Mohammed Dewji Net Worth

Mohammed Dewji is a Tanzanian businessman and former politician best known for being the first billionaire on Tanzanian Forbes Magazine in 2013.

Mohammed Dewji Image Source: Africa Business Communities

Mohammed Dewji Biography

Mohammed “Mo” Gulamabbas Dewji was born on 8 May 1975 in Ipembe, Singida to parents, Gulamabbas Dewji and Zubeda Dewji. He is the second of six children of his parents and his family are known as Twelver Shias whose ancestors left Gujarat, India in the late 1800s to become traders in East Africa.

Mohammed completed his primary education at the Arusha Primary School before proceeding to the International School of Tanganyika (IST) in Dar es Salam, Tanzania.

A file picture taken on April 23, 2015, shows Tanzanian businessman Mohammed Dewji at his office in Dar es Salaam. – Africa’s youngest billionaire was kidnapped on October 11, 2018, by gunmen in Tanzania’s economic capital Dar es Salaam, officials said. Dewji, 43, who heads the MeTL Group which operates in about 10 countries with interests in agriculture to insurance, transport, logistics and the food industry, was snatched as he entered the gym of a hotel in the city. (Photo by Khalfan SAID HASSAN / AFP) (Photo credit should read KHALFAN SAID HASSAN/AFP via Getty Images)

In 1992, Dewji got enrolled at the Arnold Palmer Golf Academy in Orlando, Florida, where he completed 11th Grade at Trinity Preparatory School for. He, however, had his final year of high school in New Jersey at the Saddle Brooke High School.

Dewji graduated from Georgetown University in Washington D.C, in 1998 with a Bachelors degree in International Business and Finance as well as a minor in Theology.

Mohammed Dewji Career

Following the completion of his tertiary education, Dewji returned home and took over the management of his father’s business, Mohammed Enterprises Tanzania Limited (METL). He later ended up as the Chief Financial Officer (CFO) at the commodities trading business after two years of working with the company.

MeTL Group of Companies of which Dewji is currently the CEO is the largest privately-owned conglomerate in Tanzania with activities based in agriculture, finance, distribution, real estate, mobile telephony, or manufacturing. Dewji had earlier acquired government privatized loss-making companies during the early 2000s.

Mohammed Dewji and Tanzania’s 4th President, Jakaya Kikwete Image Source: Wikipedia

Dewji once ventured into politics and had served as Member of Parliament for 10 years after which he resigned in October 2015. He is currently residing in Dar es Salaam, Tanzania alongside his wife Saira with whom he has three children.

Mohammed Dewji Abduction

Dewji was once kidnapped by masked men on the 11th of October, 2018 soon after the business mogul had left the gym at Colosseum Hotel in Dar es Salaam. The masked men involved in his abduction had fired shots in the air before driving away.

Fortunately, the billionaire businessman was freed after 10 days of being kidnapped. He was dumped at a field near the exclusive Gymkhana sports club where authorities found him in a healthy physical condition.