Mohammed Dewji Net Worth

Mohammed Dewji has an estimated net worth of $2.1 billion, according to Forbes Real-Time Billionaires, Mohammed Dewji profile (figures as of October 20, 2026). That is up from $1.9 billion in 2019.

Mohammed Dewji, often called Mo, is a Tanzanian businessman and the CEO of METL. The company is a large conglomerate that was founded by his father in the 1970s and grew into a major private business in Tanzania. Dewji returned home after graduating from Georgetown University in 1998 and joined the family company. He later became chief financial officer and helped push the business far beyond its original trading roots.

His wealth is tied to METL’s wide reach across manufacturing and consumer goods. The group works in textile manufacturing, flour milling, beverages, and edible oils, with operations in Tanzania and 10 other African countries, including Uganda, Ethiopia, and Kenya. Dewji also launched Mo Cola to compete with Coca Cola. Outside business, he served in Tanzania’s parliament from 2005 to 2015 and signed the Giving Pledge in 2016.

How Mohammed Dewji built his fortune

Dewji’s money comes mainly from METL, the Tanzanian conglomerate he leads. After finishing university in 1998, he returned to Tanzania and entered the family business. He spent 2 years there before becoming chief financial officer. In the early 2000s, he expanded by buying privatized companies that had been losing money and turning them into profitable businesses. That helped move METL from a trading company into a much broader group.

Today, METL is active in several everyday industries. Its businesses include textile manufacturing, flour milling, beverages, and edible oils. The company operates across eastern, southern, and central Africa, not just Tanzania. It also runs in 10 other African countries, including Uganda, Ethiopia, and Kenya. Dewji added Mo Cola as part of that consumer push. The mix of products and markets explains why Forbes places him in the diversified category.

Forbes net worth history

Forbes has tracked Dewji’s fortune through several changes. On the 2019 World’s Billionaires list, Forbes estimated his net worth at $1.9 billion. That later moved down to $1.5 billion on the 2023 list. By 2025, Forbes put the figure at $2.2 billion. The shifts show how estimates can move over time even when the same core business remains in place.

The latest figure is lower than that 2025 peak but still above several earlier years. Forbes’ real-time billionaires tracker listed Mohammed Dewji at $2.1 billion as of October 20, 2026. His standing is still tied to a diversified business group with operations across multiple countries and sectors. That broad base, from food products to manufacturing, has been the main driver behind the value attached to his fortune.