Strive Masiyiwa is now the richest black man in Southern Africa, with a net worth surpassing $4.4 billion – dethroning Patrice Motsepe from the position, according to one count.
Masiyiwa’s new title is thanks to the year-to-date price increase in the shares of his telecom company, Econet Wireless Zimbabwe, and his smart-tech company, Cassava Smartech.
As of Wednesday, Masyiwa’s net worth had increased from $2.7 billion to $4.4 billion, Billionaires.africa reported.
Forbes authoritative rich list still has Masiyiwa behind Motsepe.
Both men have seen their wealth rocket since the start of the year.
Masiyiwa, 61, recently announced his retirement as chairman and director of Econet Wireless Zimbabwe Limited and still retains his more than 50% stake in the company he listed on the Zimbabwe Stock Exchange in 1998.
In response to his announcement, Econet Wireless’ board of directors announced the appointment of Elizabeth Tanya Masiyiwa, one of Masiyiwa’s six children, to the board of the telecom company to propel the firm’s growth.
According to the board of directors, Elizabeth’s appointment will bring a wealth of experience, as she has worked in various organisations, spearheading investment and funding programs and human capital development.
Motsepe credits his early business education with exposure to his father’s small spaza shop, and was a lawyer before moving into mining.
Masiyiwa’s entrepreneur mother left Zimbabwe after it declared independence, and he trained as an electrical engineer.
Manufacturing magnate Aliko Dangote, from Nigeria, is the richest person on the African continent by a considerable margin, with a net worth calculated at close to $14 billion at the end of last year. His family features figures such as his great-grandfather Alhassan Dantata, once ranked the richest person in West Africa.
The richest people in Southern Africa are the dynastic families of Johann Rupert and Nicky Oppenheimer, who remain considerably wealthier than Motsepe and Masiyiwa.
Rupert and Oppenheimer are also typically the second and third richest people in Africa-wide lists, albeit well behind Dangote, with occasional competition (depending on rule share prices and exchange rates) from Egypts Nassef Sawiris, who is also a scion of a super-rich family. – Business Insider
That’s great Mr Masiiwa munotipinzawo mubusiness tiitewo mari
Chii chaakazoita munyika kkk mutsepe chibaba mujoza yese vanochiziva
Jimson Shumba thats inheritence for his family. Itirwa nababa vako dont cry for donations
Arikupinza vana zvikoro through Hope foundation
Will MN Haa saka bhoe nehupfumi hwacho ngahurege kuudza isu coz hahunei nesu
Its so sad how we have become become a bitter nation
Mbinga dzemuzvokwadi🔥
Uyu wekutengesa line neprice yemombe ndoumwe akauraya zim.munhu wepi anoita umbavha hwakadaro .
I’ll never forget that I bought a sim card for US300 kkkk 😆 unotadza nei kuita billionaire?? apa SA raingoita 1rand 🤭🤭🤭 batai mbavha!!!
We dont care
Kamba zvayo iri kuti we don’t care. You bring zero employment and zero tax to the Zim economy and you have the nerve to say I don’t care lol. Useless eaters munonetsa
How does that benefit us …. to hell with that we don’t care ..
Buddie ichidhura airtime
Go subscribe Telecel or Netone, Noone is forcing you to be with Econet iwe imbwa iwe
Tapiwa MagasaTapiwa MagasaTapiwa Magasa utori nestress vo iwe
Tapiwa Magasa Asi unoshanda ku econet hauna nyaya iwe zero ndimi moita nyika isanake imi
I hope it’s not according to Zimbabwean standards
Haana tsitsi nevarombo uyu.blood sucker.R50 econet airtime akakwidza neR7 kushoprirte.chingamutadzisa kuwedzera kufuma chii.kufara varombo vachichema.zimuroyi.
That one n mnangagwa,same same very devilish
Same same na Emmerson
Zivanai Takura Mutami Masiyiwa ndewe Econet
Sebastian ChaukeSebastian Chauke asi anongotitambudza sa mnangagwa. Mbavha of the same caliber
Zivanai Takura Mutami Akabatsira nokuunza Ntwrk kuvanhu especially kumaruwa
Sebastian Chauke asi ichidhura ka. His prices are ridiculous compared to the rest of africa
Zivanai Takura Mutami The same goes to Vodacom SA ,so ma ntwrk ane musiyano.
Sebastian Chauke but telkom ne cell c bho. Ndotenga 3gig ne 20 rand on telkom. That’s reasonable
Zivanai Takura Mutami reasonable but network yacho yakadhakwa ukatarisa Mtn ne Econet ku zim ndo ma netwrk anoshandiswa nema business man & women nekuti hairase network zvekudaro
Sebastian Chauke musareverere mbavha pliz
Prynage Obi most business use telkom landlines
Anotadza nei kuita mari, vachingotorera varombo vacho mari pachena
I view Motsepe as the richest any example of donation yakaitwa na Masiwa in Zim
Satisfaction is measured by your heart, zvebillion or trillion dollars hazvinei nesu izvo.
Saka Dai akeetenga zvake Chelsea kkkkkk 🤣
Doughlas Mothasa ichokwadi ere ichi kut apfuura mutsipe
Mwaps Di yeah I chokwadi
I respect Motsepe that’s all.
Ian Baoba motsepe sold his skin
Mabundles adhura Mr strive
Portia Matanga munoda aitewosei economy yakatsveyama kudai
Imbavha iyo
Anoita nezvei
For the moment the money is his. Negative comments won’t shift a cent from his pocket.
Ko munenge matumwa here kutenga ma line ake regai zvee tione kuti ano broker here vana ve Zimbabwe godo
Ko java na dj towers
Ndakafara pakaunzwa bundle re $ usa riye wanike eeeh zvaritori serious nxaaa mbavha
Just work and make yours do u think kutaurisa kunobvisa even a single cent from his billions funny indeed watomupa mari ye data kut uende pa Facebook pacho
Wayne Nyasha kkkkkkkk chokwadi ichi Chakanyanya brodaa 😂
network is poor in zim let him increase transpoders,sms taking days, cellphone communication just like post office seevices,call drops n jittering,
Congratulations sir
Blood sucker in a country where 80%are unemployed and poverty is the order of the day nothing to celebrate actually he must be sanctioned for perpetuating poverty
UnEmploment rate is high in Zimbabwe and jobless people Masiyiwa is with money in his pocket rubbish story no commenting
Gadzirisa network yako
Ane mari yake munhu uyu musarwadziwe
Motsepe is helping a lot of people in his country and another countries ,but this mafia is very selfish like ED
Mari yake inokwana kutenga Chelsea football club.
His econet company is robing the poor no network very expressive airtime unaccessible to Internet etc.Masiwa blood sucker
How much is he donating or giving to the poor like motsepe
Now you know where the money is
The Ruperts and Operhamer are at the top
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