After experiencing a $600 million decline earlier this year, reducing his net worth from $1.8 billion to $1.2 billion, Zimbabwe’s top billionaire, Strive Masiyiwa, has regained $100 million in August.
This boost reflects his continued strategic expansion, including the deployment of cutting-edge GPUs from his AI manufacturing initiative.
Founded in 1998, Econet has grown into Africa’s leading telecom powerhouse operating across more than 20 countries. His current net worth, estimated at $1.3 billion by Forbes, signals renewed investor optimism and the resilience of his diversified portfolio.
Following the earlier downturn caused by Zimbabwe’s currency reforms, Masiyiwa’s major investments including his 38% stake in Econet Zimbabwe and 33% in TN CyberTech are now recovering as investor sentiment stabilizes. His influence extends across Africa through Liquid Intelligent Technologies, bolstering his pan-African footprint.
Beyond telecoms, Masiyiwa is pioneering Africa’s technological frontier. His firm, Cassava Technologies, is leading the continent’s first AI manufacturing plant in partnership with NVIDIA.
The initiative supplies high-performance GPUs initially 3,000 units to South Africa with plans to distribute an additional 9,000 across Kenya, Nigeria, Morocco, and Egypt. The project integrates NVIDIA’s AI software, aiming to empower local innovations in health, education, and infrastructure.
Key Highlights:Â
Strive Masiyiwa’s net worth rises to $1.3 billion after a $600 million dip earlier this year.
His stakes in Econet Wireless Zimbabwe and TN CyberTech rebound as investor confidence restores following Zimbabwe’s currency shift to the gold-backed ZiG.
In partnership with NVIDIA, Masiyiwa’s AI factory delivers 3,000 GPUs to South Africa, fueling Africa’s computing power expansion.
