Reginald Mengi is a self-made Tanzanian industrialist and media mogul, whose net worth was estimated by Forbes at $560 million as of 2015.
Reginald was born into a poor family in Northern Tanzania. His family shared their mud hut with sheep, cows, chicken and goats. He had to walk to school barefoot. Despite his circumstances he managed to study accountancy and articles with Cooper Brothers in the UK. He was accepted as a member of the Institute of Chartered Accountants of England and Wales.
Mengi returned to Tanzania in 1971 and started working in Coopers & Lybrand Tanzania. He quit the company in 1989, when he was its chairman and managing director. Later he started his own business.
Today Mengi heads the IPP Media Group, one of the largest media conglomerates in Africa. It owns 11 news papers, radio and television stations, and internet properties. He is the owner of Bonite Bottlers, the only bottler of Coca-Cola products in the northern region of Tanzania.
Mengi’s brand, Kilimanjaro, is the biggest selling bottled water brand in the nation. His IPP Resources is into the business of mining gold, copper, uranium, chrome and coal.
Reginald is married. He is involved in various philanthropic activities. He sends hundreds of Tanzanian children with heart ailments to India for treatment.