Top 10 Richest Men in Zimbabwe & Net Worth 2024

The wealth of the top 10 richest men in Zimbabwe could have been amassed through various means, including entrepreneurship, investments, inheritance, and successful business ventures in sectors such as mining, agriculture, finance, telecommunications, and manufacturing.

They likely built their wealth through a combination of hard work, strategic decision-making, and seizing opportunities in the Zimbabwean economy. Additionally, factors such as political connections and access to resources may have played a role in the wealth accumulation of the richest men in Zimbabwe.

Table of Contents

Top 10 Richest Men in Zimbabwe

Strive Masiyiwa
Phillip Chiyangwa
Shingai Mutasa
Moses Tonderai Chingwena
Emmanuel Makandiwa
Ezekiel Guti
Douglas Munatsi
Solomon Guramatunhu
Honour Mkushi
James Makamba

Strive Masiyiwa

A prominent businessman, entrepreneur, and philanthropist from Zimbabwe is Strive Masiyiwa. He is the creator and executive chairman of Econet Group, a multi-national technology and telecommunications company that operates in various African nations.

Masiyiwa is well known for having been a trailblazer in the introduction of mobile telecommunications to Zimbabwe and for his contributions to the growth of the African telecommunications sector.

Apart from his commercial pursuits, Masiyiwa is well-known for his charitable contributions. He has significantly aided efforts for economic development, healthcare, and education throughout Africa through his family foundation.

Masiyiwa is regarded as one of the most important business figures in Africa and has won various accolades for his charitable work and business prowess.
Net Worth: He has an estimated net worth of $2.7 billion. As per Forbes, he stands as the richest man in Zimbabwe.

Phillip Chiyangwa

Renowned businessman, politician, and former football administrator Phillip Chiyangwa hails from Zimbabwe. He is well-known for his wide range of commercial ventures and his participation in several sectors, such as entertainment, real estate, and hospitality. Chiyangwa has had senior roles in many businesses and associations, such as the Zimbabwean Affirmative Action Group (AAG).

He is renowned for his business acumen and his contribution to Zimbabwe’s economic progress and emancipation. Chiyangwa has also been active in politics, having held posts within the ZANU-PF party and served as a member of parliament.

He has also been involved in football administration, holding positions as an executive committee member of the Confederation of African Football (CAF) and president of the Zimbabwe Football Association (ZIFA). Chiyangwa is considered one of the most prominent businessmen and public figures in Zimbabwe.
Net Worth: His net worth is around $2 billion.

Shingai Mutasa

Shingai Mutasa is a well-known businessman and entrepreneur from Zimbabwe. He is well-known for his contributions to the banking, hospitality, and telecommunications industries in Zimbabwe.

He established Masawara, a Zimbabwe-centric investment company listed on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). Mutasa has occupied executive roles in some businesses, such as TA Holdings and Econet Wireless Zimbabwe.

Mutasa has made investments in hotels and other tourism-related businesses, demonstrating his involvement in the hospitality sector. He is considered one of the most successful businessmen and businesspeople in Zimbabwe.

Net Worth: His net worth is estimated to be $2 billion.

Moses Tonderai Chingwena

Business leader and entrepreneur Moses Tonderai Chingwena hails from Zimbabwe. His contributions to several fields, including technology and telecommunications, are well known. Expanding access to communication technologies in Zimbabwe has been made possible by Chingwena’s involvement in the creation and operation of the nation’s telecommunications infrastructure and services.

To support Zimbabwe’s economic development, he has also taken part in various entrepreneurial endeavors and projects. Chingwena is renowned for his spirit of entrepreneurship and dedication to promoting advancement and innovation in the business world.
Net Worth: Estimated to $150 million.

Emmanuel Makandiwa

Prominent Zimbabwean preacher and prophet Emmanuel Makandiwa founded the United Family International Church (UFIC). He is well known for having a significant impact on Zimbabwe’s religious scene and beyond.

Since its founding in 2008 by Makandiwa, UFIC has expanded to become one of Zimbabwe’s biggest and most powerful churches, having branches all over the world. His dramatic style of preaching, prophetic ministry, and emphasis on spiritual empowerment and prosperity doctrines have made him well-known.

The lives of many who have followed Makandiwa have been profoundly impacted by his ministry, which has drawn a sizable following. He is seen as one of the key players in Africa’s charismatic movement.
Net Worth: abtc.ng estimated his net worth to be $150 million.

Ezekiel Guti

Renowned religious figure in Zimbabwe, Ezekiel Guti founded the Zimbabwe Assemblies of God Africa (Z.A.O.G.A). He is well known for having a significant impact on the Pentecostal movement in Zimbabwe and throughout Africa. The Z.A.O.G.A church, founded by Guti in 1960, has expanded to become one of the biggest and most significant Christian churches in Zimbabwe and beyond.

Millions of people have benefited from his teachings, spiritual guidance, and charitable endeavors, for which he is well regarded. Guti has gained a great deal of respect and affection for his efforts to promote social welfare programs and the gospel.
Net Worth: Forbes estimates his net worth to be approximately $130 million.

Douglas Munatsi

Douglas Munatsi is a well-known investor, businessman, and entrepreneur from Zimbabwe. He is well-known in Zimbabwe and elsewhere for his contributions to the finance and investment industries.

Munatsi was the founder of Imara Asset Management Group and the former CEO of Zimbabwe Investment Authority (ZIA), among other financial institutions and businesses where he had leadership roles. In addition to his efforts to support business and economic development in Zimbabwe, he is well-known for his proficiency in investment management.
Net Worth: He possesses an estimated net worth of approximately $120 million.

Solomon Guramatunhu

Zimbabwean businessman and entrepreneur Solomon Guramatunhu. His contributions to several areas, such as industry, agriculture, and finance, are well known. Guramatunhu has occupied executive roles in many businesses and associations, where he has been instrumental in promoting the expansion and advancement of the enterprise.

He is renowned for his visionary approach to entrepreneurship and his dedication to advancing Zimbabwe’s economic development. Guramatunhu’s commercial ventures have improved the Zimbabwean economy overall, stimulated innovation, and produced jobs. He is recognized as a significant actor in Zimbabwe’s business scene and a respected member of the business community.
Net Worth: Ranges from $90 – $100 million.

Honour Mkushi

Honour Mkushi, who hails from Zimbabwe and practices law in the private sector, assumes multiple leadership roles within various companies. Specifically, he holds the esteemed positions of Chairman at Nissan Clover Leaf Motors, Automotive Distributor Pvt Ltd., CAFCA Ltd., Marsh Insurance Brokers (Pvt) Ltd., and Lindsay Chemie Pharmaceuticals Limited.
Net Worth: Net worth of $98 million.

James Makamba

Businessman, entrepreneur, and former politician James Makamba is from Zimbabwe. His experience spans across multiple areas, such as journalism, finance, and telecommunications. Makamba is a well-known figure in organizations including the Reserve Bank of Zimbabwe, Telecel Zimbabwe, and the Zimbabwe Broadcasting Corporation (ZBC).

In addition to his entrepreneurial pursuits in several industries, he is well-known for his contributions to the growth of Zimbabwe’s telecom industry.
Net Worth: An estimated net worth of approximately $60 million.

What are the Areas of Interests When it Comes to the Richest Men in Zimbabwe?

When considering the richest men in Zimbabwe, various aspects of their wealth, influence, and impact typically pique curiosity. Firstly, attention is often drawn to their net worth and its fluctuations over time, providing insights into their financial success and stability.

Also, there is a keen interest in understanding the sources of their wealth and the industries or businesses through which they have amassed their fortunes. Exploring the major business ventures of the richest men in Zimbabwe, both within Zimbabwe and internationally, offers valuable context for their entrepreneurial endeavors and global reach.

Moreover, the philanthropic activities and initiatives they support serve as a lens through which to assess their contributions to the community and engagement with social causes.

Examining their influence within Zimbabwean society, including their roles in politics, the economy, and broader social spheres, sheds light on their significance and impact beyond their financial standing alone. Furthermore, scrutiny of any challenges or controversies they may have faced provides a nuanced understanding of their personal and professional journeys.

Looking ahead, inquiries into their plans and aspirations offer insights into how they may continue to shape Zimbabwe’s economic landscape and contribute to its development. Overall, these inquiries form the basis of a comprehensive exploration of the richest men in Zimbabwe, encompassing their wealth, influence, philanthropy, challenges, and visions for the future.

In brief, the richest men in Zimbabwe, including prominent figures like Strive Masiyiwa, have accumulated substantial wealth through diversified investments and philanthropy. Their entrepreneurial endeavors have not only fueled economic growth but also facilitated social progress.

Despite facing challenges, these individuals continue to shape the nation’s trajectory, leveraging their resources and influence to drive positive change. Their contributions extend beyond financial success, leaving a lasting impact on Zimbabwe’s development and prospects.