The Biggest Winners: 5 African Billionaires Who Didn’t Lose Money In 2015

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Written by Dana Sanchez
Mohammed Dewji. Photo: africanindy.com
Mohammed Dewji. Photo: africanindy.com

Mohammed Dewji, Tanzania

Net Worth: $1.11 billion
Up: $308 million (38.7%)

How he made his money:

Dewji is president and CEO of Mohammed Enterprises Tanzania Limited (MeTL), a diversified conglomerate of 31 industries with a presence in Dubai and eight African countries including Tanzania, Uganda, Rwanda, Burundi, the Democratic Republic of Congo, Malawi, Zambia and Mozambique.

He employs 5 percent of Tanzania’s formal employees — more than 24,000 – and contributes more than 3 percent to Tanzania’s GDP. He is also the country’s largest private landowner with “entrepreneurial interests” occupying 40,000 hectares (almost 100,000 acres or 156 square miles).

At age 29, Dewji was one of the youngest Tanzanians to become a member of parliament. At age of 40, he is the 31st richest African.

Sources: Forbes, AfricanIndependent