OFFICIAL FORBES: Top 8 Richest People In Malawi And Their Net Worth


Malawi, a landlocked country in southeastern Africa, is defined by its topography of highlands split by the Great Rift Valley and enormous Lake Malawi. The lake’s southern end falls within Lake Malawi National Park – sheltering diverse wildlife from colorful fish to baboons – and its clear waters are popular for diving and boating. Peninsular Cape Maclear is known for its beach resorts.

Mostly richest people in Malawi listed are self-made billionaires. This is to say that they share a poor family background. They were born and raised by poor family.

It should be noted that Malawi is the poorest country on earth in 2017. This should not fool you to think that Malawi is void of money magnets. But the fact still remains that being a billionaire in Malawi is not easy as it has been reported by some of the people on this list.  Much than anything else it requires a lot of hard work and determination.

The richest people in Malawi have accumulated theirs mainly from entrepreneurship and business. And the most dominant source of this wealth is farming or agricultural based. This is not surprising considering that Malawi’s economy is agriculturally based. The other sources of wealth include transportation, real estate, construction, telecommunications, education and evangelism.


10. Lazarus Chakwera

Lazarus McCarthy Chakwera is a Malawian politician who has been the President of Malawi Congress Party, the main opposition party in Malawi, since 2013. He is also the Leader of the Opposition in the National Assembly. He was President of the Malawi Assemblies of God from 1989 to 14 May 2013.

9. Saulos Chilima

Saulos Klaus Chilima is a Malawian economist and politician who has been Vice-President of Malawi since June 2014. Before joining politics, Chilima held key leadership positions in various multi-national companies including Unilever, Coca-Cola and Airtel Malawi, where he rose to become Chief Executive Officer.

8. Joyce Banda – $35 million

Joyce Hilda Banda is a Malawian politician who was the President of Malawi from 7 April 2012 to 31 May 2014. She is the founder and leader of the People’s Party, created in 2011.

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