SHARE

Mohammed Dewji: Tanzania’s Richest is Africa’s Youngest Billionaire – Forbes 2018

Must Read

Savika – The Extremely Dangerous Traditional Bull Wrestling Culture in Madagascar

In the island country of Madagascar, there exists an incredible and little-known form of bullfighting called 'Savika'.

Black Billionaires: Top 15 Richest Black People in the World (2021)

Nigerian Cement tycoon 'Dangote' is the richest black person in the world, with a fortune estimated at $11.9 billion (as of January, 2021).

7 Little Known Facts About The Atlantic Slave Trade

Here are 7 Little known facts about the atlantic slave trade that saw a vast majority of africans transported...
SHARE



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.

See the current list of Forbes youngest Billionaires in Africa, 2019

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)

Country: Angola
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.

Related:   Black Billionaires: Top 15 Richest Black People in the World (2021)
Related:   Black Billionaires: Top 15 Richest Black People in the World (2021)

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.



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Savika – The Extremely Dangerous Traditional Bull Wrestling Culture in Madagascar

In the island country of Madagascar, there exists an incredible and little-known form of bullfighting called 'Savika'.

More Articles Like This