Meet Strive Masiyiwa, Zimbabwean-born Businessman Who Became UK's First Black Billionaire
- The United Kingdom got its first black billionaire, and he's from the African continent
- With a £1.087 billion fortune, Strive Masiyiwa was placed on 159th position on Sunday Times' rich list
- Most of Strive Masiyiwa's businesses are based in Africa, but he has made the United Kingdom his residential home
Strive Masiyiwa, a Zimbabwean-born businessman, has become the first black billionaire in the United Kingdom after making the list of wealthiest people living in the country.
The names were compiled by Sunday Times Rich List. Masiyiwa is said to be worth £1.087 billion thanks to his various investments in telecommunications, financial technology and real estate.
Strive Masiyiwa's investment in Africa
Masiyiwa occupied the 159th position according to Sunday Times, with investment in Econet Wireless Zimbabwe, where the 60-year-old is a majority shareholder with a 50% stake.
Source: Getty Images
He also owns half of the fibre optic and satellite services firm, Liquid Telecom. In Burundi and Lesotho, Masiyiwa accounts for stakes in mobile operating networks, coupled with fintech companies and power distribution firms across Africa.
The Netflix board member also has $24.5million and £24 million investment in New York's Eldorado Towers, and mansion respectively. Despite having most of his businesses in Africa, the billionaire doesn't reside on the sub-Saharan continent.
Masiyiwa and Aliko Dangote are part of the 1% of all billionaires worldwide. Dangote remains the richest black person in the World and has been the richest man in Africa for decades.
Meanwhile, Legit.ng had reported that three Nigerian entrepreneurs and a foreigner are using the challenges in the country to raise millions of dollars from local and foreign investors.
The challenges in the business environment within Nigeria led to the rise of companies like Flutterwave, Appzone, Cars45 and Kwik Delivery, all of which were made to contribute to the country's development.
The companies have been able to secure about $700 million from investors to resolve the payment issue in the company, financial situation and delivery problems.
Source: Legit.ng
