Did you know that many of the richest people around the world either started their businesses as family concerns or built them with the help and support of their families? This list of the top 10 richest people in Tanzania will give you some insight into the success that they have enjoyed because of their families!
10. Abdulaziz Abood
- Abdulaziz Abood is the founder of the Abood Group. He is also a member of parliament in the National Assembly of Tanzania. This millionaire has a net worth of $8.5 million.
- His family-owned business has interests in inter-city transportation, petroleum distribution, hunting safaris, and media.
9. Yogesh Manek
- Yogesh Manek, the founder and executive chairman of the MAC group, has a net worth of $9 million. He founded the group in 1960.
- The MAC Group’s most prominent business is the EXIM Bank, one of the largest banks in Tanzania. Manek also owns the Heritage Insurance Company and Strategis, Tanzania’s leading health maintenance organization.
8. Ghaleb Said Mohammed
- Ghaleb Said Mohammed is one of the top 10 richest people in Tanzania. He started his business journey by working for his father at a tender age. Later on, he joined the GSM Group which his father founded close to 50 years ago.
- The GSM group has interests in real estate, financial services, transport, general trading, media, logistics, etc.
- This millionaire has a net worth of $15.3 million.
7. Yusuf Manji
- Yusuf Manji, the CEO of Quality Group Ltd, is worth $20.4 million. Quality Group Ltd is a family-owned business that is in its fourth decade of operation.
- Recently the Quality Group opened the Quality Centre, the largest fully air-conditional shopping mall in East and Central Africa.
6. Fida Hussein Rashid
- Fida Hussein Rashid is the founder of Africarriers Group, a company that has active interests in Tanzania’s automotive industry. The company was the first in Tanzania to deal in second-hand motor vehicles.
- This company currently has exclusive distribution rights for Eicher and Golden Dragon in Tanzania and also owns Zahra Tower and The Raha Tower.
- Fida Hussein Rashid has a net worth of $145 million.
5. Shekhar Kanabar
- Shekhar Kanabar, the managing director of Synarge Group, has a net worth of $390 million.
- Synarge Group is a family-owned group that deals in the production of automotive accessories like batteries, lead, and other vehicle spare parts.
4. Ally Awadh
- Ally Awadh founded Lake Group in 2006. He started his business after his father instructed him to become self-sufficient. Currently, Ally Awadh is worth $600 million.
- The Lake Group distributes and trades fuel products in DRC, Zambia, Burundi, and Rwanda. It also owns oil storage facilities in Tanzania and DRC Congo and has gas stations in Rwanda, Burundi, Uganda, Mozambique, Canada, and the United Arab Emirates.
- This millionaire’s spouse has been quietly supporting his business growth from behind the scenes.
3. Said Salim Bakhresa
- Said Salim Bakhresa is another of the top 10 richest people in Tanzania. He is the founder of Bakhresa Group, and his net worth comes to $900 million.
- The Bakhresa Group has interests in food processing, sea freight, petroleum, and media. It owns Azam TV, a pay-per-view platform in East Africa.
- Said Salim Bakhresa is married to Fathiya Bakhresa and they have 6 children.
2. Rostam Azizi
- Rostam Azizi is a Tanzanian Self-made millionaire who is worth $1.04 billion. He was the first person to attain billionaire status in Tanzania.
- This billionaire has interests in telecommunications, real estate, and mining, and owns Caspian Mining, one of the largest mining companies in Tanzania.
- Rostam Azizi is married with 4 children.
1. Mohammed Dewji
- Mohammed Dewji, the CEO of MeTL Group, has a net worth of $1.54 billion. He owns 75% of MeTL Group, a Tanzanian conglomerate that was founded by his father in the 1920s.
- This billionaire grew his business empire after acquiring several production plants that were previously owned by the Ugandan government.
- The MeTL Group is active in flour milling, beverages, edible oils, and textile manufacturing.
- Mohammed Dewji married Saira Dewji in 2001.
The insights above on the top 10 richest people in Tanzania should give you a great idea of how important family is for success!