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Top 10 Richest People in Zambia in 2025

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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

Zambia election: Hakainde Hichilema is the president-elect, incumbent Edgar  Lungu defeated : Peoples Dispatch

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.

2. Mutt Lange – $225 Million

Mutt Lange Net Worth - KahawaTungu

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

Zambia National Commercial Bank (ZANACO) Investor Relations

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 misses court due to illness – Zambia: News Diggers!

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

It's shameful for govt to seek more loans – Milupi – Zambia: News Diggers!

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

Rajan Mahtani - Dr. Rajan Mahtani

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

More About Our Team | Sanlam Zambia

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

Table Talk With Mark O' Donnell

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

Charles-Lubasi

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 

Profile and Biography of Kabaso Mulenga (Spax Mulenga) - The Richest Youth  in Zambia - ZambiaProfiles

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.


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Author

I’m Clinton Wamalwa Wanjala, a financial writer and certified financial consultant passionate about empowering the youth with practical financial knowledge. As the founder of Fineducke.com, I provide accessible guidance on personal finance, entrepreneurship, and investment opportunities.