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

#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

(352 VIEWS)