Tanzanian billionaire's 560 million dollars inheritance to 'young' wife elicits debate

Tanzanian billionaire's 560 million dollars inheritance to 'young' wife elicits debate

Reginald Mengi, one of Tanzania’s richest left behind a whopping 560 million dollars for his wife following his death which has elicited debate regarding why young people especially women marry old rich men.

A 560 million inheritance left behind by Tanzanian business tycoon, billionaire and philanthropist, Reginald Mengi, for his wife after passing on has evoked debate among Ghanaians regarding whether or not young ladies who marry rich old men are ''gold-diggers''.

While it is possible that some young ladies may be marrying rich men for some other reasons either than love, it is important that young women are not shamed for choosing more than just love.

Young women must own their bodies, who they share love and eventual partnership with. And if it happens to come with a 560 million dollar account, why not?

Every woman who wants an older man to probably take care of her much better than a young man would should not succumb to the stereotypical narrative that she's in it for just the money.

While young guys could be exciting and fun, marriage is more than just an overflow of emotions; the more reason ladies who can must marry up and should not be shamed for doing so.

Also, a young lady may want to be with a man for the experience, maturity and better communication. Older men are also good listeners beyond the stable income. And most women love men who do not only communicate but also listen.

It is also for the obvious commitment and less competition. Women confess to being secured and assured when married to older men than younger ones. Because older men are more warm, caring and supportive.

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Older men have the ability to read and understand your feelings, protects your interest and hurt you less, a lady said in the comment section.

The account by critics that 39-year-old wife and former Miss Tanzania, Jacqueline Mengi's marriage to her late billionaire husband was just for the 560 million dollars inheritance is an account used by people especially men to minimize the love women have for their older husbands.

While it is obvious that these are the realities of these commentators, it certainly can not be the story for every woman who falls in love with a billionaire that leads to marriage. Their tales should surely not be used to shame women who marry men outside the acceptable or expected age.

Jacqueline and Reginald Mengi got married in a plush weeding at Mauritius in 2015 and they have two children.

Similar to the 560 million dollar inheritance following Reginald's death, their union was also hugely debated due to the vase age difference.

Mengi died at the age of 75 leaving on May 2, 2019.

Two of his media outlets, ITV and Radio ONE, on Thursday morning confirmed that Mr Mengi, the chairman of Confederation of Tanzania Industries, IPP Gold Ltd, died in Dubai, United Arab Emirates.

The author of the book ''I Can, I Must, I Will'', is reported to be the man richest people in Tanzania.

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Reginal Mengi autobiography will hit the shelves in July.

He was born poor in 1944 in Kilimanjaro and was the chairman of Media Owners Association of Tanzania and Handeni Gold, Inc.


Through IPP, Mr Mengi set up the IPP Media empire that mainly serve Tanzania and parts of East Africa.

The media group owns ITV, East Africa TV, Capital TV, Radio One, East Africa Radio, and Capital FM.

Besides media, IPP has interests in Coca-Cola bottling, mining and consumer goods.

He is also the owner of printing company, The Guardian Limited, that publishes the Guardian, Nipashe and Alaska magazines.

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His death comes five months after he announced investments in IPP Automobile, a car assembly plant, and the mobile phone sector.

In November, the billionaire signed a deal with a South Korean firm to establish a vehicle assembly plant at Kurasini by September 2019.

The $10 million plant is a joint venture between with IPP Automobile Company Ltd and Youngsan Glonet Corporation.

The carmaker is targeting buyers in Tanzania, Rwanda, Kenya, Uganda, Zambia and Malawi is expected to assemble around 1,000 vehicles per year and employ more than 1,000 people.

"The industry will start to operate from September 2019, will include assembling functions will begin with three types of vehicles ranging from, commercial and construction trucks, buses and Sports Utility Vehicles (SUV)," he said in November 2018.

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Forbes reports that IPP Automobile has already begun importing parts for the assembly of Hyundai, Kia and Daewoo cars.

Mr Mengi came to the limelight in early 1990s when he set up consumer goods factories and one of the earliest television stations in Tanzania.

The man who weathered the tough media environment in Tanzania to set up a print and broadcast empire is known to empower vulnerable groups in the East African country.

Tanzanian President John Magufuli paid tribute to Mengi on Twitter Thursday morning.

Mengi is survived by his wife Jacqueline Ntuyabaliwe and four children.

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Source: Yen

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