Thom Mpinganjira is officially the country’s richest man, according to Billionaires.Africa, a news outlet that focuses on African Billionaires.
The FDH Bank Founder’s wealth shot up after the bank’s shares skyrocketed by 365% this year, pushing its market value to $2 Billion. That puts him ahead of rival financier Hitesh Anadkat and firmly cements FDH Bank as one of Malawi’s most valuable companies.
So, what’s making all this possible? Record profits, a surge in customer deposits, and fat dividends for shareholders. For Mpinganjira, it’s the ultimate payoff after more than 20 years of turning FDH Bank into a financial powerhouse.
