Strive Masiyiwa’s net worth bounces back to $1.3 billion

Zimbabwean billionaire Strive Masiyiwa has regained $100 million in less than two weeks, pushing his net worth back to $1.3 billion and reaffirming his status as the richest man in Zimbabwe and the second-richest Black person in Southern Africa.

Masiyiwa’s $1.3 billion comeback driven by stocks

Earlier this month, on October 19, Billionaires.Africa reported that Masiyiwa’s fortune had slipped to $1.2 billion following a market decline that trimmed the value of his publicly traded shares. Since then, the rebound in Zimbabwe’s equity market has restored much of the lost value, lifting his wealth once again to $1.3 billion, according to estimates by Forbes.

The recovery stems largely from a rebound in the share prices of his key holdings. Masiyiwa owns about 38 percent of Econet Wireless Zimbabwe and 33 percent of TN CyberTech Investments Holdings Limited, previously known as EcoCash Holdings. Both companies have seen renewed investor interest and a modest uptick in their stock prices.

Masiyiwa expands Cassava’s AI, data reach

Beyond his Zimbabwean assets, Masiyiwa’s broader business empire remains deeply tied to Africa’s digital future. His technology firm, Liquid Intelligent Technologies, continues to grow its presence across the continent, delivering fiber and cloud services to businesses and governments. Meanwhile, his parent company, Cassava Technologies, is attracting global attention as it moves deeper into artificial intelligence, data services and digital infrastructure.

In a major move this month, Cassava secured a strategic investment from NVIDIA, a partnership that signals growing international confidence in Africa’s technology potential. The deal strengthens Cassava’s plan to establish one of the continent’s first AI-focused innovation hubs and expand its reach in markets where digital access remains limited.

Investors back Masiyiwa’s digital Africa vision

Cassava’s diverse portfolio includes Liquid Intelligent Technologies, Africa Data Centers, Liquid C2, Cassava.ai, and Sasai Fintech—businesses that operate across Africa, the Middle East, and Latin America. Together, they anchor Masiyiwa’s long-term vision to build a connected, data-driven Africa capable of competing globally.

The company’s investors now include some of the world’s most prominent institutions: Econet Group, British International Investment, Finnfund, the Fund for Export Development in Africa, Gateway Capital, Google, the International Finance Corporation, South Africa’s Public Investment Corporation, Royal Bafokeng Holdings, and NVIDIA.