Strive Masiyiwa among four African billionaires who gained over US$1 billion in 2021


0

#3 Strive Masiyiwa

Net worth: US$2.6 billion

Wealth gains in 2021: US$1.4 billion

Zimbabwe’s wealthiest man Strive Masiyiwa recorded a net worth gain of US$1.4 billion in 2021 thanks to the revaluation of his stakes in Africa’s largest carrier-neutral data center provider, Africa Data Centers, and Liquid Telecom, which provides fiber optic and satellite services to telecom firms in Africa.

During the year, the London-based Zimbabwean billionaire also benefitted from a 666.8-percent bump in the share price of his publicly traded telecom company, Econet Wireless Zimbabwe.

As a result of the upward shift in the valuation of his companies, Masiyiwa recorded a staggering US$1.4 billion surge in his net worth in 2021: from US$1.2 billion at the start of the year to US$2.6 billion.

As of 22 December 2021, his 52.85-percent stake in Econet Zimbabwe was valued at $99.7 billion (US$309.5 million) thanks to a US$269-million value bump during the year.

Continued next page

(314 VIEWS)

Don't be shellfish... Please SHARETweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on LinkedIn
Linkedin
Email this to someone
email
Print this page
Print

Like it? Share with your friends!

0
Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

0 Comments

Your email address will not be published.