Top 10 Richest People in Zambia in 2026

• By Clinton Wanjala

• 14446

• Last updated Jan 3, 2026

Zambia boasts successful entrepreneurs and business leaders who play a pivotal role in shaping the country's economic landscape. Here’s a list of the wealthiest Zambians and their achievements:

1. Hakainde Hichilema – $1 Billion

Hakainde Hichilema, Zambia's President, is a successful entrepreneur with investments in agriculture, ranching, and real estate. 

His business ventures and landholdings have solidified his wealth and influence. 

Also check out: Richest People in Tanzania in 2026

2. Mutt Lange – $225 Million

Born in Zambia, Mutt Lange is an iconic music producer behind hits for international artists. 

Despite living abroad, his contributions to the entertainment industry keep him among Zambia's richest.

3. Robin Miller – $301 Million

Robin Miller is a key figure in Zambia's real estate industry. As the managing director of Real Estate Investments Zambia (REIZ), he has amassed significant wealth through property investments and urban development projects.

4. Geoffrey Bwalya Mwamba (GBM) – $218 Million

GBM is a well-known businessman and former politician with interests in agriculture, manufacturing, and transportation. 

His diversified ventures contribute significantly to his wealth.

5. Charles Milupi – $210 Million

Charles Milupi, a politician and businessman, is heavily invested in Zambia’s infrastructure and energy sectors. His work has boosted Zambia's economic progress.

6. Rajan Mahtani – $150 Million

Dr. Rajan Mahtani, chairman of Finance Bank Zambia, is a prominent investor in banking, real estate, and healthcare. He is also active in philanthropy, supporting education and community projects.

7. Stirling Banda – $120 Million

Banda's wealth stems from his investments in Zambia’s lucrative mining sector. His contributions to the industry have helped drive economic growth in the region.

8. Mark O’Donnell – $110 Million

Mark O’Donnell is a major player in Zambia’s retail and hospitality industries, owning several shopping malls and hotels. His ventures are instrumental in boosting Zambia’s tourism.

9. Charles Lubasi – $90 Million

An innovator in Zambia’s telecommunications sector, Charles Lubasi has been at the forefront of improving the country’s connectivity infrastructure, making him a notable figure in the tech industry.

10. Spax Mulenga 

Occupation: Businessman 

Net worth: $38 million 

Spax Mulenga is among the top youngest richest in Zambia. He is considered a prominent businessman, particularly in Chingola, Zambia. 

He reportedly owns a mining company called Spax Mining, which likely contributes to his wealth. Read more: 

Conclusion

The wealth of Zambia’s richest people is a testament to their business acumen and the country's economic potential. 

From mining to telecommunications, these individuals have left an indelible mark on Zambia’s economy.