Overview:
Over the past year, Dewji's net worth has increased from $1.8 billion to $2.2 billion, reflecting the continued growth and diversification of his business ventures. This upward trajectory underscores his significant influence in the East African business landscape.
Tanzanian businessman Mohammed Dewji has been named the wealthiest individual in East Africa, according to Forbes’ 2025 rankings.
With a net worth of $2.2 billion, Dewji is the only billionaire from the region to feature on the prestigious list, ranking 12th in Africa.
The Forbes list tracks the wealth of African billionaires who reside in Africa or have their primary business there. Net worths were calculated using stock prices and currency exchange rates from the close of business on March 7, 2025.
Notably, Nigeria’s Aliko Dangote maintained his position as the richest man in Africa with an estimated net worth of $23.9 billion, up from $13.9 billion a year ago. The big jump in his fortune is primarily due to the addition of the value of his refinery, which opened last year on the outskirts of Lagos after long delays.
Dewji, commonly known as Mo, serves as the CEO and primary owner of Mohammed Enterprises Tanzania Limited (MeTL) Group, a conglomerate with interests spanning manufacturing, agriculture, trading, finance, and several other industries. Under his leadership, MeTL has expanded its operations to 11 countries and contributes approximately 3% to Tanzania’s GDP.
Over the past year, Dewji’s net worth has increased from $1.8 billion to $2.2 billion, reflecting the continued growth and diversification of his business ventures. This upward trajectory underscores his significant influence in the East African business landscape.
Beyond his business endeavors, Dewji is recognized for his philanthropic efforts. In 2014, he established the Mo Dewji Foundation, focusing on improving education and health services in Tanzania. He is also a signatory of the Giving Pledge, committing to donate at least half of his wealth to charitable causes.
Dewji’s achievements highlight the growing prominence of East African entrepreneurs on the continental and global stages, reflecting the region’s economic potential and entrepreneurial spirit.