#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.
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This post was last modified on January 9, 2022 2:22 pm
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