Kudakwashwe Regimond Tagwireyi also known as Queen Bee because of his vast economic influence, is undoubtedly one of the richest men in Zimbabwe who has made his billions from making sound business investments and strategic connections.
Here is a look at Kuda Tagwirei’s net worth, business empire, and his role as one of President Mnangagwa’s point men.
What is Kudakwashwe Tagwirei’s net worth?
According to several online sources, Kuda Tagwirei’s net worth is estimated to be between $1.5 and $1.8 billion.
He has accumulated this incredible wealth from his businesses, as well as his association with top leadership in the country.
Kudakwashwe Tagwirei’s businesses
Kuda Tagwirei’s net worth has been built up over time through his business ventures. The billionaire has a keen interest in the energy, logistics and trading businesses and he is the founder of several companies in the named industries including Sakunda Holdings.
Founded in 2005, Sakunda Holdings is a diversified company with investments in the energy, agriculture, infrastructure development, and mining sector.
Under Sakunda Holdings, Kuda Tagwirei is a major shareholder of the subsidiary companies under Sakunda Holdings.
He holds 51% of Sakunda Supplies which deals in the importation and distribution of petroleum products and another 51% of Sakunda Petroleum which distributes fuel to regular and commercial customers via PUMA branded service stations around Zimbabwe.
He also has 100% ownership of Sakunda Logistics which deals in transportation of fuel and dry goods locally and regionally via road and rail as well as Sakunda Projects which has invested 200 Megawatt Dema diesel power plant and has also supplied inputs for 200 000 hectares of maize, wheat, and soya beans production through command agriculture.
Kuda Tagwirei also owns a mining company that deals in the mining of African chrome and platinum mining called Landela Mining Venture which bought several government-owned idle gold mines in 2020 in a bid to revive their operations.
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Kudakwashwe Twagirei’s political career
In addition to his multi-billion empire, Kuda Twagirei’s net worth has also benefited from his connections with the whos and whos in the country.
Twagirei is in the innermost circle of President Emmerson Mnangwagwa and has been serving as the president’s special advisor and he has been rewarded handsomely for this association.
His links with the country’s head of state has not only helped him and his companies land on opaquely awarded state contracts worth billions of dollars and preferential access to minerals and scarce foreign currency, but a parliamentary report also revealed that Twagirei’s companies were recipient of at least $3 billion in treasury bills issued by the country’s Reserve Bank.
Although being in government has been very instrumental in Kudakwashe Twagirei’s quest of accumulation of wealth, this association has been perceived as a gateway for corrupt undertakings and as a result he and his Sakunda Holdings have received sanctions from the United States of America and the United Kingdom for “materially assisting senior Zimbabwean government officials involved in public corruption.”
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