See also : Biggest Economies In East Africa 2020. The Bakhresa Group is active in food processing, sea freight business, and petroleum, investing in all these regions in only thirty years. His company has gone beyond Tanzania's boundaries to Uganda, Malawi, and Mozambique. With the net worth of $1.5 billion, Mohammed Dewji remains East Africa’s richest person and one of the largest employers of workers in Tanzania. He came to the light after he released his song ‘Shida za dunia’. According the Forbes ’ 2015 list of Africa’s 50 Richest, Nigerian business magnate Aliko Dangote remains the richest person in Africa and the richest black man in the world. Some of his properties include Raha and Zahra Towers. You probably have names popping into your heard as who makes it into Tanzania’s rich list. They hold a radio station, television channels, newspaper outlets, and internet properties. Salim manages all his business under the Zanzibar-based Turkys Group that he created in the eighties. Tanzania is one of the largest countries in East Africa. Nigerian Mike Adenuga … Mohammed VI of Morocco is the richest president in Africa with an estimated net worth of about $5.8 billion. . Africa is on the move, and African billionaires are growing wealthier and increasing in number. Currently, his businesses operate in at least six African countries, and he has ambitions of expanding to other regions. The Forbes Magazine just released the list of the richest men in the world and East Africa's Wealthiest people that made the list are the following. Christoeffel Wiese Net Worth: $1.1 Billion (Forbes) Industry: Retailing, Self Made. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. Although the group is family-owned, Shekrah has made strategic business moves that have given home high earnings over time. Kenyatta is not only a wealthy man but also one of the big names in East Africa. Though the largest portion of his wealth came as an inheritance from his dead father, Mohammed Dewji adopted his own business strategy in expanding the enterprise. Outside of his political role, Uhuru Kenyatta doubles up his wealth as an entrepreneur and currently, he has massive investments in real estate, milk processing, agriculture, oil and gas, insurance, banking, hotel, brick making, and education. Besides his enormous business contributions which signify Tanzania as one of the largest economies in East Africa, Mohammed Dewji has boosted his reputation through several philanthropic efforts. Ally came up with this business after being intensively involved in oil trading and services. Rotzam has been a familiar personality on the top 10 richest people in Tanzania. Wealth for the three richest billionaires in Africa is 28.8 billion dollars (Aliko Dangote 14.1 billion, Nicky Oppenheimer 7.7 billion and Johann Rupert 7 billion dollars, according to Forbes 2019 billionaires list). Through the charity programme –known as Giving Pledge –Mohammed Dewji aims to contribute a huge portion equalling half the value of his wealth. The country is sparsely populated with a total population of roughly two million. It is said that Ally Awadh is intellectually endowed in the business sector. East Africa is an African region that houses several countries. Currently, Mo is the CEO of Mohammed Enterprises Tanzania Limited (MeTL), the largest homegrown firm in the country. Kenya is also Classified as Lower-middle income economy while the rest of east african countries are classified as least developed countries. More amazingly, Kenya in its cool, warm and humid climate houses some of the richest people in Africa. What makes Kenya so special? Tanzania is a nation sprawling with immense resources, which the wise have managed to capitalize on and build their wealth. Meanwhile, his great philanthropic contributions have distinguished him as one of Tanzania’s most influential personalities. This is Kenya’s current President and the only presidential character on the list of  the Richest Men in East Africa. Besides his control of Mukwano Industries Uganda Limited, Karmali bears presence in Exim Bank where he is regarded as a non-executive director. Shekhar comes sixth among the wealthiest people in Tanzania. Your email address will not be published. More on: Sub-Saharan Africa Within the range of economies among the African countries, Kenya shows the tenth highest level of Gross … It is not surprising that the number millionaires in the country continue to grow. With the net worth of $1.2 billion, Sudhir Ruparelia maintains his reputation as the second richest East African. Depar Shah is Kenya’s richest man and as a wealthy personality within and beyond his country, he takes the third spot among the richest men in East Africa. 1.3 trillion. The pillars for Namibia’s economy are tourism, manufacturing, agriculture and mining. 2.3 trillion. Barely forty years has old; this phenomenal entrepreneur has already built a billion-dollar oil firm in Tanzania. Ugandan businessman Sudhir Ruparelia is the richest man in East Africa and comes in at a prestigious number 18 in the whole of Africa according to the … It is not surprising that the number millionaires in the country continue to grow. His primary businesses include cement, sugar and flour. Kenya is the largest economy in the East African Community, with a Gross Domestic Product (GDP) of $45.31 billion in 2013. ; Calculation is based on Credit Suisse Global Wealth Report and Forbes 2019 Billionaires List. Diamond has an estimated net worth of TSH. Save my name, email, and website in this browser for the next time I comment. He is also a Tanzanian Member of Parliament, with extensive political experience. Tanzania’s success story is not absent from the great business minds that help shape the economy. Lagos, the fourth wealthiest city in Africa, is also one of the poorest cities in the world in a country with the largest absolute number of people in poverty. It has a lot of neighbors: Tanzania, Somalia, Uganda, South Sudan... Well, you are probably more interested in Kenya and why is it in our list? Jeff Bezos was named the richest person on earth for a second consecutive year with a record wealth of $131 billion. READ ALSO: Top 20 richest football clubs in the world according to Forbes in 2019 - 2020, Image: facebook.com, @reginaldmengiSource: Facebook. Mombasa woman who boiled stones for hungry children gets KSh 1.4m modern house, Eric Omondi hilariously watches as his 9 'potential wives' balance buckets on their heads, Team mafisi wadondokwa na mate kwa kuangalia picha ya Martha Karua mtandaoni, A look at Cristiano Ronaldo's swanky Hogo bed worth KSh 4.6 million, Maafisa wa kike waonywa dhidi ya kuvalia minisketi kazini kwani wenzao wa kiume zinawapanda, DP Ruto amshambulia vikali Raila wakati wa mazishi ya Murunga, Master KG's Jerusalema chosen by Jay Z in his top 2020 songs, Celebration of life program ideas and templates. At the moment, Tanzanian Mohammed Dewji is the wealthiest man in East Africa. He was born in 1959 and educated in Kenyan schools. Shubash is the great mind behind the Motisum Group. The richest African, for the eighth year in a row, is Nigerian cement and commodities tycoon Aliko Dangote, with a net worth of $10.7 billion. Forbes places his net worth at TSH. This a renowned conglomerate in Tanzania with business interest in different sectors of the economy. Through his business involvement, Alykhan Karmali has maintained his wealthy status and this makes him the fourth richest East African. Image: youtube.com, instagram.com, facebook.com, forbes.com (modified by author)Source: UGC. Additionally, they always have a transformative moment in their career, which comes out of the sheer dedication to their vision. One of them is Azam TV – a pay per view platform in East Africa. The richest people in Tanzania have built multibillion industries in diverse sectors. He has excellent investments in real estate using his Quality Group of Companies. And as an influential investor, he happens to be the member with the highest shareholding in the companies under the Ruparelia Group. Through the influence of his massive net worth which hovers around $1.2 billion, Sudhir Ruparelia has emerged into great fame as the wealthiest person in Uganda and in the entirety of East Africa. Today, his large firm possesses 15 distinct subdivisions that have interests in different sectors of the economy. Among these countries, the trio of Tanzania, Kenya, and Uganda are considered the leading giants. These are areas like energy, agriculture, telecommunication, Fast Moving Consumer Goods (FMCG) and more. He is one of the country’s biggest businessmen. EAST AFRICA is a region within Africa that identifies geographically as well as economically. Image: instagram.com, @saidsalimbakhresaSource: Instagram. It is easy realizing that those that have made it into the list do not have solitary investments but have different interest in various economic sectors. Richest People In Africa. At the moment, Tanzanian Mohammed Dewji is the wealthiest man in East Africa. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. Yogesh is the founder of MAC Group. Born in 1960, and now 60 years old, he was the first person to earn the billionaire status in the country. As an operative conglomerate, BIDCO Group of Companies spans its business operations across 13 countries in Africa. He is amongst the earliest breeds of the new-age artists in the music industry to make a massive breath through. In Mohammed Dewji’s mission, the young billionaire –also regarded as Tanzania’s only billionaire –aims to alleviate the incidence of poverty ravaging some Tanzanian Regions. 2. Sudhir Ruparelia is a Tanzanian born in 1956. Significantly, Uhuru Kenyatta is a child to Kenya’s first President and the impressive aspect of his reputation is that he is Kenya’s incumbent President. He is the managing director if the Synarge Group. You have likely never heard of them before, but they are incredibly wealthy individuals shaping your country's economy. Alykhan Karmali is one of the richest Ugandan and the reputable M.D of Mukwano Industries Uganda Limited –a subsidiary of the Mukwano Group. Some have created a name out of nothing, an excellent testimony for aspiring entrepreneurs. Sure, Ghalib is making millions from his diversified investments. Reginald does not only hold investments in media, but his IPP firm also participates in gold, uranium, copper, chrome and coal mining. Image: youtube.com, @MCL DgitialSource: UGC. Also, he is the chairperson of Heritage Ali Insurance Co T Ltd that mostly focuses on health maintenance. Nassef Sawiris is the richest man in Egypt and the second richest man in Africa with a net worth of $8 billion. A significant quantity of goods consumed here is imported, hence highly priced. It was a great move since it allowed him to familiarize himself with the political environment that would be of great benefit to his business interests. These individuals have heavily invested in various sectors, making the country a strategic investment opportunity for global billionaires. As a vibrant business tycoon, Mohammed Dewji happens to be the reputable owner of METL (Mohammed Enterprises Tanzania Limited). What many do not know about Said is that he is a school dropout. His primary businesses include cement, sugar and flour. Yusuf Maji is a notable entrepreneur in the top ten richest people in Tanzania. The 50 Richest People in Africa The African continent has produced many wealthy people; with over 28 known billionaires. Paunrana is one of the richest people in Kenya who is valued at USD 80 Million. 3.4 trillion. It is hard telling how many millionaires the country possesses. There are many private sectors that make a huge development in this country and benefited it as well. Now, Fida has amassed immense wealth. These are products like batteries, lead, and many other vehicle spare parts. Sawiris split Orascom Construction Industries into two entities in 2015: OCI and Orascom Construction. READ ALSO: Akothee net worth 2020: Houses, cars, earnings, Leave your email to receive our newsletter, Get the news that matters from one of the leading news sites in Kenya, Drop your mail and be the first to get fresh news, Who are India’s richest kids? Significantly, METL has business operations which span across transportation, agriculture, textile making and real estate. He might not make it in the list of the wealthiest people in Africa, but his accumulated wealth is worth mentioning. Dangote is the richest person in Africa and the only African on the list of top 50 richest in the world. The country has immense resources and investment opportunities, which great business personalities have taken advantage to build their empires. 2.3 trillion business earnings. As a vibrant business tycoon, Mohammed Dewji happens to be the reputable owner of METL (Mohammed Enterprises Tanzania Limited). He is a scion of Egypt’s wealthiest family. His most significant investment in Tanzania is EXIM bank, which ranks among the three biggest banks in the country. Top 20 Richest People in Africa 2020: Aliko Dangote of Nigeria is the richest man in africa (for the 9th year in a row) His networth is estimated at $10.1b. In only two decades, Mr. Patel transformed a simple company that only concentrated on the rolling mill business into a multifaceted firm. Among his philanthropic contributions, we can easily identify the Mo Dewji Foundation which he established in order to offer scholarship privileges to the needy children in Tanzania. The cost of living is comparatively high. Bobi Wine, real name Robert Kyagulanyi is the richest musician in East Africa. Namibia sits in Southern Africa. Over and above that, the Tanzanian billionaire approved of a charity programme in 2016. Said Salim was born in 1949 and is the founder of Bakhresa Group. (July 2019) The Richest Africans is an annual ranking of the richest African people, compiled and published by the American business magazine Forbes. Dennis Oliech With a monthly salary of Kshs. Isabel dos Santos is the richest woman in Africa and also the eldest child to Angola’s former President who ruled the country for 38 good years. The richest people in Tanzania have learnt the art of trading and diversification. With a net worth of $6 million, the reggae genre artist has been able to win the hearts of many through his music. Nevertheless, this article presents the names of the Wealthiest Men in East Africa and according to reports, Tanzania’s Mohammed Dewji is currently the wealthiest East African. Aziz owns Caspian Mining, which is one of the largest mining companies in Tanzania. Reginald is a media tycoon, owning one of the largest media firms in Africa. This group has other substantial firms under its umbrella. Diamond Platnumz is the richest musician in Tanzania. At the moment, Tanzanian Mohammed Dewji is the wealthiest man in East Africa. Significantly, METL has business operations that span across transportation, agriculture, textile making, and real estate. 31 Million every month, Dennis Oliech is the wealthiest footballer and the tops among the richest footballers in East Africa at the moment. The Tanzanian is … His company Dangote Group is currently on an expansion drive to many other African countries. Here is the list of the top 10 richest people in Tanzania – 2019. As a fortunate business mogul, the largest portion of Shah’s wealth came as an inheritance from his father. 12 months ago ... is led by Mark Futani, an Australian. As one of the richest East Africans, Karmali’s net worth places him around $700 million. Image: twitter.com, @shekharKanabarSource: Twitter. So, the main effort is there to upgrade the private sectors in Tanzania. According to the 2019 Forbes 2019 ranking of the world's billionaires, Nigerian business magnate Aliko Dangote had a net worth of $10.9 billion and was the world's richest black person. Kenyatta is not only a wealthy man but also one of the big names in East Africa. The business mogul owns Mohammed Enterprises Tanzania Limited (METL), which deals with real estate venture, textile industries, several acres of land for agriculture and transport business. Near the eastern shore of the continent lies not only a beautiful but also a prosperous country called Kenya. 1.2 trillion. Image: youtube.com, @reginaldmengiSource: UGC. In 2014, he made a significant business move by selling his 17.25% holding in Vodacom Tanzania - the largest mobile operator in the country. Jose Chameleon leads among richest musicians in East Africa. In his early business days, Ghalib worked for his father’s cashew farming and other general business. In terms of business, wealth, and economic growth, the three countries dominate the entirety of East Africa. Ghalib is the founder of GSM Group that has investments in transport, real estate, financial services, general trading, logistics, media and more. Alykhan Karmali – Fourth Richest Man in East Africa. The country has a GDP of about $11,528. Top 10 Richest Presidents in Africa – 2019 Infographic Here is an Infographic list of the top 10 Richest Presidents in Africa (2019) with reference to Forbes, People With Money magazine, CelebrityNetWorth: Click To Tweet. Mr. Azizi current net worth is TSH. Shah has been able to build a significant business empire and that makes him the incumbent chairman and founder of BIDCO Group of Companies –a manufacturing conglomerate collectively owned by a Kenyan family. Africa's 40 Richest: Meet The Newcomers Rising stock prices and economic growth across much of Africa helped propel 10 new people onto Forbes’ 2012 list of the 40 richest Africans. Significantly, METL has business operations that span across transportation, agriculture, textile making, and real estate. His diversified company, METL, has interests in virtually all the significant sectors of Tanzania's economy. Image: youtube.com, @yogijidigiSource: UGC. A peek into Forbes richest people in Africa will tell you a lot. He is a popular personality in the country and is credited for implementing a radical change that transformed the family wholesale and retail business into a global conglomerate. Safaricom, East Africa’s largest telecom provider, is run by a Guyanese man, Bob Collymore, and CEO Graham Mackay, an American, runs the world’s largest beverage maker, SABMiller. The Richest Men In Africa That We Should All Learn From. He has an estimated net worth of $7 million as of 2020. Who are India’s richest kids? The top 10 ranked 2020, List of youngest millionaires in South Africa 2020, List of SMEs in Kenya: Top 100 companies to watch in 2020. Who is the poorest person in the world 2019? The list has been published since 2015. Right now, the question is: Who Is The Richest Man In East Africa? Required fields are marked *. President José … Interestingly, Dewji served as a Member of Parliament for the country’s ruling party for a decade until 2015. This is Kenya’s current President and the only presidential character on the list of  the. Many successful business personalities have turned their businesses into pan-African conglomerates, putting their funds on virtually any sector of the economy. Current ranking of the richest men in Africa 2020. Tanzania has a sizeable number of dollar billionaires, not to mention the many millionaires it holds. With a population of 47,564,296 (2019 census) people ,Kenya has a GDP per capita of $2,010 (nominal, 2019 est.) His brother Naguib is also a billionaire. Salim is a well-established businessperson with investments in cement manufacturing, real estate, and hospitals. At the moment, Kenyatta’s net worth is valued at $500 million. Reginald Mengi's estimated net worth is TSH. READ ALSO: Highest paid comedians in 2020 - How does Trevor Noah rank? TOP 10 RICHEST MUSICIANS IN GHANA AND THEIR NET WORTH. Dangote refineries are expected to come online in 2017. Shekhar's Synarge group is famous for the production of automotive accessories. However, that has become history as his current net worth stands at $5.9 bn. Dangote Group founder Aliko Dangote has topped the 2018 list. Aliko Dangote – NW: $21.6 billion. His company, IPP Media Group, has several investments. Currently, he is making massive headway in the entertainment industry doing collaborations with international artistes. Impressive economic growth and a large and growing consumer goods market in East Africa have pushed five businessmen from the region to the list of Africa’s 55 richest billionaires, whose combined fortune stands at $143.88 billion, a new ranking shows. The richest people in Tanzania have built multibillion industries in diverse sectors. Mohammed Dewji ranks as the wealthiest person in the country with an estimated accumulated wealth of TSH. Indeed, Ally takes home a big chunk of his TSH. Yusuf has also invested in the vehicle industry and is the chairman of Young African SC – a successful football club in Tanzania. As a vibrant business tycoon, Mohammed Dewji happens to be the reputable owner of METL (Mohammed Enterprises Tanzania Limited). Sure, he has created high cash streams from his different businesses to earn him a spot on the rich people list. As a vibrant investor, Sudhir Ruparelia majorly invests in sectors such as real estate, resorts, hotels, floriculture, broadcasting, education, insurance, and banking. Aliko Dangote GCON (born 10 April 1957) is a Nigerian businessman, investor, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries.. Dangote is ranked by Forbes magazine as the 136th-richest person in the world and the richest man in Africa, and peaked on the list as the 23rd-richest person in the world in 2014. READ ALSO: Top 15 richest pastors in the world in 2019 - 2020. Since he entered the oil business an underdog, Awadh has faced many obstacles while building his business empires. Fida also has excellent investments in real estate. These are real estate, food processing, mining, and others. She is East Africa’s richest woman and has a large collection of prime real estate her husband acquired in the 1960s and 70s during a British colonial government and World Bank-sponsored settlement transfer scheme, which allowed government officials and affluent Kenyans to acquire land from British colonialists at dirt-cheap prices. (adsbygoogle = window.adsbygoogle || []).push({}); Nevertheless, this article presents the names of the. In the East African region, it counts as the second largest country with a growing population and economy as well. Top Richest People in Kenya Images and all about their Wealth. The answer is very short and simple: GDP. Today, his enterprises have accumulated immense wealth. A Highlight of the Most Corrupt Countries in Africa: Is Kenya There? Meanwhile, Depar Shah’s vibrant business progressively takes him higher on Kenya’s wealth ladder and impressively, he is the country’s richest person with his net worth valued at $700 million. Mohammed Dewji is the richest person in East Africa. Thanks, that’s all on Richest Man In East Africa 2020, Share your thoughts and suggestions with us through the comment box and like us on facebook.com/9jaquest, Tags: Top 10 Richest Man In East Africa 2020 Delta Feb, Your email address will not be published. READ ALSO: Richest female musicians in the world 2019 - 2020. This expanded his business knowledge, catapulting him to what he is today. Bakhresa has an estimated net worth of TSH. leading other East African countries. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The rich are game-changers, people that have helped shape their countries, and in Tanzania, they have made a name for themselves. 3.4 trillion. Image: instagram.com, @moodewjiSource: Instagram. Significantly, Uhuru Kenyatta is a child to Kenya’s first President and the impressive aspect of his reputation is that he is Kenya’s incumbent President. Listed below are the top 50 wealthiest people in Africa according to the data gather from Forbes. His real name is Joseph Mayanja. Today, out of his continuous investments, Salim is a member of the billionaires club of Tanzania. While the young billionaire revealed his intention to do this, he maintained that half his wealth would be contributed to Tanzania’s philanthropic causes. 11.5 billion. Fida Hussein businesses are predominant in the automobile industry. In the East African region, it counts as the second largest country with a growing population and economy as well. Top 20 Richest People in Africa 20. Certainly, it did not deter him from achieving his dreams. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. He has 75% shareholding. Mr. Mengi is a philanthropist, giving numerous Tanzanian children suffering from heart conditions access to better health facilities in India. Azizi has invested in telecommunications, real estate, mining, and many other sectors. The biggest income earners have certain things in common: fantastic work ethics, breakthrough ideas, and commitment to their objectives. He spent two years with a software company in New York, where he earned US$40,000 annually and returned to Kenya in late 1984. Wealth of the bottom 50% of the African population is 22.98 billion US dollars. He started his career in 2009 and wooed his fans with his sweet voice. Likewise, the Ugandan business mogul boosts his authority as the chairman of the Ruparelia Group. He is renowned for creating the first notable firm in Tanzania that handles second-hand automobiles. Dewji is probably one of the best of Tanzania's success story. His company, Africarriers, has the sole distribution rights for brands such as Eicher and Golden Dragon. Some of the fastest-growing economies, and also some of the most stable societies in Africa can be found within this region, making it a subject worth studying and for us to know the richest countries in East Africa presently. All these business interests have created massive wealth for Yogesh, making him a part of Tanzania's wealthy class. He is mostly spotted wearing expensive jewellery. Carlos Slim Helu bagged the top spot in the Middle East ranking with $64 billion compared with $67.1 billion last year. Black billionaires are individuals of African ancestry with a net worth of at least US$1 billion. Over the years, he has been moving up the chain of successful entrepreneurs. Dewji, popularly known as Mo, grew his business empire after the acquisition of various production plants previously owned by the Ugandan government. and according to reports, Tanzania’s Mohammed Dewji is currently the wealthiest East African. 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