Namibia's Tycoons Who Are Minting Millions

They can afford what many dream of...

By  | Sep 23, 2021, 10:36 AM  | Adora Kisting  | Top of The

Monica Gingos, Namibian First Lady
To have a lot of money is, in most cases, the goal for most people, however, It takes hard work, determination and perseverance to gain ground within the financial sector.

While millions of people around the world work full time to earn enough just to survive, the reality is that some people make enough money as individuals to feed the entire country. 

Let's look at some of them who are found right here in Namibia. 

But, before we get to the names, did you know that Namibians are reportedly the third wealthiest people in Africa? This is according to a 2017 report by Mauritius' AfrAsia Bank and New World Wealth.

Frans Indongo

Frans Indongo is a famous businessman in Namibia. He started working in the 1950s as a brick maker. 

After making enough money from his job, he started his own business in 1964. A mud bricks shop in Okatana.

Fast forward to today, Frans has a multi-million and billion-dollar empire. He has several businesses under his umbrella. Several businesses operate under his Company 'Indongo group'.

It has ventured into property and Investment, automotive, manufacturing and distribution, retail, hospitality and leisure.

According to the Villager, The Indongo Group has accrued a wealth of over N$ 100million.

Meryl Barry

Meryl Barry was born into a rich family, and she has managed to continue her family legacy. 

She is the daughter of Namibian tycoon Harold Pupkewitz. 

Meryl is the CEO of the Pupkewitz Foundation - an organisation that thrives in feeding the less fortunate. 

The company is proud to be a sponsor of the Edulution program in Namibia. It also donates groceries to the poor in the community.

In 2018, the foundation used over 1.7 Million Dollars to build four classrooms, a multi-purpose room and a new sewage system. It also repainted some schools in Namibia and repaired 14 school toilets that were non-functional since 2011.

Monica Geingos

Namibian entrepreneur, lawyer and First Lady, Monica Geingos was voted one of the 12 most influential people of Namibia. 

After completing her studies at the University of Namibia she worked at Namibia Stock Exchange (NSX) in Windhoek. 

After that, she became the Managing Director Stimulus Investments Limited and a member of the President’s Economic Advisory Council. She was also the first woman chairperson of EBank Namibia.

She has an estimated net worth 50 million Namibian dollars. 

One of the things that make her incredible is that as much as she has achieved greatness, she believes in remaining humble. 

“The most challenging part of success is managing it and the biggest thing that you need to manage is your ego because you will believe it when everybody starts telling you that you are great,” she said in an interview at the  Mentorship in Business Forum in 2018. 

All of these wealthy individuals have one thing in common: dedication, passion, and philanthropy.


Business tycoon Quinton-van-Rooyen (52) is a firm believer in the phrase 'make your own success'. According to Market Screener, Quinton’s public assets are 305,094,043 USD. 

But years ago, before he could make millions of Dollars, Quinton used to work as a security guard. 

The billionaire is the CEO, Group Managing Director, Executive Director and majority shareholder of Trustco Group Holdings.

Trustco is a successful investments, resources, banking and finance business operating in Gauteng and Cape Town, as well as in Mauritius. The company also has real estate, education, media, mining, insurance, legal services and air services, according to African Independent publication.

Trustco is a triple listed financial services group. The company was started in 1992.

He is 52 years of age and is a Law graduate. 

Sven Thieme

Sven Thieme was born 8 February 1968. After finishing school, he went on to study and graduated as an auditor in 1991 at the University of Cape Town in South Africa.

After obtaining his degree, he did his articles at Deloitte & Touche in  Cape Town. A couple of years later, he joined his family's business and became the chairman of Ohlthaver & List, the largest private company in Namibia.

The company employs 6,200 people in various business sectors. According to the company's website, its revenues contributing roughly 4% to GDP.

Thieme took over the company from his grandfather in 2002 and to date, it is one of the most successful companies in Namibia.

He received a trophy at the Namibia International Investment Forum's Namibian Business Awards for the work that he did to the local business environment.

The Ohlthaver & List company makes an annual revenue of over N$5 billion. 

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