Categories: Top story of the day

Strive Masiyiwa renting a US$40 000 a month apartment in New York

Zimbabwe’s richest man, Strive Masiyiwa is renting a US$40 000 five-bedroomed apartment in New York according to the New York Post. The apartment which has 7½ bathrooms is on the 12th floor of Harry Macklowe’s at 737 Park Ave. The Post says the apartment was originally going for US$49 500 a month and features a windowed chef’s kitchen, a master suite with a windowed dressing area and two spa bathrooms. Masiyiwa owns Econet, Zimbabwe’s biggest mobile phone operate. Econet Wireless operates in 17 countries, has 6 000 employees and generates US$3 billion a year. Masiyiwa’s fortune is estimated at US$600 million. According to the World Bank, Zimbabwe’s gross national income per capita is $820. The average government workers earns about $375 a month. Zimbabwe uses the United States dollar as its main currency.
*See also: My brief encounter with Zimbabwe’s richest man. Zimbabweans can now buy books from Amazon using their mastercards.

(336 VIEWS)

This post was last modified on September 25, 2014 10:43 am

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.

Share
Published by
Charles Rukuni

Recent Posts

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024

Zimbabwe government biggest loser when there is a discrepancy in the exchange rate

The government is the biggest loser when there is a discrepancy between the official exchange…

October 10, 2024

What is wrong with Zimbabwe? It’s not the economy but the government and its leadership

Zimbabwe is currently in turmoil after it devalued its five-month old currency, the Zimbabwe Gold…

October 1, 2024

Zimbabwe devalues ZiG by 44%, reduces amount people can take out from $10 000 to $2 000

Zimbabwe today devalued its local currency, the Zimbabwe Gold (ZiG), by 44% to trade at…

September 27, 2024