Strive Masiyiwa loses another USD200 million in va...

Strive Masiyiwa loses another USD200 million in value, falls out of top 2000 richest people ranks

Zimbabwe’s richest man as ranked by Forbes, Strive Masiyiwa has lost another USD 200 million since July, and he is now ranked the number 2076 on the world list, down from 1012 at the start of the year.

According to Forbes, Masiyiwa current worth is USD1,3 billion down from a high of 3 billion in the beginning of the year.

Masiyiwa’s latest fall is a result of the current Zimbabwe Stock Exchange bearish run. An upturn in markets will likely see him soar upwards to better rankings fairly quickly.

ZSE has been directly impacted by Reserve Bank of Zimbabwe’s monetary tightening policies which has shut off speculative tendencies on the stock exchange.

Masiyiwa has a 30-percent stake in publicly traded EcoCash Holdings, a diverse smart technology company that leverages digital and financial technologies to establish shared economies, encourage financial inclusion, and promote economic empowerment.

He holds a US$145-million equity stake in Liquid Intelligent Technologies through his interest in Econet Global Limited, a diversified telecom group with operations and investments in Africa, Europe, South America, and the East Asia-Pacific Rim.

His portfolio also includes Distributed Power Technologies, Africa Data Centres, Sasai Fintech, and Cassava Remit.

Masiyiwa remains the richest individual in Zimbabwe. Forbes uses publicly traded assets to calculate the worth of individuals in real time. Therefore, those with undeclared holdings or equity in unlisted entities are not rated.

Elon Musk remains the richest man in the world with Jeff Bezos is back in the second position.

Gautam Adani, the Indian billionaire who made history by being the first Indian to reach the number two position has fallen out of the top 10.