Zimbabwe’s wealthiest man Strive Masiyiwa has officially exited the Netflix shareholder table after selling off all the stock he had remaining in the US streaming giant.
According to US regulatory filings, Masiyiwa offloaded his final 290 shares of Netflix on July 1, 2025 at $1,336.54 apiece, and raked in close to Sh50 million.
The recent sale brings his total cash-out to over $1.5 million in the past year alone without purchasing a single new share.
However, he is not the only one cashing out, as Netflix co-founder Reed Hastings and CFO Spencer Neumann also sold their shares the same day joining the insider cashing out trend.
Hedge funds like Two Sigma Investments have also trimmed their share position in Netflix.
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Masiyiwa joined the Netflix board in 2020, bringing a fresh African perspective to Silicon Valley’s entertainment playground but he seems to be setting his eyes on future projects.
Masiyiwa has been quietly constructing Africa’s first AI super hub through his tech company Cassava Technologies to plant cutting-edge Artificial Intelligence infrastructure across Africa.
He is doing this in partnership with Nvidia, the global chip giant powering the AI revolution.
The initial rollout commenced in June, 2025 and South Africa has received 3,000 high-performance GPUs, which is the same tech behind ChatGPT and other generative AI tools.
According to Cassava President Hardy Pemhiwa, more 9,000 chips will land in Kenya, Nigeria, Morocco, and Egypt over the next few years to propel Africa’s AI revolution.
That essentially means that African governments, startups, and researchers could soon access the same computing power as Silicon Valley without looking outside the continent.
Cassava is also embedding Nvidia’s AI software into the project and in the process opening the door for homegrown AI solutions in education, health, infrastructure among others.
Masiyiwa’s Netflix exit is a strategic pivot to Africa’s digital future following the script of how he built Econet from scratch into a telecoms empire stretching across 20 African countries.
The billionaire still owns 38 per cent of Econet Wireless Zimbabwe, plus a third of EcoCash, the country’s leading mobile money platform.
Forbes puts his net worth at $1.2 billion but this could balloon in the next few years once the impact of his novel major investment in Africa’s AI future starts bearing juicy fruit.
While others are focusing on streaming content, Masiyiwa has trained his eyes on streaming data, power, and possibilities intelligently across an entire continent right into the future.
