Reginald Mengi’s wealth is in excess of $560 million according to Forbes. The Tanzanian billionaire died today in Dubai aged 75 years.
Sources say the one of the richest men in Tanzania earned upwards of $30 million per year.He owns more than 10 profitable companies. His IPP Media Group owns 11 newspapers, radio and television stations and internet properties. He also owns Bonite Bottlers, the sole bottler of Coca-Cola products in the northern region of Tanzania. His Kilimanjaro brand of bottled water is the biggest selling in the country. His IPP Resources mines gold, uranium, copper, chrome and coal. A devout philanthropist, he sends hundreds of Tanzanian children with heart ailments to India for treatments.
Reginald Mengi married Jacqueline, 39, former Miss Tanzania in 2015.The lady will now inherit Mengi’s wealth and become one of the richest Tanzanians alive.
