Hakainde Hichilema Net Worth 2022: Early Life, Education, Career & More

Filed in Article by on April 20, 2022 0 Comments

Hakainde Hichilema Net Worth 2022… Are you been hearing about Hakainde Hichilema and you don’t really know much about him? If yes, then this informative article is for you. You will be given detailed information about Hakainde Hichilema Net Worth, Early Life, Education, Career, And More.

Hakainde Hichilema is a Zambian businessman and politician who is the president-elect of Zambia. After having contested five previous elections in 2006, 2008, 2011, 2015, and 2016, he won the 2021 presidential election with over 59% of the vote. He has led the United Party for National Development since 2006.

Zambia’s president-elect, Hakainde Hichilema

Hakainde Hichilema’s Profile Summary

  • Full Name: Hakainde Hichilema
  • Nickname: HH
  • Date Of Birth: 4th June 1962
  • Age: 59 Years (As of 2021)
  • Place Of Birth: Monze district
  • Nationality: Zambian
  • Profession: Politician, Businessman
  • Current Residence: Lusaka, Zambia
  • Ethnicity: African
  • Marital Status: Married
  • Spouse: Mutinta Hichilema
  • Children: Miyanda, Chikonka, Habwela Hichilema
  • Alma Mater: University of Zambia, University of Birmingham.

Hakainde Hichilema’s Early Life And Education

Hichilema was born on 4 June 1962 in Monze District in present-day Zambia. He received a scholarship to study at the University of Zambia and graduated in 1986 with a bachelor’s degree in Economics and Business Administration. Hichilema thereafter pursued an MBA in Finance and Business Strategy at the University of Birmingham in the United Kingdom.

After getting his accreditations, He served as the chief executive officer of both Coopers and Lybrand Zambia (1994–1998) and Grant Thornton Zambia (1998–2006).

Hakainde Hichilema’s Political Career

Hichilema is a member of the opposition United Party for National Development, a liberal political party. Following the death of Anderson Mazoka in 2006, he was elected as the party’s new President. He also served as the leader of the United Democratic Alliance (UDA), an alliance of three opposition political parties.

In the 2006 election, Hichilema was the candidate of the UDA and ran against incumbent president Levy Mwanawasa of the Movement for Multiparty Democracy and Patriotic Front candidate Michael Sata. He received the endorsement of former President Kenneth Kaunda. The election was held on 28 September 2006 and Hichilema took third place with about 25% of the vote.

Hichilema ran as the UPND candidate in the 2008 election, which was called following the death of President Levy Mwanawasa. He came 3rd with 19.7% of the vote. In June 2009, Hichilema’s party, the UPND, formed a pact with Michael Sata’s Patriotic Front (PF) to contest the 2011 election together. However, indecision on the pact candidate, deep mistrust, and accusations of tribalism from both sides resulted in the collapse of the pact in March 2011.

He was one of the two main candidates in the January 2015 presidential election, which he lost by a narrow margin of 27,757 votes (1.66%) against the ruling party’s candidate, Edgar Lungu. Hichilema denounced the election as a sham and urged his supporters to remain calm. He again faced Lungu as the main opposition candidate in the August 2016 presidential election and was again narrowly defeated.

On 11 April 2017, Hichilema was arrested and charged with treason, a move that was seen as an illegitimate act by Lungu to silence a political rival. The arrest and charge were widely condemned, with protests held in Zambia and abroad, demanding Hichilema’s release and condemning the increasing authoritarianism of Lungu’s regime. Hichilema was released from prison on 16 August 2017, and the charge of treason was dropped.

Hakainde Hichilema’s Net Worth

Hakainde Hichilema has an estimated net worth of $389 million. Hichilema has amassed this wealth due to his various endeavours and has even been named the richest politician in Zambia. Apart from his multiple business endeavours and political ambitions, he also owns one of the biggest cattle ranches in the country.

In his endeavours as a businessman, Hakainde has acquired shares in several private companies. One of them is Zambeef Limited. The others include Zambezi Sun, Pick N Pay, Game Stores, Mukuba mall, Manda Hill Centre, and several others.

Hakainde Hichilema’s Personal Life

Hichilema is married to Mutinta and has three children. He is a baptized member of the Seventh-day Adventist Church and on 12 December 2020, he and his wife got invested as Master Guides in Lusaka. Hichilema is a millionaire and the second-largest cattle rancher in Zambia.

In December 2014, he denied being a Freemason and labelled people accusing him as malicious. He also sued Bishop Edward Chomba of the Orthodox Church for defamation after the former called him a Satanist and a Freemason.

Hichilema was named in the Panama Papers, with the leak stating that he was the director of Bermuda-based Company AfNat Resources Ltd from March to August 2006. The company engaged in nickel exploration in Zambia and other African countries.

According to the International Consortium of Investigative Journalists, “the company was listed on London’s alternative investment market until 2010 when it was purchased by Canadian mining company Axmin for about $14 million.”

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