Richest People In Tanzania 2014 – Wealthiest Tanzanians

The United Republic of Tanzania is located in East Africa. Tanzania’s economy is heavily based on agriculture. It accounts for more than 25 percent of GDP and around 85 percent of exports. Tanzania has minerals like gold, diamond, coal, uranium, iron, nickel, chromium, tin, platinum and others.
Tanzania has produced many rich people. Here is a brief overview of the top four among them.

3) Said Salim Bakhresa (net worth $500 million)

This 65 year old millionaire is the founder and chairman of the Bakhresa Group.

3) Mohammed Dewji (net worth $500 million)

This 39-year old millionaire studies business at Georgetown University. After studies he returned to Tanzania and took over his father’s commodities trading business. When the Tanzanian government decided to privatize loss making state assets in the early 2000s, he acquired them for cheap price and ran them very profitably using lean management techniques. Today his METL Group is the largest privately held business in the country. He has invested in various industries like manufacturing, distribution, textiles, real estate and agriculture.

2) Reginald Mengi (Net Worth $550 million)

This self-made millionaire is the chairman of the privately help IPP Group. This Tanzanian conglomerate owns 11 national newspapers, three of East Africa’s popular TV station and around 10 radio stations. This media mogul also owns gold mines and Coca Cola bottling plants.

 

1) Rostam Azizi (Net Worth $1.1 billion)

This 49 year old billionaire is in fact the first and only billionaire in Tanzania. Most of his prosperity is due to his 35 percent stake in Vodacom Tanzania, the nation’s largest mobile phone company. Vodacom Tanzania has more than 10 million subscribers.

The above-mentioned millionaires have proved that it is possible for anyone to be rich as long as the person is willing to work hard, with focus.