Absolute legend quietly funnels millions to charity from his company's single day's revenue. Strive Masiyiwa, the billionaire founder of Econet, has a long-running tradition where all earnings from one specific day are donated to support orphaned children across Zimbabwe. He calls the initiative a corporate Thanksgiving, marking a major legal victory for his mobile network that allowed it to operate.
The funds are handled by the Higherlife Foundation, which he runs with his wife, Tsitsi. Each year, the CEO of Econet Zimbabwe, Douglas Mboweni, reports the total amount collected directly to Masiyiwa before distribution. The billionaire emphasized that this has been a private practice without press statements, simply directing his management team to execute the annual donation. He described the process as thanking a higher power for using them as vessels to aid those in need.
The funds are handled by the Higherlife Foundation, which he runs with his wife, Tsitsi. Each year, the CEO of Econet Zimbabwe, Douglas Mboweni, reports the total amount collected directly to Masiyiwa before distribution. The billionaire emphasized that this has been a private practice without press statements, simply directing his management team to execute the annual donation. He described the process as thanking a higher power for using them as vessels to aid those in need.
