Tanzania is a country that can boast of having tons of resources as well as folks who are able to utilize them properly into creating wealth. With a growing population, Tanzania is the second-largest country in the Eastern part of the African continent. Hence, there are tons of millionaires in the country, and the list is still growing.
In this article, we will be discussing the top ten richest people in the country. They are the big players, billionaires, doing different stuff in different sectors in Tanzania – talk about agriculture, telecommunication, energy, and so on. They were able to take advantage of opportunities that comes their way, and they became game-changers that have helped shaped the Tanzanian economy (and by extension, their country), and have made a name for themselves.
Let’s get started:
Top 10 Richest People In Tanzania 2021
The richest man in Tanzania as things stand now is Mohammed Dewji. He is an expert in what he does and was able to transform his family’s wholesale and retail business into a global conglomerate.
He is currently the boss at Mohammed Enterprises Tanzania Limited (MeTL) and has employed tons of Tanzanians. He has also served his country as a Member of Parliament for Tanzania’s ruling party until 2015.
His company is currently the largest homegrown firm in Tanzania, and he is said to be worth around TSH. 3.4 trillion.
The second richest person in Tanzania is Rotzam Azizi born in 1960. He has been a regular figure on the list of the richest people in the country.
His investments are spread across different sectors, including telecommunications, real estate, mining, etc. Some years back, he sold his 17.25% holding in Vodacom Tanzania (which is the biggest mobile operator in Tanzania). He remains the owner of one of the largest mining companies in the country – Caspian Mining, and he is said to be worth around TSH. 2.3 trillion.
Next is Said Salim, who occupies the third spot on the list of the top ten richest people in Tanzania. Born in 1949, here is another businessman who took advantage of several things to get to the top of his game.
He is the founder of Bakhresa Group, and his story is quite inspiring – since he is a school dropout who still struggled to get to the top. His company has investments in petroleum, food processing, as well as sea freight business. Impressively, his business is now playing at shores beyond Tanzania, as his Group now has a presence in other African countries like Uganda, Malawi, and Mozambique. Said is reportedly worth around TSH. 1.3 trillion.
Reginald Mengi is the fourth richest person in Tanzania currently. He is a media big fish who is the boss at IPP Media Group – one of the biggest media firms in the continent as a whole.
His company runs a radio station, different television channels, and newspaper outlets. They are also operating different internet properties. It should also be added that his Group also extended their reach to the mining sector – and they deal with things like gold, copper, uranium, chrome, and coal.
The billionaire is also a generous philanthropist who has helped lots of Tanzanian kids suffering from heart conditions. He is said to be worth around TSH. 1.2 trillion.
The fifth richest person in Tanzania is Ally Awadh. At a young age, he has been able to build a billion-dollar oil firm in the country. Of course, like several other business people, he had his fair share of obstacles. Nevertheless, his efforts have been rewarded severally, and he is now one of the richest men in the country with a net worth said to be around TSH. 2.3 trillion.
Next on the list of the richest people in Tanzania is Shekhar Kanabar. This man has been able to build his wealth and is now famous in Tanzania.
Shekhar is the managing director of the Synarge Group, and his company has been playing inside different waters (that is, different sectors). They are nevertheless famous for the production of automotive accessories such as batteries, lead, etc.
Up next his Shubash Patel. He is the seventh richest person in Tanzania currently. He is the boss at Motisum Group, a multifaceted firm that is worth a lot of money. The Group has investments in different sectors, including real estate, food processing, mining, etc.
The eighth richest person in Tanzania is Fida Hussein Rashid. His businesses are predominant in the automobile industry, and he is well-known for building the first notable coy in the country that handles second-hand automobiles.
The man also has superb investments in real estate, while his Africarriers has the sole distribution rights for the likes of Eicher and Golden Dragon, fetching him immense wealth.
Next on the list of top ten richest people in Tanzania is Yusuf Maji. He is a well-known entrepreneur in the country and is currently sitting on the ninth spot. The entrepreneur has superb investments in real estate, and he makes a lot of money doing business.
Aside from his investments in real estate, he also has investments in the vehicle industry, so, he makes money from different places. Manji is also the chairman of Young African SC.
Finally on the list is Salim Turkey. He is currently regarded as the tenth richest person in Tanzania. He is a notable businessman with investments in cement manufacturing, real estate as well as hospitals.
Turkey is also a politician in Tanzania – a Member of Parliament. He manages all his business under Turkeys Group and he makes a lot of money, making him one of the top richest people in Tanzania.
In conclusion, while there are several rich persons in Tanzania, we’ve just present to you the top ten richest in the country.