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. In 1976, he founded the Caselle Group of Companies. 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. Douglas Mboweni is the group CEO of Econet Wireless Zimbabwe. 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]). 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. 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. 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. Fowler is currently the brains between a new Gold mine, he co-founded Innscor Africa as a chicken shop in 1987. 219 Followers, 842 Following, 926 Posts - See Instagram photos and videos from Chris Koudounaris (@koudounaris) Read Also: 10 Countries With Most Beautiful Women In Africa. law firms and other gatekeepers of the financial system in facilitating the creation of offshore companies for high net worth individuals. Zimbabwean restaurant mogul Zed Koudounaris eyes Kenyan expansion for Simbisa brands. Zed Koudounaris, commonly known as Zed, is the co-founder of a multi-billion dollar company Innscor. . He is a rich tycoon that invests in lots of profitable businesses both within and outside the borders of Zimbabwe. 280 Zimbabwean tycoons exposed in Panama Papers - Bulawayo24 News . Mr. Zinona ("Zed") Koudounaris serves as the Chairman of the ACIA Aero Leasing Group Board and the Group's Investment Committee. Interestingly, he is a businessman who began his entrepreneurial journey at the age of 14. He eventually stabilized his company and has grown it into a multi-billion dollar company today. He is also a long time ally of Emmerson Mnangagwa, he is very close to senior politicians in Zimbabwe since the 1998 DRC war. Michael Fowler. 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. This is one of the richest people in Zimbabwe that pursues a career in sports. ZZZ, ZZZZ doodle bed sleep snore icons ZZZ, ZZZZ doodle bed sleep snore icons. 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. You only need to look at Simbisa Brands to understand this. As the editor-in-chief of CareerAddict, Chris oversees our content strategy and editorial operations. Holdings: Rutenhuro Moyo holds a 3.2-percent stake in OK Zimbabwe, a leading supermarket retailer covering groceries, basic clothing and textiles and houseware products. Mnangagwa's oligarchs: The heirs of Cecil Rhodes - Daily Maverick 14,400+ Zed Stock Photos, Pictures & Royalty-Free Images - iStock The explorative industries in the country are the mining, tourism, and agriculture sectors. We and our partners use cookies to Store and/or access information on a device. He began his entrepreneurial journey at a young age. There are certain Zimbabwean business owners that have built empires over the years and amassed a lot of wealth. [1], In February 2022, more information was forthcoming: In addition to his riches, he also controls 50% of Cassava Smartech and blue-chip liquid Telecom Group. zed monopoly net worth zed monopoly net worth - lgs.sf.ddns.bulsat.com After selling the firm in 1993, he expanded into other industries, including the grey market for weaponry, sports marketing, and real estate. 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. The more the information the public was fed the less informed they became about Munatsi's weird departure. Michael Fowler is definitely one of the richest men in Zimbabwe. This amounts to a total loss of ZWL1.51 billion ($4.7 million) for the reclusive Zimbabwean businessman, who . His total fortune is estimated to be $734 million (603 million). 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. 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. 20 Richest Investors On The Zimbabwe Stock Exchange ZimCan263 Magazine by Kaybeth Media - Issuu With a net worth of $590,000,000, Ian Saunders made a fortune even before he established his own business. He resides in the United Kingdom and holds the position of Director for the Econet Wireless organization. He is on the board of Innscor Africa Ltd. (former CEO & Non-Independent Non-Executive Director), Simbisa Brands Ltd. and . Zed Koudounaris. This company has grown and established itself not just in Africa but also on a worldwide scale. 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. 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. While under the government of Mugabe in 2014, he made a shady deal that landed him $75 million in just three weeks. He is the Chairperson and founder of Econet Wireless; a company that deals in telecommunication. Who is the 3 richest man in the world 2020? 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. He owns a 0.49-percent stake in the company, which is worth $5.8 million. Additionally, he owns many diamond mining operations in the DRC. miles in the safari for the sole purpose of hunting. Zinona Koudounaris. Fugitive murderer Peter Dube surfaces in Ireland, Kenya Instagram model Brenda Akinyi Ochola dies after drugs explode in her stomach, Watch: Dennis Munyikwa last video before committing suicide, Jean Gasho and her husband arrested in UK, Madzibaba Owen Chingondi spoils 15-year-old son with a brand new Toyota GD6 For his birthday, CHAOS As Tendai Biti Receives Death Threats From Chamisa Supporters, More Than 15 000 Nurses Down Tools Demanding Salaries in USD, Mambo Dhuterere gets more than US$30K, residential stand on his album launch, Pictures: Boity exclusive all white party at Vic Falls Carnival, Winky D says he was warned against performing Ibotso. He currently owns 52% of a mobile phone network called Econet Wireless. ZimCanadian Community Magazine - Februarry 15th ISSUE 01 was published by Kaybeth Media on 2020-02-12. Zimbabwe has some assets and resources to be proud of. 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 International Consortium of Investigative Journalists has named over 280 Zimbabweans, including prominent businesspeople, who reportedly syphoned billions of dollars out of the country. 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. Required fields are marked *. The Sam Levy Familys net worth is over $677,000,000. Holdings: Econet Wireless Zimbabwe, Cassava Smartech . It would be difficult to give a specific number of millionaires in Zimbabwe. Born in Bulawayo, Zimbabwe, he first worked for Kantor and Immerman before relocating to the UK. Wairegi owns a beneficial 4.02-percent stake in the Kenyan investment holding. . Net worth: $860 million. . Zinona (Zed) Koudounaris Bio - Wiki Mzansi An example of data being processed may be a unique identifier stored in a cookie. address: The 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. 2023 Billionaires.Africa. This article will give you the breakdown of Richest Men in Zimbabwe Net Worth. Real estate, agriculture, mining, and tourism are some of Zed Kuodounaris other interests. However, the verdict was later overturned. In 2022, Patel acquired an additional 7.9 million shares worth $2.52 million in Bamburi Cement. After establishing his company in 1990, he actively engaged in the confectionery and food distribution business in the country. Charles Davys estimated net worth is around $570,000,000. Additionally, both of them own a major share in other Zimbabwe Stock Exchange-listed companies in Axia . At 14, he began wearing a suit to school and reportedly excused himself from class to read the Financial Times. The Brains & Owners Behind the Famous Chicken Inn outlet 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. 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. . Check Pages 1-44 of ZimCanadian Community Magazine - Februarry 15th ISSUE 01 in the flip PDF version. Posted by Staff Writer | May 7, 2019 | All Articles, Entrepreneurs Profiles, ZSE | 0. Zimbabwe is one of the emerging nations with the fastest rates of growth. Should be on the list too, Your email address will not be published. According to Zimbabwean law, this is prohibited unless authorised by the Zimbabwe Reserve Bank which, naturally, was not. The business started as a chicken store which later grew into a large FMCG production and distribution company. Simbisa currently operates 413 Quick Service Restaurants (QSR) in 9 countries across Africa. Zed. Zinona Koudounaris, popularly known as "Zed," co-founded Innscor Africa in 1997 with his partner Michael Fowler. Paddy Zhanda owns 10.5 percent of Masimba Holdings, a publicly listed company that provides engineering and infrastructure client solutions. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and 20 . 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. Hot News April 15, 2023 0. The country currently has a GDP of $28 million which is a testimonial of the improving economy of the country. Billys businesses mostly focus on haulage, farming, wildlife safaris, cobalt mining, and automobile manufacture. Dr. Chipo Ndudzo - Managing Director. 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. There is no denying that Zimbabwe has a number of wealthy men. His business now provides employment to over 600 black families in Zimbabwe. 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. 20 richest investors on the Zimbabwe Stock Exchange 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. Zed Koudinaris - Acia Aero Leasing 2023 DeltaQuest Media Limited. Zed Koudounaris. Koudounaris' portfolio on the Zimbabwe Stock Exchange includes 2.5 percent of Innscor Africa, 18.41 percent of Simbisa Brands and . He is also a significant investor. The business is on track to achieve the pipeline target of 55 new store openings in the financial year 2022, the filing continued. He is a self-made millionaire and accomplished businessman in Zimbabwe. 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. He founded his own company Caselle Group Of Companies in Belgium after many years of hard work and persistence. Billy Rautenbach is the fourth richest man in Zimbabwe. However, he pulled through and woke up on his daughters 11th birthday. 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. Zed Koudounaris. This article was originally published in March 2015. He joined the company in 1996 and was appointed CEO in March 2021. The consent submitted will only be used for data processing originating from this website. Known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent, Billy Reutenbacks business ventures include car manufacturing, farming, mining and trucking. . In fact, he is also referred to as the African Napoleon. Zed started Innscor Africa Limited with his friend Michael Fowler in 1997. Net worth: $1.5 billion Zed, has served as Non-Executive Director of Innscor since 1996, which he co-founded with Michael Fowler. 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. 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 . Zed is a mega-rich mogul, Zimbabwean businessman, and entrepreneur who co-founded Innscor African Limited alongside Michael . If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Net worth: $540 million (about 444 million). city of pomona water resources department; ucsd hdh connect; david millbern partner; zed monopoly net worth zed monopoly net worth zed monopoly net worth Together with Fowler, he helped form Innscor Africa Limited in 1997. . This Zimbabwean entrepreneur was born in England into a humble home. His 4.19-per cent stake in the company is currently worth $11.6 million. Billy is known as the Napoleon of Africa due to his business empire expanding to more than 12 countries on the continent. He is heavily invested in Tripple C Pigs.