Zimbabwean billionaire Strive Masiyiwa loses over $620 million as Econet shares slump
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
Motsepe’s net worth has risen to $3.1 billion so far this year.
The billionaire has surpassed South African mining tycoon Patrice Motsepe as the richest Black man in Southern Africa.
The billionaire owns a majority 52.85-percent stake in Econet, Zimbabwe’s largest telecom services provider.
Elizabeth Tanya Masiyiwa, an entrepreneur and philanthropist, is one of Zimbabwean billionaire Strive Masiyiwa’s six children.
Liquid Intelligent Technologies is a pan-African technology group.
The funds will go to Butterfly Network, a digital health startup that aims to democratize medical imaging.
Masiyiwa, who founded the leading telecom services provider in 1998, has exited his position on the board.
Masiyiwa is a London-based Zimbabwean billionaire businessman and philanthropist.
Dangote, the continent’s wealthiest man, has seen his net worth dip below $20 billion in recent times.
A $10,000 investment in EcoCash seven weeks ago is now worth $20,130.
Durvasula will take on the leadership role to drive growth, innovation and strategy for Africa Data Centers.
Masiyiwa owns 30.26 percent of EcoCash Holdings, or 783,882,701 ordinary shares, through Econet Global Limited.
The Gates Foundation has given out more than $60 billion in grants since its inception 21 years ago.
The gains come off of a surge in the market value of his stake in Cassava Smartech.
Masiyiwa, who founded Econet Group in 1998, holds a 52.85-percent stake in Econet Zimbabwe, the country’s largest telecom service provider.