What is Wicknell Chivayo net worth
Wicknell Chivayo is a Zimbabwean businessman who rose to prominence after winning large Zimbabwean government contracts.
His source of wealth is not known but he has been reported to be linked to corrupt business activities and having close ties to politicians in Zimbabwe including former President Robert Mugabe’s family.
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Background and career
Wicknell Munodaani Chivayo, also known as Sir Wicknell, was born on 22 November 1982. Chivayo lost his father, Isaac Mathias Chivayo in car accident when he was 10 years old and was raised by his mother in Chivhu’s Gandami area.
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Chivayo attended his primary school at Dudley Hall Primary School before enrolling at Churchill Boys High School for his secondary education. Chivayo was reported to have been brilliant at school but dropped out of school in 1996 while in form two for financial reasons. He is said to still live with his mother
fter quitting school, Wicknell was reported to have gotten a job at a local bus company where he worked as a wages clerk. at the age of 15. He later became an illegal money changer at Harare’s Union Avenue Flea Market (now Kwame Nkrumah Avenue). Wicknell would get involved in fraudulent activities and it was alleged that he stole US$6 million from an investor in Victoria Falls.
He served a 2-year sentence (2004-2006) at Chikurubi Maximum Security Prison for the crime. After his release Wicknell became a millionaire overnight. He stated that he made his first million rand when he was 19 and his first million dollars when he was 23.
Wicknell Chivayo Net Worth
Chivayo’s source of wealth was reported to have had linked him to participating in corrupt tenders by the government. In an April 2016 radio interview, asked by interviewer, Ruvheneko Parirenyatwa what the source of his wealth was, Chivayo was quoted as saying he gets tenders where he is paid millions of dollars:
“I’m surprised you would even ask me that. Because I’m all over the papers signing big deals. When you see me on ZBC signing a $123 million deal, I mean, that’s not a joke. What it means is that Zimbabwe Power Company is going to pay me $123 million, that’s what it means, literally.”
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News reports have indicated that Chivayo’s company, Intratek is led by a chairman, Ibrahim Yusuf, has a history of drugs trafficking in Zambia and the sale of unapproved circumcision devices in South Africa.
$600 million energy contracts from Government
An investigation by a Zimbabwean media company, The Source, revealed in May 2016 that Chivayo’s company was awarded tenders to build power stations by the country’s power company Z.E.S.A Holdings despite having no experience building power stations.
The tender deals awarded to Intratrek and its partners included; a $73 million refurbishment of the Harare power station; a $163 million project to restore Munyati power station; a new $128 million hydropower station at Gairezi; and a $202 million 100MW solar power plant in Gwanda. Multiple irregularities were reported to have taken place as part of the deals.
Chivayo questioned Nelson Chamisa’s claim at a Movement for Democratic Change – Tsvangirai rally that Zimbabwe will have bullet trains.
Grace Mugabe, Zimbabwe’s former first lady is believed to be associated with Chivayo.
Energy Sector Workers Union of Zimbabwe accused the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) of providing funds to Chivayo and Grace Mugabe.
Chivayo apologised to former higher education minister Jonathan Moyo and offered to donate education material worth $50 000 to a Tsholotsho District school of his choice, a development that was likely viewed as support to the Generation 40 (G40) faction of Zanu PF
Jes Staley Net Worth and Biography
What is Jes Staley net worth?
Jes Staley net worth: James Edward “Jes” Staley is an American banker, and the group chief executive (CEO) of Barclays. Staley has nearly four decades of experience in banking and financial services. Jes Staley net worth is estimated at $ 120 million.
Staley was born on December 27, 1956 in Boston, Massachusetts. His father, Paul R. Staley, was president and CEO of PQ Corporation, a chemicals company, who eventually settled the family outside of Philadelphia, Pennsylvania. His grandfather, Edward Staley, was the top executive of W.T. Grant at the time when the company filed for bankruptcy in 1976. His brother, Peter Staley, is an AIDS activist.
Jes Staley graduated cum laude from Bowdoin College with a degree in economics.
In 1979, after graduation, Staley joined Morgan Guaranty Trust Co. of New York. From 1980 to 1989, he worked in the bank’s Latin America division, where he served as head of corporate finance for Brazil and general manager of the company’s Brazilian brokerage firm. In the early 1990s, Staley became one of the founding members of J.P. Morgan’s equities business and ran the Equity Capital Market and Syndicate groups.
He spent 34 years at J.P. Morgan’s investment bank, ultimately becoming CEO. In 2013 he moved to BlueMountain Capital, and in December 2015, became CEO of Barclays.
Staley is a Bowdoin College trustee, serves on the boards of the Institute of International Finance, United States-China Business Council, and is a member of the advisory board of the American Museum of Natural History.
Jes Staley Net Worth
Jes Staley net worth is estimated at $ 120 million.
Staley met his wife Debora Nitzan Staley soon after starting work in South America.
The family has two daughters, and maintains residences on Park Avenue, New York City, and Southampton, New York. Staley is a Boston Red Sox fan and a devoted Democrat who holds fundraisers. In the past, he has donated money to the Democratic Senatorial Committee. Staley has also reportedly been a big advocate for diversity since discovering that his brother Peter had been diagnosed with HIV. He helped push the diversity agenda at J.P. Morgan.
Brian Moynihan Net Worth
What is Brian Moynihan net worth?
Brian Moynihan net worth: Brian Thomas Moynihan is an American businessman and the Chairman and CEO of Bank of America. He joined the Board of Directors, following his promotion to President and CEO. Brian Moynihan net worth is $112 million. Keep reading to find out more about him here.
Early life and education
Moynihan was born in Marietta, Ohio October 19, in 1959, the sixth of eight children in a Catholic family of Irish descent. Moynihan graduated from Brown University in 1981, where he majored in history, co-captained the rugby team, and met his future wife, classmate Susan E. Berry.
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He earned a Juris Doctor from the University of Notre Dame Law School, before returning to Providence, Rhode Island to join Edwards & Angell LLP, the city’s largest corporate law firm.
Moynihan held numerous banking positions before becoming President of Consumer and Small Business Banking (SBB) at Bank of America in January 2009.
He joined Fleet Boston bank in April 1993 as a deputy general couns From 1999 to April 2004, he served as Executive Vice President, managing Fleet’s brokerage and wealth management division. After Bank of America (BoA) merged with FleetBoston Financial in 2004, he joined BoA as president of global wealth and investment management.
He was named CEO of Merrill Lynch after its sale to BoA in September 2008, and became the CEO of Bank of America after Ken Lewis stepped down in 2010.
He currently lives in Wellesley, Massachusetts and frequently commutes between Boston and Bank of America’s headquarters in Charlotte, North Carolina using Bank of America’s private jets. This practice has come under scrutiny from some shareholders.
Brian Moynihan Net Worth
The estimated Net Worth of Brian T Moynihan is at least $112 Million. Mr. Moynihan owns over 17,818 units of Bank Of America stock worth over $86,079,975.
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Carlos Torres Vila Net Worth
What is Carlos Torres Vila net worth?
Carlos Torres Vila net worth: Carlos Torres Vila is a Spanish banker, who has been CEO of Banco Bilbao Vizcaya Argentaria (BBVA) since May 2015, and executive chairman. Keep reading to find Carlos Torres Vila net worth here.
Torres Vila completed his undergraduate degree in electrical engineering and business at the Massachusetts Institute of Technology and earned an MBA from the Sloan School of Management at the same university. Torres Vila also holds a law degree from the UNED.
Torres Vila began his professional career at the consulting firm McKinsey & Company, where he became a partner in 1997.
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Torres Vila was later recruited by Endesa as director of strategy and corporate development, where he was subsequently appointed a member of the steering committee and director of finance/CFO.
In September 2008, Torres Vila joined the Banco Bilbao Vizcaya Argentaria as director of corporate strategy and development and a member of its management committee.
In March 2014 Torres Vila was appointed as digital banking director, a position that he held until May 2015, when he replaced his predecessor Ángel Cano as president and COO of BBVA in order to accelerate the transformation of the bank.
Carlos Torres Vila net worth
As the Group Executive Chairman of Banco Bilbao Vizcaya Argentaria, the total compensation of Carlos Vila at Banco Bilbao Vizcaya Argentaria is $2,453,000.
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