His next target is to generate $5bn of revenues by 2020 and employ 100,000 people across Africa. Mohammed Dewjiâs net worth estimate is $100,000 - $1M. Tanzanian billionaire Mohammed Dewji says he has made a few lifestyle changes ⦠Forbes estimates his net worth as 1.5 billion dollars, making him Africaâs 17th richest man and its youngest billionaire. Tanzanian billionaire Mohammed Dewji. Spirit of METL These qualities characterize each METL employee: The desire to continually question and challenge the status quo; The relentless drive to find better and more innovative solutions; The passion to meet all of our customers' requirements; image caption There was a huge investigation after Mohammed Dewji was kidnapped in October 2018. It is ⦠He acquired moneylosing government-owned manufacturing plants in the textiles and edible oils industries and transformed them into ⦠Mohammed Dewji turned a trading house into industrial conglomerate. We are at an upmarket hotel in central London, a stoneâs throw from Hyde Park. Speaking at the State House in Dar es Salaam during the swearing-in of newly-appointed leaders and promotion of five senior police officers to the rank of Commissioner of Police (CP), the Head of State said there are more questions than answers on the way the police handled the Dewji case. He owns 75 percent of METL Group, one of Tanzaniaâs largest industrial conglomerates founded by his father. Its ownership was changed after his death. Mohammed Dewji, who goes by Mo, turned a trading house founded by his father into industrial conglomerate MeTL Group. 1) Mohammed Dewji â Net Worth: $1.3 Billion. Mohammed Dewji single-handedly turned his fatherâs trading business into Tanzaniaâs largest import-export group. Tanzanian businessman Mohammed Dewji is prompt, smiling and wearing his trademark chunky glasses. Source of Wealth: Business Executive: Net Worth 2021: $100,000 - $1M: Earnings in 2021: Pending: Yearly Salary: Under Review: House(s) He lives in Tanzania: Cars: There are no vehicles shown to the public: All net worths are calculated by applying a proprietary algorithm. Itâs an ambitious dream, but for Mohammed Gulamabbas Dewji, it is typical. We grab a table and an (excellent) espresso. This 40-year-old Tanzanian millionaire is the youngest among Africaâs 50 richest for the third year. He also has an impressive social media profile with 487,000 Twitter followers and more than 500,000 Instagram followers. Dewji is a man of extraordinary ambition, and heâs parlayed this single attribute to stunning effectâtransforming a small, family-owned regional trading house into a multi-billion dollar, multinational conglomerate and creating one of Africaâs largest fortunes. He is Tanzaniaâ s only billionaire. The house is located less than 15km north of the luxury hotel in Oyster Bay where Mr Dewji, popularly known as Mo, was kidnapped on October 11. âThe house belonged to the late Mwansasu. No one disagrees about the comfortable global dominance of East African arabica. He grew Mohammed Enterprises Tanzania (MeTL) 30-fold and increased revenues from $30 million to $1.1 billion, by diversifying into everything from cement and real estate to energy and mobile telephony. Dewji bought them out, cheaply. Mohammed Dewji has built his family business from a $26m trading and distribution company importing goods into Tanzania into a manufacturer of multiple products and one of Africaâs few companies with revenues of over $1bn. He is the owner and chief executive of the multibillion-dollar Mohammed Enterprises Tanzania Ltd (METL Group). ... replacing the lights in his house with brighter bulbs ⦠Mohammed Dewji, 43-year-old CEO of the METL Group family conglomerate, was seized as he arrived for a morning workout in Tanzaniaâs commercial capital Dar es Salaam last week. Mohammed Dewji CEO & President.
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