#3 Strive Masiyiwa
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
(351 VIEWS)
This post was last modified on January 9, 2022 2:22 pm
President Emmerson Mnangagwa’s spokesman George Charamba says there is nothing to celebrate about the United…
Over drinks back in 2019, two British tycoons, Algy Cluff and Michael Spencer, agreed to…
Former Citizens Coalition for Change leader Nelson Chamisa has been accused of destroying the opposition…
Zimbabwe central bank governor John Mushayavanhu says people will soon be scrambling for the country’s…
Exiled former Higher Education Minister Jonathan Moyo has raised an interesting question. Why is Canada…
The Reserve Bank of Zimbabwe has published 23 questions and answers about its newly introduced…