The consent submitted will only be used for data processing originating from this website. He founded his own company Caselle Group Of Companies in Belgium after many years of hard work and persistence. Additionally, he owns many diamond mining operations in the DRC. 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. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. 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). Matlhogonolo Valela owns a 0.87-percent stake in Delta Corporation, Zimbabwes largest beverage manufacturer. Holdings: Econet Wireless Zimbabwe, Cassava Smartech . Sam Levy Family. According to Zimbabwean law, this is prohibited unless authorised by the Zimbabwe Reserve Bank which, naturally, was not. As of today, its the fifth-largest in the world. Zinona Koudounaris . Your email address will not be published. The main business of the financier is the sales of trucks, car manufacturing, agriculture, and the mining industry. 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. Together with Fowler, he helped form Innscor Africa Limited in 1997. . The capital of this country is Harare which is also rated as the largest and most populous city in Zimbabwe. If you Google the current Richest Men in Zimbabwe Net Worth according to Forbes, you would be presented with a host of results that might confuse you. The business started as a chicken store which later grew into a large FMCG production and distribution company. Below is the list of Top Five Billionaires in Zimbabwe. He rose to prominence after overcoming government objections to build Econet Wireless Zimbabwe, an independent mobile phone network, in 1998. 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. 2023 Billionaires.Africa. Aside from trying to do business, he was also eager to learn from those who have succeeded immensely as business owners. 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. 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. Born in 1968, Ian Saunders has held many technical and managerial roles in South Africa and Zimbabwe and has more than 20 years experience in the mining industry. Billy Rautenbach is the fourth richest man in Zimbabwe. This is one of the richest people in Zimbabwe that pursues a career in sports. Van Hoogstraten's net worth is unknown, but he is a major investor on the stock market and has a large farming estate in the Midlands province, where Mnangagwa comes from. 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. 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.

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