These Below are the Top 10 Richest Zambians 2018. Zambia is definitely doing well with their economy and these are just a few of the people who contribute to the wellness of the country’s economy through their flourishing businesses and great ideas. Zambia has one of the most consistent growth levels in terms of G.D.P around the world. They register an impressive 6.7% average growth in G.D.P every year. The businessmen and women in the country are working really hard to ensure that the economy stays aloof. Other than that the privatization of the copper mining industry in their country has helped their economy a great deal as they greatly benefit from the production of copper.

The richest Zambians are owners of reputable businesses having been able to build business empires. For some of them, their success has enabled them to clinch powerful leadership positions in the political arena. Here is a list of the who is who in Zambia.

Check out the richest person in Zambia 2018


This list would not be complete if we forgot to mention business mogul Hakainde Hichilema who also doubles up as a politician. As a matter of fact He is the opposition leader in Zambia. He is well read, with an MBA in Finance from a top university in London. He is a millionaire and he happens to own one of the biggest ranches in Zambia.



Edgar Chagwa Lungu (born 11 November 1956) is a Zambian politician who has been the President of Zambia since January 2015. Under President Michael Sata, Lungu served as Minister of Justice and Minister of Defense. Following Sata’s death in October 2014, Lungu was adopted as the candidate of the ruling Patriotic Front for the January 2015 presidential by-election, which was to determine who would serve out the remainder of Sata’s term. In the election, he narrowly defeated opposition candidate Hakainde Hichilema and took office on 25 January 2015.

President Edgar Chagwa Lungu has powered his way into immense wealth over the past two years of his Presidency -from the net worth of K2 million in 2015 to over K27 million in 2016 (one year). As at the end of December, 2017, President Edgar has moved remarkably to the second spot of the richest people in Zambia with a net worth of around 400 million dollars. His source of wealth is his investment with Scania trucks and holding majority shares with undisclosed top companies in Zambia.


Noble is the founder of Auto-world. This one of the biggest motor shops in all of Zambia with eleven branches spread across the country. He founded the company with his wife and two sons hence this is in all essence a family company. The man is said to be worth an average of 310 million dollars. The company sells cars, boats as well as other motor products.


.This woman has risen to the top thanks to her entrepreneurial prowess especially in the area of real estate where she has been extensively involved. She also takes a keen interest in wildlife and so she has sat on the boards of many wildlife trusts such as the David Shepherd wildlife trust.


Dr. Rajan Mahtani’s business empire is large and He also doubles up as the chairman of Finance bank limited. The man is well read as well. Apart from being a certified accountant, he also has a P.H.D in commercial law. It is safe to say that this business tycoon is well worth an average of 293 million dollars.


This business mogul is an expert in real estate. He owns a number of malls and he also has great interests in the hotel industry with well over seven hotels. He has been able to rise because of his great ability to strategize and get the best out of any deal. He is a very smart business man. Currently, he has been able to partner with Africa’s largest hotel group to bring up another luxurious hotel.

7. Carl Irwin

Carl Irwin and his family are the brains behind Zambeef products, one of the largest meat companies in Zambia. They have risen from humble beginnings starting from owning just one butchery to growing it into multi-national company. Noteworthy is that the company has been listed in both the London stock exchange as well as the Zambian stock exchange.

8. GBM

He is also former Member of Parliament for Kasama in Zambia which tells us that apart from business, his focus is also on politics. He is an immaculate business man. He has also served as the minister for Defense in his country between the years of 2011 and 2013. He is hardworking and ambitious man mostly popular for his political career.


This is also another wealthy business man who has tossed himself into the field of politics. He has been able to grow his wealth by making wise investments. He owns shares in a number of successful companies namely, Lafarge Cement Company, Tiiseza Zambia Ltd, and the Copperbelt Energy Co-operation.


This business man has managed to create a whole other concept to tourism by combining wildlife art and luxurious living through his impeccable property known as Chaminuka village. The village sits in the middle of wildlife and boosts of having an art heritage of about 50 years from all around Africa. This is truly a beauty to behold. One can only imagine its worth.


    • Also, where does he get the time to govern the country and run a business growing at 200 000% in two years? Amazing hey….what business on earth can you go into that can grow 200 000% in two years? Robbing banks or the treasury?

  1. What kind of business does he do for ECL to make $400 000 within two years? I suggest a lyfestyle audit should be undertaken. If the monies are from the govt coffers, it will need to be taken back!! All of it!! The Zambian people needs that money for developmental purposes not for enriching an individual and his family!!

  2. What is Lungu’s source of Wealth if not from lucrative State House corrupt deals? Lungu must account for this rapid accumulation of personal wealth in such a short period of time.

  3. Lungu ‘s source of wealth is not natural so it will disappear as it is stolen wealth. Zambians be careful because he wants to wipe Lusaka residents , just ask yourselves why they are testing Lusaka water from the taps or the main reservoirs

  4. This is a very fake report bent on malice and hate.
    HH is not the richest in Zambia please! Rich people don’t talk .
    Even trade kings is far richer .
    Lungu for heaven’s sake cannot be richer than the zambeef man not even matani or sadanis.
    Spreading falsehood to cause hate is not good .
    Leadership comes with God’s blessing and not by propagating hate as a catalyst to usurp power.

    • @ MD and I quote you “Rich people don’t talk” has any one of the people listed in the article talked or bragged about their worth or its someone else who has given a release of what he or she believes is a listing of the richest Zambians? I may not agree with the stratification but the names surely make the grade among Zambia’s well to do through hard work or “other means!”

    • You don’t understand. Zambeef is not owned by an individual but share horders. Understand things before u comment otherwise u expose your ignorance.

    • Ba MD, release your report kaili. It seems you know Lungu better than all of us. And why do you single out Lungu in your complaint. Are you a beneficiary with him, baba?

  5. This is a shit report meant to discredit lungu.its false .is gbm still a member of parliament for kasama?this report is not from forbes .

    • You dont discredit people by claiming they are rich. On the contrary you elevate their status…unless that wealth is either stolen or cant be accounted for.

  6. If this Report is false then Lungu should declare his assets and a life style audit should be carried out on him. The perception that Lungu and the thieves and criminals who surround him will never be erased unless Lungu demonstrates that he doesn’t believe in 100% Tolerance Policy towards Corruption. Even the Clergy believes that Lungu is Corrupt and most of the Corrupt deals in the Lungu PF govt are schemed at State House under Lungu’s watch.Perception is Reality in this case. The Koswe Mumpoto President at State House is a Reality and not Fiction.

  7. Can we investigate these ritual killings. Which people are behind it? People have started dying again. Can soulders be diployed to stampout this vice. Church is quiet?? This is worrying


Please enter your comment!
Please enter your name here