Masiyiwa’s fortune falls to US$1,1bn

Source: Masiyiwa’s fortune falls to US$1,1bn | Newsday (Business)

BY STAFF REPORTER

Zimbabwean billionaire philanthropist Strive Masiyiwa is Africa’s 17th richest person this year, according to Forbes magazine’s latest billionaire rankings.

Masiyiwa, a self-made magnate who earned his fortune in telecommunications, has a net worth US$1,1 billion.

Due to inconsistent currency policy, Masiyiwa’s fortune fell to US$1,1 billion in 2020 from US$2,3 billion in January 2019.

There are only 18 billionaires on the continent, reports Forbes.

Nigerian cement tycoon Aliko Dangote remains Africa’s richest, at US$12,1 billion.

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