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 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 their 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 agricultural based. The other sources of wealth include transportation, real estate, construction, telecommunications, education and evangelism.
8. Joyce Banda – $35 million
A former 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.