Zimbabwe’s richest man Strive Masiyiwa gains $700 million in 27 days
Masiyiwa owns 52.85 percent of Econet Zimbabwe.
Masiyiwa owns 52.85 percent of Econet Zimbabwe.
According to the group, there were 2,668 dollar billionaires in 2022, 87 fewer than a year earlier.
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.
ADC is an affiliate of Cassava Technologies.
Liquid C2 is a subsidiary of Liquid Intelligent Technologies.
Liquid Intelligent Technologies is a subsidiary of Cassava Technologies, a pan-African technology firm founded by Strive Masiyiwa.
Masiyiwa is Zimbabwe’s wealthiest man.
Masiyiwa’s fortune is made up of his 52.85-percent stake in Econet Zimbabwe and 30-percent stake in EcoCash Holding.
Liquid’s cloud solutions have expanded rapidly under Masiyiwa’s leadership.
C5 Capital, a specialist venture capital firm, will provide the financing.
Zimbabwe’s richest man and one of Africa’s wealthiest men, Masiyiwa has seen his net worth fall to $1.5 billion.
He stated in a Facebook post that the reports are a fabrication.
The slump in his net worth can be attributed to a plunge in the shares of his publicly traded companies.
The news comes a week after ADC announced the construction of a 30-megawatt data center facility in Accra, Ghana.
ADC is an affiliate of Cassava Technologies.
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.