{"id":58284,"date":"2022-04-29T14:56:06","date_gmt":"2022-04-29T12:56:06","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/econet-founder-masiyiwa-overtakes-patrice-motsepe-becomes-richest-black-man-in-southern-africa"},"modified":"2022-04-29T17:01:51","modified_gmt":"2022-04-29T15:01:51","slug":"econet-founder-masiyiwa-overtakes-patrice-motsepe-becomes-richest-black-man-in-southern-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/econet-founder-masiyiwa-overtakes-patrice-motsepe-becomes-richest-black-man-in-southern-africa","title":{"rendered":"Econet Founder Masiyiwa Overtakes Patrice Motsepe Becomes Richest Black Man In Southern Africa"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>Econet founder, Strive Masiyiwa has overtaken Patrice Motsepe to become the richest black man in Southern Africa.<\/p>\n<p>According to one count, Masiyiwa\u2019s net worth has surpassed $4.4 billion following the year-to-date price increase in the shares of his telecom company, Econet Wireless Zimbabwe, and his smart-tech company, Cassava Smartech.<\/p>\n<p>As of Wednesday, Masyiwa\u2019s net worth had increased from $2.7 billion to $4.4 billion, Billionaires.africa reported.<\/p>\n<p>Forbes\u2019 authoritative rich list still has Masiyiwa behind Motsepe.<\/p>\n<p>Both men have seen their wealth rocket since the start of the year.<\/p>\n<p>Masiyiwa, 61, recently announced his retirement as chairman and director of Econet Wireless Zimbabwe Limited and still retains his more than 50% stake in the company he listed on the Zimbabwe Stock Exchange in 1998.<\/p>\n<p>Motsepe credits his early business education with exposure to his father\u2019s small spaza shop, and was a lawyer before moving into mining.<\/p>\n<p>Masiyiwa trained as an electrical engineer.<\/p>\n<p>Manufacturing magnate Aliko Dangote, from Nigeria, is the richest person on the African continent by a considerable margin, with a net worth calculated at close to $14 billion at the end of last year. His family features figures such as his great-grandfather Alhassan Dantata, once ranked the richest person in West Africa.<\/p>\n<p>The richest people in Southern Africa are the dynastic families of Johann Rupert and Nicky Oppenheimer, who remain considerably wealthier than Motsepe and Masiyiwa.<\/p>\n<p>Rupert and Oppenheimer are also typically the second and third richest people in Africa-wide lists, albeit well behind Dangote, with occasional competition from Egypt\u2019s Nassef Sawiris, who is also a scion of a super-rich family.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. Econet founder, Strive Masiyiwa has overtaken Patrice Motsepe to become the richest black man in Southern Africa. According to one count, Masiyiwa\u2019s net worth has surpassed $4.4 billion following the year-to-date price increase in the shares of his telecom company, Econet Wireless Zimbabwe, and his smart-tech company, Cassava Smartech. As of Wednesday, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":58283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,9,15],"tags":[1493,2189,9671,3354,3318,19],"class_list":{"0":"post-58284","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-miscellaneous","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-aliko-dangote","14":"tag-patrice-motsepe","15":"tag-strive-masiyiwa","16":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Econet Founder Masiyiwa Overtakes Patrice Motsepe Becomes Richest Black Man In Southern Africa - zimbabwe<\/title>\n<meta name=\"description\" content=\"Econet founder, Strive Masiyiwa has overtaken Patrice Motsepe to become the richest black man in Southern Africa. 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