What is Said Salim Bakhresa net worth ?
Said Salim Awadh Bakhresa is a Tanzanian business tycoon. He is the founder and the chairperson of the Bakhresa Group Of Companies. He is a well-known industrialist in the mainland of Tanzania and the island of Zanzibar.
As of 2020, Bakhresa net worth is about $800 million
Said Salim Bakhresa Profile
Bakhresa was born 1949 in Zanzibar. With a humble beginning as a small restaurateur in the seventies, he created the business empire within a span of three decades. At the age of 14, he dropped out of school to become a potato mix salesperson and would later go on to become a successful African businessman.
After getting into the potato mix industry, Bakhresa got involved as a restaurant operator in the 1970s and then went into grain milling. Even today, the main products from Bakhresa’s company comes from the Kipawa Flour Mill where various rice and grain products are being processed.
Bakhresa Group; is a conglomerate of various companies and is the largest milling company in East Africa with operations in Tanzania and five other countries.
His group employs more than 2000 people and is Tanzania’s largest conglomerate. Other specialties produced through Bakhresa’s conglomerate includes: confectioneries, frozen foods, various kinds of drinks, and packaging.
The Azam brand is Bakhresa’s most successful chocolate and ice cream manufacturer in Tanzania.
While the company is managed by his sons, Bakhresa owns the company itself. Its daily capacity for manufacturing is 2100 metric tons and made sales of $800 million in 2011.
Bakhresa’s Azam Marine division is providing international tourists with quick ferry services as more people discover Tanzania.
In addition to Zanzibar, riders can also experience Lake Victoria and Mount Kilimanjaro.
Said Salim Bakhresa Net Worth
Currently, it is estimated that his net worth is $10.5 Billion according to what he is invested added up. Said Salim Bakhresa has been investing a lot of money in his industry and opened the most greenest hotel in Zanzibar recently with a Water Park and a Marina. The name of the hotel is Hotel Verde Zanzibar.
Bakhresa is helping to reduce the effects of malaria on his employees by preventing the spread of the disease at his workplaces.
As a result, Bakhresa’s firm only spends about $3400 USD a month for malaria medication as opposed to $10000 USD per month to heal its sick workforce.
They stopped using Fansidar; a monotherapy drug in favor of more effective artemisinin-based therapies that utilizes polytherapy.
Other companies are united with the Bakhresa Group to stop malaria in their region. Residents of Tanzania who work outside of Bakhresa’s company have also benefitted from Bakhresa’s crusade against malaria in Africa