Top 10 Richest Men In Tanzania (2021)


In East Africa, Tanzania is considered the second largest with a growing population and a formidable economy.

As a result of thier highly developed economy, some wise individuals have taken advantage of the various economic sectors in the country and built a massive amount of wealth for themselves.

These rich men have established multi-million industries in sectors like Agriculture, Energy and Telecommunications network.

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Today, we will be looking at the top 10 richest men in Tanzania. This arrangement will be done in ascending order, that is, from the most richest man to the least richest person on the list.

1. Mohammed Dewji

Mr. Dewji is a prominent personality in Tanzania. He is highly recognized for his ability to implement a radical change that led to the transformation of family wholesale and retail business into a global conglomerate.

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Currently, he is worth TSH 3.4 million.

2. Rostam Azizi

He is 60 years of age and is recognized as the first person to become a billionaire in Tanzania.

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A lot of people in Tanzania are conversant with his name due to the massive investments he has made in the mining, real estate and telecommunications network sector.

3. Said Salim Bakhresa

He is the mastermind and CEO of the Bakhresa Group. This group has subsidiaries that focus on television production.

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Though he was a school drop-out, he never allowed that to shutter his dreams.

4. Reginald Mengi

He is the owner of IPP media group which is one of the largest media firms in Africa.

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The media firm holds internet properties, television and radio stations.

5. Ally Awadh

He is one of the youngest billionaires in Tanzania. His major source of finance comes from the oil industry. Currently, Ally 2.3 trillion from his oil business.

6. Shekhar Kanabar

Shekhar is the managing director of Synarge group, a diversified business conglomerate in Tanzania.

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This famous business conglomerate produces products car batteries, lead and other vehicle spare parts.

7. Shubash Patel

Shubash is the owner of Motisum Group companies, a firm that has transformed from a rolling mill business to a multi faceted firm.

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Motisum Group of Companies has 15 different subsidiaries that engage in business activities within the food processing, real estate and mining sector.

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8. Fida Hussein Rashid

He is an excellent investor who has invested a lot of into real estate agencies.

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Some of his properties include Raha and Zahra Towers.

9. Yusuf Manji

Yusuf is also an investor who has made excellent investments in real estate. Aside his real estate firm, Yusuf has also invested in the vehicle industry.

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He owns a football club in Tanzania which is widely recognized as the Young African football club.

10. Salim Turkey

He is the last on my list. Salim is a successful business mogul who has made excellent investments in real estate, cement manufacturing and the health sector.

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Salim is also part of the billionaires club of Tanzania.


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