{"id":59709,"date":"2022-05-25T18:41:27","date_gmt":"2022-05-25T16:41:27","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds"},"modified":"2022-05-25T20:49:30","modified_gmt":"2022-05-25T18:49:30","slug":"motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds","title":{"rendered":"Motsepe Now Richest Black Person In Southern Africa As Masiyiwa Loses Over Half A Billion USDs"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>South African billionaire Patrice Motsepe has surpassed Zimbabwean billionaire, Strive Masiyiwa to become the richest Black businessman in Southern Africa, with a net worth of US$3.1 billion, while Masiyiwa\u2019s net worth fell to US$2.7 billion.<\/p>\n

The development comes after Masiyiwa has lost over half a billion dollars as a result of a drop in the value of his stake in Econet Wireless Zimbabwe (Econet Zimbabwe) on the Zimbabwe Stock Exchange (ZSE) in less than a month.<\/p>\n

This is happening not long after Masiyiwa\u2019s net worth rose by US$1.7-billion above the US$4-billion mark earlier this year.<\/p>\n

Billionaires Africa reports that the market value of Masiyiwa\u2019s stake in Econet Zimbabwe dropped by $201 billion (US$624.2 million) in the past 28 days due to a sustained sell-off of shares on the Zimbabwe Stock Exchange (ZSE).<\/p>\n

Masiyiwa owns a 52.85-per cent equity position in Econet Zimbabwe, which is part of Econet Group, a 22-year-old diversified telecom company with operations and investments in Africa, Europe, South America, and East Asia.<\/p>\n

The trend:<\/p>\n

a). Econet\u2019s share price reached an all-time high of $331.72 (US$1.03) on April 27,<\/p>\n

b). the share price began to drop by more than 44 per cent to $184.88 (US$0.57415).<\/p>\n

c). The market value of Masiyiwa\u2019s shareholding fell from $454.1 billion (US$1.41 billion) on April 27 to $253.1 million (US$785.9 million). As a result, the leading billionaire has lost $201 billion (US$624.2 million) in the past 28 days.<\/p>\n

Despite the recent drop in the value of its shares, Econet Zimbabwe remains the most valuable stock on the ZSE, with a market capitalization of $479 billion (US$1.48 billion), accounting for about 16.1 per cent of the total capitalization on the bourse.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. South African billionaire Patrice Motsepe has surpassed Zimbabwean billionaire, Strive Masiyiwa to become the richest Black businessman in Southern Africa, with a net worth of US$3.1 billion, while Masiyiwa\u2019s net worth fell to US$2.7 billion. The development comes after Masiyiwa has lost over half a billion dollars as a result of a […]<\/p>\n","protected":false},"author":84,"featured_media":59708,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8,35,12,15],"tags":[1493,2189,19],"class_list":["post-59709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zimbabwe-2","tag-zimbabwe"],"yoast_head":"\nMotsepe Now Richest Black Person In Southern Africa As Masiyiwa Loses Over Half A Billion USDs - zimbabwe<\/title>\n<meta name=\"description\" content=\"South African billionaire Patrice Motsepe has surpassed Zimbabwean billionaire, Strive Masiyiwa to become the richest Bl ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Motsepe Now Richest Black Person In Southern Africa As Masiyiwa Loses Over Half A Billion USDs\" \/>\n<meta property=\"og:description\" content=\"South African billionaire Patrice Motsepe has surpassed Zimbabwean billionaire, Strive Masiyiwa to become the richest Bl ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-25T16:41:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-25T18:49:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/05\/postQueueImg_15-628e7a28b4825.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"788\" \/>\n\t<meta property=\"og:image:height\" content=\"444\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Motsepe Now Richest Black Person In Southern Africa As Masiyiwa Loses Over Half A Billion USDs\",\"datePublished\":\"2022-05-25T16:41:27+00:00\",\"dateModified\":\"2022-05-25T18:49:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/05\/postQueueImg_15-628e7a28b4825.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/motsepe-now-richest-black-person-in-southern-africa-as-masiyiwa-loses-over-half-a-billion-usds\",\"name\":\"Motsepe Now Richest Black Person In Southern Africa As Masiyiwa Loses Over Half A Billion USDs - 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