Strive Masiyiwa, founder and chairman of Econet Wireless Global Ltd., attends a panel discussion at the Bloomberg New Economy Forum in Singapore, on Tuesday, Nov. 6, 2018. The New Economy Forum, organized by Bloomberg Media Group, a division of Bloomberg LP, aims to bring together leaders from public and private sectors to find solutions to the world’s greatest challenges. Photographer: Justin Chin/Bloomberg via Getty Images

Masiyiwa shoots to 89th on the UK rich list from number 159; wealth up by £913m



ZIMBABWE born telecoms entrepreneur Strive Masiyiwa has moved to number 89 on the UK’s rich list, up from 159 last year.

According to the Sunday Times Rich List for 2022, Masiyiwa’s fortune has grown to £2bn (US$2.5bn), growing by £913m (US$1.14bn) over the past 12 months.

The Econet group founder who grew up without a phone in his family home remains Britain’s only black billionaire.

Born in 1968 in the townships near what was then known as Salisbury, in Rhodesia, Masiyiwa lived there with his grandmother until he was seven years old, when he joined his parents in Zambia.

It was when he was 12 that he first came to the UK, after his parents managed to get the cash together to send him to Holt School, a boys’ boarding school in Edinburgh.


“I was crying. It was bitterly cold,”

Masiyiwa recalled in an interview with the Sunday Times.


“They said, ‘You have to wear your kilt on Sunday.’ I looked at them and their bare legs, and thought, ‘This is it. I’m dead.’”


Masiyiwa went on to live in Birkenhead in Wirral, Merseyside, where he sat his A-levels, and later he attended Cardiff University, where he studied engineering.

The entrepreneur launched mobile phone network, Econet Wireless Zimbabwe, in 1998 after protracted government opposition and today lives with wife Tsitsi in a Surrey mansion.


He appeared to attribute his success partially to his mother Edith, of whom he said:

“She wanted me to try hard at everything that I do.”

Source: New Zimbabwe