
Malawi’s richest man loses $183 million from FMB Capital stake
A recent dip in FMB Capital’s share price on the Malawi Stock Exchange has shaved $183 million off Hitesh Anadkat’s investment.
A recent dip in FMB Capital’s share price on the Malawi Stock Exchange has shaved $183 million off Hitesh Anadkat’s investment.
Anadkat and Mpinganjira account for $1.66 billion of the total combined wealth of Malawi’s 15 richest individuals.
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Since the start of 2025, Anadkat’s 45.32 percent stake, which consists of 1,114,195,155 shares, has grown by $54.26 million.
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