Browsing: africa billionaires

• The capitalist class consists of less than 1% of the richest individuals in the world.
• These members of the capitalist class are worth a collective US$ 12 trillion. This is according to Forbes magazine which profiles the members of this exclusive club.

Less than 1% of the global population consists of the world’s wealthiest individuals. In 2022, there were fewer billionaires than in the previous year. When compared to the rest of the globe, Africa’s list of billionaires is relatively static. It is economically advantageous to have more billionaires than none. An economy is seen to be progressing if there are more billionaires than before.

• It is desirable for a country to have a growing number of members of the capitalist class among its population.
• It is a positive sign of economic growth when the number of billionaires are increasing in a country.
• To be a member of the capitalist

Who is Strive Masiyiwa

Mr Strive Masiyiwa was born in 1961 he is the best renown as the founder and director of the broadcast communications Econet Wireless and is one of Africa’s richest men.

He founded Econet in 1993 but not without sweat and blood, the Zimbabwean government was not having it. The government went against Mr Masiyiwa in a landmark legal battle for almost five years.

While today Econet is the largest telecommunications company in Zimbabwe with operations in Kenya and Burundi too, the company did not go to market until 1998.

That was not the only war Mr Masiyiwa, who is one of the wealthiest Africans,

had to fight with the government, as the publisher of Zimbabwe’s only independent newspaper, the Daily News, he was confronted with the government and well, you win some you lose some and in 2003, Daily News was shut down by the government.…