Mohammed Dewji: Tanzania’s Richest is Africa’s Youngest Billionaire – Forbes 2018
Africa’s youngest billionaire, Tanzania’s billionaire Mohammed Dewji may be at the bottom of Africa’s rich list, but at the Age level, he rounded off as the youngest billionaire in Africa.
This is according to U.S.-based Forbes Magazine in the latest release of its annual list of the world’s richest persons (2018).
With a fortune estimated at $1.5 billion, Mohammed Dewji of Tanzania is the youngest African on the list, at age 42.
He inherited a textile and edible oils group from his father and has expanded its operations. His company is active in textile manufacturing, flour milling, beverages and edible oils in East, Southern and Central Africa.
In early 2015, Dewji retired from Tanzania’s parliament after completing his two terms
Other youngest African Billionaire on Forbes 2018 list include.
2. Isabel Dos Santos, $2.7 Billion (Age 44)
Source of wealth: Investments
Isabel is the second youngest billionaire in Africa, the richest woman in Africa, the richest person in Angola and the 7th richest person in Africa, she also made the list of the richest black people in the world..
Isabel Dos Santos is the oldest daughter of Angola’s longtime former president, Jose Eduardo Dos Santos, who stepped down in fall 2017.
3. Stephen Saad, $1.2 Billion (Age: 53)
Country: South africa
Source of Income: Pharmaceuticals
Stephen Saad is the third youngest Billionaire in Africa, and the 19th richest man in Africa.
He is the founder of South Africa’s largest pharmaceuticals company, Aspen Pharmacare, a company in 1997.
He became a millionaire at age 29 when he sold his share in the drug business Covan Zurich for $3 million.
In October 2016, Saad won the Entrepreneur of the Year award at the All Africa Business Leaders Awards gala.
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