- Joined the Giving Pledge: 07/15/2016 - Read the Letter
- Estimated Net Worth: $1.1 billion
- Forbes Rank: #1577
- Industry: Diversified Industrial Holdings
- Born: 1975
- Residence: Dar es Salaam, Tanzania
Graduating from Georgetown University in 1998, Mohammed "Mo" Dewji soon gave up a job on Wall Street -- where, despite its cachet, he worked 100-hour weeks, drank too much coffee, and could barely pay his rent -- and returned to Tanzania to run MET Limited, his father's business. Capitalizing on a wave of privatization of government-run companies, Dewji snapped up distressed firms, turned them around, and by 2014 was Africa's youngest billionaire. Dewji's MeTL Group now employs more than 24,000 workers in Tanzania and accounts for some 3.5% of the country's GDP. Dewji served two terms in Tanzania's National Assembly and remains a close ally of the nation's president. The Mo Dewji Foundation, founded in 2014, funds health, education, and human services across Tanzania including the children's cancer ward at the Muhimbili Hospital in Dar es Salaam, as well as school and water projects in his native Singida region. Dewji's competitiveness (he is a fervent supporter of Tanzania's soccer club Simba) and entrepreneurial drive prompted a Tanzanian version of the Cola Wars in 2014, when Dewji launched Mo Cola, leveraging his personal brand to challenge the market share of Coke and Pepsi, as well as local brand Azam Cola. In 2016 the foundation launched its "Mo Entrepreneurs" competition, inviting young Tanzanians to submit business proposals for a cash prize and personal mentoring by Dewji.
Our role as citizens of this world is to truly to support the betterment of our society so that our future generations and their offspring grow up to live even better lives and strive for even more than they think is possible for them today.
Education; Entrepreneurship; Health; Human Services
Is There a Mo Bank in Africa's Future?
— AFK Insider: 03/24/2016
Tanzanian Billionaire to Give Away $100m Through Foundation
— Philanthropy Age: 04/20/2015
Mo Magic: A Week With Mohammed Dewji, Tanzania's Wealthiest Man
— Ventures Africa: 02/07/2015